BidaskClub upgraded shares of Etsy (NASDAQ:ETSY) from a buy rating to a strong-buy rating in a report published on Saturday.
Several other analysts also recently issued reports on the company. Morgan Stanley downgraded Etsy from an equal weight rating to an underweight rating and set a $17.00 price target for the company. in a research note on Friday, January 12th. Zacks Investment Research downgraded Etsy from a hold rating to a sell rating in a research note on Monday, January 22nd. KeyCorp started coverage on Etsy in a research note on Wednesday, December 20th. They issued an overweight rating for the company. Roth Capital raised Etsy from a neutral rating to a buy rating and lifted their price objective for the company from $20.50 to $28.00 in a report on Wednesday, February 28th. Finally, Stifel Nicolaus reaffirmed a hold rating and issued a $24.00 price objective (up from $18.00) on shares of Etsy in a report on Wednesday, February 28th. One analyst has rated the stock with a sell rating, seven have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of Hold and an average price target of $21.19.
Shares of Etsy (NASDAQ:ETSY) opened at $27.93 on Friday. The stock has a market capitalization of $3,400.00 and a price-to-earnings ratio of 66.50. Etsy has a one year low of $9.60 and a one year high of $28.19. The company has a quick ratio of 4.29, a current ratio of 4.29 and a debt-to-equity ratio of 0.16.
In other Etsy news, Director Jonathan D. Klein sold 50,000 shares of Etsy stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $21.31, for a total value of $1,065,500.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 4.00% of the stock is owned by insiders.
Institutional investors have recently bought and sold shares of the company. Steward Partners Investment Advisory LLC raised its holdings in shares of Etsy by 99.8% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 6,728 shares of the specialty retailer’s stock worth $137,000 after buying an additional 3,361 shares in the last quarter. Public Employees Retirement Association of Colorado acquired a new position in shares of Etsy during the 4th quarter worth $154,000. Royal Bank of Canada raised its holdings in shares of Etsy by 30.3% during the 2nd quarter. Royal Bank of Canada now owns 8,812 shares of the specialty retailer’s stock worth $133,000 after buying an additional 2,049 shares in the last quarter. Keybank National Association OH acquired a new position in shares of Etsy during the 4th quarter worth $205,000. Finally, Parametrica Management Ltd acquired a new position in shares of Etsy during the 4th quarter worth $212,000. 79.94% of the stock is owned by institutional investors.
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Etsy Company Profile
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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