Etsy (NYSE:ETSY) Cut to Hold at Wall Street Zen

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

A number of other equities research analysts have also recently commented on ETSY. 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 Etsy to a “hold” rating in a research report on Monday, November 24th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Etsy in a research report on Monday, December 29th. Evercore lowered Etsy from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 30th. Finally, Zacks Research cut Etsy from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 10th. One research analyst has rated the stock with a Strong Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold”.

Etsy Trading Down 4.7%

Shares of ETSY opened at $55.12 on Friday. The business’s 50 day simple moving average is $56.79. The stock has a market capitalization of $5.44 billion, a price-to-earnings ratio of 38.82, a PEG ratio of 6.44 and a beta of 1.77. Etsy has a 12-month low of $40.05 and a 12-month high of $76.51.

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.