Etsy, Inc. (NASDAQ:ETSY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Monday.

According to Zacks, “Etsy, Inc. offers e-commerce services. It provides online and offline marketplaces to buy and sell goods. The company’s product include art, home and living, mobile accessories, jewelry, wedding, and others. It operates primarily in Berlin, Germany, Dublin, Ireland, Hudson, New York, London, United Kingdom, Melbourne, Australia, Paris, France, San Francisco, California and Toronto, Canada. Etsy, Inc. is headquartered in Brooklyn, New York. “

Several other equities research analysts have also recently commented on ETSY. BidaskClub raised Etsy from a “hold” rating to a “buy” rating in a report on Monday, August 14th. Royal Bank Of Canada boosted their target price on Etsy from $16.00 to $18.00 and gave the stock a “sector perform” rating in a report on Tuesday, November 7th. Ifs Securities reissued an “outperform” rating and set a $22.00 target price (up previously from $18.00) on shares of Etsy in a report on Tuesday, November 7th. Roth Capital set a $14.00 target price on Etsy and gave the stock a “hold” rating in a report on Monday, July 31st. Finally, Stifel Nicolaus reissued a “hold” rating and set a $18.00 target price (up previously from $15.00) on shares of Etsy in a report on Tuesday, November 7th. Eleven equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Etsy has an average rating of “Hold” and an average target price of $15.69.

Etsy (NASDAQ ETSY) traded up $0.21 on Monday, hitting $16.72. The stock had a trading volume of 1,042,900 shares, compared to its average volume of 1,919,558. The company has a market capitalization of $2,035.06, a PE ratio of 66.88, a PEG ratio of 2.57 and a beta of 1.19. The company has a debt-to-equity ratio of 0.19, a quick ratio of 4.26 and a current ratio of 4.26. Etsy has a 52 week low of $9.41 and a 52 week high of $17.90.

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In other Etsy news, Director Frederick R. Wilson sold 87,938 shares of Etsy stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $16.24, for a total transaction of $1,428,113.12. Following the completion of the sale, the director now owns 822,062 shares of the company’s stock, valued at approximately $13,350,286.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 4.00% of the company’s stock.

Large investors have recently modified their holdings of the business. Janus Henderson Group PLC acquired a new stake in shares of Etsy during the 2nd quarter valued at $95,291,000. TIAA CREF Investment Management LLC boosted its stake in shares of Etsy by 5.2% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 572,934 shares of the specialty retailer’s stock valued at $8,594,000 after buying an additional 28,173 shares during the period. Caldwell & Orkin Inc. acquired a new stake in shares of Etsy during the 2nd quarter valued at $853,000. Goodnow Investment Group LLC lifted its stake in shares of Etsy by 81.0% in the 2nd quarter. Goodnow Investment Group LLC now owns 1,371,566 shares of the specialty retailer’s stock valued at $20,573,000 after purchasing an additional 613,990 shares during the last quarter. Finally, Vanguard Group Inc. lifted its stake in shares of Etsy by 4.8% in the 1st quarter. Vanguard Group Inc. now owns 7,547,529 shares of the specialty retailer’s stock valued at $80,230,000 after purchasing an additional 346,034 shares during the last quarter. 75.25% of the stock is owned by institutional investors.

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.

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Analyst Recommendations for Etsy (NASDAQ:ETSY)

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