Etsy, Inc. (NASDAQ:ETSY) has earned a consensus rating of “Hold” from the sixteen analysts that are covering the stock, Marketbeat.com reports. Ten research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $15.08.

Several brokerages have recently commented on ETSY. Zacks Investment Research raised shares of Etsy from a “hold” rating to a “buy” rating and set a $20.00 price objective for the company in a research report on Friday, September 15th. DA Davidson began coverage on shares of Etsy in a research report on Wednesday, September 6th. They set a “buy” rating and a $18.00 price objective for the company. BidaskClub raised shares of Etsy from a “hold” rating to a “buy” rating in a research report on Saturday, August 26th. Ifs Securities reaffirmed an “outperform” rating and set a $18.00 price objective on shares of Etsy in a research report on Thursday, August 24th. Finally, Stifel Nicolaus raised their price objective on shares of Etsy from $13.00 to $15.00 and gave the stock a “hold” rating in a research report on Friday, August 4th.

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Shares of Etsy (NASDAQ ETSY) remained flat at $17.11 on Friday. 777,995 shares of the company were exchanged. The firm has a 50-day moving average of $16.07 and a 200 day moving average of $13.34. Etsy has a 52 week low of $9.41 and a 52 week high of $17.90. The stock’s market cap is $1.90 billion.

Etsy (NASDAQ:ETSY) last announced its quarterly earnings data on Thursday, August 3rd. The specialty retailer reported $0.10 EPS for the quarter, topping the consensus estimate of $0.04 by $0.06. The company had revenue of $101.70 million during the quarter, compared to the consensus estimate of $101.14 million. Etsy had a negative net margin of 3.16% and a positive return on equity of 3.83%. The company’s quarterly revenue was up 19.2% on a year-over-year basis. During the same quarter last year, the firm posted ($0.06) EPS. Analysts anticipate that Etsy will post $0.27 earnings per share for the current fiscal year.

In other Etsy news, CEO Josh Silverman bought 64,000 shares of the stock in a transaction dated Tuesday, August 8th. The shares were bought at an average cost of $15.67 per share, for a total transaction of $1,002,880.00. Following the purchase, the chief executive officer now directly owns 64,000 shares of the company’s stock, valued at approximately $1,002,880. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 4.00% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ETSY. FNY Managed Accounts LLC bought a new stake in shares of Etsy during the 1st quarter worth $105,000. UBS Group AG raised its stake in shares of Etsy by 30.7% during the 1st quarter. UBS Group AG now owns 10,091 shares of the specialty retailer’s stock worth $108,000 after purchasing an additional 2,373 shares during the period. Royal Bank of Canada raised its stake in shares of Etsy by 30.3% during the 2nd quarter. Royal Bank of Canada now owns 8,812 shares of the specialty retailer’s stock worth $133,000 after purchasing an additional 2,049 shares during the period. Ameritas Investment Partners Inc. raised its stake in shares of Etsy by 12.0% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 10,160 shares of the specialty retailer’s stock worth $152,000 after purchasing an additional 1,092 shares during the period. Finally, Marathon Trading Investment Management LLC bought a new stake in shares of Etsy during the 1st quarter worth $174,000. Institutional investors own 73.03% of the company’s stock.

About Etsy

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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