Etsy (NYSE:ETSY) Upgraded at Citigroup

Citigroup upgraded shares of Etsy (NYSE:ETSY) from a hold rating to a strong-buy rating in a research report sent to investors on Tuesday,Zacks.com reports.

Several other research firms have also recently weighed in on ETSY. Evercore ISI cut shares of Etsy from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 30th. Wall Street Zen upgraded shares of Etsy from a “hold” rating to a “buy” rating in a research note on Friday, November 28th. Weiss Ratings reissued a “hold (c)” rating on shares of Etsy in a research report on Monday. Zacks Research cut shares of Etsy from a “strong-buy” rating to a “hold” rating in a report on Monday, November 10th. Finally, BNP Paribas upgraded shares of Etsy to a “hold” rating in a research note on Monday, November 24th. One equities research analyst has rated the stock with a Strong Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold”.

Etsy Stock Performance

ETSY stock opened at $55.41 on Tuesday. The company has a market capitalization of $5.47 billion, a P/E ratio of 39.02, a price-to-earnings-growth ratio of 7.09 and a beta of 1.74. Etsy has a twelve month low of $40.05 and a twelve month high of $76.51. The company has a 50 day moving average of $55.22.

About Etsy

Etsy, Inc operates two-sided online marketplaces that connect buyers and sellers primarily in the United States, the United Kingdom, Germany, Canada, Australia, France, and India. Its primary marketplace is Etsy.com that connects artisans and entrepreneurs with various consumers. The company also offers Reverb, a musical instrument marketplace; Depop, a fashion resale marketplace; and Elo7, a Brazil-based marketplace for handmade and unique items. In addition, it offers various seller services, including Etsy Payments, a payment processing service; Etsy Ads, an advertising platform; and Shipping Labels, which allows sellers in the United States, Canada, the United Kingdom, Australia, and India to purchase discounted shipping labels.