Etsy (NYSE:ETSY) Lowered to Hold Rating by Wall Street Zen
Wall Street Zen downgraded Etsy (NYSE:ETSY) from a "buy" to a "hold" rating in a report on Thursday. Other analysts, including Zacks Research and Evercore ISI, also lowered their ratings to "hold". Currently, Etsy has a consensus rating of "Hold" among analysts. The stock opened at $63.78, with a market cap of $6.30 billion and a P/E ratio of 44.92. Etsy operates online marketplaces connecting buyers and sellers globally.
Etsy (NYSE:ETSY - Get Free Report) was downgraded by Wall Street Zen from a "buy" rating to a "hold" rating in a report issued on Thursday.
Other research analysts have also issued reports about the stock. Zacks Research lowered shares of Etsy from a "strong-buy" rating to a "hold" rating in a research note on Monday. Evercore ISI lowered shares of Etsy from a "strong-buy" rating to a "hold" rating in a report on Thursday, October 30th. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Etsy in a research report on Thursday, November 6th. Three research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold".
Read Our Latest Analysis on Etsy
Etsy Trading Up 0.1%
Shares of Etsy stock opened at $63.78 on Thursday. Etsy has a twelve month low of $40.05 and a twelve month high of $76.51. The firm has a market capitalization of $6.30 billion, a P/E ratio of 44.92, a price-to-earnings-growth ratio of 8.15 and a beta of 1.87.
About Etsy
(Get Free Report)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.
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