Etsy (NYSE:ETSY) Upgraded at Zacks Research

Zacks Research upgraded shares of Etsy (NYSE:ETSY) from a hold rating to a strong-buy rating in a research report released on Monday,Zacks.com reports.

ETSY has been the subject of several other research reports. Evercore lowered shares of Etsy from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 30th. BNP Paribas Exane raised shares of Etsy to a “hold” rating in a research note on Monday, November 24th. Weiss Ratings reissued a “hold (c)” rating on shares of Etsy in a research report on Monday, December 29th. Barclays upgraded shares of Etsy from an “equal weight” rating to an “overweight” rating and set a $72.00 price target for the company in a research note on Thursday, February 19th. Finally, Citigroup raised Etsy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 30th. Two investment analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $72.00.

Etsy Stock Down 2.0%

ETSY stock opened at $53.29 on Monday. The firm has a 50 day moving average of $55.66. The stock has a market capitalization of $5.13 billion, a price-to-earnings ratio of 40.68, a PEG ratio of 3.60 and a beta of 1.77. Etsy has a 1 year low of $40.05 and a 1 year high of $76.51.

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