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

ETSY has been the subject of several research reports. StockNews.com downgraded Etsy from a "hold" rating to a "sell" rating in a research report on Tuesday, April 19th. Stifel Nicolaus dropped their target price on Etsy from $130.00 to $125.00 in a research report on Friday, July 15th. Oppenheimer lifted their target price on Etsy from $120.00 to $127.00 and gave the company an "outperform" rating in a research report on Thursday, July 28th. KeyCorp initiated coverage on Etsy in a research report on Wednesday, July 20th. They issued a "sector weight" rating for the company. Finally, Piper Sandler assumed coverage on Etsy in a research report on Wednesday, August 3rd. They issued a "neutral" rating and a $95.00 target price for the company. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Etsy presently has a consensus rating of "Hold" and an average target price of $129.35.

Etsy Stock Performance

NASDAQ:ETSY traded down $3.95 on Wednesday, reaching $116.91. The stock had a trading volume of 2,640,595 shares, compared to its average volume of 4,346,395. The company has a debt-to-equity ratio of 4.10, a quick ratio of 2.93 and a current ratio of 2.93. Etsy has a 12-month low of $67.01 and a 12-month high of $307.75. The business's 50-day moving average price is $90.94 and its 200 day moving average price is $107.99. The stock has a market cap of $14.80 billion, a P/E ratio of 41.17, a price-to-earnings-growth ratio of 5.45 and a beta of 1.88.

Etsy (NASDAQ:ETSY - Get Rating) last released 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. Etsy had a return on equity of 67.88% and a net margin of 17.01%. The business had revenue of $585.20 million for the quarter, compared to analyst estimates of $556.85 million. During the same quarter in the previous year, the company posted $0.68 earnings per share. The company's revenue for the quarter was up 10.6% compared to the same quarter last year. As a group, equities analysts expect that Etsy will post 2.19 earnings per share for the current year.

Insider Buying and Selling

In other Etsy news, CEO Josh Silverman sold 20,850 shares of the business's stock in a transaction on Wednesday, June 22nd. The stock was sold at an average price of $74.14, for a total transaction of $1,545,819.00. Following the sale, the chief executive officer now directly owns 102,707 shares in the company, valued at $7,614,696.98. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Etsy news, CEO Josh Silverman sold 20,850 shares of the business's stock in a transaction on Wednesday, June 22nd. The stock was sold at an average price of $74.14, for a total transaction of $1,545,819.00. Following the sale, the chief executive officer now directly owns 102,707 shares in the company, valued at $7,614,696.98. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CMO Ryan M. Scott sold 712 shares of the business's stock in a transaction on Friday, July 22nd. The stock was sold at an average price of $100.00, for a total value of $71,200.00. The disclosure for this sale can be found here. Insiders have sold 114,320 shares of company stock valued at $10,029,375 over the last quarter. Company insiders own 3.10% of the company's stock.