Roth Capital Believes Etsy Inc (ETSY) Won’t Stop Here


In a report released today, Darren Aftahi from Roth Capital maintained a Buy rating on Etsy Inc (ETSY), with a price target of $64. The company’s shares opened today at $55.96, close to its 52-week high of $60.58.

According to TipRanks.com, Aftahi is a 5-star analyst with an average return of 13.2% and a 56.8% success rate. Aftahi covers the Technology sector, focusing on stocks such as Digital Turbine Inc, The Meet Group Inc, and Mitek Systems Inc.

Etsy Inc has an analyst consensus of Strong Buy, with a price target consensus of $62.67, which is an 12.0% upside from current levels. In a report issued on January 29, Deutsche Bank also initiated coverage with a Buy rating on the stock with a $64 price target.

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The company has a one-year high of $60.58 and a one-year low of $19.23. Currently, Etsy Inc has an average volume of 2.5M.

Based on the recent corporate insider activity of 36 insiders, corporate insider sentiment is negative on the stock. Most recently, in November 2018, Jonathan D. Klein, a Director at ETSY sold 35,900 shares for a total of $1,835,208.

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.