Etsy (NYSE:ETSY) Cut to “Hold” at Zacks Research

Zacks Research cut shares of Etsy (NYSE:ETSY) from a strong-buy rating to a hold rating in a research report report published on Monday,Zacks.com reports.

A number of other equities analysts have also recently weighed in on ETSY. Wall Street Zen raised Etsy from a “hold” rating to a “buy” rating in a 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 shares of Etsy from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 30th. Three analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Etsy Price Performance

NYSE:ETSY opened at $63.78 on Monday. Etsy has a 52-week low of $40.05 and a 52-week high of $76.51. The firm has a market cap of $6.30 billion, a PE ratio of 44.92, a PEG ratio of 8.15 and a beta of 1.87.

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.