Etsy Inc (NASDAQ: ETSY) is -17.53% lower on its value in year-to-date trading and has touched a low of $58.20 and a high of $116.15 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The ETSY stock was last observed hovering at around $66.07 in the last trading session, with the day’s gains setting it 0.77%.
Currently trading at $66.84, the stock is -5.43% and -7.19% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.95 million and changing 1.17% at the moment leaves the stock -12.01% off its SMA200. ETSY registered -36.55% loss for a year compared to 6-month gain of 4.68%. The firm has a 50-day simple moving average (SMA 50) of $3.33 and a 200-day simple moving average (SMA200) of $23.00.
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The stock witnessed a -12.71% loss in the last 1 month and extending the period to 3 months gives it a -17.15%, and is -6.41% down 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 4.10% over the week and 3.91% over the month.
Etsy Inc (ETSY) has around 2420 employees, a market worth around $7.92B and $2.75B in sales. Current P/E ratio is 29.73 and Fwd P/E is 22.14. Profit margin for the company is 11.19%. Distance from 52-week low is 14.85% and -42.45% from its 52-week high. The company has generated returns on investments over the last 12 months (16.35%).
Etsy Inc quarterly earnings per share for the current quarter are estimated at $0.5 with sales reaching $646.24M over the same period.The EPS is expected to grow by 15.96% this year, but quarterly earnings will post 3.40% year-over-year. Quarterly sales are estimated to grow 0.80% in year-over-year returns.
Etsy Inc (ETSY) Top Institutional Holders
989 institutions hold shares in Etsy Inc (ETSY), with institutional investors hold 102.27% of the company’s shares. The shares outstanding are 119.07M, and float is at 117.47M with Short Float at 13.79%. Institutions hold 101.38% of the Float.
The top institutional shareholder in the company is Vanguard Group Inc with over 13.72 million shares valued at $1.16 billion. The investor’s holdings represent 11.15% of the ETSY Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 10.11 million shares valued at $855.65 million to account for 8.22% of the shares outstanding. The other top investors are Capital International Investors which holds 8.02 million shares representing 6.52% and valued at over $678.72 million, while State Street Corporation holds 3.98% of the shares totaling 4.9 million with a market value of $414.68 million.
Etsy Inc (ETSY) Insider Activity
The most recent transaction is an insider sale by Silverman Josh,the company’sPRESIDENT & CEO. SEC filings show that Silverman Josh sold 63,047 shares of the company’s common stock on Feb 27 ’24 at a price of $72.50 per share for a total of $4.57 million. Following the sale, the insider now owns 23140.0 shares.
Etsy Inc disclosed in a document filed with the SEC on Feb 27 ’24 that Daniel Nicholas (CHIEF PRODUCT OFFICER) sold a total of 1,500 shares of the company’s common stock. The trade occurred on Feb 27 ’24 and was made at $71.82 per share for $0.11 million. Following the transaction, the insider now directly holds 13138.0 shares of the ETSY stock.
Still, SEC filings show that on Oct 25 ’23, Silverman Josh (President & CEO) disposed off 10,425 shares at an average price of $62.26 for $0.65 million. The insider now directly holds 23,140 shares of Etsy Inc (ETSY).
