Etsy Inc. (NASDAQ: ETSY) is 14.11% higher on its value in year-to-date trading and has touched a low of $67.01 and a high of $163.84 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The ETSY stock was last observed hovering at around $139.12 in the last trading session, with the day’s loss setting it -2.44% off its average median price target of $125.00 for the next 12 months. It is also 26.52% off the consensus price target high of $186.00 offered by 30 analysts, but current levels are -190.81% lower than the price target low of $47.00 for the same period.
Currently trading at $136.68, the stock is 8.39% and 9.17% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.04 million and changing -1.75% at the moment leaves the stock 31.48% off its SMA200. ETSY registered -8.18% loss for a year compared to 6-month gain of 41.68%.
The stock witnessed a 1.75% loss in the last 1 month and extending the period to 3 months gives it a 35.45%, and is 3.15% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.12% over the week and 4.54% over the month.
Etsy Inc. (ETSY) has around 2786 employees, a market worth around $16.81B and $2.48B in sales. Fwd P/E is 49.88. Profit margin for the company is -25.90%. Distance from 52-week low is 103.97% and -16.58% from its 52-week high. The company has generated returns on investments over the last 12 months (16.00%).
Etsy Inc. (ETSY) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Etsy Inc. (ETSY) is a “Overweight”. 30 analysts offering their recommendations for the stock have an average rating of 2.30, where 14 rate it as a Hold and 4 think it is a “Overweight”. 11 of the analysts rate the stock as a “Buy”. 1 analysts have rated the stock as a Sell or Underperform.
Etsy Inc. is expected to release its quarterly report on 05/03/2023.The EPS is expected to grow by 23.60% this year.
Etsy Inc. (ETSY) Top Institutional Holders
The shares outstanding are 126.35M, and float is at 124.75M with Short Float at 9.90%.
Etsy Inc. (ETSY) Insider Activity
A total of 134 insider transactions have happened at Etsy Inc. (ETSY) in the last six months, with sales accounting for 101 and purchases happening 33 times. The most recent transaction is an insider sale by Silverman Josh,the company’sPresident & CEO. SEC filings show that Silverman Josh sold 20,850 shares of the company’s common stock on Jan 18 at a price of $132.51 per share for a total of $2.76 million. Following the sale, the insider now owns 0.11 million shares.
Etsy Inc. disclosed in a document filed with the SEC on Jan 17 that Daniel Nicholas (Chief Product Officer) sold a total of 1,000 shares of the company’s common stock. The trade occurred on Jan 17 and was made at $135.18 per share for $0.14 million. Following the transaction, the insider now directly holds 3309.0 shares of the ETSY stock.
Still, SEC filings show that on Jan 04, Silverman Josh (President & CEO) disposed off 20,850 shares at an average price of $116.94 for $2.44 million. The insider now directly holds 107,305 shares of Etsy Inc. (ETSY).
Etsy Inc. (ETSY): Who are the competitors?
The company’s main competitors (and peers) include Amazon.com Inc. (AMZN) that is trading -32.47% down over the past 12 months and Walmart Inc. (WMT) that is 2.02% higher over the same period.