Etsy, Inc. (NASDAQ:ETSY)‘s stock had its “neutral” rating restated by analysts at Piper Jaffray Companies in a research note issued on Wednesday. They presently have a $14.50 price target on the specialty retailer’s stock. Piper Jaffray Companies’ target price suggests a potential downside of 12.39% from the stock’s previous close.

Other equities research analysts have also recently issued research reports about the stock. Zacks Investment Research raised shares of Etsy from a “hold” rating to a “buy” rating and set a $20.00 target price for the company in a research report on Friday, September 15th. Stifel Nicolaus reaffirmed a “hold” rating and set a $13.00 price target on shares of Etsy in a research report on Friday, June 23rd. Royal Bank Of Canada lifted their price objective on shares of Etsy from $12.00 to $16.00 and gave the stock a “sector perform” rating in a research note on Friday, August 4th. BidaskClub cut shares of Etsy from a “buy” rating to a “hold” rating in a research note on Wednesday, August 2nd. Finally, Roth Capital set a $14.00 price objective on shares of Etsy and gave the company a “hold” rating in a report on Monday, July 31st. Ten investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Etsy currently has a consensus rating of “Hold” and an average price target of $15.00.

Etsy (NASDAQ:ETSY) traded down 2.82% during midday trading on Wednesday, reaching $16.55. The company’s stock had a trading volume of 1,329,844 shares. Etsy has a 52 week low of $9.41 and a 52 week high of $17.90. The firm has a 50 day moving average price of $16.58 and a 200-day moving average price of $13.85. The firm’s market cap is $1.84 billion.

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

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In other news, CEO Josh Silverman acquired 64,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 8th. The shares were acquired 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 approximately $1,002,880. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 4.00% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. FNY Managed Accounts LLC acquired a new stake in shares of Etsy in the 1st quarter valued at $105,000. UBS Group AG boosted its stake in Etsy by 30.7% in the first quarter. UBS Group AG now owns 10,091 shares of the specialty retailer’s stock valued at $108,000 after buying an additional 2,373 shares in the last quarter. Royal Bank of Canada boosted its stake in Etsy by 30.3% in the second quarter. Royal Bank of Canada now owns 8,812 shares of the specialty retailer’s stock valued at $133,000 after buying an additional 2,049 shares in the last quarter. Ameritas Investment Partners Inc. boosted its stake in Etsy by 12.0% in the second quarter. Ameritas Investment Partners Inc. now owns 10,160 shares of the specialty retailer’s stock valued at $152,000 after buying an additional 1,092 shares in the last quarter. Finally, Marathon Trading Investment Management LLC acquired a new stake in Etsy in the first quarter valued at about $174,000. Hedge funds and other institutional investors own 73.03% 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)

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