Etsy Inc (ETSY) Given Consensus Rating of “Hold” by Brokerages
Etsy Inc (NASDAQ:ETSY) has received an average recommendation of “Hold” from the sixteen ratings firms that are currently covering the firm, MarketBeat Ratings reports. Eleven investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $15.55.
Several research analysts recently issued reports on ETSY shares. BidaskClub raised Etsy from a “hold” rating to a “buy” rating in a research report on Monday, August 14th. Ifs Securities reaffirmed an “outperform” rating and set a $18.00 target price on shares of Etsy in a research report on Thursday, August 24th. Zacks Investment Research lowered Etsy from a “buy” rating to a “hold” rating in a research report on Thursday, August 31st. DA Davidson started coverage on Etsy in a research report on Wednesday, September 6th. They set a “buy” rating and a $18.00 target price on the stock. Finally, Piper Jaffray Companies reaffirmed a “neutral” rating and set a $14.50 target price on shares of Etsy in a research report on Wednesday, October 4th.
Shares of Etsy (ETSY) traded up $0.55 during trading hours on Thursday, reaching $18.74. The company had a trading volume of 2,709,900 shares, compared to its average volume of 1,968,411. Etsy has a 12 month low of $9.41 and a 12 month high of $18.76. The firm has a market cap of $2,213.98, a price-to-earnings ratio of 72.76, a P/E/G ratio of 2.80 and a beta of 1.15. The company has a quick ratio of 4.26, a current ratio of 4.26 and a debt-to-equity ratio of 0.19.
In other news, Director Frederick R. Wilson sold 87,938 shares of the company’s stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $16.24, for a total value of $1,428,113.12. Following the sale, the director now owns 822,062 shares in the company, valued at $13,350,286.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 4.00% of the stock is currently owned by corporate insiders.
Several institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of Etsy by 4.3% in the second quarter. Vanguard Group Inc. now owns 7,873,527 shares of the specialty retailer’s stock worth $118,103,000 after buying an additional 325,998 shares during the last quarter. BlackRock Inc. boosted its position in Etsy by 5.5% during the second quarter. BlackRock Inc. now owns 6,701,573 shares of the specialty retailer’s stock worth $100,523,000 after purchasing an additional 351,751 shares in the last quarter. Janus Henderson Group PLC purchased a new position in Etsy during the second quarter worth approximately $95,291,000. TPG Group Holdings SBS Advisors Inc. boosted its position in Etsy by 2,287.5% during the second quarter. TPG Group Holdings SBS Advisors Inc. now owns 5,003,888 shares of the specialty retailer’s stock worth $75,058,000 after purchasing an additional 4,794,297 shares in the last quarter. Finally, State Street Corp boosted its position in Etsy by 4.4% during the second quarter. State Street Corp now owns 2,401,810 shares of the specialty retailer’s stock worth $36,040,000 after purchasing an additional 101,859 shares in the last quarter. Hedge funds and other institutional investors own 74.42% of the company’s stock.
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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