In a report issued on March 26, Shweta Khajuria from RBC Capital maintained a Buy rating on Etsy (ETSY), with a price target of $54.00. The company’s shares closed last Friday at $38.67.
According to TipRanks.com, Khajuria is a 1-star analyst with an average return of -15.3% and a 23.1% success rate. Khajuria covers the Technology sector, focusing on stocks such as J2 Global, TrueCar, and SciPlay.
Currently, the analyst consensus on Etsy is a Moderate Buy with an average price target of $61.54, a 52.9% upside from current levels. In a report issued on March 12, SunTrust Robinson also maintained a Buy rating on the stock with a $64.00 price target.
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The company has a one-year high of $71.81 and a one-year low of $29.96. Currently, Etsy has an average volume of 3.32M.
Based on the recent corporate insider activity of 60 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ETSY in relation to earlier this year. Earlier this month, Michele Burns, a Director at ETSY sold 9,676 shares for a total of $573,913.
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. Its technology platform allows sellers to manage and scale their business. The firm offers handmade products such as shoes, clothing, bags, and accessories. It operates through the United States and International geographical segments. The company was founded by Haim Schoppik, Robert Kalin, Jared Tarbell, and Christopher Maguires in June 2005 and is headquartered in Brooklyn, NY.
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