Maxim Group Maintains Etsy Inc to Buy with Price Target $17.00

Brokerage firm Maxim Group Maintains its rating on Etsy Inc(NASDAQ:ETSY). In a research note issued to the investors, the brokerage major Raises the price-target to $17.00 per share. The shares have been rated Buy. The rating by Maxim Group was issued on Sep 26, 2016.

In a different note, On Sep 21, 2016, Monness Crespi Hardt said it Upgrades its rating on Etsy Inc. The shares have been rated ‘Buy’ by the firm. Loop Capital said it Initiates Coverage on Etsy Inc, according to a research note issued on Sep 13, 2016. The shares have been rated ‘Hold’ by the firm. On Aug 3, 2016, Citigroup said it Maintains its rating on Etsy Inc. In the research note, the firm Raises the price-target to $14.00 per share. The shares have been rated ‘Buy’ by the firm. On Aug 3, 2016, Goldman Sachs said it Maintains its rating on Etsy Inc. In the research note, the firm Raises the price-target to $11.00 per share. The shares have been rated ‘Neutral’ by the firm. On Aug 3, 2016, Citigroup said it Maintains its rating on Etsy Inc. In the research note, the firm Raises the price-target to $14.00 per share. The shares have been rated ‘Buy’ by the firm. On Aug 3, 2016, Morgan Stanley said it Maintains its rating on Etsy Inc. In the research note, the firm Raises the price-target to $9.00 per share. The shares have been rated ‘Equal-weight’ by the firm.

Etsy Inc (ETSY) made into the market gainers list on Thursdays trading session with the shares advancing 1.93% or 0.28 points. Due to strong positive momentum, the stock ended at $14.82, which is also near the day’s high of $14.82. The stock began the session at $14.69 and the volume stood at 24,77,777 shares. The 52-week high of the shares is $16.73 and the 52 week low is $6.04. The company has a current market capitalization of $1,686 M and it has 11,37,41,588 shares in outstanding.

Etsy Inc(ETSY) last announced its earnings results on Aug 2, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $85.35M. Analysts had an estimated revenue of $80.55M. Earnings per share were $-0.06. Analysts had estimated an EPS of $-0.01.

Several Insider Transactions has been reported to the SEC. On Sep 23, 2016, Kristina Salen (Chief Financial Officer) sold 156,839 shares at $15.00 per share price.Also, On Sep 23, 2016, John Allspaw (Chief Technology Officer) sold 36,532 shares at $15.00 per share price.On Aug 9, 2016, Frederick R Wilson (director) sold 216,399 shares at $13.60 per share price, according to the Form-4 filing with the securities and exchange commission.

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 Company’s 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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