Stifel Nicolaus Keeps a Hold Rating on Etsy Inc

By Jason Carr

In a report issued on June 21, Scott Devitt from Stifel Nicolaus reiterated a Hold rating on Etsy Inc (NASDAQ: ETSY), with a price target of $13. The company’s shares closed yesterday at $15.24, close to its 52-week high of $16.05.

According to TipRanks.com, Devitt is a top 100 analyst with an average return of 19.5% and a 74.6% success rate. Devitt covers the Technology sector, focusing on stocks such as IAC/InterActiveCorp, Informatica Corp, and Paypal Holdings.

Currently, the analyst consensus on Etsy Inc is Hold and the average price target is $13.83, representing a -9.3% downside.

In a report issued on June 22, Roth Capital also maintained a Hold rating on the stock with a $14 price target.

Based on Etsy Inc’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $96.89 million and GAAP net loss of $421K. In comparison, last year the company earned revenue of $81.85 million and had a net profit of $1.19 million.

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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.,008HL3-E