Etsy Inc (NASDAQ:ETSY) has received a consensus recommendation of “Buy” from the twenty ratings firms that are presently covering the stock, Marketbeat Ratings reports. Nine analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $70.00.

A number of equities analysts have commented on ETSY shares. BidaskClub lowered shares of Etsy from a “buy” rating to a “hold” rating in a report on Monday, February 4th. Deutsche Bank started coverage on shares of Etsy in a report on Tuesday, January 29th. They issued a “buy” rating and a $64.00 price objective on the stock. Roth Capital boosted their price objective on shares of Etsy from $72.00 to $76.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. ValuEngine upgraded shares of Etsy from a “buy” rating to a “strong-buy” rating in a report on Saturday, January 19th. Finally, DA Davidson boosted their price objective on shares of Etsy to $71.00 and gave the stock a “buy” rating in a report on Tuesday, February 26th.

In related news, insider Michael T. Fisher sold 2,604 shares of Etsy stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $69.36, for a total transaction of $180,613.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Michael T. Fisher sold 46,874 shares of Etsy stock in a transaction dated Tuesday, February 26th. The shares were sold at an average price of $65.00, for a total transaction of $3,046,810.00. The disclosure for this sale can be found here. Insiders have sold a total of 184,285 shares of company stock valued at $12,638,801 over the last three months. 3.00% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Freestone Capital Holdings LLC bought a new position in shares of Etsy in the first quarter worth about $13,445,000. Quadrant Capital Group LLC bought a new position in shares of Etsy in the first quarter worth about $30,000. Institutional & Family Asset Management LLC raised its stake in shares of Etsy by 267.7% in the first quarter. Institutional & Family Asset Management LLC now owns 467 shares of the specialty retailer’s stock worth $31,000 after acquiring an additional 340 shares during the last quarter. Rockefeller Capital Management L.P. bought a new position in shares of Etsy in the first quarter worth about $33,000. Finally, Optimum Investment Advisors bought a new position in shares of Etsy in the fourth quarter worth about $33,000. 93.69% of the stock is owned by institutional investors.

Etsy stock traded up $5.15 during trading on Thursday, reaching $63.97. 972,432 shares of the company’s stock were exchanged, compared to its average volume of 2,771,323. The company has a current ratio of 4.87, a quick ratio of 4.87 and a debt-to-equity ratio of 0.81. Etsy has a 52-week low of $28.60 and a 52-week high of $73.35. The stock has a market cap of $7.54 billion, a price-to-earnings ratio of 104.87, a price-to-earnings-growth ratio of 3.61 and a beta of 0.98.

Etsy (NASDAQ:ETSY) last issued its quarterly earnings data on Wednesday, May 8th. The specialty retailer reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.10. Etsy had a net margin of 14.74% and a return on equity of 24.24%. The firm had revenue of $169.33 million for the quarter, compared to analyst estimates of $170.72 million. During the same quarter in the previous year, the business posted $0.10 EPS. The firm’s revenue was up 40.0% compared to the same quarter last year. Analysts forecast that Etsy will post 0.82 earnings per share for the current year.

Etsy Company Profile

Etsy, Inc operates Etsy.com, a commerce platform to make, sell, and buy goods online and offline primarily in the United States, United Kingdom, Canada, Australia, France, and Germany. It provides various seller services and tools that are designed to help entrepreneurs for starting, managing, and scaling their businesses.

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Analyst Recommendations for Etsy (NASDAQ:ETSY)

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