Etsy (NYSE:ETSY) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Etsy (NYSE:ETSY) from a hold rating to a buy rating in a report published on Saturday.

Several other analysts have also recently issued reports on the stock. Citigroup raised shares of Etsy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 30th. BNP Paribas Exane upgraded shares of Etsy to a “hold” rating in a research note on Monday, November 24th. Evercore cut shares of Etsy from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 30th. Zacks Research lowered Etsy from a “strong-buy” rating to a “hold” rating in a report on Monday, November 10th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Etsy in a research note on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, Etsy has a consensus rating of “Moderate Buy” and an average target price of $72.00.

Etsy Stock Up 0.2%

Etsy stock opened at $52.28 on Friday. The firm has a market cap of $5.16 billion, a price-to-earnings ratio of 39.91, a PEG ratio of 4.65 and a beta of 1.77. Etsy has a one year low of $40.05 and a one year high of $76.51. The business’s 50 day moving average is $55.64.

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

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.