BidaskClub upgraded shares of Etsy, Inc. (NASDAQ:ETSY) from a hold rating to a buy rating in a research note issued to investors on Saturday morning.

ETSY has been the topic of several other research reports. Zacks Investment Research cut shares of Etsy from a hold rating to a sell rating in a report on Monday, May 1st. TheStreet upgraded shares of Etsy from a d rating to a c- rating in a report on Wednesday, May 24th. Maxim Group set a $17.00 price target on shares of Etsy and gave the company a buy rating in a report on Wednesday, June 21st. Loop Capital reiterated a buy rating and issued a $13.00 price target (down previously from $16.00) on shares of Etsy in a report on Wednesday, May 3rd. Finally, Stifel Nicolaus reiterated a hold rating and issued a $13.00 price target on shares of Etsy in a report on Friday, June 23rd. Ten analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Etsy presently has a consensus rating of Hold and an average target price of $14.62.

Shares of Etsy (NASDAQ:ETSY) opened at 15.83 on Friday. Etsy has a 12-month low of $9.41 and a 12-month high of $16.69. The firm has a 50-day moving average of $15.12 and a 200 day moving average of $12.82. The firm’s market capitalization is $1.76 billion.

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

ILLEGAL ACTIVITY WARNING: “Etsy, Inc. (ETSY) Upgraded at BidaskClub” was originally reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this piece on another domain, it was illegally stolen and republished in violation of US and international copyright legislation. The original version of this piece can be accessed at https://www.thecerbatgem.com/2017/08/29/etsy-inc-etsy-upgraded-at-bidaskclub.html.

In other Etsy news, CEO Josh Silverman bought 64,000 shares of the company’s stock in a transaction dated Tuesday, August 8th. The shares were purchased at an average price of $15.67 per share, for a total transaction of $1,002,880.00. Following the acquisition, the chief executive officer now owns 64,000 shares in the company, valued at approximately $1,002,880. The purchase was disclosed in a filing with the SEC, which is available at this link. Insiders own 4.00% of the company’s stock.

Several hedge funds have recently made changes to their positions in ETSY. Ameritas Investment Partners Inc. boosted its stake in shares of Etsy by 12.0% in the second quarter. Ameritas Investment Partners Inc. now owns 10,160 shares of the specialty retailer’s stock worth $152,000 after buying an additional 1,092 shares during the period. Principal Financial Group Inc. boosted its stake 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 during the period. Amalgamated Bank boosted its stake in shares of Etsy by 14.9% in the second quarter. Amalgamated Bank now owns 14,788 shares of the specialty retailer’s stock worth $222,000 after buying an additional 1,920 shares during the period. Royal Bank of Canada boosted its stake in shares of Etsy by 30.3% in the second quarter. Royal Bank of Canada now owns 8,812 shares of the specialty retailer’s stock worth $133,000 after buying an additional 2,049 shares during the period. Finally, UBS Group AG boosted its stake 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 during the period. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Etsy Company Profile

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)

Receive News & Stock Ratings for Etsy Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Etsy Inc. and related stocks with our FREE daily email newsletter.