BidaskClub lowered shares of Etsy, Inc. (NASDAQ:ETSY) from a strong-buy rating to a buy rating in a report issued on Tuesday morning.

A number of other brokerages have also commented on ETSY. Stifel Nicolaus reissued a hold rating and set a $13.00 price objective on shares of Etsy in a report on Friday, June 23rd. Loop Capital lowered Etsy from a buy rating to a hold rating in a report on Wednesday, May 17th. Royal Bank Of Canada reissued a hold rating and set a $12.00 price objective on shares of Etsy in a report on Friday, June 30th. Zacks Investment Research raised Etsy from a hold rating to a buy rating and set a $17.00 price objective for the company in a report on Tuesday, July 4th. Finally, TheStreet raised Etsy from a d rating to a c- rating in a report on Wednesday, May 24th. Ten equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Etsy has an average rating of Hold and a consensus price target of $13.73.

Shares of Etsy (NASDAQ ETSY) traded down 1.35% during midday trading on Tuesday, hitting $14.64. The company’s stock had a trading volume of 867,801 shares. The company has a 50-day moving average price of $14.58 and a 200 day moving average price of $12.43. Etsy has a 1-year low of $9.41 and a 1-year high of $16.05. The company’s market cap is $1.63 billion.

Etsy (NASDAQ:ETSY) last issued its quarterly earnings data on Tuesday, May 2nd. The specialty retailer reported $0.00 EPS for the quarter, missing analysts’ consensus estimates of $0.05 by $0.05. The company had revenue of $96.89 million for the quarter, compared to the consensus estimate of $98.64 million. Etsy had a negative return on equity of 2.01% and a negative net margin of 8.29%. On average, equities research analysts predict that Etsy will post $0.03 EPS for the current year.

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A number of institutional investors have recently bought and sold shares of ETSY. Dragoneer Investment Group LLC purchased a new position in Etsy during the first quarter valued at approximately $24,331,000. Janus Capital Management LLC increased its position in Etsy by 38.4% in the first quarter. Janus Capital Management LLC now owns 6,222,005 shares of the specialty retailer’s stock valued at $66,140,000 after buying an additional 1,726,152 shares during the last quarter. Point72 Asset Management L.P. increased its position in Etsy by 204.5% in the first quarter. Point72 Asset Management L.P. now owns 1,141,948 shares of the specialty retailer’s stock valued at $12,139,000 after buying an additional 766,948 shares during the last quarter. Wells Fargo & Company MN increased its position in Etsy by 70.6% in the first quarter. Wells Fargo & Company MN now owns 1,533,634 shares of the specialty retailer’s stock valued at $16,303,000 after buying an additional 634,855 shares during the last quarter. Finally, State Street Corp increased its position in Etsy by 33.7% in the fourth quarter. State Street Corp now owns 2,226,805 shares of the specialty retailer’s stock valued at $26,228,000 after buying an additional 560,837 shares during the last quarter. Institutional investors and hedge funds own 69.58% of the company’s stock.

About Etsy

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.

Analyst Recommendations for Etsy (NASDAQ:ETSY)

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