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

Shares of Etsy Inc (NYSE:ETSY) have been given a consensus recommendation of “Hold” by the five brokerages that are currently covering the firm, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and one has given a strong buy rating to the company.

Several equities research analysts have recently issued reports on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Etsy in a research note on Monday, December 29th. BNP Paribas Exane raised shares of Etsy to a “hold” rating in a report on Monday, November 24th. Citigroup upgraded shares of Etsy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 30th. Wall Street Zen upgraded shares of Etsy from a “hold” rating to a “buy” rating in a report on Friday, November 28th. Finally, Zacks Research lowered shares of Etsy from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 10th.

Etsy Trading Down 3.8%

Shares of NYSE ETSY opened at $60.11 on Friday. The stock has a 50 day simple moving average of $56.39. The company has a market cap of $5.93 billion, a P/E ratio of 42.33, a P/E/G ratio of 6.73 and a beta of 1.74. Etsy has a 12 month low of $40.05 and a 12 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. 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.