Etsy, Inc. (NASDAQ:ETSY – Get Free Report) has earned a consensus rating of “Hold” from the twenty-five ratings firms that are presently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, ten have given a hold recommendation and thirteen have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $91.96.
A number of brokerages have issued reports on ETSY. The Goldman Sachs Group downgraded Etsy from a “buy” rating to a “neutral” rating and cut their target price for the stock from $84.00 to $80.00 in a research note on Wednesday, January 10th. Piper Sandler cut their price objective on Etsy from $126.00 to $90.00 and set an “overweight” rating for the company in a research report on Thursday, November 2nd. UBS Group raised their price objective on Etsy from $70.00 to $75.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 9th. B. Riley started coverage on Etsy in a research report on Friday, December 8th. They set a “buy” rating and a $100.00 price objective for the company. Finally, Truist Financial raised their price objective on Etsy from $82.00 to $87.00 and gave the stock a “buy” rating in a research report on Tuesday, December 5th.
Etsy Trading Up 4.8 %
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the company. First Capital Advisors Group LLC. acquired a new position in Etsy during the second quarter worth approximately $25,000. CVA Family Office LLC acquired a new position in shares of Etsy in the fourth quarter valued at approximately $27,000. Operose Advisors LLC acquired a new position in shares of Etsy in the third quarter valued at approximately $28,000. ICA Group Wealth Management LLC acquired a new position in shares of Etsy in the fourth quarter valued at approximately $28,000. Finally, Quarry LP increased its holdings in shares of Etsy by 121.7% in the first quarter. Quarry LP now owns 266 shares of the specialty retailer’s stock valued at $30,000 after purchasing an additional 146 shares during the period. Institutional investors and hedge funds own 92.98% of the company’s stock.
Etsy, Inc, together with its subsidiaries, operates two-sided online marketplaces that connect buyers and sellers 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.
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