Etsy Inc (NYSE:ETSY) Receives Average Rating of "Hold" from Brokerages

Etsy Inc (NYSE:ETSY - Get Free Report) has earned a consensus recommendation of "Hold" from the five brokerages that are presently covering the firm, MarketBeat reports. Four analysts have rated the stock with a hold recommendation and one has assigned a strong buy recommendation to the company.Several equities analysts recently issued reports on the company. Zacks Research cut Etsy from a "strong-buy" rating to a "hold" rating in a research report on Monday, November 10th. Citigroup raised Etsy from a "hold" rating to a "strong-buy" rating in a report on Tuesday. Evercore ISI cut Etsy from a "strong-buy" rating to a "hold" rating in a research note on Thursday, October 30th. Wall Street Zen upgraded shares of Etsy from a "hold" rating to a "buy" rating in a research report on Friday, November 28th. Finally, Weiss Ratings restated a "hold (c)" rating on shares of Etsy in a research report on Monday.Read Our Latest Research Report on ETSYEtsy Price PerformanceShares of NYSE:ETSY opened at $55.32 on Wednesday. Etsy has a one year low of $40.05 and a one year high of $76.51. The stock has a market capitalization of $5.46 billion, a PE ratio of 38.96, a price-to-earnings-growth ratio of 7.23 and a beta of 1.76. 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. 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.Further ReadingFive stocks we like better than EtsyDo not delete, read immediatelyThe Crash Has Already Started (Most Just Don’t See It Yet)ALERT: Drop these 5 stocks before January 2026![No Brainer Gold Play]: “Show me a better investment.”INVESTOR ALERT: Tiny “$3 AI Wonder Stock” on the Verge of Blasting OffThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Etsy Right Now?Before you consider Etsy, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Etsy wasn't on the list.While Etsy currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here