Etsy (ETSY) is Initiated by ROTH Capital to Sell, Price Target at $5.75

Etsy (ETSY) is Initiated by ROTH Capital to Sell according to the research report released to the investors. The brokerage firm has set the Price Target of the shares at $5.75. The shares recommendation by the Brokerage Firm was released on Dec-22-2015.

Shares of Etsy, Inc. (NASDAQ:ETSY) ended Thursday session in red amid volatile trading. The shares closed down 0.2 points or 2.04% at $9.59 with 706,440 shares getting traded. Post opening the session at $9.76, the shares hit an intraday low of $9.56 and an intraday high of $9.95 and the price vacillated in this range throughout the day. The company has a market cap of $1,075 million and the number of outstanding shares has been calculated to be 112,101,830 shares. The 52-week high of Etsy, Inc. (NASDAQ:ETSY) is $35.74 and the 52-week low is $7.91.

During the last several months other analysts have commented on the company rating. Topeka Capital initiates coverage on Etsy, Inc. (NASDAQ:ETSY). Topeka Capital has a Hold rating on the shares. As per the latest report, the brokerage house announces the price target to $9 per share. The rating by the firm was issued on November 17, 2015.

Research firm Zacks has rated Etsy, Inc. (NASDAQ:ETSY) and has ranked it at 3, indicating that for the short term the shares are a hold. 4 Wall Street analysts have given the company an average rating of 2.5. The shares has received a hold rating based on the suggestion from 3 analysts in latest recommendations. Strong buy was given by 1 Wall Street Analysts.

Etsy, Inc. (NASDAQ:ETSY): According to 3 Analysts, The short term target price has been estimated at $ 14.5.The target price could deviate by a maximum of $5.5 from the forecast price. In the near term, the target price could hit a high of $20 and a low of $ 9.

Shares of Etsy, Inc. rose by 3.79% in the last five trading days and 8.85% for the last 4 weeks. Etsy, Inc. has dropped 37.73% during the last 3-month period . Year-to-Date the stock performance stands at -68.03%.