Etsy Inc (NYSE:ETSY) Given Average Rating of “Hold” by Brokerages

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

A number of equities research analysts recently commented on the stock. Wall Street Zen raised shares of Etsy from a “hold” rating to a “buy” rating in a report on Friday, November 28th. Weiss Ratings reiterated a “hold (c)” rating on shares of Etsy in a research note on Monday, December 29th. Citigroup upgraded Etsy from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 30th. Zacks Research downgraded shares of Etsy from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 10th. Finally, BNP Paribas Exane raised shares of Etsy to a “hold” rating in a research report on Monday, November 24th.

Etsy Stock Down 3.7%

NYSE ETSY opened at $52.90 on Friday. The company has a market cap of $5.22 billion, a PE ratio of 37.25, a price-to-earnings-growth ratio of 6.12 and a beta of 1.74. The business’s fifty day simple moving average is $56.72. Etsy has a one year low of $40.05 and a one year high of $76.51.

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.