Etsy, Inc. (ETSY) Receives Consensus Rating of “Hold” from Brokerages
Etsy, Inc. (NASDAQ:ETSY) has been given a consensus recommendation of “Hold” by the fourteen brokerages that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, ten have issued a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $13.09.
ETSY has been the subject of a number of recent research reports. Roth Capital set a $16.00 price objective on shares of Etsy and gave the company a “buy” rating in a research report on Monday, February 27th. Wedbush dropped their target price on shares of Etsy from $14.00 to $13.00 and set a “neutral” rating for the company in a report on Friday, February 24th. Loop Capital reaffirmed a “buy” rating and issued a $16.00 target price on shares of Etsy in a report on Wednesday, March 22nd. Zacks Investment Research downgraded shares of Etsy from a “hold” rating to a “sell” rating in a report on Monday, May 1st. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $14.00 target price on shares of Etsy in a report on Thursday, March 2nd.
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Shares of Etsy (NASDAQ ETSY) traded up 2.64% during trading on Tuesday, reaching $13.61. The company’s stock had a trading volume of 4,368,553 shares. Etsy has a one year low of $8.56 and a one year high of $16.05. The firm’s 50-day moving average price is $12.31 and its 200-day moving average price is $11.87. The company’s market capitalization is $1.51 billion.
Etsy (NASDAQ:ETSY) last posted its earnings results on Tuesday, May 2nd. The specialty retailer reported $0.00 EPS for the quarter, missing analysts’ consensus estimates 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 company had revenue of $96.89 million during the quarter, compared to the consensus estimate of $98.64 million. On average, equities analysts anticipate that Etsy will post $0.01 earnings per share for the current year.
A number of hedge funds have recently made changes to their positions in ETSY. FNY Managed Accounts LLC bought a new stake in shares of Etsy during the first quarter valued at approximately $105,000. UBS Group AG boosted 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 valued at $108,000 after buying an additional 2,373 shares during the last quarter. Gideon Capital Advisors Inc. bought a new stake in shares of Etsy during the fourth quarter valued at approximately $142,000. Creative Planning boosted 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 valued at $128,000 after buying an additional 5,258 shares during the last quarter. Finally, Marathon Trading Investment Management LLC bought a new stake in shares of Etsy during the first quarter valued at approximately $174,000. Institutional investors and hedge funds own 69.50% 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.
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