Etsy (NYSE:ETSY) Cut to “Hold” at Wall Street Zen

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

Several other brokerages have also recently issued reports on ETSY. Citigroup raised Etsy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 30th. Evercore downgraded shares of Etsy from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 30th. Weiss Ratings reiterated 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 research report on Monday, November 24th. Finally, Zacks Research cut shares of Etsy from a “strong-buy” rating to a “hold” rating in a report on Monday, November 10th. One analyst has rated the stock with a Strong Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold”.

Etsy Price Performance

ETSY stock opened at $57.83 on Friday. The company’s 50-day moving average is $56.78. The firm has a market cap of $5.71 billion, a P/E ratio of 40.73, a P/E/G ratio of 6.07 and a beta of 1.77. Etsy has a 52-week low of $40.05 and a 52-week high of $76.51.

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.