Etsy, Inc. (NASDAQ:ETSY) had its target price upped by equities research analysts at Stifel Nicolaus from $13.00 to $15.00 in a report issued on Friday, MarketBeat reports. The firm presently has a “hold” rating on the specialty retailer’s stock. Stifel Nicolaus’ target price suggests a potential downside of 0.99% from the company’s current price.

ETSY has been the topic of several other research reports. BidaskClub lowered shares of Etsy from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 25th. Citigroup Inc. reiterated a “neutral” rating and issued a $14.00 price objective (up previously from $12.95) on shares of Etsy in a research note on Thursday, May 25th. Maxim Group set a $13.00 price objective on shares of Etsy and gave the company a “buy” rating in a research note on Wednesday, May 3rd. Wedbush reiterated a “neutral” rating and issued a $9.00 price objective (down previously from $13.00) on shares of Etsy in a research note on Wednesday, May 3rd. Finally, Zacks Investment Research lowered shares of Etsy from a “hold” rating to a “sell” rating in a research note on Monday, May 1st. Eleven investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Etsy has an average rating of “Hold” and a consensus price target of $14.33.

Shares of Etsy (NASDAQ ETSY) traded up 11.48% during trading on Friday, hitting $15.15. 5,164,128 shares of the company’s stock were exchanged. The firm’s market capitalization is $1.68 billion. The stock’s 50 day moving average is $14.63 and its 200 day moving average is $12.46. Etsy has a 1-year low of $9.41 and a 1-year high of $16.05.

Etsy (NASDAQ:ETSY) last released its quarterly earnings data on Thursday, August 3rd. The specialty retailer reported $0.10 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.04 by $0.06. The firm had revenue of $101.70 million for the quarter, compared to analyst estimates of $101.14 million. Etsy had a negative net margin of 3.16% and a positive return on equity of 3.77%. The company’s revenue for the quarter was up 19.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.06) EPS. On average, equities research analysts forecast that Etsy will post $0.01 earnings per share for the current year.

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A number of hedge funds have recently bought and sold shares of ETSY. UBS Group AG increased its stake in 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 in the last quarter. American International Group Inc. increased its stake in Etsy by 7.1% in the first quarter. American International Group Inc. now owns 64,665 shares of the specialty retailer’s stock valued at $687,000 after buying an additional 4,278 shares in the last quarter. Grandeur Peak Global Advisors LLC increased its stake in Etsy by 4.7% in the first quarter. Grandeur Peak Global Advisors LLC now owns 100,000 shares of the specialty retailer’s stock valued at $1,063,000 after buying an additional 4,450 shares in the last quarter. Creative Planning increased its stake in 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 in the last quarter. Finally, Legal & General Group Plc increased its stake in Etsy by 26.6% in the second quarter. Legal & General Group Plc now owns 31,988 shares of the specialty retailer’s stock valued at $479,000 after buying an additional 6,718 shares in the last quarter. 69.58% of the stock is 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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