News articles about Etsy (NASDAQ:ETSY) have been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies negative and positive media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Etsy earned a news sentiment score of 0.22 on Accern’s scale. Accern also assigned media coverage about the specialty retailer an impact score of 45.7115004402225 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the news headlines that may have effected Accern Sentiment’s analysis:
- Vacillating Stocks: Etsy, Inc., (NASDAQ: ETSY), Altice USA, Inc., (NYSE: ATUS); – TNN (tradingnewsnow.com)
- Mind-boggling Stocks: Etsy, Inc., (NASDAQ: ETSY), RAIT Financial Trust, (NYSE: RAS) – Global Export Lines (press release) (globalexportlines.com)
- Technical Facts that Every Trader Should Know about Etsy, Inc. (ETSY) – Wall Street Morning (wallstreetmorning.com)
- Here's Why Etsy's Strong Growth Can Persist (finance.yahoo.com)
- Etsy Is On A Solid Growth Path – Seeking Alpha (seekingalpha.com)
A number of equities research analysts recently issued reports on the stock. KeyCorp reaffirmed an “overweight” rating and set a $33.00 price target (up previously from $28.00) on shares of Etsy in a research note on Wednesday, March 14th. Citigroup upped their price target on shares of Etsy from $17.50 to $25.50 and gave the company a “neutral” rating in a research note on Monday, March 5th. Stifel Nicolaus reaffirmed a “hold” rating and set a $24.00 price target (up previously from $18.00) on shares of Etsy in a research note on Wednesday, February 28th. DA Davidson upped their price target on shares of Etsy from $26.00 to $28.00 and gave the company a “buy” rating in a research note on Thursday, March 1st. Finally, Piper Jaffray Companies reaffirmed a “hold” rating and set a $23.00 price target on shares of Etsy in a research note on Thursday, March 1st. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $21.58.
In other news, Director Jonathan D. Klein sold 50,000 shares of the stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $21.31, for a total value of $1,065,500.00. The sale was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 4.00% of the company’s stock.
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Etsy Company Profile
Etsy, Inc (Etsy) operates a marketplace where people around the world connect, both online and offline, to make, sell and buy goods. The Company offers a range of seller services and tools that help entrepreneurs start, grow and manage their businesses. The Company’s community includes Etsy sellers, Etsy buyers, Etsy employees, its partners and investors.
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