Etsy, Inc. (NASDAQ:ETSY) has been assigned a $17.00 price objective by equities researchers at Maxim Group in a report released on Wednesday. The brokerage currently has a “buy” rating on the specialty retailer’s stock. Maxim Group’s price target indicates a potential upside of 11.55% from the company’s previous close.

ETSY has been the subject of several other reports. Roth Capital set a $16.00 target price on Etsy and gave the stock a “buy” rating in a report on Monday, February 27th. Loop Capital reiterated a “buy” rating and issued a $16.00 target price on shares of Etsy in a report on Wednesday, March 22nd. TheStreet upgraded Etsy from a “d” rating to a “c-” rating in a report on Wednesday, May 24th. Stifel Nicolaus restated a “hold” rating and set a $13.00 price objective (down from $14.00) on shares of Etsy in a research note on Wednesday, May 3rd. Finally, Wedbush restated a “neutral” rating and set a $13.00 price objective (down from $14.00) on shares of Etsy in a research note on Wednesday, March 1st. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have assigned a buy rating to the stock. Etsy presently has an average rating of “Hold” and a consensus target price of $13.65.

Analyst Recommendations for Etsy (NASDAQ:ETSY)

Shares of Etsy (NASDAQ ETSY) traded up 3.81% during mid-day trading on Wednesday, reaching $15.24. The company had a trading volume of 3,422,627 shares. Etsy has a 1-year low of $8.56 and a 1-year high of $16.05. The firm has a 50-day moving average price of $12.85 and a 200-day moving average price of $11.93. The stock’s market capitalization is $1.69 billion.

Etsy (NASDAQ:ETSY) last announced its quarterly earnings data 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. The business had revenue of $96.89 million during the quarter, compared to the consensus estimate of $98.64 million. Etsy had a negative net margin of 8.29% and a negative return on equity of 2.01%. Equities analysts expect that Etsy will post $0.03 earnings per share for the current year.

WARNING: This news story was originally posted by American Banking News and is owned by of American Banking News. If you are accessing this news story on another publication, it was illegally copied and republished in violation of international copyright & trademark law. The legal version of this news story can be read at https://www.americanbankingnews.com/2017/06/25/etsy-inc-etsy-given-a-17-00-price-target-at-maxim-group.html.

A number of large investors have recently added to or reduced their stakes in the stock. State Street Corp boosted its stake in Etsy by 33.7% in the fourth quarter. State Street Corp now owns 2,226,805 shares of the specialty retailer’s stock worth $26,228,000 after buying an additional 560,837 shares during the period. Dimensional Fund Advisors LP acquired a new stake in Etsy during the fourth quarter worth approximately $957,000. Federated Investors Inc. PA boosted its stake in Etsy by 102.7% in the fourth quarter. Federated Investors Inc. PA now owns 238,753 shares of the specialty retailer’s stock worth $2,812,000 after buying an additional 120,944 shares during the period. Royce & Associates LP acquired a new stake in Etsy during the fourth quarter worth approximately $1,149,000. Finally, Gideon Capital Advisors Inc. acquired a new stake in Etsy during the fourth quarter worth approximately $142,000. Institutional investors 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.

Receive News & Ratings for Etsy Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Etsy Inc. and related companies with MarketBeat.com's FREE daily email newsletter.