Etsy Inc (NYSE:ETSY) Receives Average Rating of “Hold” from Brokerages

Etsy Inc (NYSE:ETSY) has earned a consensus recommendation of “Hold” from the five brokerages that are presently covering the firm, MarketBeat reports. Four analysts have rated the stock with a hold recommendation and one has assigned a strong buy recommendation to the company.

Several equities analysts recently issued reports on the company. Zacks Research cut Etsy from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 10th. Citigroup raised Etsy from a “hold” rating to a “strong-buy” rating in a report on Tuesday. Evercore ISI cut Etsy from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 30th. Wall Street Zen upgraded shares of Etsy from a “hold” rating to a “buy” rating in a research report on Friday, November 28th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Etsy in a research report on Monday.

Etsy Price Performance

Shares of NYSE:ETSY opened at $55.32 on Wednesday. Etsy has a one year low of $40.05 and a one year high of $76.51. The stock has a market capitalization of $5.46 billion, a PE ratio of 38.96, a price-to-earnings-growth ratio of 7.23 and a beta of 1.76.

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.