Etsy Inc (NYSE:ETSY) Receives Average Rating of “Moderate Buy” from Analysts

Etsy Inc (NYSE:ETSY) has received an average rating of “Moderate Buy” from the six ratings firms that are currently covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a hold rating, one has given a buy rating and two have given a strong buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $72.00.

A number of research firms recently issued reports on ETSY. Wall Street Zen raised Etsy from a “hold” rating to a “buy” rating in a report on Saturday, February 21st. Evercore downgraded shares of Etsy from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 30th. Zacks Research upgraded shares of Etsy from a “hold” rating to a “strong-buy” rating in a research report on Monday. BNP Paribas Exane raised shares of Etsy to a “hold” rating in a report on Monday, November 24th. Finally, Citigroup upgraded Etsy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 30th.

Etsy Stock Performance

Shares of NYSE ETSY opened at $53.29 on Thursday. The firm’s fifty day moving average is $55.66. Etsy has a 52-week low of $40.05 and a 52-week high of $76.51. The company has a market capitalization of $5.13 billion, a PE ratio of 40.68, a PEG ratio of 3.60 and a beta of 1.77.

Etsy (NYSE:ETSY) last announced its quarterly earnings results on Thursday, February 19th. The company reported $0.92 earnings per share (EPS) for the quarter, beating 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 firm 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.