Etsy, Inc. (NASDAQ:ETSY) Receives Consensus Rating of “Buy” from Analysts

Shares of Etsy, Inc. (NASDAQ:ETSY) have been given a consensus recommendation of “Buy” by the twenty-four research firms that are presently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, four have given a hold rating and seventeen have issued a buy rating on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $252.04.

Several equities analysts have weighed in on the stock. Loop Capital lifted their price objective on shares of Etsy from $220.00 to $245.00 and gave the stock a “buy” rating in a research report on Tuesday, September 28th. Guggenheim lowered their price objective on shares of Etsy from $330.00 to $285.00 and set a “buy” rating on the stock in a research report on Friday, January 7th. Jefferies Financial Group lifted their price objective on shares of Etsy from $265.00 to $275.00 and gave the stock a “buy” rating in a research report on Thursday, November 4th. Truist lifted their price objective on shares of Etsy from $215.00 to $274.00 and gave the stock a “buy” rating in a research report on Thursday, November 4th. Finally, UBS Group assumed coverage on shares of Etsy in a research report on Thursday, December 2nd. They set a “sell” rating and a $215.00 price objective on the stock.

In other Etsy news, CEO Josh Silverman sold 38,000 shares of the business’s stock in a transaction on Friday, November 26th. The shares were sold at an average price of $295.22, for a total transaction of $11,218,360.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Goyal Kruti Patel sold 1,492 shares of the business’s stock in a transaction on Monday, October 18th. The stock was sold at an average price of $225.00, for a total transaction of $335,700.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 264,153 shares of company stock valued at $66,520,760. Company insiders own 3.80% of the company’s stock.

Several large investors have recently bought and sold shares of the company. Cetera Advisor Networks LLC increased its holdings in shares of Etsy by 1.2% during the 3rd quarter. Cetera Advisor Networks LLC now owns 3,288 shares of the specialty retailer’s stock worth $684,000 after purchasing an additional 38 shares during the period. First Foundation Advisors increased its holdings in shares of Etsy by 3.4% during the 3rd quarter. First Foundation Advisors now owns 1,263 shares of the specialty retailer’s stock worth $263,000 after purchasing an additional 41 shares during the period. Meeder Asset Management Inc. increased its holdings in shares of Etsy by 8.9% during the 3rd quarter. Meeder Asset Management Inc. now owns 525 shares of the specialty retailer’s stock worth $109,000 after purchasing an additional 43 shares during the period. Lindbrook Capital LLC increased its holdings in shares of Etsy by 32.4% during the 3rd quarter. Lindbrook Capital LLC now owns 188 shares of the specialty retailer’s stock worth $39,000 after purchasing an additional 46 shares during the period. Finally, RFG Advisory LLC increased its holdings in shares of Etsy by 2.4% during the 3rd quarter. RFG Advisory LLC now owns 2,013 shares of the specialty retailer’s stock worth $419,000 after purchasing an additional 47 shares during the period. Institutional investors own 88.26% of the company’s stock.

Shares of NASDAQ:ETSY opened at $163.70 on Friday. Etsy has a 12 month low of $153.80 and a 12 month high of $307.75. The stock has a market cap of $20.75 billion, a price-to-earnings ratio of 48.43, a PEG ratio of 2.44 and a beta of 1.55. The stock’s 50 day moving average price is $236.60 and its 200 day moving average price is $219.46. The company has a debt-to-equity ratio of 4.33, a current ratio of 2.29 and a quick ratio of 2.29.

Etsy (NASDAQ:ETSY) last posted its quarterly earnings results on Wednesday, November 3rd. The specialty retailer reported $0.62 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.12. The firm had revenue of $532.43 million for the quarter, compared to analyst estimates of $518.51 million. Etsy had a net margin of 21.55% and a return on equity of 77.17%. During the same quarter in the previous year, the business posted $0.70 earnings per share. On average, sell-side analysts expect that Etsy will post 3.01 EPS for the current year.

About Etsy

Etsy, Inc engages in the operation of online marketplace. It offers handmade products such as shoes, clothing, bags, and accessories. It operates through the following geographical segments: United States, United Kingdom, and Other International. The company was founded by Haim Schoppik, Robert Kalin, Jared Tarbell, and Christopher Maguires in 2005 and is headquartered in New York, NY.

Recommended Story: What Are Cryptocurrencies?

Analyst Recommendations for Etsy (NASDAQ:ETSY)

Receive News & Ratings for Etsy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Etsy and related companies with MarketBeat.com's FREE daily email newsletter.