Zacks Investment Research downgraded Etsy Inc (NASDAQ:ETSY) to Strong Sell in a report released today.
- Updated: October 17, 2016
Having a price of $14.37, Etsy Inc (NASDAQ:ETSY) traded -0.76% lower on the day. With the last stock price up 29.12% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same period. ETSY has recorded a 50-day average of $14.38 and a two hundred day average of $11.13. Trade Volume was down over the average, with 897,563 shares of ETSY changing hands under the typical 1,703,850
Zacks Investment Research has downgraded Etsy Inc (NASDAQ:ETSY) to Strong Sell in a statement released on Monday October 17, 2016.
On Thursday October 13, 2016, Wedbush released a statement about Etsy Inc (NASDAQ:ETSY) upped the target price from $13.00 to $15.00 that suggested a downside of -0.01%.
Recent Performance Chart
Etsy Inc has with a one year low of $6.04 and a one year high of $16.05 and has a market capitalization of $0.
A total of 7 brokerages have issued a ratings update on Etsy Inc. One brokerage rating the company a strong buy, zero brokerages rating the company a buy, six brokerages rating the company a hold, one brokerage rating the company a underperform, and finally zero brokerages rating the company a sell with a 12-month price target of $10.93.
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, PayPal and Etsy gift cards.
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