A secret that hides Etsy Inc’s strength (NASDAQ:ETSY)

In yesterday’s Wall Street session, Etsy Inc (NASDAQ:ETSY) shares traded at $70.15, down -2.22% from the previous session.

As of this writing, 34 analysts cover Etsy Inc (NASDAQ:ETSY). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $125.00 and a low of $46.00, we find $70.00. Given the previous closing price of $71.74, this indicates a potential downside of -2.43 percent. ETSY stock price is now 8.92% away from the 50-day moving average and -22.15% away from the 200-day moving average. The market capitalization of the company currently stands at $8.40B.

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There are 15 analysts who have given it a hold rating, whereas 15 have given it a buy rating. Brokers who have rated the stock have averaged $74.41 as their price target over the next twelve months.

In other news, Silverman Josh, President & CEO sold 10,425 shares of the company’s stock on Oct 25. The stock was sold for $649,053 at an average price of $62.26. Upon completion of the transaction, the President & CEO now directly owns 23,140 shares in the company, valued at $1.62 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 11, President & CEO Silverman Josh sold 10,425 shares of the business’s stock. A total of $672,473 was realized by selling the stock at an average price of $64.51. This leaves the insider owning 23,140 shares of the company worth $1.62 million. Insiders disposed of 505,783 shares of company stock worth roughly $35.48 million over the past 1 year. A total of 0.83% of the company’s stock is owned by insiders.

Thursday morning saw Etsy Inc (NASDAQ: ETSY) opened at $70.03. During the past 12 months, Etsy Inc has had a low of $58.20 and a high of $149.91. According to the stock market information, the enterprise value for the company is $10.00B, which is based on a 29.38 price-to-earnings ratio, a 1.84 price-to-earnings-growth ratio, and a beta of 2.01. The fifty day moving average price for ETSY is $64.40 and a two-hundred day moving average price translates $90.10 for the stock.

The latest earnings results from Etsy Inc (NASDAQ: ETSY) was released for Sep, 2023. According to the Internet Retail Company, earnings per share came in at $0.64, beating analysts’ expectations of $0.51 by 0.13. This compares to -$7.62 EPS in the same period last year. The net profit margin was 12.30% and return on equity was -1224.50% for ETSY. The company reported revenue of $636.3 million for the quarter, compared to $594.47 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 7.04 percent. For the current quarter, analysts expect ETSY to generate $820.98M in revenue.

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.

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