Etsy Inc. (NASDAQ:ETSY) shares were down 2% during trading on Friday . The stock traded as low as $9.89 and last traded at $9.94, with a volume of 597,668 shares traded. The stock had previously closed at $10.14.

Several research analysts have recently commented on ETSY shares. Roth Capital reissued a “sell” rating and issued a $6.00 price target on shares of Etsy in a research report on Wednesday, April 6th. Zacks Investment Research downgraded Etsy from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 27th. Royal Bank Of Canada boosted their target price on Etsy from $10.00 to $11.00 and gave the stock a “sector perform” rating in a research note on Wednesday, May 4th. Wedbush restated a “neutral” rating and set a $10.00 target price (up from $9.00) on shares of Etsy in a research note on Wednesday, May 4th. Finally, Maxim Group initiated coverage on Etsy in a research note on Thursday, May 26th. They set a “buy” rating and a $12.00 target price on the stock. Two analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $11.17.

The company’s market capitalization is $1.11 billion. The stock’s 50-day moving average is $9.56 and its 200 day moving average is $8.56.

Etsy (NASDAQ:ETSY) last announced its quarterly earnings data on Tuesday, May 3rd. The company reported ($0.84) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by $0.81. The firm earned $58.54 million during the quarter, compared to analyst estimates of $75.15 million. During the same quarter in the prior year, the firm posted ($0.84) EPS. The company’s quarterly revenue was up 39.8% on a year-over-year basis. Equities analysts expect that Etsy Inc. will post ($0.02) earnings per share for the current year.

In other Etsy news, Director Frederick R. Wilson sold 30,130 shares of the firm’s stock in a transaction on Monday, May 9th. The stock was sold at an average price of $8.21, for a total value of $247,367.30. Following the sale, the director now directly owns 579,623 shares in the company, valued at $4,758,704.83. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Frederick R. Wilson sold 200,000 shares of the firm’s stock in a transaction on Thursday, May 12th. The shares were sold at an average price of $8.27, for a total value of $1,654,000.00. Following the completion of the sale, the director now owns 822,062 shares in the company, valued at $6,798,452.74. The disclosure for this sale can be found here.

Etsy, Inc (Etsy) operates a marketplace where people around the world connect, both online and offline, to make, sell and buy goods. Handmade goods are the foundation of its marketplace. The Company operates a platform for third-party sellers. The Company offers a mix of marketplace activities and services.

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