Etsy (NYSE:ETSY) Upgraded by Zacks Research to Strong-Buy Rating

Etsy (NYSE:ETSY) was upgraded by stock analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a note issued to investors on Monday,Zacks.com reports.

ETSY has been the topic of several other reports. Weiss Ratings restated a “hold (c)” rating on shares of Etsy in a research report on Monday, December 29th. Barclays upgraded Etsy from an “equal weight” rating to an “overweight” rating and set a $72.00 price target for the company in a research note on Thursday, February 19th. Wall Street Zen raised Etsy from a “hold” rating to a “buy” rating in a report on Saturday. BNP Paribas Exane raised Etsy to a “hold” rating in a research note on Monday, November 24th. Finally, Evercore cut Etsy from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 30th. Two analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $72.00.

Etsy Trading Up 3.8%

ETSY stock opened at $54.38 on Monday. The company’s 50-day moving average is $55.65. The stock has a market cap of $5.23 billion, a PE ratio of 41.51, a P/E/G ratio of 3.64 and a beta of 1.77. Etsy has a twelve month low of $40.05 and a twelve month high of $76.51.

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

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.