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ETSY

Etsy

$14.68

0.48 (3.38%)

09:36
06/23/17
06/23
09:36
06/23/17
09:36

Several private equity firms have reached out to Etsy, Dealreporter says

While Etsy has not been reaching out to potential suitors, the company has been approached by several private equity firms to discuss a possible "go private" deal, said Dealreporter, according to contacts. A source told that news service that Etsy "appears open" to a deal at the right price, the report added, according to contacts.

ETSY Etsy
$14.68

0.48 (3.38%)

05/17/17
MAXM
05/17/17
NO CHANGE
Target $17
MAXM
Buy
Etsy shares can trade even higher, says Maxim
Maxim analyst Tom Forte noted the 21% pop in Etsy shares after the company said it is reviewing its strategy and would consider all options following the disclosure of two investors' combined 8% stake in the company. He raised his price target on Etsy to $17 from $13 as he sees further upside from either new management leveraging the company's high-potential business model or from the board opting to sell the company. Forte, who keeps a Buy rating on Etsy, estimates based on similar transactions that a sale could result in a share price of at least $16 if the board opts to go that route.
05/17/17
05/17/17
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Disney (DIS) downgraded to Neutral from Outperform at Macquarie with analyst Tim Nollen saying the company's exposure to cable and "outsized" subscriber declines at ESPN "have again become a focal point in investors' minds." 2. Pandora (P) downgraded to Buy from Conviction Buy at Goldman Sachs with analyst Heath Terry saying he was wrong in thinking the market would focus on new subscription products and a return to profitability by the fourth quarter. 3. Square (SQ) downgraded to Neutral from Buy at BTIG with analyst Mark Palmer citing valuation following the strong rally and removed his $20 price target. 4. AMD (AMD) downgraded to Hold from Buy at Loop Capital with analyst Betsy Van Hees saying she believes the stock is fairly valued and is already pricing in "a lot," including the launches of RYZEN CPUs, Vega GPUs and the new EPYC server chip. 5. Etsy (ETSY) downgraded to Hold from Buy at Loop Capital with analyst Blake Harper saying with Etsy's new management team undertaking an internal strategic and operational review, an imminent sale of the company is unlikely. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
05/25/17
SBSH
05/25/17
DOWNGRADE
Target $14
SBSH
Neutral
Etsy downgraded to Neutral from Buy at Citi
Citi analyst Mark Kelley downgraded Etsy to Neutral saying that while the stock has run on the company's review of alternatives, a takeover is not imminent. The stock could be worth $21-$22 if Etsy is acquired, but $7 if the company remains a stand-alone with little to no improvement in operational performance, Kelley tells investors in a research note. He tells investors to hold the stock if already involved and raised his price target for the shares to $14 from $13.
05/25/17
05/25/17
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. PayPal (PYPL) downgraded to Hold on valuation at Stifel with analyst Scott Devitt saying shares have reached his price target of $51 but said the company remains well positioned for long-term growth. 2. Etsy (ETSY) downgraded to Neutral from Buy at Citi with analyst Mark Kelley saying that while the stock has run on the company's review of alternatives, a takeover is not imminent. The stock could be worth $21-$22 if Etsy is acquired, but $7 if the company remains a stand-alone with little to no improvement in operational performance, Kelley tells investors in a research note. He tells investors to hold the stock if already involved and raised his price target for the shares to $14 from $13. 3. Fang Holdings (SFUN) downgraded to Neutral from Buy at UBS with the firm citing valuation and saying the eCommerce services and primary housing advertising still faces market risks and execution uncertainty. 4. Maximus (MMS) downgraded to Sector Weight from Overweight at KeyBanc with analyst Jason Gurda citing valuation and the current "pause" in federal procurement activity that could be longer and deeper than expected. 5. Hortonworks (HDP) downgraded to Neutral from Buy at Mizuho with analyst Abby Lamba citing the recent strength in shares and raised its price target to $14. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

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TSLA

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GSK

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SVM

Silvercorp Metals

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CEL

Cellcom Israel

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GASS

StealthGas

$4.07

0.36 (9.70%)

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CPRT

Copart

$41.01

4.31 (11.74%)

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  • 19

    Dec

DE

Deere

$145.25

6.02 (4.32%)

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  • 28

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DE

Deere

$145.25

6.02 (4.32%)

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  • 28

    Nov

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SECO

Seeco Holding

$8.34

0.14 (1.71%)

04:55
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  • 23

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BASFY

BASF

$27.39

-0.13 (-0.47%)

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  • 23

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RBS

RBS

$7.30

-0.04 (-0.54%)

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Conference/Events
RBS management to meet with Jefferies »

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  • 23

    Nov

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L

Loews

$49.36

-0.02 (-0.04%)

, GE

General Electric

$18.15

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BRFS

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SU

Suncor

$35.42

0.2 (0.57%)

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SAP

SAP

$113.85

-1.44 (-1.25%)

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FB

Facebook

$180.87

-0.99 (-0.54%)

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CSX

CSX

$51.01

0.79 (1.57%)

17:24
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  • 28

    Nov

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