Etsy Inc (NYSE:ETSY) Receives Average Recommendation of “Moderate Buy” from Brokerages

Etsy Inc (NYSE:ETSY) has received a consensus recommendation of “Moderate Buy” from the six analysts that are covering the stock, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and two have issued a strong buy recommendation on the company.

ETSY has been the subject of several analyst reports. Barclays upgraded Etsy from a “hold” rating to a “strong-buy” rating in a research note on Thursday. BNP Paribas Exane upgraded shares of Etsy to a “hold” rating in a report on Monday, November 24th. Evercore lowered Etsy from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 30th. Zacks Research downgraded shares of Etsy from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 10th. Finally, Citigroup raised shares of Etsy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 30th.

Etsy Trading Up 8.6%

Shares of NYSE ETSY opened at $52.30 on Thursday. The business’s 50-day moving average price is $55.66. The stock has a market capitalization of $5.16 billion, a P/E ratio of 39.92, a PEG ratio of 6.03 and a beta of 1.77. Etsy has a 12 month low of $40.05 and a 12 month high of $76.51.

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

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.