Etsy (NYSE:ETSY) Stock Rating Lowered by Zacks Research

Etsy (NYSE:ETSY) was downgraded by Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued on Monday,Zacks.com reports.

A number of other research analysts have also commented on ETSY. Wall Street Zen upgraded Etsy from a “hold” rating to a “buy” rating in a research report on Wednesday, November 5th. Weiss Ratings reissued a “hold (c)” rating on shares of Etsy in a research note on Thursday, November 6th. Finally, Evercore ISI cut Etsy from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 30th. Three investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has an average rating of “Hold”.

Etsy Stock Performance

Etsy stock traded up $0.99 on Monday, reaching $64.73. The company’s stock had a trading volume of 1,213,418 shares, compared to its average volume of 5,040,586. The firm has a market cap of $6.39 billion, a P/E ratio of 45.58, a P/E/G ratio of 7.71 and a beta of 1.87. Etsy has a twelve month low of $40.05 and a twelve 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.