Etsy Inc (NYSE:ETSY) Receives Consensus Rating of “Hold” from Analysts

Shares of Etsy Inc (NYSE:ETSY) have been assigned a consensus rating of “Hold” from the thirty ratings firms that are currently covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $61.6667.

A number of analysts have weighed in on the company. Truist Financial raised their price target on Etsy from $80.00 to $83.00 and gave the company a “buy” rating in a research note on Friday, February 20th. UBS Group dropped their price objective on Etsy from $74.00 to $53.00 and set a “neutral” rating on the stock in a report on Friday, February 20th. Stifel Nicolaus cut their target price on Etsy from $62.00 to $55.00 and set a “hold” rating on the stock in a research report on Friday, February 20th. Weiss Ratings restated a “hold (c)” rating on shares of Etsy in a research note on Monday, December 29th. Finally, Jefferies Financial Group lowered their price target on Etsy from $62.00 to $55.00 and set a “hold” rating for the company in a report on Thursday, February 12th.

Insider Transactions at Etsy

In other news, insider Josh Silverman sold 12,148 shares of the company’s stock in a transaction on Monday, April 6th. The shares were sold at an average price of $54.00, for a total value of $655,992.00. Following the completion of the transaction, the insider owned 130,694 shares in the company, valued at approximately $7,057,476. This represents a 8.50% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Merilee Buckley sold 1,993 shares of the stock in a transaction on Monday, April 6th. The shares were sold at an average price of $52.92, for a total transaction of $105,469.56. Following the completion of the transaction, the chief accounting officer directly owned 809 shares in the company, valued at $42,812.28. This trade represents a 71.13% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 43,971 shares of company stock worth $2,326,623. 2.80% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Etsy

Hedge funds have recently made changes to their positions in the company. EFG International AG acquired a new stake in shares of Etsy during the fourth quarter worth about $33,000. SJS Investment Consulting Inc. boosted its position in shares of Etsy by 12,600.0% in the 3rd quarter. SJS Investment Consulting Inc. now owns 762 shares of the company’s stock valued at $51,000 after purchasing an additional 756 shares during the period. Abich Financial Wealth Management LLC acquired a new stake in shares of Etsy in the 3rd quarter valued at about $51,000. Salomon & Ludwin LLC purchased a new position in Etsy during the 3rd quarter worth approximately $55,000. Finally, Danske Bank A S purchased a new position in Etsy during the 3rd quarter worth approximately $66,000. Hedge funds and other institutional investors own 99.53% of the company’s stock.

Etsy Price Performance

Shares of ETSY opened at $61.85 on Tuesday. Etsy has a twelve month low of $41.51 and a twelve month high of $76.51. The firm has a fifty day moving average price of $52.43. The firm has a market cap of $5.95 billion, a price-to-earnings ratio of 47.21, a price-to-earnings-growth ratio of 3.80 and a beta of 1.77.

Etsy (NYSE:ETSY) last released its quarterly earnings data on Thursday, February 19th. The company reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.04. The business had revenue of $881.64 million during the quarter. Etsy had a net margin of 5.65% and a negative return on equity of 24.94%.

Etsy Company Profile

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.