Why is Etsy stock down 18% Thursday?
Jan 08, 2021 · What happened. Etsy's (ETSY 3.56%) stock price quadrupled in value last year, according to data provided by S&P Global Market Intelligence.The pandemic had a seismic impact on the company's ...
How did Etsy's stock price quadruple last year?
Jan 26, 2021 · At the onset of the pandemic, the online arts-and-crafts retailer became a go-to source for handmade masks. Many sellers on the platform made the strategic shift to creating masks to meet this ...
Should you invest $10K in Etsy stock?
May 06, 2021 · Revenue for Etsy was up 142% year over year and, because it gains operating leverage with scale, net income was up an eye-popping 1,048% …
Should the stock market look backwards at Etsy stock?
Shares of e-commerce company Etsy ( ETSY 3.56%) were 24.8% higher in May, according to data provided by S&P Global Market Intelligence. And it's simple to …
Why are Etsy stocks going up?
Is Etsy stock expected to go up?
The 17 analysts offering 12-month price forecasts for ETSY Inc have a median target of 150.00, with a high estimate of 268.00 and a low estimate of 95.00. The median estimate represents a +73.63% increase from the last price of 86.39.
Why is Etsy growing so fast?
Stuck-at-home shoppers turned to Etsy and other online retailers for both essential and non-essential items. As the virus caused dramatic changes to daily living, Etsy sellers moved quickly to help consumers deal with the rapidly evolving needs.Jan 14, 2022
Is Etsy a buy for 2021?
Why is Etsy stock price dropping?
Will Etsy stock go up tomorrow?
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Munafa value: 0 as on 06 Fri May 2022.
| Strong resistance | 240 |
|---|---|
| Strong resistance | 99 |
| Strong resistance | 98.67 |
| Strong support | 68.84 |
How much does Etsy take per sale?
Why is Etsy so successful?
How much revenue does Etsy make?
Is Etsy undervalued?
Is Etsy a good stock?
Who owns Etsy stock?
| Stockholder | Stake | Shares owned |
|---|---|---|
| The Vanguard Group, Inc. | 10.28% | 13,059,714 |
| BlackRock Fund Advisors | 5.59% | 7,096,621 |
| SSgA Funds Management, Inc. | 4.13% | 5,248,158 |
| T. Rowe Price Associates, Inc. (I... | 4.09% | 5,191,224 |
What happened
So what
Shares of e-commerce company Etsy ( ETSY -3.69% ) were 24.8% higher in May, according to data provided by S&P Global Market Intelligence. And it's simple to explain the stock's return. The company started the month by reporting earnings.
Now what
Etsy's results for the first quarter of 2020 were strong. Quarterly revenue grew 32% year over year to $1.4 billion. And it had user growth for both buyers (up 16%) and sellers (up 26%). But in April, Etsy's business really took off.
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COVID-19 has impacted the economy, but investors need to separate the companies just seeing a surge in product demand from those seeing a surge in adoption. The former is likely temporary, while the latter could endure. I would argue Etsy's situation is the latter: The coronavirus has boosted the adoption of its e-commerce platform.
Etsy Inc Stock Forecast
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Will Etsy Inc Stock Go Up Next Year?
Over the next 52 weeks, Etsy Inc has on average historically risen by 122.5 % based on the past 5 years of stock performance.
Etsy Inc Stock Price History
Over the next 52 weeks, Etsy Inc has on average historically risen by 122.5% based on the past 5 years of stock performance.
What happened
Based on the share price being below its 5, 20 & 50 day exponential moving averages, the current trend is considered strongly bearish and ETSY is experiencing buying pressure, which is a positive indicator for future bullish movement.
So what
Shares of Etsy ( ETSY -3.98% ) were surging for a second session in a row today, as the artisan-based online marketplace got a round of bullish analyst notes after providing a reassuring business update on the coronavirus disruption last week.
NASDAQ: ETSY
At least five analysts weighed in on Etsy today, and though all of them lowered their price target on the e-commerce stock, given its sharp slide over the past month, they maintained positive ratings on the stock, effectively saying the company was managing well through the crisis.
Now what
For example, SunTrust analyst Naved Khan lowered his price target from $64 to $53 but maintained a buy rating on the stock and saluted the "high degree of resiliency" in Etsy's business model. He also continued to expect positive EBITDA, even if gross merchandise sales (GMS) turned negative.
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In its update last week, management laid out many of the same arguments, saying its balance sheet remained strong, with $800 million in cash plus short-term investments, and that it has no debt maturing until 2023.
Etsy CEO talks earnings, raising seller fees, and advertising to men
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Etsy reports huge Q4 earnings beat, stock soars
Etsy CEO Josh Silverman joins Yahoo Finance Live to discuss the company's earnings, its reinvestment in the platform, raising fees, and attracting male users with NFL ads.
