Etsy Inc (NASDAQ: ETSY): Hunting Genuine Value In Market Debris

Currently, there are 119.07M common shares owned by the public and among those 117.48M shares have been available to trade.

Insiders at the company have transacted a total of 133 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 44 of these insider trades were purchases, accounting for 450,927 shares. Insider sales of the common stock occurred on 89 occasions, with total insider shares sold totaling 361,391 shares.

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The company’s stock has a 5-day price change of -5.00% and 0.36% over the past three months. ETSY shares are trading -11.07% year to date (YTD), with the 12-month market performance down to -41.92% lower. It has a 12-month low price of $58.20 and touched a high of $124.40 over the same period. ETSY has an average intraday trading volume of 4.58 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -2.87%, -5.03%, and -7.01% respectively.

Institutional ownership of Etsy Inc (NASDAQ: ETSY) shares accounts for 101.08% of the company’s 119.07M shares outstanding.

It has a market capitalization of $8.54B and a beta (3y monthly) value of 2.03. The stock’s trailing 12-month PE ratio is 32.06, while the earnings-per-share (ttm) stands at $2.25. The company has a PEG of 1.42 and a Quick Ratio of 2.21. Price movements for the stock have been influenced by the stock’s volatility, which stands at 5.03% over the week and 4.29% over the month.

Analysts forecast that Etsy Inc (ETSY) will achieve an EPS of $0.5 for the current quarter, $0.52 for the next quarter and $3.06 for 2025. The lowest estimate earnings-per-share for the quarter is $0.33 while analysts give the company a high EPS estimate of $0.62. Comparatively, EPS for the current quarter was $0.53 a year ago. Earnings per share for the fiscal year are expected to increase by 16.27%, and 16.12% over the next financial year. EPS should shrink at an annualized rate of 22.60% over the next five years, compared to 29.72% over the past 5-year period.

Looking at the support for the ETSY, a number of firms have released research notes about the stock. BTIG Research stated their Buy rating for the stock in a research note on February 22, 2024, with the firm’s price target at $90-$87. Goldman coverage for the Etsy Inc (ETSY) stock in a research note released on January 10, 2024 offered a Neutral rating with a price target of $80. Wolfe Research was of a view on December 14, 2023 that the stock is Outperform, while Wedbush gave the stock Neutral rating on December 14, 2023, issuing a price target of $60- $90. B. Riley Securities on their part issued Buy rating on December 08, 2023.

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