Etsy Inc (NASDAQ:ETSY) was upgraded by stock analysts at TheStreet to a “hold” rating in a research note issued to investors on Wednesday.

A number of other analysts have also weighed in on the stock. Loop Capital reaffirmed a “buy” rating and issued a $16.00 price target on shares of Etsy in a research note on Wednesday, March 22nd. Zacks Investment Research lowered shares of Etsy from a “hold” rating to a “sell” rating in a research note on Monday, May 1st. Maxim Group reissued a “buy” rating and set a $17.00 target price on shares of Etsy in a research note on Tuesday, April 25th. Goldman Sachs Group Inc cut their target price on shares of Etsy from $15.00 to $13.00 and set a “neutral” rating for the company in a research note on Wednesday, March 1st. Finally, Wedbush cut their target price on shares of Etsy from $14.00 to $13.00 and set a “neutral” rating for the company in a research note on Friday, February 24th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $14.07.

Analyst Recommendations for Etsy (NASDAQ:ETSY)

Shares of Etsy (NASDAQ:ETSY) traded up 0.68% on Wednesday, hitting $13.40. 145,695 shares of the stock were exchanged. The company’s market cap is $1.49 billion. Etsy has a one year low of $8.40 and a one year high of $16.05. The firm’s 50-day moving average is $11.26 and its 200-day moving average is $11.75.

Etsy (NASDAQ:ETSY) last issued its quarterly earnings results on Tuesday, May 2nd. The specialty retailer reported $0.00 earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by $0.05. The company had revenue of $96.89 million during the quarter, compared to analyst estimates of $98.64 million. Etsy had a negative return on equity of 1.69% and a negative net margin of 3.72%.

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In related news, Director Frederick R. Wilson sold 100,009 shares of the company’s stock in a transaction that occurred on Tuesday, March 7th. The shares were sold at an average price of $10.21, for a total value of $1,021,091.89. Following the completion of the sale, the director now owns 822,062 shares in the company, valued at approximately $8,393,253.02. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 11.10% of the stock is currently owned by corporate insiders.

Large investors have recently modified their holdings of the stock. ICM Asset Management Inc. WA increased its stake in shares of Etsy by 7.5% in the third quarter. ICM Asset Management Inc. WA now owns 39,495 shares of the specialty retailer’s stock valued at $564,000 after buying an additional 2,770 shares during the period. BlackRock Advisors LLC increased its stake in shares of Etsy by 52.9% in the third quarter. BlackRock Advisors LLC now owns 52,731 shares of the specialty retailer’s stock valued at $753,000 after buying an additional 18,253 shares during the period. BlackRock Fund Advisors increased its stake in shares of Etsy by 7.3% in the third quarter. BlackRock Fund Advisors now owns 2,641,639 shares of the specialty retailer’s stock valued at $37,723,000 after buying an additional 179,541 shares during the period. Rhumbline Advisers increased its stake in shares of Etsy by 24.5% in the third quarter. Rhumbline Advisers now owns 100,873 shares of the specialty retailer’s stock valued at $1,440,000 after buying an additional 19,825 shares during the period. Finally, California State Teachers Retirement System increased its stake in shares of Etsy by 1.0% in the third quarter. California State Teachers Retirement System now owns 222,296 shares of the specialty retailer’s stock valued at $3,174,000 after buying an additional 2,100 shares during the period. Institutional investors and hedge funds own 60.65% 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.

12 Month Chart for NASDAQ:ETSY

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