Etsy, Inc. (NASDAQ:ETSY) has been assigned a consensus recommendation of “Hold” from the fifteen research firms that are presently covering the stock, MarketBeat.com reports. Ten research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $13.49.

ETSY has been the subject of several analyst reports. Loop Capital reiterated a “buy” rating and issued a $16.00 target price on shares of Etsy in a research note on Wednesday, March 22nd. Maxim Group reissued a “buy” rating and set a $17.00 price target on shares of Etsy in a research report on Tuesday, April 25th. Zacks Investment Research downgraded Etsy from a “hold” rating to a “sell” rating in a research report on Monday, May 1st. Wedbush reissued a “neutral” rating and set a $9.00 price target (down previously from $13.00) on shares of Etsy in a research report on Wednesday, May 3rd. Finally, Roth Capital downgraded Etsy from a “buy” rating to a “neutral” rating and set a $13.50 price target for the company. in a research report on Wednesday, May 3rd.

A number of hedge funds have recently made changes to their positions in the stock. FNY Managed Accounts LLC purchased a new stake in shares of Etsy during the first quarter valued at about $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 worth $108,000 after buying an additional 2,373 shares during the last quarter. 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 worth $128,000 after buying an additional 5,258 shares during the last quarter. Marathon Trading Investment Management LLC bought a new stake in shares of Etsy during the first quarter worth $174,000. Finally, Pier 88 Investment Partners LLC bought a new stake in shares of Etsy during the first quarter worth $284,000. Hedge funds and other institutional investors own 69.50% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: This piece of content was originally published by American Banking News and is owned by of American Banking News. If you are accessing this piece of content on another website, it was illegally copied and republished in violation of US & international copyright & trademark laws. The original version of this piece of content can be viewed at https://www.americanbankingnews.com/2017/07/10/etsy-inc-nasdaqetsy-receives-consensus-recommendation-of-hold-from-analysts.html.

Etsy (NASDAQ:ETSY) traded down 0.07% during midday trading on Monday, reaching $15.01. The company’s stock had a trading volume of 841,368 shares. The stock’s market cap is $1.67 billion. The stock’s 50 day moving average is $13.59 and its 200 day moving average is $12.07. Etsy has a 12-month low of $9.31 and a 12-month high of $16.05.

Etsy (NASDAQ:ETSY) last released its 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. The business had revenue of $96.89 million during the quarter, compared to analyst estimates of $98.64 million. Etsy had a negative net margin of 8.29% and a negative return on equity of 2.01%. Analysts anticipate that Etsy will post $0.03 earnings per share for the current year.

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)

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.