Etsy Inc (NYSE:ETSY) Given Consensus Rating of “Hold” by Analysts

Shares of Etsy Inc (NYSE:ETSY) have been assigned an average rating of “Hold” from the thirty-two ratings firms that are covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, twenty have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $70.8750.

Several research firms have recently issued reports on ETSY. Citigroup initiated coverage on shares of Etsy in a report on Thursday, May 21st. They set an “outperform” rating on the stock. Cantor Fitzgerald increased their target price on shares of Etsy from $51.00 to $59.00 and gave the company a “neutral” rating in a research note on Tuesday, April 21st. Barclays boosted their price target on Etsy from $72.00 to $82.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Deutsche Bank Aktiengesellschaft upped their price target on Etsy from $74.00 to $75.00 and gave the company a “hold” rating in a report on Thursday, April 30th. Finally, Wall Street Zen lowered Etsy from a “buy” rating to a “hold” rating in a report on Sunday, May 31st.

Insider Buying and Selling at Etsy

In other Etsy news, insider Josh Silverman sold 134,730 shares of Etsy stock in a transaction on Monday, June 1st. The shares were sold at an average price of $68.89, for a total transaction of $9,281,549.70. Following the sale, the insider owned 130,694 shares in the company, valued at $9,003,509.66. The trade was a 50.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Frederick R. Wilson sold 20,000 shares of the stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $61.63, for a total transaction of $1,232,600.00. Following the completion of the transaction, the director owned 481,329 shares of the company’s stock, valued at approximately $29,664,306.27. This represents a 3.99% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 451,509 shares of company stock valued at $29,518,662. 2.50% of the stock is owned by company insiders.

Institutional Investors Weigh In On Etsy

Several large investors have recently modified their holdings of ETSY. EFG International AG acquired a new stake in Etsy in the 4th quarter valued at $33,000. Abich Financial Wealth Management LLC acquired a new position in Etsy during the third quarter worth $51,000. Danske Bank A S bought a new position in shares of Etsy during the third quarter valued at $66,000. Federation des caisses Desjardins du Quebec lifted its holdings in shares of Etsy by 22.8% during the fourth quarter. Federation des caisses Desjardins du Quebec now owns 1,210 shares of the company’s stock valued at $67,000 after acquiring an additional 225 shares during the period. Finally, Blue Trust Inc. boosted its stake in shares of Etsy by 19.3% in the 1st quarter. Blue Trust Inc. now owns 1,238 shares of the company’s stock valued at $62,000 after purchasing an additional 200 shares in the last quarter. 99.53% of the stock is currently owned by institutional investors.

Etsy Stock Up 1.1%

Shares of NYSE ETSY opened at $69.51 on Wednesday. The business’s 50 day moving average is $60.86 and its two-hundred day moving average is $56.82. The company has a market cap of $6.60 billion, a P/E ratio of 28.90, a P/E/G ratio of 2.84 and a beta of 1.88. Etsy has a 12 month low of $44.00 and a 12 month high of $76.51.

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.