Etsy (NYSE:ETSY) Upgraded to Strong-Buy at Barclays

Etsy (NYSE:ETSY) was upgraded by equities researchers at Barclays from a “hold” rating to a “strong-buy” rating in a research note issued on Thursday,Zacks.com reports.

A number of other equities research analysts have also issued reports on ETSY. Wall Street Zen raised shares of Etsy from a “hold” rating to a “buy” rating in a report on Saturday. Citigroup upgraded shares of Etsy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 30th. Weiss Ratings reiterated a “hold (c)” rating on shares of Etsy in a report on Monday, December 29th. BNP Paribas Exane raised shares of Etsy to a “hold” rating in a research note on Monday, November 24th. Finally, Evercore cut Etsy from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 30th. Two equities research analysts have rated the stock with a Strong Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

Etsy Stock Up 8.6%

Shares of Etsy stock opened at $52.30 on Thursday. The firm has a market capitalization of $5.16 billion, a PE ratio of 39.92, a P/E/G ratio of 5.56 and a beta of 1.77. The firm’s 50 day moving average price is $55.66. Etsy has a 12 month low of $40.05 and a 12 month high of $76.51.

Etsy (NYSE:ETSY) last issued its quarterly earnings results on Thursday, February 19th. The company reported $0.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.88 by $0.04. Etsy had a negative return on equity of 24.94% and a net margin of 5.65%.The firm had revenue of $881.64 million for the quarter.

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.