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Citigroup downgraded Etsy (NASDAQ:ETSY) from Buy to Neutral in a report released today.

Citigroup has downgraded Etsy (NASDAQ:ETSY) from Buy to Neutral in a report released on Thursday May 25, 2017.

Yesterday Etsy (NASDAQ:ETSY) traded 1.84% higher at $13.40. The company’s 50-day moving average is $15.38 and its 200-day moving average is $12.99. The last closing price is up 27.91% from the 200-day moving average, compared to the S&P 500 which has increased 0.02% over the same time period. 2,308,607 shares of the stock traded hands, up from an average trading volume of 1,707,330

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Etsy (NASDAQ:ETSY)

Etsy has a 52 week low of $9.41 and a 52 week high of $16.69 The company’s market cap is currently $0.

In addition to Citigroup reporting its stock price target, a total of 7 brokers have issued a research note on the company. The average stock price target is $10.93 with 1 broker rating the stock a strong buy, 0 brokers rating the stock a buy, 6 brokers rating the stock a hold, 1 broker rating the stock a underperform, and finally 0 brokers rating the stock a sell.

General Information About Etsy (NASDAQ:ETSY)

Etsy, Inc. (Etsy) operates a marketplace where people around the world connect, both online and offline, to make, sell and buy goods. The Company offers a range of seller services and tools that help entrepreneurs start, grow and manage their businesses. The Company's community includes Etsy sellers, Etsy buyers, Etsy employees, its partners and investors. As of December 31, 2016, its platform connected 1.7 million active Etsy sellers and 28.6 million active Etsy buyers. Etsy sellers join its community to participate in its markets to express their creativity. Etsy sellers range from hobbyists to professional merchants, and have a range of personal and professional goals. Its supports a group of artists, makers, designers and collectors from around the world. Its services platform includes seller services, seller tools and education. The Company's seller services include Direct Checkout, Promoted Listings, Shipping Labels and Pattern by Etsy.

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