In yesterday’s Wall Street session, Etsy Inc. (NASDAQ:ETSY) shares traded at $96.54, down -0.21% from the previous session.
31 analysts cover Etsy Inc. (NASDAQ:ETSY), according to research data. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $170.00 and a low of $46.00, we find $109.00. Given the previous closing price of $96.74, this indicates a potential upside of 12.67 percent. ETSY stock price is now 7.30% away from the 50-day moving average and -11.85% away from the 200-day moving average. The market capitalization of the company currently stands at $11.46B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
The stock has received a hold rating from 13 analysts and a buy rating from 12. Brokers who have rated the stock have averaged $111.98 as their price target over the next twelve months.
With the price target reduced from $120 to $105, UBS maintained Neutral rating for Etsy Inc. (NASDAQ: ETSY).
In other news, Silverman Josh, President & CEO sold 20,850 shares of the company’s stock on Jul 19. The stock was sold for $1,988,064 at an average price of $95.35. Upon completion of the transaction, the President & CEO now directly owns 14,674 shares in the company, valued at $1.42 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jul 05, President & CEO Silverman Josh sold 10,425 shares of the business’s stock. A total of $873,618 was realized by selling the stock at an average price of $83.80. This leaves the insider owning 14,674 shares of the company worth $1.42 million. Insiders disposed of 731,691 shares of company stock worth roughly $70.64 million over the past 1 year. A total of 0.60% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in ETSY stock. A new stake in Etsy Inc. shares was purchased by DEEPWATER ASSET MANAGEMENT, LLC during the first quarter worth $13,350,000. AUSTRALIANSUPER PTY LTD invested $8,466,000 in shares of ETSY during the first quarter. In the first quarter, NUMERAI GP LLC acquired a new stake in Etsy Inc. valued at approximately $6,025,000. TRUE SIGNAL LP acquired a new stake in ETSY for approximately $4,716,000. PDT PARTNERS, LLC purchased a new stake in ETSY valued at around $3,233,000 in the second quarter. In total, there are 1,123 active investors with 101.74% ownership of the company’s stock.
On Monday morning Etsy Inc. (NASDAQ: ETSY) stock kicked off with the opening price of $96.61. During the past 12 months, Etsy Inc. has had a low of $80.44 and a high of $149.91. The fifty day moving average price for ETSY is $90.00 and a two-hundred day moving average price translates $109.44 for the stock.
The latest earnings results from Etsy Inc. (NASDAQ: ETSY) was released for Mar, 2023. The net profit margin was -26.90% and return on equity was 253.80% for ETSY. The company reported revenue of $640.88 million for the quarter, compared to $579.27 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 10.64 percent.
Etsy Inc.(ETSY) Company Profile
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, 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 includes ability to manage inventory, check order status, receive notifications about repeat customers, add photos, listing videos, and purchase and print shipping labels. Additionally, it offers 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, 2022, it connected a total of 7.5 million active sellers to 95.1 million active buyers. 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.
