Etsy, Inc. (NASDAQ:ETSY) Receives $88.88 Consensus Price Target from Analysts

Etsy, Inc. (NASDAQ:ETSYGet Free Report) has received a consensus recommendation of “Hold” from the twenty-three analysts that are currently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and twelve have issued a buy rating on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $88.88.

A number of analysts recently weighed in on the stock. Guggenheim upped their price objective on shares of Etsy from $75.00 to $95.00 and gave the stock a “buy” rating in a research note on Friday, December 15th. Truist Financial decreased their price target on shares of Etsy from $87.00 to $85.00 and set a “buy” rating for the company in a research report on Thursday, February 22nd. UBS Group decreased their price target on shares of Etsy from $75.00 to $72.00 and set a “neutral” rating for the company in a research report on Thursday, February 22nd. Piper Sandler increased their price target on shares of Etsy from $90.00 to $103.00 and gave the company an “overweight” rating in a research report on Thursday, February 22nd. Finally, The Goldman Sachs Group lowered shares of Etsy from a “buy” rating to a “neutral” rating and decreased their price target for the company from $84.00 to $80.00 in a research report on Wednesday, January 10th.

View Our Latest Research Report on ETSY

Etsy Price Performance

NASDAQ:ETSY opened at $69.81 on Thursday. Etsy has a 1-year low of $58.20 and a 1-year high of $122.51. The company has a 50-day moving average of $74.38 and a 200 day moving average of $71.68. The firm has a market cap of $8.27 billion, a PE ratio of 31.17, a price-to-earnings-growth ratio of 4.92 and a beta of 2.02.

Insider Transactions at Etsy

In other news, insider Nicholas Daniel sold 1,500 shares of the firm’s stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $71.82, for a total transaction of $107,730.00. Following the sale, the insider now owns 13,138 shares of the company’s stock, valued at approximately $943,571.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Nicholas Daniel sold 1,500 shares of the stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $71.82, for a total transaction of $107,730.00. Following the transaction, the insider now owns 13,138 shares in the company, valued at approximately $943,571.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Josh Silverman sold 63,047 shares of the stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $72.50, for a total value of $4,570,907.50. Following the transaction, the chief executive officer now owns 23,140 shares in the company, valued at approximately $1,677,650. The disclosure for this sale can be found here. Corporate insiders own 2.60% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. First Capital Advisors Group LLC. purchased a new position in Etsy in the 2nd quarter valued at $25,000. CVA Family Office LLC purchased a new position in Etsy in the 4th quarter valued at $27,000. Operose Advisors LLC purchased a new position in Etsy in the 3rd quarter valued at $28,000. ICA Group Wealth Management LLC purchased a new position in Etsy in the 4th quarter valued at $28,000. Finally, Quarry LP lifted its holdings in Etsy by 121.7% in the 1st quarter. Quarry LP now owns 266 shares of the specialty retailer’s stock valued at $30,000 after purchasing an additional 146 shares in the last quarter. Hedge funds and other institutional investors own 92.98% of the company’s stock.

About Etsy

(Get Free Report

Etsy, Inc, together with its subsidiaries, operates two-sided online marketplaces that connect buyers and sellers in the United States, the United Kingdom, Germany, Canada, Australia, and France. 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.

Further Reading

Analyst Recommendations for Etsy (NASDAQ:ETSY)

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