BidaskClub downgraded shares of Etsy (NASDAQ:ETSY) from a strong-buy rating to a buy rating in a research note released on Saturday morning.

Several other brokerages also recently commented on ETSY. Wedbush reiterated a neutral rating and set a $50.00 target price on shares of Etsy in a research note on Thursday, September 13th. Loop Capital lifted their target price on Etsy to $65.00 and gave the stock a buy rating in a research note on Friday, September 14th. DA Davidson reiterated a buy rating and set a $59.00 target price (up from $53.00) on shares of Etsy in a research note on Friday, September 14th. Ifs Securities lifted their target price on Etsy to $55.00 and gave the stock an outperform rating in a research note on Tuesday, August 7th. Finally, Morgan Stanley lifted their target price on Etsy from $23.00 to $36.00 and gave the stock an underweight rating in a research note on Wednesday, July 11th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of Buy and a consensus price target of $44.38.

Shares of NASDAQ ETSY opened at $50.44 on Friday. The company has a quick ratio of 5.87, a current ratio of 5.87 and a debt-to-equity ratio of 0.90. Etsy has a 12 month low of $15.27 and a 12 month high of $53.25. The company has a market cap of $5.69 billion, a PE ratio of 132.74, a price-to-earnings-growth ratio of 7.71 and a beta of 0.22.

Etsy (NASDAQ:ETSY) last issued its earnings results on Monday, August 6th. The specialty retailer reported $0.03 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by ($0.01). Etsy had a return on equity of 13.23% and a net margin of 17.52%. The business had revenue of $132.39 million for the quarter, compared to the consensus estimate of $127.10 million. During the same quarter in the prior year, the firm posted $0.10 earnings per share. The business’s revenue was up 30.2% compared to the same quarter last year. research analysts expect that Etsy will post 0.41 EPS for the current year.

In related news, Director Melissa Reiff sold 35,000 shares of the business’s stock in a transaction on Friday, August 17th. The stock was sold at an average price of $46.01, for a total value of $1,610,350.00. Following the completion of the sale, the director now directly owns 25,285 shares in the company, valued at approximately $1,163,362.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director M Michele Burns sold 5,000 shares of the business’s stock in a transaction on Wednesday, August 8th. The shares were sold at an average price of $43.85, for a total value of $219,250.00. Following the completion of the sale, the director now owns 18,487 shares of the company’s stock, valued at $810,654.95. The disclosure for this sale can be found here. Insiders sold a total of 107,062 shares of company stock valued at $4,834,580 over the last 90 days. 2.80% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ETSY. Mount Yale Investment Advisors LLC bought a new stake in Etsy in the 2nd quarter valued at $102,000. Moneta Group Investment Advisors LLC bought a new stake in Etsy in the 2nd quarter valued at $146,000. Point72 Asia Hong Kong Ltd bought a new stake in Etsy in the 1st quarter valued at $148,000. PARK CIRCLE Co boosted its stake in Etsy by 100.0% in the 2nd quarter. PARK CIRCLE Co now owns 4,000 shares of the specialty retailer’s stock valued at $169,000 after purchasing an additional 2,000 shares during the period. Finally, Eqis Capital Management Inc. bought a new stake in Etsy in the 2nd quarter valued at $201,000. Institutional investors and hedge funds own 86.73% of the company’s stock.

About Etsy

Etsy, Inc operates Etsy.com, a commerce platform to make, sell, and buy goods online and offline primarily in the United States, United Kingdom, Canada, Australia, France, and Germany. It provides various seller services and tools that are designed to help entrepreneurs for starting, managing, and scaling their businesses.

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Analyst Recommendations for Etsy (NASDAQ:ETSY)

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