Etsy Inc (NASDAQ: ETSY) is -31.66% lower on its value in year-to-date trading and has touched a low of $51.45 and a high of $89.58 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 $55.16 in the last trading session, with the day’s gains setting it 0.23%.
Currently trading at $55.39, the stock is -0.71% and -4.99% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.34 million and changing 0.42% at the moment leaves the stock -18.01% off its SMA200. ETSY registered -23.40% loss for a year compared to 6-month loss of -23.15%.
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The stock witnessed a -13.28% gain in the last 1 month and extending the period to 3 months gives it a -9.30%, and is 2.08% 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 2.89% over the week and 3.70% over the month.
Etsy Inc (ETSY) has around 2420 employees, a market worth around $6.36B and $2.77B in sales. Current P/E ratio is 25.73 and Fwd P/E is 20.64. Profit margin for the company is 10.36%. Distance from 52-week low is 7.66% and -38.17% from its 52-week high. The company has generated returns on investments over the last 12 months (16.43%).
with sales reaching $653.33M over the same period.The EPS is expected to grow by 4.69% this year, but quarterly earnings will post 2.40% year-over-year. Quarterly sales are estimated to grow 2.00% in year-over-year returns.
Etsy Inc (ETSY) Top Institutional Holders
907.0 institutions hold shares in Etsy Inc (ETSY), with institutional investors hold 106.69% of the company’s shares. The shares outstanding are 119.07M, and float is at 113.72M with Short Float at 12.99%. Institutions hold 105.71% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 13.44 million shares valued at $792.88 million. The investor’s holdings represent 11.3502% of the ETSY Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 10.14 million shares valued at $598.0 million to account for 8.5605 of the shares outstanding. The other top investors are BARCLAYS PLC which holds 5.85 million shares representing 4.9367% and valued at over $344.86 million, while VAN ECK ASSOCIATES CORP holds 4.8667 of the shares totaling 5.76 million with a market value of $339.96 million.
Etsy Inc (ETSY) Insider Activity
The most recent transaction is an insider sale by BALLARD ANDY, the company’s Director. SEC filings show that BALLARD ANDY sold 1,860 shares of the company’s common stock on Aug 20 ’24 at a price of $53.84 per share for a total of $0.1 million. Following the sale, the insider now owns 3318.0 shares.
Etsy Inc disclosed in a document filed with the SEC on Aug 16 ’24 that Buckley Merilee (CHIEF ACCOUNTING OFFICER) sold a total of 3,293 shares of the company’s common stock. The trade occurred on Aug 16 ’24 and was made at $53.98 per share for $0.18 million. Following the transaction, the insider now directly holds 0.0 shares of the ETSY stock.
Still, SEC filings show that on Aug 20 ’24, Andrew Ballard (Director) Proposed Sale 1,900 shares at an average price of $54.00 for $0.1 million. The insider now directly holds shares of Etsy Inc (ETSY).
