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Zacks Investment Research downgraded Etsy Inc (NASDAQ:ETSY) to Hold in a report released today.

Zacks Investment Research has downgraded Etsy Inc (NASDAQ:ETSY) to Hold in a report released on 10/04/2016.

Previously on Monday October 03, 2016, Zacks Investment Research reported about Etsy Inc (NASDAQ:ETSY) raised the target price from $0.00 to $16.00. At the time, this indicated a possible upside of 0.09%.

Yesterday Etsy Inc (NASDAQ:ETSY) traded 4.42% higher at $15.37. The company’s 50-day moving average is $14.08 and its 200-day moving average is $10.74. The last stock close price is up 43.12% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 2,713,018 shares of Etsy Inc exchanged hands, up from an average trading volume of 1,696,150

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Etsy Inc (NASDAQ:ETSY)

Etsy Inc has a with a one year low of $6.04 and a one year high of $15.83 ETSY’s market capitalization is currently $0.

In addition to Zacks Investment Research 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.

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, PayPal and Etsy gift cards.

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