Etsy Inc. (NASDAQ:ETSY) has received a consensus rating of “Hold” from the fourteen research firms that are presently covering the firm. One analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $15.81.

ETSY has been the topic of a number of recent research reports. Morgan Stanley dropped their price target on shares of Etsy from $11.50 to $9.00 and set an “equal weight” rating on the stock in a research note on Wednesday, August 3rd. Zacks Investment Research cut shares of Etsy from a “buy” rating to a “hold” rating in a research note on Tuesday, October 4th. TheStreet cut shares of Etsy from a “hold” rating to a “sell” rating in a research note on Friday, November 4th. Citigroup Inc. upped their price target on shares of Etsy from $16.00 to $20.00 and gave the company a “buy” rating in a research note on Friday, October 7th. Finally, Goldman Sachs Group Inc. upped their price target on shares of Etsy from $11.00 to $14.00 and gave the company a “neutral” rating in a research note on Wednesday, August 3rd.

In related news, Director Frederick R. Wilson sold 146,697 shares of the stock in a transaction on Friday, November 11th. The shares were sold at an average price of $11.48, for a total transaction of $1,684,081.56. Following the transaction, the director now owns 822,062 shares of the company’s stock, valued at approximately $9,437,271.76. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider John Allspaw sold 36,532 shares of the stock in a transaction on Wednesday, September 21st. The shares were sold at an average price of $15.00, for a total transaction of $547,980.00. Following the transaction, the insider now directly owns 39,928 shares in the company, valued at approximately $598,920. The disclosure for this sale can be found here. 11.10% of the stock is currently owned by insiders.

Institutional investors have recently added to or reduced their stakes in the stock. Boston Private Wealth LLC raised its position in Etsy by 0.3% in the second quarter. Boston Private Wealth LLC now owns 24,544 shares of the company’s stock valued at $235,000 after buying an additional 75 shares in the last quarter. Penserra Capital Management LLC raised its position in Etsy by 1.2% in the third quarter. Penserra Capital Management LLC now owns 9,262 shares of the company’s stock valued at $132,000 after buying an additional 110 shares in the last quarter. Cipher Capital LP raised its position in Etsy by 8.0% in the second quarter. Cipher Capital LP now owns 18,056 shares of the company’s stock valued at $173,000 after buying an additional 1,333 shares in the last quarter. TD Asset Management Inc. raised its position in Etsy by 9.9% in the second quarter. TD Asset Management Inc. now owns 18,800 shares of the company’s stock valued at $180,000 after buying an additional 1,700 shares in the last quarter. Finally, California State Teachers Retirement System raised its position in Etsy by 1.0% in the third quarter. California State Teachers Retirement System now owns 222,296 shares of the company’s stock valued at $3,174,000 after buying an additional 2,100 shares in the last quarter. 56.48% of the stock is currently owned by institutional investors.

Etsy (NASDAQ:ETSY) traded up 1.12% during mid-day trading on Friday, hitting $12.60. 651,806 shares of the company’s stock were exchanged. The stock’s market cap is $1.40 billion. Etsy has a 12 month low of $6.04 and a 12 month high of $16.05. The stock’s 50 day moving average price is $13.44 and its 200-day moving average price is $11.73.

Etsy (NASDAQ:ETSY) last announced its quarterly earnings results on Tuesday, November 1st. The company reported ($0.02) EPS for the quarter, meeting the Zacks’ consensus estimate of ($0.02). The company had revenue of $87.56 million for the quarter, compared to analysts’ expectations of $86.79 million. Etsy had a negative net margin of 3.72% and a negative return on equity of 1.69%. Etsy’s revenue was up 33.3% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.06) EPS. Equities analysts expect that Etsy will post ($0.05) EPS for the current fiscal year.

Etsy Company Profile

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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