Etsy, Inc. operates two-sided online marketplaces that connect buyers and sellers primarily in the United States, the United Kingdom, Germany, Canada, Australia, France, and India. 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. In addition, it offers various seller services, including Etsy Payments, a payment processing service; Etsy Ads, an advertising platform; and Shipping Labels, which allows sellers in the United States, Canada, the United Kingdom, Australia, and India to purchase discounted shipping labels. Further, the company provides various seller tools, including Shop Manager dashboard, a centralized hub for Etsy sellers to track orders, manage inventory, view metrics and statistics, and have conversations with their customers; and Sell on Etsy, an application to enable enhanced onboarding and video uploading. Additionally, it offers Etsy seller analytics pages that provides insights regarding traffic acquisition for their shops; Targeted Offers, a sales and promotions tool, and social media tool; and accounting and bookkeeping services. The company also provides educational resources comprising blog posts, video tutorials, Etsy Seller Handbook, Etsy.com online forums, and insights; Etsy Teams, a platform to build personal relationships with other Etsy sellers; and a Star Seller program. As of December 31, 2021, it connected a total of 7.5 million active sellers to 96.3 million active buyers; and had 120 million items for sale. The company was formerly known as Indieco, Inc changed its name to Etsy, Inc. in June 2006. Etsy, Inc. was founded in 2005 and is headquartered in Brooklyn, New York.
Etsy Price Performance
Shares of NASDAQ:ETSY opened at $119.91 on Monday. The company has a quick ratio of 2.93, a current ratio of 2.93 and a debt-to-equity ratio of 4.10. Etsy has a fifty-two week low of $67.01 and a fifty-two week high of $307.75. The firm has a 50-day simple moving average of $88.84 and a 200 day simple moving average of $108.04. The company has a market cap of $15.18 billion, a PE ratio of 42.22, a P/E/G ratio of 5.55 and a beta of 1.88.
Etsy (NASDAQ:ETSY - Get Rating) last posted its earnings results on Wednesday, July 27th. The specialty retailer reported $0.51 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.31 by $0.20. The firm had revenue of $585.20 million during the quarter, compared to analyst estimates of $556.85 million. Etsy had a net margin of 17.01% and a return on equity of 67.88%. Etsy's revenue was up 10.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.68 EPS. On average, sell-side analysts anticipate that Etsy will post 2.19 EPS for the current year.
Analyst Ratings Changes
A number of brokerages have commented on ETSY. Needham & Company LLC lowered shares of Etsy from a "buy" rating to a "hold" rating in a report on Monday, June 27th. Raymond James began coverage on shares of Etsy in a report on Wednesday, June 29th. They issued an "outperform" rating and a $100.00 price objective on the stock. StockNews.com lowered shares of Etsy from a "hold" rating to a "sell" rating in a report on Tuesday, April 19th. Loop Capital cut their price objective on shares of Etsy from $140.00 to $115.00 in a report on Thursday, April 21st. Finally, Evercore ISI cut their price objective on shares of Etsy from $130.00 to $95.00 and set an "outperform" rating on the stock in a report on Friday, July 1st. One research analyst has rated the stock with a sell rating, eight have given a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, Etsy presently has an average rating of "Moderate Buy" and a consensus price target of $129.95.
Insider Buying and Selling at Etsy
In other Etsy news, CEO Josh Silverman sold 20,850 shares of the business's stock in a transaction dated Wednesday, August 3rd. The shares were sold at an average price of $107.80, for a total transaction of $2,247,630.00. Following the completion of the transaction, the chief executive officer now directly owns 102,707 shares of the company's stock, valued at approximately $11,071,814.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Josh Silverman sold 20,850 shares of the company's stock in a transaction that occurred on Wednesday, August 3rd. The shares were sold at an average price of $107.80, for a total value of $2,247,630.00. Following the completion of the sale, the chief executive officer now directly owns 102,707 shares of the company's stock, valued at approximately $11,071,814.60. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CMO Ryan M. Scott sold 712 shares of the company's stock in a transaction that occurred on Friday, July 22nd. The stock was sold at an average price of $100.00, for a total transaction of $71,200.00. The disclosure for this sale can be found here. Insiders sold 111,280 shares of company stock valued at $9,672,083 in the last ninety days. Company insiders own 3.10% of the company's stock.