Etsy Inc (NYSE:ETSY) Receives Average Rating of “Hold” from Analysts

Shares of Etsy Inc (NYSE:ETSY) have received an average recommendation of “Hold” from the five analysts that are presently covering the company, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation and one has issued a strong buy recommendation on the company.

A number of equities research analysts have recently weighed in on ETSY shares. Evercore downgraded shares of Etsy from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 30th. Zacks Research downgraded shares of Etsy from a “strong-buy” rating to a “hold” rating in a report on Monday, November 10th. Weiss Ratings reiterated a “hold (c)” rating on shares of Etsy in a research note on Monday, December 29th. BNP Paribas Exane upgraded Etsy to a “hold” rating in a research report on Monday, November 24th. Finally, Wall Street Zen cut Etsy from a “buy” rating to a “hold” rating in a report on Saturday, February 7th.

Etsy Stock Down 0.1%

NYSE:ETSY opened at $44.31 on Thursday. Etsy has a twelve month low of $40.05 and a twelve month high of $76.51. The company has a 50-day simple moving average of $55.79. The firm has a market capitalization of $4.37 billion, a price-to-earnings ratio of 31.20, a PEG ratio of 5.13 and a beta of 1.77.

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.