Etsy (ETSY) : Analyst Rating Update

Etsy (ETSY) : The consensus on Etsy (ETSY) based on 5 analyst recommendation on the company stock is 3, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 1 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 3 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock.

Etsy (ETSY) : The highest short term price target forecast on Etsy (ETSY) is $12 and the lowest target price is $7. A total of 4 equity analysts are currently covering the company. The average price of all the analysts is $9.38 with a standard deviation of $2.29.

Etsy (NASDAQ:ETSY): The stock opened at $9.38 on Wednesday but the bulls could not build on the opening and the stock topped out at $9.47 for the day. The stock traded down to $9.11 during the day, due to lack of any buying support eventually closed down at $9.20 with a loss of -2.75% for the day. The stock had closed at $9.46 on the previous day. The total traded volume was 1,150,235 shares.

Also, Maxim Group initiates coverage on Etsy (NASDAQ:ETSY). In the latest research report, Maxim Group announces the target price to $12 per share. According to the latest information available, the shares are now rated Buy by the analysts at the agency. The rating by the firm was issued on May 26, 2016. The company shares have dropped -34.98% from its 1 Year high price. On Jul 17, 2015, the shares registered one year high at $23.44 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $9.26 and the 200 Day Moving Average price is recorded at $8.50.

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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