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Citigroup issued a report on Etsy Inc (NASDAQ:ETSY), upping its target price to $16.00 today

Displaying a price of $12.71, Etsy Inc (NASDAQ:ETSY) traded 0.44% lower on the day. With the last stock price close up 33.75% relative to the two hundred day moving average, compared to the S&P 500 which has decreased -0.01% over the same time period. ETSY has logged a 50-day average of $13.37 and two hundred day moving average of $10.15. 3,930,521 shares of Etsy Inc were exchanged, up from ann average trading volume of 1,691,720

Etsy Inc (NASDAQ:ETSY) had its price target upped to $16 by Citigroup in a report announced 8/3/2016. The new target price implies a possible upside of 0.26% from the company’s last closing price.

Previously on 8/1/2016, Citigroup reported about Etsy Inc(NASDAQ:ETSY) bumped the target price from $0.00 to $14.00. At the time, this suggested an upside of 0.39%.

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A total of 7 brokerages have reported on ETSY. One analyst rate the stock a strong buy, 0 rate the stock a buy, six analyts rate the stock a hold, one brokerage rate the company to underperform, and lastly 0 firmsrate the stock as sell with a 12-month target price of $10.93

Etsy Inc has a 52 week low of $6.04 and a one-year high of $16.73 and has a total market value of $0.0.

General Company Details For 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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