A report released today by Zacks Investment Research about Etsy Inc (NASDAQ:ETSY) raises the target price to $16.00
- Updated: October 3, 2016
Having a price of $14.72, Etsy Inc (NASDAQ:ETSY) traded 3.08% higher on the day. The last stock price is up 37.63% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same period. ETSY has recorded a 50-day average of $14.05 and a 200-day moving average of $10.70. 2,401,498 shares of the stock were exchanged, up from an average trading volume of 1,680,260
Zacks Investment Research upped the target price of Etsy Inc (NASDAQ:ETSY) to $16.00 stating a potential upside of 0.09%.
On 9/26/2016, Maxim Group released a statement for Etsy Inc (NASDAQ:ETSY) increased the target price from $15.00 to $17.00. At the time, this suggested an upside of 0.12%.
Recent Performance Chart
Etsy Inc has a with a one year low of $6.04 and a one year high of $15.70 ETSY’s total market value is presently $0.
A total of 7 brokers have reported on the stock. One equity analyst rating the company a strong buy, zero brokerages rating the stock a buy, six analysts rating the company a hold, 1 broker rating the stock a underperform, and finally zero equity analysts rating the company a sell with a one year target price of $10.93.
About 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, PayPal and Etsy gift cards.
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