Monness Crespi Hardt Upgrades Etsy Inc to Buy

Brokerage firm Monness Crespi Hardt Upgrades its rating on Etsy Inc(NASDAQ:ETSY). The shares have been rated Buy. Previously, the analysts had a Neutral rating on the shares. The rating by Monness Crespi Hardt was issued on Sep 21, 2016.

In a different note, 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. On Aug 3, 2016, Roth Capital said it Upgrades its rating on Etsy Inc. The shares have been rated ‘Neutral’ by the firm.

Etsy Inc (ETSY) made into the market gainers list on Tuesdays trading session with the shares advancing 1.12% or 0.15 points. Due to strong positive momentum, the stock ended at $13.51, which is also near the day’s high of $13.76. The stock began the session at $13.48 and the volume stood at 10,72,735 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 $1,537 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 Aug 9, 2016, Frederick R Wilson (director) sold 216,399 shares at $13.60 per share price.Also, On Aug 9, 2016, Jordan J Breslow (General Counsel and Secretary) sold 1,868 shares at $13.59 per share price.On Aug 4, 2016, John Allspaw (Chief Technology Officer) sold 63,468 shares at $12.50 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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