Shares of Etsy Inc. (NASDAQ:ETSY) have earned an average recommendation of “Hold” from the fifteen ratings firms that are covering the firm. One equities research analyst has rated the stock with a sell recommendation, nine have issued a hold recommendation and five have given a buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $14.93.

ETSY has been the subject of several recent analyst reports. Vetr lowered shares of Etsy from a “strong-buy” rating to a “buy” rating and set a $12.44 price target for the company. in a report on Monday, August 1st. Citigroup Inc. initiated coverage on shares of Etsy in a report on Monday, August 1st. They issued a “buy” rating and a $14.00 price target for the company. Maxim Group boosted their price target on shares of Etsy from $12.00 to $15.00 and gave the stock a “buy” rating in a report on Wednesday, August 3rd. Zacks Investment Research raised shares of Etsy from a “hold” rating to a “buy” rating and set a $15.00 price target for the company in a report on Friday, August 5th. Finally, Monness Crespi & Hardt raised shares of Etsy from a “neutral” rating to a “buy” rating and set a $17.00 price target for the company in a report on Wednesday, September 21st.

In other news, insider John Allspaw sold 63,468 shares of the business’s stock in a transaction dated Tuesday, August 2nd. The shares were sold at an average price of $12.50, for a total transaction of $793,350.00. Following the transaction, the insider now owns 66,864 shares of the company’s stock, valued at approximately $835,800. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Kristina Salen sold 20,000 shares of the business’s stock in a transaction dated Monday, October 3rd. The shares were sold at an average price of $15.00, for a total transaction of $300,000.00. Following the transaction, the chief financial officer now directly owns 4,706 shares in the company, valued at approximately $70,590. The disclosure for this sale can be found here. Insiders own 11.10% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in ETSY. BlackRock Fund Advisors boosted its position in Etsy by 401.1% in the second quarter. BlackRock Fund Advisors now owns 2,462,098 shares of the company’s stock worth $23,612,000 after buying an additional 1,970,739 shares during the last quarter. Vanguard Group Inc. boosted its position in Etsy by 28.7% in the second quarter. Vanguard Group Inc. now owns 5,425,487 shares of the company’s stock worth $52,031,000 after buying an additional 1,210,862 shares during the last quarter. State Street Corp boosted its position in Etsy by 416.3% in the second quarter. State Street Corp now owns 1,496,378 shares of the company’s stock worth $14,350,000 after buying an additional 1,206,570 shares during the last quarter. Lord Abbett & CO. LLC boosted its position in Etsy by 396.8% in the second quarter. Lord Abbett & CO. LLC now owns 1,327,915 shares of the company’s stock worth $12,735,000 after buying an additional 1,060,646 shares during the last quarter. Finally, BlackRock Institutional Trust Company N.A. boosted its position in Etsy by 206.9% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 1,307,356 shares of the company’s stock worth $12,538,000 after buying an additional 881,323 shares during the last quarter. 58.14% of the stock is currently owned by hedge funds and other institutional investors.

Etsy (NASDAQ:ETSY) opened at 14.39 on Friday. The firm’s 50-day moving average is $14.41 and its 200 day moving average is $11.17. Etsy has a 52-week low of $6.04 and a 52-week high of $16.05. The company’s market cap is $1.60 billion.

Etsy (NASDAQ:ETSY) last posted its earnings results on Tuesday, August 2nd. The company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of ($0.01) by $0.05. The firm had revenue of $85.35 million for the quarter, compared to analysts’ expectations of $80.55 million. Etsy had a negative net margin of 5.37% and a negative return on equity of 3.08%. Etsy’s revenue for the quarter was up 38.9% compared to the same quarter last year. During the same period last year, the firm earned ($0.07) earnings per share. On average, equities research analysts predict that Etsy will post ($0.06) EPS for the current fiscal year.

About Etsy

Etsy, Inc (Etsy) operates a marketplace to connect people around the both online and offline for making, selling and buying goods. The Company’s geographical segments include United States and International. The Company’s community includes Etsy sellers, Etsy buyers, wholesale partners, manufacturers and Etsy employees.

5 Day Chart for NASDAQ:ETSY

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