Etsy (NASDAQ:ETSY) Rating Reconfirmed

The company have set target price of $9.0 on Etsy (NASDAQ:ETSY) shares. This is -20.98 % from the last stock close price. In an analyst note revealed to investors and clients on Wednesday, 3 May, Wedbush reiterated their “Neutral” rating on shares of ETSY.

NASDAQ:ETSY is now trading 2.98% higher at $11.39 as of 12:01 AM New York time. Etsy’s stock is 0% in the past 200 days. It has underperformed the S&P500 Index, which has increased 10.61% in the same time period.

According to data compiled by Thomson Reuters, Etsy (NASDAQ:ETSY)’s stock is covered by 7 equity analysts across the Street, with 1 analysts giving it a Sell rating, 1 a Buy rating, while 6 consider it a Hold. The 12-month consensus target price for the stock is $10.93, which reflects an downside potential of 4.04% over the current price.

Etsy (NASDAQ:ETSY) Profile

Etsy, Inc. (Etsy) operates a marketplace where people around the world connect, both online and offline, to make, sell and buy goods. The Company offers a range of seller services and tools that help entrepreneurs start, grow and manage their businesses. The Company’s community includes Etsy sellers, Etsy buyers, Etsy employees, its partners and investors.

Etsy (NASDAQ:ETSY) traded up 2.98% on 3 May, hitting $11.39. A total of 4.58M shares of the company’s stock traded hands. This is up from average of 1.77M shares. Etsy has a 52 week low of $7.77 and a 52 week high of $16.05. The company has a market cap of $1.36B and a P/E ratio of 0.

Get the latest Etsy (NASDAQ:ETSY) Stock Ratings at Octafinance. Completely free access to our Analyst Ratings Database for 6000+ stocks.

The post Analysts at Wedbush Reiterate their “Neutral” rating for Etsy (NASDAQ:ETSY) with $9.0 TP appeared first on Octafinance.