Etsy, Inc. (NASDAQ:ETSY) had its price objective boosted by Stifel Nicolaus from $13.00 to $15.00 in a report published on Friday morning, Marketbeat.com reports. The firm currently has a hold rating on the specialty retailer’s stock.

Other analysts have also issued reports about the company. BidaskClub lowered Etsy from a buy rating to a hold rating in a research note on Wednesday, August 2nd. Royal Bank Of Canada raised their target price on Etsy from $12.00 to $16.00 and gave the company a sector perform rating in a research note on Friday. Loop Capital lowered Etsy from a buy rating to a hold rating in a research note on Wednesday, May 17th. Roth Capital set a $14.00 target price on Etsy and gave the company a hold rating in a research note on Monday, July 31st. Finally, Zacks Investment Research upgraded Etsy from a hold rating to a buy rating and set a $17.00 target price for the company in a research note on Tuesday, July 4th. Eleven investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of Hold and an average target price of $14.33.

Etsy (NASDAQ ETSY) traded up 2.343% during trading on Friday, hitting $15.505. 1,016,324 shares of the stock traded hands. The company has a 50-day moving average price of $14.63 and a 200 day moving average price of $12.46. Etsy has a one year low of $9.41 and a one year high of $16.05. The stock’s market cap is $1.72 billion.

Etsy (NASDAQ:ETSY) last released its quarterly earnings data on Thursday, August 3rd. The specialty retailer reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.06. Etsy had a positive return on equity of 3.77% and a negative net margin of 3.16%. The firm had revenue of $101.70 million during the quarter, compared to analyst estimates of $101.14 million. During the same period in the prior year, the company posted ($0.06) earnings per share. The business’s revenue for the quarter was up 19.2% compared to the same quarter last year. Analysts expect that Etsy will post $0.01 earnings per share for the current year.

COPYRIGHT VIOLATION NOTICE: “Stifel Nicolaus Raises Etsy, Inc. (ETSY) Price Target to $15.00” was reported by Daily Political and is the sole property of of Daily Political. If you are accessing this piece of content on another website, it was copied illegally and reposted in violation of U.S. & international copyright and trademark legislation. The original version of this piece of content can be accessed at https://www.dailypolitical.com/2017/08/07/stifel-nicolaus-raises-etsy-inc-etsy-price-target-to-15-00.html.

Hedge funds have recently made changes to their positions in the company. Dragoneer Investment Group LLC acquired a new stake in Etsy during the first quarter worth about $24,331,000. Janus Capital Management LLC raised its stake in Etsy by 38.4% in the first quarter. Janus Capital Management LLC now owns 6,222,005 shares of the specialty retailer’s stock worth $66,140,000 after buying an additional 1,726,152 shares during the period. Point72 Asset Management L.P. raised its stake in Etsy by 204.5% in the first quarter. Point72 Asset Management L.P. now owns 1,141,948 shares of the specialty retailer’s stock worth $12,139,000 after buying an additional 766,948 shares during the period. William Blair Investment Management LLC acquired a new stake in Etsy during the second quarter worth about $9,836,000. Finally, Wells Fargo & Company MN raised its stake in Etsy by 70.6% in the first quarter. Wells Fargo & Company MN now owns 1,533,634 shares of the specialty retailer’s stock worth $16,303,000 after buying an additional 634,855 shares during the period. Hedge funds and other institutional investors own 69.59% of the company’s stock.

About Etsy

Etsy, Inc (Etsy) operates a marketplace where people around the world connect, both online and offline, to make, sell and buy goods. The Company offers a range of seller services and tools that help entrepreneurs start, grow and manage their businesses. The Company’s community includes Etsy sellers, Etsy buyers, Etsy employees, its partners and investors.

Analyst Recommendations for Etsy (NASDAQ:ETSY)

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