Etsy, Inc. (NASDAQ:ETSY) had its price objective boosted by research analysts at Morgan Stanley from $9.50 to $13.50 in a research report issued to clients and investors on Thursday. The brokerage presently has an “equal weight” rating on the specialty retailer’s stock. Morgan Stanley’s target price indicates a potential downside of 6.90% from the company’s previous close.

ETSY has been the topic of several other research reports. Loop Capital restated a “buy” rating and set a $16.00 price objective on shares of Etsy in a report on Wednesday, March 22nd. Zacks Investment Research cut Etsy from a “hold” rating to a “sell” rating in a report on Monday, May 1st. TheStreet upgraded Etsy from a “d” rating to a “c-” rating in a report on Wednesday, May 24th. Maxim Group set a $13.00 price objective on Etsy and gave the stock a “buy” rating in a report on Wednesday, May 3rd. Finally, Stifel Nicolaus restated a “hold” rating and set a $13.00 price objective on shares of Etsy in a report on Friday, June 23rd. Ten analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $13.73.

Shares of Etsy (ETSY) traded down 0.68% during trading on Thursday, hitting $14.50. The stock had a trading volume of 805,060 shares. The company’s market cap is $1.61 billion. Etsy has a 12-month low of $9.41 and a 12-month high of $16.05. The stock’s 50 day moving average is $14.35 and its 200-day moving average is $12.32.

Etsy (NASDAQ:ETSY) last posted its quarterly earnings data on Tuesday, May 2nd. The specialty retailer reported $0.00 earnings per share (EPS) for the quarter, missing the consensus estimate 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 business had revenue of $96.89 million for the quarter, compared to analyst estimates of $98.64 million. Analysts forecast that Etsy will post $0.03 earnings per share for the current year.

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Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. FNY Managed Accounts LLC acquired a new stake in shares of Etsy during the first quarter worth 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 worth $108,000 after buying an additional 2,373 shares during the period. 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 period. Marathon Trading Investment Management LLC acquired a new stake in shares of Etsy during the first quarter worth approximately $174,000. Finally, Pier 88 Investment Partners LLC acquired a new stake in shares of Etsy during the first quarter worth approximately $284,000. 69.57% of the stock is currently owned by institutional investors.

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)

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