Etsy (NYSE:ETSY) Rating Lowered to “Hold” at Wall Street Zen

Etsy (NYSE:ETSY) was downgraded by research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued on Saturday.

Other analysts also recently issued reports about the company. Evercore downgraded Etsy from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 30th. Citigroup raised shares of Etsy from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 30th. Zacks Research cut shares of Etsy from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 10th. BNP Paribas Exane raised shares of Etsy to a “hold” rating in a research report on Monday, November 24th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Etsy in a research note on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold”.

Etsy Price Performance

NYSE:ETSY opened at $57.83 on Friday. The company has a market cap of $5.71 billion, a price-to-earnings ratio of 40.73, a price-to-earnings-growth ratio of 6.44 and a beta of 1.77. The company has a 50 day moving average of $56.78. Etsy has a 1 year low of $40.05 and a 1 year high of $76.51.

Etsy Company Profile

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.