Etsy (NYSE:ETSY) Stock Rating Upgraded by Wall Street Zen

Etsy (NYSE:ETSY) was upgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report issued on Friday.

Other analysts also recently issued research reports about the stock. Zacks Research downgraded shares of Etsy from a “strong-buy” rating to a “hold” rating in a report on Monday, November 10th. Evercore ISI lowered Etsy from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 30th. BNP Paribas raised Etsy to a “hold” rating in a research report on Monday, November 24th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Etsy in a research note on Monday, November 24th. Four investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, Etsy presently has an average rating of “Hold”.

Etsy Trading Up 0.1%

Shares of ETSY stock opened at $54.22 on Friday. The firm has a market cap of $5.35 billion, a P/E ratio of 38.18, a price-to-earnings-growth ratio of 6.94 and a beta of 1.87. Etsy has a 1-year low of $40.05 and a 1-year 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.