Etsy (NYSE:ETSY) Stock Price Down 4.8% – Should You Sell?

Etsy Inc (NYSE:ETSY) shares dropped 4.8% during mid-day trading on Monday . The stock traded as low as $54.43 and last traded at $55.04. Approximately 308,664 shares changed hands during trading, a decline of 91% from the average daily volume of 3,300,613 shares. The stock had previously closed at $57.82.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Wall Street Zen cut shares of Etsy from a “buy” rating to a “hold” rating in a research report on Saturday. Zacks Research cut Etsy from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 10th. Evercore lowered Etsy from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 30th. Weiss Ratings restated a “hold (c)” rating on shares of Etsy in a report on Monday, December 29th. Finally, Citigroup raised shares of Etsy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 30th. One analyst has rated the stock with a Strong Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, Etsy presently has a consensus rating of “Hold”.

Etsy Price Performance

The firm has a 50-day moving average price of $56.78. The firm has a market capitalization of $4.68 billion, a PE ratio of 33.39, a PEG ratio of 6.14 and a beta of 1.77.

Etsy Company Profile

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.