Etsy, Inc. (NASDAQ:ETSY) Given Average Rating of “Hold” by Brokerages

Etsy, Inc. (NASDAQ:ETSY) has earned a consensus recommendation of “Hold” from the fifteen ratings firms that are covering the firm, Marketbeat Ratings reports. Ten analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $13.49.

Several research analysts recently commented on ETSY shares. Stifel Nicolaus reiterated a “hold” rating and issued a $13.00 price target on shares of Etsy in a research note on Friday, June 23rd. Loop Capital cut Etsy from a “buy” rating to a “hold” rating in a research note on Wednesday, May 17th. Royal Bank Of Canada restated a “hold” rating and set a $12.00 price objective on shares of Etsy in a research note on Friday, June 30th. Zacks Investment Research upgraded Etsy from a “hold” rating to a “buy” rating and set a $17.00 price objective on the stock in a research note on Tuesday, July 4th. Finally, TheStreet upgraded Etsy from a “d” rating to a “c-” rating in a research note on Wednesday, May 24th.

Etsy (ETSY) opened at 14.77 on Tuesday. Etsy has a 1-year low of $9.41 and a 1-year high of $16.05. The firm has a 50-day moving average price of $13.59 and a 200 day moving average price of $12.07. The stock’s market cap is $1.64 billion.

Etsy (NASDAQ:ETSY) last released its quarterly earnings results on Tuesday, May 2nd. The specialty retailer reported $0.00 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by $0.05. Etsy had a negative return on equity of 2.01% and a negative net margin of 8.29%. The business had revenue of $96.89 million during the quarter, compared to analyst estimates of $98.64 million. On average, equities research analysts anticipate that Etsy will post $0.03 EPS for the current fiscal year.

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Large investors have recently made changes to their positions in the stock. FNY Managed Accounts LLC bought a new stake in shares of Etsy during the first quarter worth approximately $105,000. UBS Group AG increased its stake in shares of Etsy by 30.7% in the first quarter. UBS Group AG now owns 10,091 shares of the specialty retailer’s stock worth $108,000 after buying an additional 2,373 shares during the period. Creative Planning increased its stake in shares of Etsy by 77.4% in the first quarter. Creative Planning now owns 12,053 shares of the specialty retailer’s stock worth $128,000 after buying an additional 5,258 shares during the period. Gideon Capital Advisors Inc. bought a new stake in shares of Etsy during the fourth quarter worth approximately $142,000. Finally, Marathon Trading Investment Management LLC bought a new stake in shares of Etsy during the first quarter worth approximately $174,000. Institutional investors own 69.57% of the company’s stock.

Etsy Company Profile

Etsy, Inc (Etsy) operates a marketplace where people around the world connect, both online and offline, to make, sell and buy goods. The Company offers a range of seller services and tools that help entrepreneurs start, grow and manage their businesses. The Company’s community includes Etsy sellers, Etsy buyers, Etsy employees, its partners and investors.

Analyst Recommendations for Etsy (NASDAQ:ETSY)

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