BidaskClub upgraded shares of Etsy (NASDAQ:ETSY) from a strong sell rating to a sell rating in a research report sent to investors on Friday morning, BidAskClub reports.

Several other research firms have also weighed in on ETSY. Zacks Investment Research lowered shares of Etsy from a buy rating to a hold rating in a research report on Monday, July 29th. BTIG Research upgraded shares of Etsy from a neutral rating to a buy rating and set a $79.00 price target for the company in a research report on Thursday, July 25th. Morgan Stanley set a $65.00 price target on shares of Etsy and gave the company a hold rating in a research report on Friday, August 2nd. Royal Bank of Canada upgraded shares of Etsy from a sector perform rating to an outperform rating and increased their price target for the company from $63.00 to $68.00 in a research report on Thursday. Finally, TheStreet lowered shares of Etsy from a b rating to a c+ rating in a research report on Friday, May 24th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have issued a buy rating to the stock. The company has an average rating of Buy and an average target price of $73.80.

NASDAQ ETSY opened at $60.41 on Friday. Etsy has a 1 year low of $38.02 and a 1 year high of $73.35. The company has a debt-to-equity ratio of 0.77, a current ratio of 4.47 and a quick ratio of 4.47. The firm has a market cap of $7.12 billion, a price-to-earnings ratio of 69.49, a PEG ratio of 3.78 and a beta of 1.01. The company has a fifty day moving average price of $54.61 and a 200-day moving average price of $63.12.

Etsy (NASDAQ:ETSY) last posted its earnings results on Thursday, August 1st. The specialty retailer reported $0.14 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.14. Etsy had a net margin of 15.83% and a return on equity of 26.77%. The firm had revenue of $181.10 million during the quarter, compared to analyst estimates of $183.28 million. During the same quarter in the prior year, the business posted $0.07 EPS. The business’s revenue was up 36.8% compared to the same quarter last year. On average, research analysts anticipate that Etsy will post 0.76 EPS for the current fiscal year.

In other Etsy news, CTO Michael T. Fisher sold 13,442 shares of the company’s stock in a transaction dated Tuesday, July 2nd. The shares were sold at an average price of $61.82, for a total transaction of $830,984.44. Following the sale, the chief technology officer now directly owns 34,258 shares of the company’s stock, valued at $2,117,829.56. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CTO Michael T. Fisher sold 5,194 shares of the company’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $50.00, for a total transaction of $259,700.00. Following the sale, the chief technology officer now directly owns 17,387 shares in the company, valued at $869,350. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 33,572 shares of company stock worth $1,987,881. Insiders own 3.00% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Institutional & Family Asset Management LLC lifted its holdings in shares of Etsy by 267.7% in the first quarter. Institutional & Family Asset Management LLC now owns 467 shares of the specialty retailer’s stock worth $31,000 after buying an additional 340 shares in the last quarter. Hanson McClain Inc. purchased a new stake in shares of Etsy in the second quarter worth about $31,000. Compagnie Lombard Odier SCmA purchased a new stake in shares of Etsy in the second quarter worth about $31,000. BSW Wealth Partners purchased a new stake in shares of Etsy in the second quarter worth about $45,000. Finally, Sterling Investment Advisors Ltd. purchased a new stake in shares of Etsy in the second quarter worth about $61,000. 92.44% of the stock is currently owned by institutional investors and hedge funds.

About Etsy

Etsy, Inc operates Etsy.com, a commerce platform to make, sell, and buy goods online and offline primarily in the United States, United Kingdom, Canada, Australia, France, and Germany. It provides various seller services and tools that are designed to help entrepreneurs for starting, managing, and scaling their businesses.

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Analyst Recommendations for Etsy (NASDAQ:ETSY)

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