Piper Jaffray Companies reaffirmed their neutral rating on shares of Etsy, Inc. (NASDAQ:ETSY) in a report released on Wednesday. They currently have a $14.50 price objective on the specialty retailer’s stock.

A number of other research analysts have also recently issued reports on the company. Zacks Investment Research raised Etsy from a hold rating to a buy rating and set a $20.00 price objective on the stock in a research note on Friday, September 15th. DA Davidson assumed coverage on Etsy in a research note on Wednesday, September 6th. They set a buy rating and a $18.00 price objective on the stock. BidaskClub raised Etsy from a hold rating to a buy rating in a research note on Saturday, August 26th. Ifs Securities reaffirmed an outperform rating and set a $18.00 price objective on shares of Etsy in a research note on Thursday, August 24th. Finally, Stifel Nicolaus raised their price objective on Etsy from $13.00 to $15.00 and gave the company a hold rating in a research note on Friday, August 4th. Ten investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company presently has an average rating of Hold and a consensus target price of $15.00.

Etsy (NASDAQ:ETSY) traded down 0.18% during midday trading on Wednesday, hitting $16.52. The company’s stock had a trading volume of 1,501,722 shares. Etsy has a 52-week low of $9.41 and a 52-week high of $17.90. The company’s market cap is $1.83 billion. The stock has a 50 day moving average of $16.61 and a 200 day moving average of $13.87.

Etsy (NASDAQ:ETSY) last announced its quarterly earnings data on Thursday, August 3rd. The specialty retailer reported $0.10 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.04 by $0.06. Etsy had a positive return on equity of 3.83% and a negative net margin of 3.16%. The firm had revenue of $101.70 million for the quarter, compared to analysts’ expectations of $101.14 million. During the same period last year, the firm earned ($0.06) earnings per share. The company’s revenue for the quarter was up 19.2% compared to the same quarter last year. On average, equities analysts expect that Etsy will post $0.27 EPS for the current year.

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In other Etsy news, CEO Josh Silverman bought 64,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 8th. The shares were bought at an average cost of $15.67 per share, with a total value of $1,002,880.00. Following the completion of the purchase, the chief executive officer now directly owns 64,000 shares of the company’s stock, valued at $1,002,880. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 4.00% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently modified their holdings of ETSY. Janus Henderson Group PLC purchased a new stake in Etsy in the second quarter worth about $95,291,000. TPG Group Holdings SBS Advisors Inc. lifted its holdings in Etsy by 2,287.5% in the second quarter. TPG Group Holdings SBS Advisors Inc. now owns 5,003,888 shares of the specialty retailer’s stock worth $75,058,000 after buying an additional 4,794,297 shares during the period. Dragoneer Investment Group LLC purchased a new stake in Etsy in the first quarter worth about $24,331,000. Janus Capital Management LLC lifted its holdings 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 worth $66,140,000 after buying an additional 1,726,152 shares during the period. Finally, Southpoint Capital Advisors LP purchased a new stake in Etsy in the second quarter worth about $16,650,000. Institutional investors and hedge funds own 73.03% 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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