Etsy (NASDAQ:ETSY)‘s stock had its “hold” rating reiterated by research analysts at BTIG Research in a research report issued on Tuesday.

A number of other equities research analysts also recently weighed in on the stock. TheStreet upgraded shares of Etsy from a “c+” rating to a “b” rating in a research report on Monday, November 19th. Deutsche Bank started coverage on shares of Etsy in a research report on Tuesday, January 29th. They issued a “buy” rating and a $64.00 price target for the company. ValuEngine downgraded shares of Etsy from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 21st. Loop Capital set a $70.00 price target on shares of Etsy and gave the company a “buy” rating in a research report on Monday, December 17th. Finally, Citigroup started coverage on shares of Etsy in a research report on Friday, December 7th. They issued a “buy” rating and a $70.00 price target for the company. Six research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $66.29.

Shares of ETSY stock opened at $68.90 on Tuesday. The company has a debt-to-equity ratio of 0.84, a current ratio of 6.07 and a quick ratio of 6.07. The company has a market cap of $8.32 billion, a price-to-earnings ratio of 112.95, a P/E/G ratio of 7.41 and a beta of 1.04. Etsy has a 12-month low of $26.54 and a 12-month high of $73.35.

Etsy (NASDAQ:ETSY) last issued its quarterly earnings data on Monday, February 25th. The specialty retailer reported $0.32 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.06. The firm had revenue of $200.00 million during the quarter, compared to the consensus estimate of $194.77 million. Etsy had a net margin of 12.84% and a return on equity of 20.00%. The business’s revenue for the quarter was up 46.7% compared to the same quarter last year. During the same period last year, the business posted $0.36 earnings per share. On average, sell-side analysts anticipate that Etsy will post 0.69 EPS for the current fiscal year.

In related news, insider Michael T. Fisher sold 46,874 shares of Etsy stock in a transaction that occurred on Tuesday, February 26th. The shares were sold at an average price of $65.00, for a total value of $3,046,810.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Jonathan D. Klein sold 30,000 shares of Etsy stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $70.83, for a total transaction of $2,124,900.00. Following the completion of the transaction, the director now directly owns 109,265 shares in the company, valued at $7,739,239.95. The disclosure for this sale can be found here. Over the last quarter, insiders sold 131,050 shares of company stock valued at $8,761,823. 2.80% of the stock is owned by company insiders.

A number of large investors have recently made changes to their positions in ETSY. Cornerstone Advisors Inc. bought a new position in Etsy in the third quarter valued at approximately $29,000. Optimum Investment Advisors bought a new position in Etsy in the fourth quarter valued at approximately $33,000. Quantamental Technologies LLC bought a new position in Etsy in the fourth quarter valued at approximately $43,000. First Quadrant L P CA bought a new position in Etsy in the fourth quarter valued at approximately $45,000. Finally, NumerixS Investment Technologies Inc bought a new position in Etsy in the fourth quarter valued at approximately $76,000. 93.91% of the stock is currently owned by institutional investors and hedge funds.

About Etsy

Etsy, Inc operates Etsy.com, a commerce platform to make, sell, and buy goods online and offline primarily in the United States, United Kingdom, Canada, Australia, France, and Germany. It provides various seller services and tools that are designed to help entrepreneurs for starting, managing, and scaling their businesses.

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Analyst Recommendations for Etsy (NASDAQ:ETSY)

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