Etsy (NYSE:ETSY) Upgraded at Barclays

Barclays upgraded shares of Etsy (NYSE:ETSY) from a hold rating to a strong-buy rating in a research report report published on Thursday morning,Zacks.com reports.

Several other analysts also recently weighed in on the stock. Citigroup upgraded shares of Etsy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 30th. Zacks Research lowered shares of Etsy from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 10th. Weiss Ratings reissued a “hold (c)” rating on shares of Etsy in a research report on Monday, December 29th. BNP Paribas Exane upgraded shares of Etsy to a “hold” rating in a research note on Monday, November 24th. Finally, Wall Street Zen raised Etsy from a “hold” rating to a “buy” rating in a report on Saturday. Two analysts have rated the stock with a Strong Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

Etsy Price Performance

Shares of Etsy stock opened at $52.30 on Thursday. Etsy has a twelve month low of $40.05 and a twelve month high of $76.51. The stock has a market cap of $5.16 billion, a price-to-earnings ratio of 39.92, a PEG ratio of 6.03 and a beta of 1.77. The company has a 50-day moving average of $55.66.

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

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.