Shares of Etsy, Inc. (NASDAQ:ETSY) have earned an average recommendation of “Hold” from the fourteen research firms that are presently covering the company, MarketBeat.com reports. Eleven research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $14.20.

A number of brokerages recently issued reports on ETSY. BidaskClub upgraded shares of Etsy from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, June 27th. Stifel Nicolaus restated a “hold” rating and set a $13.00 target price on shares of Etsy in a research report on Friday, June 23rd. Royal Bank Of Canada restated a “hold” rating and set a $12.00 target price on shares of Etsy in a research report on Friday, June 30th. Zacks Investment Research upgraded shares of Etsy from a “hold” rating to a “buy” rating and set a $17.00 target price on the stock in a research report on Tuesday, July 4th. Finally, Roth Capital set a $14.00 price target on shares of Etsy and gave the company a “hold” rating in a report on Thursday, June 22nd.

Etsy (NASDAQ:ETSY) traded up 1.47% during mid-day trading on Friday, hitting $15.85. 2,734,028 shares of the stock traded hands. The stock’s 50 day moving average is $14.68 and its 200-day moving average is $12.49. The company’s market cap is $1.76 billion. Etsy has a 12 month low of $9.41 and a 12 month high of $16.05.

Etsy (NASDAQ:ETSY) last announced its earnings results on Thursday, August 3rd. The specialty retailer reported $0.10 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.04 by $0.06. Etsy had a negative net margin of 3.16% and a positive return on equity of 3.77%. The firm had revenue of $101.70 million for the quarter, compared to analyst estimates of $101.14 million. During the same quarter last year, the business earned ($0.06) earnings per share. Etsy’s revenue was up 19.2% compared to the same quarter last year. On average, equities research analysts anticipate that Etsy will post $0.28 EPS for the current year.

Several institutional investors have recently made changes to their positions in ETSY. FNY Managed Accounts LLC acquired a new position in shares of Etsy during the first quarter worth approximately $105,000. UBS Group AG increased its position in shares of Etsy by 30.7% in the first quarter. UBS Group AG now owns 10,091 shares of the specialty retailer’s stock worth $108,000 after buying an additional 2,373 shares in the last quarter. Creative Planning increased its position in shares of Etsy by 77.4% in the first quarter. Creative Planning now owns 12,053 shares of the specialty retailer’s stock worth $128,000 after buying an additional 5,258 shares in the last quarter. Marathon Trading Investment Management LLC acquired a new position in shares of Etsy during the first quarter worth approximately $174,000. Finally, Principal Financial Group Inc. increased its position in shares of Etsy by 9.0% in the second quarter. Principal Financial Group Inc. now owns 16,099 shares of the specialty retailer’s stock worth $241,000 after buying an additional 1,330 shares in the last quarter. Institutional investors own 69.59% of the company’s stock.

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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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