BidaskClub cut shares of Etsy (NASDAQ:ETSY) from a buy rating to a hold rating in a research note released on Tuesday morning, BidAskClub reports.

Other analysts have also issued reports about the company. Zacks Investment Research upgraded Etsy from a sell rating to a hold rating in a report on Thursday, May 9th. TheStreet lowered Etsy from a b rating to a c+ rating in a report on Friday, May 24th. Roth Capital boosted their price target on Etsy from $72.00 to $76.00 and gave the company a buy rating in a report on Wednesday, May 1st. BTIG Research upped their target price on Etsy to $67.00 and gave the stock a buy rating in a report on Tuesday, February 26th. Finally, CIBC began coverage on Etsy in a report on Friday, March 29th. They set a market perform rating on the stock. Nine equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Etsy has a consensus rating of Buy and a consensus target price of $68.87.

Shares of Etsy stock opened at $67.18 on Tuesday. The stock has a market capitalization of $8.07 billion, a PE ratio of 110.13, a PEG ratio of 4.03 and a beta of 1.03. Etsy has a one year low of $32.32 and a one year high of $73.35. The company has a debt-to-equity ratio of 0.81, a quick ratio of 4.87 and a current ratio of 4.87.

Etsy (NASDAQ:ETSY) last issued its quarterly earnings results on Wednesday, May 8th. The specialty retailer reported $0.24 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.10. The company had revenue of $169.33 million for the quarter, compared to analyst estimates of $170.72 million. Etsy had a return on equity of 24.24% and a net margin of 14.74%. The company’s quarterly revenue was up 40.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.10 earnings per share. Analysts predict that Etsy will post 0.82 earnings per share for the current fiscal year.

In related news, CTO Michael T. Fisher sold 5,209 shares of the company’s stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $61.31, for a total transaction of $319,363.79. Following the sale, the chief technology officer now owns 32,435 shares in the company, valued at $1,988,589.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director M Michele Burns sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $71.35, for a total value of $713,500.00. Following the transaction, the director now directly owns 23,487 shares in the company, valued at approximately $1,675,797.45. The disclosure for this sale can be found here. Insiders have sold 80,016 shares of company stock worth $5,488,441 in the last quarter. 3.00% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in ETSY. Marshall Wace North America L.P. acquired a new position in shares of Etsy in the first quarter valued at approximately $995,000. Marshall Wace LLP grew its position in shares of Etsy by 23.3% in the first quarter. Marshall Wace LLP now owns 63,500 shares of the specialty retailer’s stock valued at $4,268,000 after purchasing an additional 12,001 shares during the last quarter. Rehmann Capital Advisory Group grew its position in shares of Etsy by 2,408.7% in the first quarter. Rehmann Capital Advisory Group now owns 1,731 shares of the specialty retailer’s stock valued at $116,000 after purchasing an additional 1,662 shares during the last quarter. GYL Financial Synergies LLC acquired a new position in shares of Etsy in the first quarter valued at approximately $838,000. Finally, Nordea Investment Management AB grew its position in shares of Etsy by 1.3% in the first quarter. Nordea Investment Management AB now owns 98,156 shares of the specialty retailer’s stock valued at $6,599,000 after purchasing an additional 1,235 shares during the last quarter. 95.59% of the stock is currently owned by hedge funds and other institutional investors.

Etsy Company Profile

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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