#3 - Etsy (NASDAQ:ETSY)
Etsy (NASDAQ: ETSY) - The numbers don’t lie. Etsy’s stock is up over 40% in 2019. Etsy was a stock that was stuck in neutral for many years. Some of that may have been due to the expectation that Etsy would fall victim to the Amazon effect, particularly as Amazon introduced its Handmade product. However, that threat has never materialized. In 2018, investors and analysts took notice, and the stock started its ascent. But is the stock a one-year wonder? The fundamentals would suggest not at all. One reason for this can be found in a healthy balance sheet that shows the company generating more than enough incoming cash to cover the interest on its $282 million debt load. It also appears that the market may be catching up to a stock that has been undervalued. Over the past five years, ETSY has reported positive year-over-year earnings growth. And that story becomes even stronger when you compare their average annual growth rate of 57% to the industry average of 23%. The company has also delivered a 19% return on equity (ROE) which also comes in above the industry average of 12%.
About Etsy
Etsy, Inc, together with its subsidiaries, operates two-sided online marketplaces that connect buyers and sellers in the United States, the United Kingdom, Germany, Canada, Australia, and France. Its primary marketplace is Etsy.com that connects artisans and entrepreneurs with various consumers. The company also offers Reverb, a musical instrument marketplace; Depop, a fashion resale marketplace; and Elo7, a Brazil-based marketplace for handmade and unique items.
Read More - Current Price
- $67.20
- Consensus Rating
- Hold
- Ratings Breakdown
- 11 Buy Ratings, 9 Hold Ratings, 3 Sell Ratings.
- Consensus Price Target
- $84.46 (25.7% Upside)
