Etsy (NYSE:ETSY) Raised to “Strong-Buy” at Barclays

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

ETSY has been the subject of several other reports. Weiss Ratings restated a “hold (c)” rating on shares of Etsy in a research note on Monday, December 29th. Zacks Research cut shares of Etsy from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 10th. Citigroup upgraded Etsy from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 30th. Wall Street Zen upgraded Etsy from a “hold” rating to a “buy” rating in a research note on Saturday. Finally, BNP Paribas Exane raised Etsy to a “hold” rating in a report on Monday, November 24th. Two equities research analysts have rated the stock with a Strong Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, Etsy currently has an average rating of “Moderate Buy”.

Etsy Price Performance

Shares of NYSE ETSY opened at $52.30 on Thursday. Etsy has a 1-year low of $40.05 and a 1-year high of $76.51. The stock has a market capitalization of $5.16 billion, a P/E ratio of 39.92, a price-to-earnings-growth ratio of 5.56 and a beta of 1.77. The stock has a 50-day moving average of $55.66.

Etsy (NYSE:ETSY) last released its quarterly earnings results on Thursday, February 19th. The company reported $0.92 EPS for the quarter, topping the consensus estimate of $0.88 by $0.04. The firm had revenue of $881.64 million for the quarter. Etsy had a negative return on equity of 24.94% and a net margin of 5.65%.

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.