Etsy, Inc. (NASDAQ:ETSY) Given Consensus Rating of “Hold” by Analysts

Shares of Etsy, Inc. (NASDAQ:ETSY) have earned a consensus rating of “Hold” from the twenty-five analysts that are presently covering the company, Marketbeat reports. Four investment analysts have rated the stock with a sell rating, nine have given a hold rating and twelve have assigned a buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $79.88.

A number of equities analysts recently commented on the stock. Oppenheimer lowered their target price on shares of Etsy from $95.00 to $80.00 and set an “outperform” rating for the company in a research note on Monday, April 29th. BTIG Research dropped their price objective on Etsy from $87.00 to $78.00 and set a “buy” rating on the stock in a report on Thursday, May 2nd. Loop Capital cut Etsy from a “hold” rating to a “sell” rating and decreased their target price for the stock from $70.00 to $50.00 in a research note on Thursday, May 2nd. B. Riley cut their price objective on shares of Etsy from $91.00 to $83.00 and set a “buy” rating on the stock in a report on Thursday, May 2nd. Finally, Barclays lowered their target price on shares of Etsy from $67.00 to $60.00 and set an “equal weight” rating for the company in a report on Thursday, May 2nd.

Etsy Trading Up 2.2 %

NASDAQ:ETSY opened at $58.26 on Wednesday. The company has a market cap of $6.81 billion, a P/E ratio of 26.60, a P/E/G ratio of 4.81 and a beta of 2.02. Etsy has a twelve month low of $56.60 and a twelve month high of $102.81. The company’s 50-day moving average price is $62.54 and its 200-day moving average price is $68.84.

Etsy (NASDAQ:ETSY) last issued its quarterly earnings data on Wednesday, May 1st. The specialty retailer reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.01). Etsy had a net margin of 10.75% and a negative return on equity of 67.27%. The company had revenue of $646.00 million during the quarter, compared to analysts’ expectations of $646.30 million. During the same quarter last year, the firm posted $0.53 earnings per share. The firm’s quarterly revenue was up .8% on a year-over-year basis. On average, analysts expect that Etsy will post 2.49 earnings per share for the current year.

Insider Transactions at Etsy

In other Etsy news, insider Toni Thompson Nadal sold 1,444 shares of Etsy stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $65.68, for a total value of $94,841.92. Following the sale, the insider now owns 592 shares of the company’s stock, valued at approximately $38,882.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.60% of the company’s stock.

Institutional Investors Weigh In On Etsy

Institutional investors have recently made changes to their positions in the stock. CVA Family Office LLC purchased a new stake in Etsy during the fourth quarter worth about $27,000. Sunbelt Securities Inc. raised its holdings in Etsy by 3,900.0% during the first quarter. Sunbelt Securities Inc. now owns 440 shares of the specialty retailer’s stock worth $30,000 after purchasing an additional 429 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in Etsy by 402.2% during the fourth quarter. EverSource Wealth Advisors LLC now owns 447 shares of the specialty retailer’s stock worth $36,000 after purchasing an additional 358 shares in the last quarter. Larson Financial Group LLC grew its holdings in Etsy by 1,576.5% in the first quarter. Larson Financial Group LLC now owns 570 shares of the specialty retailer’s stock valued at $39,000 after purchasing an additional 536 shares during the last quarter. Finally, Tompkins Financial Corp purchased a new position in shares of Etsy in the fourth quarter valued at $41,000. 99.53% of the stock is currently owned by hedge funds and other institutional investors.

Etsy Company Profile

Etsy, Inc, together with its subsidiaries, operates two-sided online marketplaces that connect buyers and sellers in the United States, the United Kingdom, Germany, Canada, Australia, and France. 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.