Etsy, Inc.’s Stock Price Drops to $60.62, Experiences a 2.35% Decrease: Time to Buy or Bail?

Etsy, Inc. (ETSY)

60.62 USD -1.46 (-2.35%) Volume: 5.39M

Etsy, Inc.’s stock price stands at 60.62 USD, marking a 2.35% decrease this trading session with a trading volume of 5.39M, reflecting a year-to-date percentage change of -25.21%, highlighting the performance volatility of ETSY stock.

Latest developments on Etsy, Inc.

Etsy Inc. (NASDAQ:ETSY) has been making headlines recently with key events influencing its stock price movements. Vanguard Personalized Indexing Management LLC recently reduced its stock holdings in the company, while Zacks Research boosted Q2 2024 EPS estimates for Etsy Inc. This news has attracted investor attention, with the company’s stock becoming a focal point for many. Additionally, an insider sale was reported, as Director Andy Ballard sold shares of Etsy Inc. These developments have contributed to the fluctuation in Etsy Inc.’s stock price today.

Etsy, Inc. on Smartkarma

Analysts on Smartkarma have been closely monitoring Etsy Inc, a popular online marketplace for handcrafted goods. According to research reports from Baptista Research, Etsy’s recent Q1 2024 earnings showed a cautious tone due to external factors like inflation and rising costs of essentials. Despite this, the company reported a slight revenue growth of 0.8% to $646 million and delivered $168 million in adjusted EBITDA. On the positive side, Etsy’s investment in marketing and potential payback, as highlighted in another report by Baptista Research, bodes well for the company’s long-term sustainable growth.

Moreover, Value Investors Club’s analysis of Etsy Inc suggests that the company’s end markets are expected to grow at a high single-digit rate, allowing for a 10% compound annual growth rate in Gross Merchandise Sales (GMS). With confidence in the firm’s robust financial model and solid revenue growth, Etsy is positioned for continued success in the e-commerce space. Overall, analysts are optimistic about Etsy Inc‘s performance and strategic initiatives to enhance customer experience and drive revenue growth.

A look at Etsy, Inc. Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Based on the Smartkarma Smart Scores, Etsy Inc has a mixed long-term outlook. The company scores high in resilience, indicating its ability to withstand economic downturns and market volatility. This could be a positive sign for investors looking for stability in their portfolio. However, Etsy scores low in value, suggesting that the stock may be overvalued compared to its earnings and growth potential. Additionally, the growth and momentum scores for Etsy are average, indicating that the company may not see significant expansion in the near future.

Etsy, Inc. provides e-commerce services, offering a variety of handmade and vintage items, art, supplies, and regular items like clothing and housewares. While the company shows strength in resilience, its overall outlook is tempered by lower scores in value, growth, and momentum. Investors should carefully consider these factors when making decisions about investing in Etsy stock.

Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
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