Analyst Rating Update on Etsy (ETSY)

Etsy (NASDAQ:ETSY) : Zacks Investment Research ranks Etsy (NASDAQ:ETSY) as 3, which is a Hold recommendation. 1 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 3 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 5 research analysts is 3, which indicates as a Hold.

Etsy (NASDAQ:ETSY) : The highest level Etsy (NASDAQ:ETSY) is projected to reach is $12 for the short term and the lowest estimate is at $7. The consolidated price target from 4 rating analysts who initiate coverage on the stock is $9.38 and the possibility the share price can swing is $2.29.

Company shares have received an average consensus rating of Hold for the current week

Etsy (NASDAQ:ETSY): stock turned positive on Tuesday. Though the stock opened at $8.85, the bulls momentum made the stock top out at $9.07 level for the day. The stock recorded a low of $8.76 and closed the trading day at $8.84, in the green by 1.14%. The total traded volume for the day was 759,615. The stock had closed at $8.74 in the previous days trading.

In an insider trading activity, The Securities and Exchange Commission has divulged that Allspaw John, officer (Chief Technology Officer) of Etsy Inc, had unloaded 206,312 shares at an average price of $10 in a transaction dated on June 20, 2016. The total value of the transaction was worth $2,063,120.

Etsy, Inc. operates a marketplace where people connect, both online and offline, to make, sell and buy goods. The Company operates at the center of macroeconomic trends in online and mobile commerce, employment, consumption and manufacturing. Its sellers offer goods in online retail categories, including jewelry, stationery, clothing, home goods, craft supplies and vintage items. The Company supports a range of artists, makers, designers and collectors. The Companys community is made up of entrepreneurs who sell on its platform, consumers looking to buy goods in its marketplace, manufacturers who help its sellers grow their businesses and its employees who maintain its platform. The Company offers a range of services for its sellers, which include promoted listings, direct checkout and shipping labels. It also provides a range of tools for its buyers, including communication, search and discovery and mobile.

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