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

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

ETSY has been the subject of a number of other reports. Citigroup raised shares of Etsy from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 30th. Weiss Ratings restated a “hold (c)” rating on shares of Etsy in a research report on Monday, December 29th. Zacks Research lowered shares of Etsy from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 10th. Evercore downgraded shares of Etsy from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 30th. Finally, BNP Paribas Exane upgraded Etsy to a “hold” rating in a report on Monday, November 24th. One investment analyst has rated the stock with a Strong Buy rating and four have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Hold”.

Etsy Trading Up 8.6%

ETSY opened at $52.30 on Friday. The company has a market cap of $5.16 billion, a price-to-earnings ratio of 39.92, a PEG ratio of 5.56 and a beta of 1.77. The stock’s fifty day moving average is $55.66. Etsy has a fifty-two week low of $40.05 and a fifty-two week high of $76.51.

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

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.