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Etsy Inc (ETSY) Looks Ready for Growth Despite -21.57% Change This Year


Etsy Inc (NASDAQ: ETSY) is -21.57% lower on its value in year-to-date trading and has touched a low of $56.60 and a high of $102.81 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 $62.51 in the last trading session, with the day’s gains setting it 1.06%.

Currently trading at $63.57, the stock is -2.83% and -4.80% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.1 million and changing 1.70% at the moment leaves the stock -10.74% off its SMA200. ETSY registered -32.86% loss for a year compared to 6-month gain of 0.52%.

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The stock witnessed a -4.74% loss in the last 1 month and extending the period to 3 months gives it a -14.54%, and is 1.27% 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 2.94% over the week and 3.60% over the month.

Etsy Inc (ETSY) has around 2420 employees, a market worth around $7.43B and $2.75B in sales. Current P/E ratio is 28.99 and Fwd P/E is 22.51. Profit margin for the company is 10.75%. Distance from 52-week low is 12.31% and -38.17% from its 52-week high. The company has generated returns on investments over the last 12 months (16.45%).

with sales reaching $629.26M over the same period.The EPS is expected to grow by 11.28% this year, but quarterly earnings will post 1.50% year-over-year. Quarterly sales are estimated to grow 1.60% in year-over-year returns.

Etsy Inc (ETSY) Top Institutional Holders

The shares outstanding are 119.07M, and float is at 115.93M with Short Float at 13.08%.

Etsy Inc (ETSY) Insider Activity

The most recent transaction is an insider sale by Daniel Nicholas,the company’sCHIEF PRODUCT OFFICER. SEC filings show that Daniel Nicholas sold 750 shares of the company’s common stock on May 01 ’24 at a price of $69.61 per share for a total of $52211.0. Following the sale, the insider now owns 18932.0 shares.

Etsy Inc disclosed in a document filed with the SEC on Apr 03 ’24 that Buckley Merilee (CHIEF ACCOUNTING OFFICER) sold a total of 1,671 shares of the company’s common stock. The trade occurred on Apr 03 ’24 and was made at $65.04 per share for $0.11 million. Following the transaction, the insider now directly holds 2827.0 shares of the ETSY stock.

Still, SEC filings show that on Apr 01 ’24, Daniel Nicholas (CHIEF PRODUCT OFFICER) disposed off 750 shares at an average price of $66.01 for $49504.0. The insider now directly holds 19,682 shares of Etsy Inc (ETSY).

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