At the time of writing, Etsy Inc [ETSY] stock is trading at $68.67, up 3.89%. An important factor to consider is whether the stock is rising or falling in short-term value. The ETSY shares have gain 5.35% over the last week, with a monthly amount drifted -5.03%, and not seem to be holding up well over a long-time horizon.
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On 4, March 2024, Etsy to Participate in Upcoming Investor Conferences. In a post published today on Yahoo Finance, Etsy, Inc. (Nasdaq: ETSY), which operates two-sided online marketplaces that connect millions of passionate and creative buyers and sellers around the world, today announced participation at the following webcasted investor events, which you can find on our investor relations website at investors.etsy.com.
From an analyst’s perspective:
Etsy Inc [NASDAQ: ETSY] stock has seen the most recent analyst activity on February 22, 2024, when BTIG Research reiterated its Buy rating and also revised its price target to $87 from $90. Previously, Goldman downgraded its rating to Neutral on January 10, 2024, and dropped its price target to $80. On December 14, 2023, Wolfe Research reiterated its Outperform rating and revised its price target to $100 on the stock. Wedbush reiterated its Neutral rating and increased its price target to $90 on December 14, 2023. B. Riley Securities initiated its recommendation with a Buy and recommended $100 as its price target on December 08, 2023. Truist reiterated a Buy rating for this stock on December 05, 2023, and upped its price target to $87.
For the past year, the stock price of Etsy Inc fluctuated between $58.20 and $105.29. Currently, Wall Street analysts expect the stock to reach $133.57 within the next 12 months. Etsy Inc [NASDAQ: ETSY] shares were valued at $68.67 at the most recent close of the market. An investor can expect a potential return of 94.51% based on the average ETSY price forecast.
Analyzing the ETSY fundamentals
According to Etsy Inc [NASDAQ:ETSY], the company’s sales were 2.75B for trailing twelve months, which represents an 4.35% jump. Gross Profit Margin for this corporation currently stands at 0.7% with Operating Profit Margin at 0.1%, Pretax Profit Margin comes in at 0.11%, and Net Profit Margin reading is 0.11%. To continue investigating profitability, this company’s Return on Assets is posted at 0.11, Equity is -0.57 and Total Capital is 0.14. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-4.39.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 66.59 points at the first support level, and at 64.52 for the second support level. However, for the 1st resistance point, the stock is sitting at 69.73, and for the 2nd resistance point, it is at 70.80.
Etsy Inc [ETSY] reported earnings per share of $0.62 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.77/share, meaning a difference of -$0.15 and a surprise factor of -19.50%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.64 per share as compared to estimates of $0.51 per share, a difference of $0.13 representing a surprise of 25.50%.
Ratios To Look Out For
It is important to note that Etsy Inc [NASDAQ:ETSY] has a current ratio of 2.21. On the other hand, the Quick Ratio is 2.21, and the Cash Ratio is 1.29. Considering the valuation of this stock, the price to sales ratio is 2.96 and price to earnings (TTM) ratio is 30.54.
Transactions by insiders
Recent insider trading involved Buckley Merilee, CHIEF ACCOUNTING OFFICER, that happened on Apr 03 ’24 when 1671.0 shares were sold. CHIEF PRODUCT OFFICER, Daniel Nicholas completed a deal on Apr 01 ’24 to sell 750.0 shares. Meanwhile, PRESIDENT & CEO Silverman Josh sold 63047.0 shares on Feb 27 ’24.
