Etsy (NASDAQ:ETSY) was upgraded by stock analysts at BidaskClub from a “hold” rating to a “buy” rating in a report released on Friday.
Other equities research analysts have also recently issued reports about the stock. Zacks Investment Research upgraded shares of Etsy from a “hold” rating to a “buy” rating and set a $23.00 price objective for the company in a research report on Tuesday, January 9th. Stifel Nicolaus reiterated a “hold” rating and set a $18.00 price objective (up from $15.00) on shares of Etsy in a research report on Tuesday, November 7th. Ifs Securities reiterated an “outperform” rating and set a $22.00 price objective (up from $18.00) on shares of Etsy in a research report on Tuesday, November 7th. KeyCorp began coverage on shares of Etsy in a research report on Wednesday, December 20th. They set an “overweight” rating for the company. Finally, Royal Bank of Canada increased their price objective on shares of Etsy from $16.00 to $18.00 and gave the stock a “sector perform” rating in a research report on Tuesday, November 7th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $16.19.
Etsy (NASDAQ ETSY) opened at $20.96 on Friday. The company has a debt-to-equity ratio of 0.19, a current ratio of 4.26 and a quick ratio of 4.26. Etsy has a 12-month low of $9.41 and a 12-month high of $21.86. The stock has a market cap of $2,551.13, a P/E ratio of 174.67, a price-to-earnings-growth ratio of 4.10 and a beta of 0.92.
A number of hedge funds and other institutional investors have recently modified their holdings of ETSY. Royal Bank of Canada boosted its stake in Etsy by 30.3% during the second quarter. Royal Bank of Canada now owns 8,812 shares of the specialty retailer’s stock worth $133,000 after acquiring an additional 2,049 shares in the last quarter. Steward Partners Investment Advisory LLC boosted its stake in Etsy by 99.8% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 6,728 shares of the specialty retailer’s stock worth $137,000 after acquiring an additional 3,361 shares in the last quarter. Ameritas Investment Partners Inc. boosted its stake in Etsy by 12.0% during the second quarter. Ameritas Investment Partners Inc. now owns 10,160 shares of the specialty retailer’s stock worth $152,000 after acquiring an additional 1,092 shares in the last quarter. Public Employees Retirement Association of Colorado bought a new position in Etsy during the fourth quarter worth $154,000. Finally, Trexquant Investment LP bought a new position in Etsy during the third quarter worth $192,000. 76.29% of the stock is currently owned by institutional investors and hedge funds.
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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.
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