In a report released today, Edward Yruma from KeyBanc maintained a Buy rating on Etsy Inc (NASDAQ: ETSY), with a price target of $59. The company’s shares closed yesterday at $49.96, close to its 52-week high of $53.25.
According to TipRanks.com, Yruma is a 4-star analyst with an average return of 10.0% and a 59.5% success rate. Yruma covers the Services sector, focusing on stocks such as Weight Watchers International, Wal-Mart Stores Inc, and Urban Outfitters.
Currently, the analyst consensus on Etsy Inc is a Moderate Buy with an average price target of $51.50, a 3.1% upside from current levels. In a report issued on September 18, Roth Capital also maintained a Buy rating on the stock with a $52 price target.
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Based on Etsy Inc’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $3.38 million. In comparison, last year the company had a net profit of $25.78 million.
Based on the recent corporate insider activity of 27 insiders, corporate insider sentiment is negative on the stock. Most recently, in August 2018, Michele Burns, a Director at ETSY sold 15,000 shares for a total of $695,250.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Etsy, Inc. engages in the management of an online marketplace. It operates a technology platform which allows sellers to manage and scale their business. It offers handmade products such as shoes, clothing, bags, and accessories. It operates through the United States and International geographical segments.
