Etsy Inc (NYSE:ETSY) Receives Average Recommendation of “Hold” from Analysts

Etsy Inc (NYSE:ETSY) has received an average recommendation of “Hold” from the five research firms that are presently covering the company, MarketBeat Ratings reports. Four analysts have rated the stock with a hold recommendation and one has given a strong buy recommendation to the company.

A number of analysts recently weighed in on ETSY shares. Wall Street Zen raised shares of Etsy from a “hold” rating to a “buy” rating in a research note on Friday, November 28th. BNP Paribas Exane upgraded Etsy to a “hold” rating in a research note on Monday, November 24th. Evercore ISI downgraded Etsy from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 30th. Zacks Research lowered Etsy from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 10th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Etsy in a research note on Monday, December 29th.

Etsy Price Performance

Shares of Etsy stock opened at $60.11 on Friday. Etsy has a 52-week low of $40.05 and a 52-week high of $76.51. The company has a market cap of $5.93 billion, a price-to-earnings ratio of 42.33, a PEG ratio of 6.73 and a beta of 1.74. The firm has a fifty day simple moving average of $56.39.

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.