Etsy (NYSE:ETSY) Stock Rating Upgraded by Citigroup

Etsy (NYSE:ETSY) was upgraded by analysts at Citigroup from a “hold” rating to a “strong-buy” rating in a research note issued on Tuesday,Zacks.com reports.

ETSY has been the topic of several other reports. Wall Street Zen upgraded shares of Etsy from a “hold” rating to a “buy” rating in a report on Friday, November 28th. BNP Paribas upgraded Etsy to a “hold” rating in a report on Monday, November 24th. Weiss Ratings reissued a “hold (c)” rating on shares of Etsy in a research report on Monday. Zacks Research cut shares of Etsy from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 10th. Finally, Evercore ISI lowered shares of Etsy from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 30th. One research analyst has rated the stock with a Strong Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold”.

Etsy Stock Performance

ETSY stock opened at $55.32 on Tuesday. The company has a market capitalization of $5.46 billion, a P/E ratio of 38.96, a P/E/G ratio of 7.23 and a beta of 1.76. Etsy has a 1 year low of $40.05 and a 1 year high of $76.51.

About Etsy

Etsy, Inc operates two-sided online marketplaces that connect buyers and sellers primarily in the United States, the United Kingdom, Germany, Canada, Australia, France, and India. Its primary marketplace is Etsy.com that connects artisans and entrepreneurs with various consumers. The company also offers Reverb, a musical instrument marketplace; Depop, a fashion resale marketplace; and Elo7, a Brazil-based marketplace for handmade and unique items. In addition, it offers various seller services, including Etsy Payments, a payment processing service; Etsy Ads, an advertising platform; and Shipping Labels, which allows sellers in the United States, Canada, the United Kingdom, Australia, and India to purchase discounted shipping labels.