Etsy Inc (NYSE:ETSY) Receives Consensus Recommendation of “Hold” from Brokerages

Etsy Inc (NYSE:ETSY) has been given a consensus rating of “Hold” by the five ratings firms that are covering the company, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company.

A number of brokerages have weighed in on ETSY. Citigroup raised Etsy from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 30th. Weiss Ratings reissued a “hold (c)” rating on shares of Etsy in a report on Monday, December 29th. Wall Street Zen upgraded Etsy from a “hold” rating to a “buy” rating in a research report on Friday, November 28th. BNP Paribas Exane upgraded Etsy to a “hold” rating in a research report on Monday, November 24th. Finally, Evercore ISI lowered Etsy from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 30th.

Etsy Trading Down 2.7%

Shares of NYSE:ETSY opened at $58.45 on Friday. Etsy has a 52-week low of $40.05 and a 52-week high of $76.51. The business has a 50 day moving average price of $56.58. The company has a market capitalization of $5.77 billion, a price-to-earnings ratio of 41.16, a P/E/G ratio of 6.72 and a beta of 1.74.

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.