Etsy - ETSY Stock Forecast, Price & News

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.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Stifel Nicolaus lowered their target price on Etsy from $130.00 to $125.00 in a report on Friday, July 15th. UBS Group lowered their target price on Etsy from $180.00 to $90.00 and set a "neutral" rating on the stock in a report on Friday, June 3rd. Truist Financial decreased their price objective on Etsy from $150.00 to $112.00 and set a "buy" rating on the stock in a report on Wednesday, July 20th. Loop Capital decreased their price objective on Etsy from $140.00 to $115.00 in a report on Thursday, April 21st. Finally, Oppenheimer increased their target price on shares of Etsy from $120.00 to $127.00 and gave the stock an "outperform" rating in a research report on Thursday, July 28th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and eleven have given a buy rating to the company's stock. According to data from MarketBeat, Etsy presently has an average rating of "Moderate Buy" and an average price target of $129.95.

Etsy Trading Down 1.9 %

Shares of NASDAQ:ETSY traded down $2.22 during mid-day trading on Thursday, hitting $114.68. The company's stock had a trading volume of 4,062,557 shares, compared to its average volume of 4,384,633. The stock has a market cap of $14.52 billion, a price-to-earnings ratio of 40.46, a price-to-earnings-growth ratio of 5.04 and a beta of 1.88. The company has a debt-to-equity ratio of 4.10, a current ratio of 2.93 and a quick ratio of 2.93. Etsy has a one year low of $67.01 and a one year high of $307.75. The company's fifty day simple moving average is $87.51 and its 200-day simple moving average is $108.94.

Etsy (NASDAQ:ETSY - Get Rating) last released its quarterly earnings data on Wednesday, July 27th. The specialty retailer reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.20. Etsy had a net margin of 17.01% and a return on equity of 67.88%. The business had revenue of $585.20 million for the quarter, compared to analyst estimates of $556.85 million. During the same quarter last year, the firm earned $0.68 EPS. Etsy's quarterly revenue was up 10.6% compared to the same quarter last year. On average, sell-side analysts anticipate that Etsy will post 2.19 earnings per share for the current fiscal year.

Insider Transactions at Etsy

In other Etsy news, CEO Josh Silverman sold 20,850 shares of the firm's stock in a transaction that occurred on Wednesday, May 25th. The shares were sold at an average price of $72.45, for a total value of $1,510,582.50. Following the sale, the chief executive officer now owns 102,707 shares in the company, valued at $7,441,122.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Etsy news, CEO Josh Silverman sold 20,850 shares of the firm's stock in a transaction that occurred on Wednesday, May 25th. The shares were sold at an average price of $72.45, for a total value of $1,510,582.50. Following the sale, the chief executive officer now owns 102,707 shares in the company, valued at $7,441,122.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Rachel C. Glaser sold 6,080 shares of Etsy stock in a transaction on Thursday, July 21st. The stock was sold at an average price of $95.00, for a total transaction of $577,600.00. Following the transaction, the chief financial officer now owns 42,709 shares in the company, valued at approximately $4,057,355. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 111,280 shares of company stock valued at $9,672,083. 3.10% of the stock is currently owned by company insiders.