Etsy, Inc. (NASDAQ:ETSY)‘s stock had its “neutral” rating reiterated by investment analysts at Piper Jaffray Companies in a research note issued to investors on Wednesday. They currently have a $14.50 target price on the specialty retailer’s stock. Piper Jaffray Companies’ price objective would suggest a potential downside of 12.39% from the company’s previous close.

A number of other research firms have also weighed in on ETSY. Zacks Investment Research raised Etsy from a “hold” rating to a “buy” rating and set a $20.00 target price on the stock in a report on Friday, September 15th. Stifel Nicolaus reissued a “hold” rating and set a $13.00 target price on shares of Etsy in a report on Friday, June 23rd. Royal Bank Of Canada boosted their target price on Etsy from $12.00 to $16.00 and gave the stock a “sector perform” rating in a report on Friday, August 4th. BidaskClub lowered Etsy from a “buy” rating to a “hold” rating in a report on Wednesday, August 2nd. Finally, Roth Capital set a $14.00 target price on Etsy and gave the stock a “hold” rating in a report on Monday, July 31st. Ten investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $15.00.

Etsy (NASDAQ ETSY) traded down 2.82% during midday trading on Wednesday, hitting $16.55. The stock had a trading volume of 1,329,844 shares. The firm’s market capitalization is $1.84 billion. Etsy has a 1-year low of $9.41 and a 1-year high of $17.90. The firm has a 50-day moving average price of $16.58 and a 200-day moving average price of $13.85.

Etsy (NASDAQ:ETSY) last posted its quarterly earnings results on Thursday, August 3rd. The specialty retailer reported $0.10 earnings per share for the quarter, topping 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 positive return on equity of 3.83% and a negative net margin of 3.16%. The business’s quarterly revenue was up 19.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.06) EPS. On average, equities research analysts anticipate that Etsy will post $0.27 earnings per share for the current year.

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In other news, CEO Josh Silverman purchased 64,000 shares of Etsy stock in a transaction that occurred on Tuesday, August 8th. The stock was acquired 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 4.00% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Royal Bank of Canada boosted its stake in Etsy by 30.3% in the 2nd quarter. Royal Bank of Canada now owns 8,812 shares of the specialty retailer’s stock valued at $133,000 after purchasing an additional 2,049 shares during the period. FNY Managed Accounts LLC bought a new stake in Etsy in the 1st quarter valued at $105,000. UBS Group AG boosted its stake in Etsy by 30.7% in the 1st quarter. UBS Group AG now owns 10,091 shares of the specialty retailer’s stock valued at $108,000 after purchasing an additional 2,373 shares during the period. Ameritas Investment Partners Inc. boosted its stake in Etsy by 12.0% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 10,160 shares of the specialty retailer’s stock valued at $152,000 after purchasing an additional 1,092 shares during the period. Finally, Amalgamated Bank boosted its stake in Etsy by 14.9% in the 2nd quarter. Amalgamated Bank now owns 14,788 shares of the specialty retailer’s stock valued at $222,000 after purchasing an additional 1,920 shares during the period. Institutional investors and hedge funds own 73.03% 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.

Analyst Recommendations for Etsy (NASDAQ:ETSY)

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