Brean Capital reaffirmed their buy rating on shares of Etsy Inc (NASDAQ:ETSY) in a research report sent to investors on Wednesday morning, Market Beat reports. Brean Capital currently has a $20.00 price objective on the stock.

Several hedge funds and institutional investors have added to or reduced their stakes in the company. Janus Capital Management boosted its position in Etsy by 40.2% in the third quarter. Janus Capital Management now owns 429,496 shares of the company’s stock valued at $5,880,000 after buying an additional 123,161 shares during the period. Hamilton Lane Advisors LLC acquired a new position in Etsy during the fourth quarter valued at approximately $4,651,000. Finally, Hillman Company boosted its position in Etsy by 15.9% in the fourth quarter. Hillman Company now owns 885,301 shares of the company’s stock valued at $7,312,586 after buying an additional 121,551 shares during the period.

A number of other equities research analysts also recently issued reports on the company. Vetr raised Etsy from a buy rating to a strong-buy rating and set a $10.72 price target for the company in a research report on Monday, November 9th. Wedbush reissued an underperform rating and set a $9.00 price target on shares of Etsy in a research report on Tuesday, September 29th. Zacks Investment Research raised Etsy from a sell rating to a hold rating in a research report on Wednesday, October 7th. Finally, Monness Crespi & Hardt started coverage on Etsy in a research report on Monday, October 12th. They set a sell rating and a $10.00 price target for the company. Two research analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus price target of $12.48.

Shares of Etsy (NASDAQ:ETSY) traded down 2.29% during midday trading on Wednesday, hitting $7.25. The stock had a trading volume of 807,922 shares. Etsy has a one year low of $6.04 and a one year high of $35.74. The stock has a 50 day moving average of $8.35 and a 200-day moving average of $12.30. The company’s market cap is $804.75 million.

Etsy (NASDAQ:ETSY) last posted its quarterly earnings results on Tuesday, November 3rd. The company reported ($0.06) earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of ($0.06). The firm had revenue of $65.70 million for the quarter, compared to analysts’ expectations of $66.46 million. Etsy’s revenue was up 38.0% compared to the same quarter last year. Analysts forecast that Etsy will post ($0.56) EPS for the current fiscal year.

Etsy, Inc. operates a marketplace where people connect, both online and offline, to make, sell and buy goods. The Company operates at the center of macroeconomic trends in online and mobile commerce, employment, consumption and manufacturing. Its sellers offer goods in online retail categories, including jewelry, stationery, clothing, home goods, craft supplies and vintage items. The Company supports a range of artists, makers, designers and collectors. The Company’s community is made up of entrepreneurs who sell on its platform, consumers looking to buy goods in its marketplace, manufacturers who help its sellers grow their businesses and its employees who maintain its platform. The Company offers a range of services for its sellers, which include promoted listings, direct checkout and shipping labels. It also provides a range of tools for its buyers, including communication, search and discovery and mobile.

12 Month Chart for NASDAQ:ETSY

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