Currently, Etsy Inc [ETSY] is trading at $67.05, down -1.99%. An important factor to consider is whether the stock is rising or falling in short-term value. The ETSY shares have gain 3.19% over the last week, with a monthly amount drifted -3.88%, and not seem to be holding up well over a long-time horizon.
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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.
This stock has fluctuated between a low of $58.20 and a high of $105.29 over the last 52 weeks. Currently, Wall Street analysts expect the stock to reach $131.39 within the next 12 months. Etsy Inc [NASDAQ: ETSY] shares were valued at $67.05 at the most recent close of the market. An investor can expect a potential return of 95.96% based on the average ETSY price forecast.
Analyzing the ETSY fundamentals
Trailing Twelve Months sales for Etsy Inc [NASDAQ:ETSY] were 2.75B which represents 4.35% growth. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -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 66.36 points at the first support level, and at 65.67 for the second support level. However, for the 1st resistance point, the stock is sitting at 68.04, and for the 2nd resistance point, it is at 69.03.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Etsy Inc [NASDAQ:ETSY] is 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 2.89 and price to earnings (TTM) ratio is 29.82.
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.
