Etsy, Inc. (NASDAQ:ETSY) Receives $88.88 Consensus Target Price from Brokerages

Etsy, Inc. (NASDAQ:ETSYGet Free Report) has been assigned a consensus rating of “Hold” from the twenty-three research firms that are presently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, nine have given a hold recommendation and twelve have issued a buy recommendation on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $88.88.

A number of equities analysts have weighed in on ETSY shares. Wells Fargo & Company boosted their price objective on Etsy from $59.00 to $62.00 and gave the stock an “underweight” rating in a research note on Thursday, February 22nd. B. Riley assumed coverage on Etsy in a report on Friday, December 8th. They set a “buy” rating and a $100.00 price target for the company. Barclays increased their price target on Etsy from $63.00 to $67.00 and gave the stock an “equal weight” rating in a report on Thursday, February 22nd. Raymond James increased their price target on Etsy from $70.00 to $90.00 and gave the stock an “outperform” rating in a report on Thursday, December 14th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $95.00 price target on shares of Etsy in a report on Friday.

Get Our Latest Stock Report on Etsy

Insiders Place Their Bets

In related news, CEO Josh Silverman sold 63,047 shares of the company’s stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $72.50, for a total value of $4,570,907.50. Following the completion of the transaction, the chief executive officer now directly owns 23,140 shares of the company’s stock, valued at approximately $1,677,650. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other Etsy news, insider Nicholas Daniel sold 1,500 shares of the firm’s stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $71.82, for a total value of $107,730.00. Following the sale, the insider now owns 13,138 shares in the company, valued at $943,571.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Josh Silverman sold 63,047 shares of Etsy stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $72.50, for a total transaction of $4,570,907.50. Following the transaction, the chief executive officer now owns 23,140 shares in the company, valued at approximately $1,677,650. The disclosure for this sale can be found here. Company insiders own 2.60% of the company’s stock.

Institutional Investors Weigh In On Etsy

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Quarry LP lifted its holdings in Etsy by 121.7% during 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 in the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its holdings in Etsy by 63.9% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 377 shares of the specialty retailer’s stock valued at $32,000 after purchasing an additional 147 shares in the last quarter. U.S. Capital Wealth Advisors LLC lifted its holdings in shares of Etsy by 7.3% in the first quarter. U.S. Capital Wealth Advisors LLC now owns 2,256 shares of the specialty retailer’s stock worth $280,000 after buying an additional 153 shares in the last quarter. KB Financial Partners LLC lifted its holdings in shares of Etsy by 41.7% in the first quarter. KB Financial Partners LLC now owns 520 shares of the specialty retailer’s stock worth $65,000 after buying an additional 153 shares in the last quarter. Finally, Arizona State Retirement System lifted its holdings in shares of Etsy by 0.5% in the fourth quarter. Arizona State Retirement System now owns 33,810 shares of the specialty retailer’s stock worth $2,740,000 after buying an additional 157 shares in the last quarter. 92.98% of the stock is owned by institutional investors.

Etsy Stock Performance

Shares of ETSY opened at $67.71 on Thursday. Etsy has a one year low of $58.20 and a one year high of $122.51. The stock has a market capitalization of $8.02 billion, a price-to-earnings ratio of 30.33, a PEG ratio of 4.80 and a beta of 2.02. The stock has a 50 day moving average price of $74.38 and a 200 day moving average price of $71.64.

Etsy Company Profile

(Get Free Report

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, and France. 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.

See Also

Analyst Recommendations for Etsy (NASDAQ:ETSY)

Receive News & Ratings for Etsy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Etsy and related companies with MarketBeat.com's FREE daily email newsletter.