Etsy Inc was Downgraded to a Hold Rating at Loop Capital Markets

By Austin Angelo

In a report released today, Blake Harper from Loop Capital Markets downgraded Etsy Inc (NASDAQ: ETSY) to Hold. The company’s shares closed yesterday at $13.73.

According to TipRanks.com, Harper is a 1-star analyst with an average return of -3.4% and a 46.6% success rate. Harper covers the Technology sector, focusing on stocks such as Quotient Technology Inc, The Meet Group Inc, and Angie’s List Inc.

Currently, the analyst consensus on Etsy Inc is Hold and the average price target is $12.25, representing a -10.8% downside.

In a report issued on May 3, Stifel Nicolaus also reiterated a Hold rating on the stock with a $13 price target.

The company has a one year high of $16.05 and a one year low of $8.11. Currently, Etsy Inc has an average volume of 2.8M.

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Etsy, Inc. engages in the management of an online marketplace. It operates through the United States and International geographical segments. It offers handmade products such as shoes, clothing, bags, and accessories. The company was founded by Haim Schoppik, Robert Kalin, Jared Tarbell, and Christopher Maguires in 2005 and is headquartered in Brooklyn, NY.