Etsy (NYSE:ETSY) Upgraded by Wall Street Zen to “Buy” Rating

Etsy (NYSE:ETSY) was upgraded by investment analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued on Saturday.

ETSY has been the subject of several other research reports. BNP Paribas Exane raised shares of Etsy to a “hold” rating in a research note on Monday, November 24th. Evercore lowered Etsy from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 30th. Citigroup raised Etsy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 30th. Zacks Research lowered Etsy from a “strong-buy” rating to a “hold” rating in a report on Monday, November 10th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Etsy in a report on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold”.

Etsy Trading Up 8.6%

Shares of NYSE ETSY opened at $52.30 on Friday. The firm has a 50 day moving average price of $55.66. Etsy has a 52 week low of $40.05 and a 52 week high of $76.51. The company has a market cap of $5.16 billion, a PE ratio of 39.92, a price-to-earnings-growth ratio of 5.56 and a beta of 1.77.

Etsy (NYSE:ETSY) last posted its earnings results on Thursday, February 19th. The company reported $0.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.88 by $0.04. The firm had revenue of $881.64 million during the quarter. Etsy had a net margin of 5.65% and a negative return on equity of 24.94%.

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.