Analyst Price Target Update on Etsy (NASDAQ:ETSY)

Etsy (NASDAQ:ETSY): The stock price is expected to reach $ 9.38 in the short term. The number of analysts agreeing with this consensus is 4. The higher estimate for the short term price target is at $12 while the lower estimate is at $7. The standard deviation of the price stands at $2.29.

Many analysts have stated their opinion on the company shares. Maxim Group initiates coverage on Etsy (NASDAQ:ETSY). The shares have now been rated Buy by the stock experts at the ratings house. Maxim Group announces the current price target of $12 per share on Etsy . The rating by the firm was issued on May 26, 2016. Company shares have received an average consensus rating of Hold for the current week

On the companys insider trading activities, The director, of Etsy Inc, Wilson Frederick R had unloaded 30,130 shares at $8.23 per share in a transaction on May 6, 2016. The total value of transaction was $247,970. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

Etsy (NASDAQ:ETSY) : On Monday heightened volatility was witnessed in Etsy (NASDAQ:ETSY) which led to swings in the share price. The stock opened for trading at $9.39 and hit $9.7 on the upside , eventually ending the session at $9.57, with a gain of 1.38% or 0.13 points. The heightened volatility saw the trading volume jump to 1,264,528 shares. The 52-week high of the share price is $23.44 and the company has a market cap of $1,082 million. The 52-week low of the share price is at $6.04 .

Etsy, Inc. operates a marketplace where people connect, both online and offline, to make, sell and buy goods. The Company operates at the center of macroeconomic trends in online and mobile commerce, employment, consumption and manufacturing. Its sellers offer goods in online retail categories, including jewelry, stationery, clothing, home goods, craft supplies and vintage items. The Company supports a range of artists, makers, designers and collectors. The Companys community is made up of entrepreneurs who sell on its platform, consumers looking to buy goods in its marketplace, manufacturers who help its sellers grow their businesses and its employees who maintain its platform. The Company offers a range of services for its sellers, which include promoted listings, direct checkout and shipping labels. It also provides a range of tools for its buyers, including communication, search and discovery and mobile.

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