Smarter Analyst

Etsy Inc (ETSY) Received its Third Buy in a Row

After KeyBanc and Nomura gave Etsy Inc (NASDAQ: ETSY) a Buy rating last month, the company received another Buy, this time from Roth Capital. Analyst Darren Aftahi maintained a Buy rating on Etsy Inc yesterday and set a price target of $76.00. The company’s shares closed last Monday at $58.04.

According to TipRanks.com, Aftahi is a 5-star analyst with an average return of 11.0% and a 45.9% success rate. Aftahi covers the Technology sector, focusing on stocks such as Digital Turbine Inc, The Meet Group Inc, and Mitek Systems Inc.

Currently, the analyst consensus on Etsy Inc is a Strong Buy with an average price target of $74.00.

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Etsy Inc’s market cap is currently $6.99B and has a P/E ratio of 67.84. The company has a Price to Book ratio of 15.79.

Based on the recent corporate insider activity of 52 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.

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. The company offers handmade products such as shoes, clothing, bags, and accessories. It operates through the United States and International geographical segments.