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A report released today by Wedbush about Etsy Inc (NASDAQ:ETSY) raises the target price to $13.00

Showing a price of $12.71, Etsy Inc (NASDAQ:ETSY) traded 0.44% lower on the day. The last close is up 33.75% from the two hundred day moving average, compared to the S&P 500 which has fallen -0.01% over the same time period. The company has registered a 50-day moving average of $13.37 and two hundred day moving average of $10.15. Volume of trade was was up over the average, with 3,930,521 shares of ETSY changing hands over the typical 1,691,720 shares.

Etsy Inc (NASDAQ:ETSY) had its price target upped to $13 by Wedbush in a report issued 8/03/2016. The increased target price implies a potential upside of 0.02% from the bussiness’ last closing price.

On 8/1/2016, Citigroup released a statement about Etsy Inc(NASDAQ:ETSY) bumped the target price from $0.00 to $14.00. At the time, this indicated a possible upside of 0.39%.

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In addition to Wedbush reporting it’s price target, a total of 7 brokers have issued a research note on the stock. The 12-month target is $10.93 with one firm rating the stock a strong buy, 0 rating the stock a buy, six analysts rating the stock a hold, one firm rating the company to underperform, and lastly 0 brokerages rating the company as sell.

Etsy Inc has a one-year low of $6.04 and a one-year high of $16.73. Etsy Inc’s market cap is presently $0.0.

Brief Synopsis On Etsy Inc (NASDAQ:ETSY)

Etsy, Inc. (Etsy) operates a marketplace to connect people around the both online and offline for making, selling and buying goods. The Company’s geographical segments include United States and International. The Company’s community includes Etsy sellers, Etsy buyers, wholesale partners, manufacturers and Etsy employees. The Company’s platform includes marketplace, Seller Services, technology and community, both online and offline. The Company offers a range of services to help Etsy sellers build their personal brands, engage customers and complete transactions. The Company has over three seller services: Promoted Listings, Direct Checkout and Shipping Labels. Its Promoted Listings offering enables an Etsy seller to pay a cost-per-click-based fee to feature and promote her goods in search results generated by Etsy buyers on its platform. Its Direct Checkout offering allows Etsy sellers to accept various forms of payment, such as credit cards, debit cards, and PayPal and Etsy gift cards.

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