Etsy Inc (NASDAQ:ETSY) has been upgraded from Neutral to Buy in a statement by Monness Crespi earlier today.
- Updated: September 25, 2016
Just yesterday Etsy Inc (NASDAQ:ETSY) traded 2.67% higher at $13.51. Etsy Inc’s 50-day moving average is $13.94 and its 200-day moving average is $10.43. The last closing price is up 45.84% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 3,096,761 shares of ETSY traded hands, up from an average trading volume of 1,802,800
Monness Crespi has upgraded Etsy Inc (NASDAQ:ETSY) from Neutral to Buy in a report released on Wednesday September 21, 2016.
Previously on 09/14/2016, Loop Capital reported on Etsy Inc (NASDAQ:ETSY) increased the target price from $0.00 to $14.00. At the time, this indicated a possible upside of 0.02%.
Recent Performance Chart
Etsy Inc has 52 week low of $6.04 and a 52 week high of $15.70 and has a market cap of $0.
In addition to Monness Crespi reporting its target price, a total of 7 firms have reported on the stock. The consensus target price is $10.93 with 1 firm rating the stock a strong buy, 0 firms rating the stock a buy, 6 firms rating the stock a hold, 1 firm rating the stock a underperform, and finally 0 firms rating the stock a sell.
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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