Etsy (ETSY) Stock Forecast, Price & News

23 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Etsy in the last twelve months. There are currently 2 sell ratings, 8 hold ratings and 13 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" ETSY shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ETSY, but not buy additional shares or sell existing shares.
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23 brokers have issued 1 year price targets for Etsy's stock. Their ETSY share price forecasts range from $70.00 to $170.00. On average, they anticipate the company's share price to reach $126.22 in the next year. This suggests a possible upside of 38.3% from the stock's current price.
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Etsy's stock was trading at $119.78 at the beginning of the year. Since then, ETSY shares have decreased by 23.8% and is now trading at $91.24.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 26th 2023.
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Etsy, Inc. (NASDAQ:ETSY) posted its earnings results on Wednesday, May, 3rd. The specialty retailer reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.05. The specialty retailer had revenue of $640.90 million for the quarter, compared to analyst estimates of $620.92 million. Etsy had a negative trailing twelve-month return on equity of 118.74% and a negative net margin of 26.86%. Etsy's revenue for the quarter was up 10.6% on a year-over-year basis. During the same quarter last year, the business earned $0.60 earnings per share.
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ETFs with the largest weight of Etsy (NASDAQ:ETSY) stock in their portfolio include UPHOLDINGS Compound Kings ETF (KNGS), ProShares Online Retail ETF (ONLN), ProShares Long Online/Short Stores ETF (CLIX), AOT Growth & Innovation ETF (AOTG), Franklin Disruptive Commerce ETF (BUYZ), Global X E-Commerce ETF (EBIZ), Amplify Online Retail ETF (IBUY) and Meet Kevin Pricing Power ETF (PP).

Etsy updated its second quarter 2023 earnings guidance on Wednesday, May, 3rd. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $590.00 million-$640.00 million, compared to the consensus revenue estimate of $625.35 million.

138 employees have rated Etsy Chief Executive Officer Josh Silverman on Glassdoor.com. Josh Silverman has an approval rating of 84% among the company's employees. 91.0% of employees surveyed would recommend working at Etsy to a friend.

Based on aggregate information from My MarketBeat watchlists, some companies that other Etsy investors own include NVIDIA (NVDA), Block (SQ), Tesla (TSLA), Alibaba Group (BABA), PayPal (PYPL), Netflix (NFLX), Advanced Micro Devices (AMD), Shopify (SHOP), Walt Disney (DIS) and Salesforce (CRM).

(ETSY) raised $250 million in an IPO on Thursday, April 16th 2015. The company issued 16,700,000 shares at $14.00-$16.00 per share. Goldman Sachs served as the underwriter for the IPO and Morgan Stanley and Allen & Company were co-managers.

Etsy trades on the NASDAQ under the ticker symbol "ETSY."

Etsy's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Clearbridge Investments LLC (2.64%), Geode Capital Management LLC (2.16%), Two Sigma Advisers LP (1.65%), Bares Capital Management Inc. (1.62%), Van ECK Associates Corp (1.27%) and Two Sigma Investments LP (1.16%). Insiders that own company stock include Frederick R Wilson, Goyal Kruti Patel, Jill Simeone, Jonathan D Klein, Josh Silverman, M Michele Burns, Margaret Mary Smyth, Melissa Reiff, Merilee Buckley, Michael T Fisher, Nicholas Daniel, Rachel C Glaser, Rachel C Glaser, Raina Moskowitz, Ryan M Scott and Ryan M Scott.
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Shares of ETSY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of ETSY stock can currently be purchased for approximately $91.24.

Etsy (NASDAQ:ETSY) has a market capitalization of $11.25 billion and generates $2.57 billion in revenue each year. The specialty retailer earns $-694,290,000.00 in net income (profit) each year or ($5.81) on an earnings per share basis.

The company employs 2,790 workers across the globe.

Etsy's mailing address is 117 ADAMS STREET, BROOKLYN NY, 11201. The official website for the company is www.etsy.com. The specialty retailer can be reached via phone at (718) 880-3660 or via email at ir@etsy.com.