Etsy (NASDAQ:ETSY) Stock Rating Upgraded by StockNews.com

Etsy (NASDAQ:ETSYGet Rating) was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating in a report issued on Thursday.

Other equities analysts have also recently issued reports about the stock. Jefferies Financial Group lowered their price objective on shares of Etsy from $140.00 to $138.00 and set a “buy” rating on the stock in a research report on Thursday, October 6th. Guggenheim lifted their price objective on shares of Etsy from $105.00 to $125.00 in a research report on Wednesday, October 5th. TheStreet cut shares of Etsy from a “c” rating to a “d” rating in a research report on Wednesday, November 2nd. BTIG Research boosted their price target on shares of Etsy from $119.00 to $137.00 in a report on Thursday, December 1st. Finally, The Goldman Sachs Group initiated coverage on shares of Etsy in a report on Monday, October 10th. They set a “buy” rating and a $130.00 price target on the stock. Ten equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $120.43.

Etsy Trading Up 3.1 %

NASDAQ ETSY opened at $117.11 on Thursday. Etsy has a twelve month low of $67.01 and a twelve month high of $200.00. The company has a debt-to-equity ratio of 4.10, a quick ratio of 2.72 and a current ratio of 2.72. The stock has a market cap of $14.72 billion, a price-to-earnings ratio of -21.69, a PEG ratio of 5.16 and a beta of 1.80. The firm’s 50 day moving average price is $118.90 and its two-hundred day moving average price is $106.33.

Insiders Place Their Bets

In other Etsy news, insider Nicholas Daniel sold 1,000 shares of the business’s stock in a transaction on Thursday, December 8th. The shares were sold at an average price of $134.04, for a total transaction of $134,040.00. Following the completion of the transaction, the insider now owns 3,309 shares of the company’s stock, valued at approximately $443,538.36. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, Director Frederick R. Wilson sold 17,500 shares of the company’s stock in a transaction dated Monday, November 7th. The shares were sold at an average price of $98.43, for a total transaction of $1,722,525.00. Following the completion of the transaction, the director now owns 501,329 shares of the company’s stock, valued at $49,345,813.47. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Nicholas Daniel sold 1,000 shares of the company’s stock in a transaction dated Thursday, December 8th. The shares were sold at an average price of $134.04, for a total transaction of $134,040.00. Following the transaction, the insider now directly owns 3,309 shares of the company’s stock, valued at approximately $443,538.36. The disclosure for this sale can be found here. Insiders sold a total of 219,572 shares of company stock valued at $24,315,187 in the last quarter. Insiders own 3.10% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Optimum Investment Advisors raised its position in shares of Etsy by 400.0% during the third quarter. Optimum Investment Advisors now owns 250 shares of the specialty retailer’s stock valued at $25,000 after buying an additional 200 shares during the last quarter. Trustcore Financial Services LLC raised its position in shares of Etsy by 166.3% during the third quarter. Trustcore Financial Services LLC now owns 269 shares of the specialty retailer’s stock valued at $27,000 after buying an additional 168 shares during the last quarter. Householder Group Estate & Retirement Specialist LLC acquired a new position in shares of Etsy during the third quarter valued at about $34,000. Guardian Wealth Advisors LLC acquired a new position in Etsy in the third quarter worth about $36,000. Finally, Pinnacle Financial Partners Inc. acquired a new position in Etsy in the third quarter worth about $38,000. Institutional investors and hedge funds own 95.46% of the company’s stock.

Etsy Company Profile

(Get Rating)

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.

Further Reading

Analyst Recommendations for Etsy (NASDAQ:ETSY)

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