Institutional Exposure To Etsy Inc (ETSY)

Etsy Inc (ETSY) concluded trading on Wednesday at a closing price of $53.43, with 3.99 million shares of worth about $213.37 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -17.25% during that period and on November 13, 2024 the price saw a loss of about -1.06%. Currently the company’s common shares owned by public are about 119.07M shares, out of which, 111.42M shares are available for trading.

Stock saw a price change of 0.66% in past 5 days and over the past one month there was a price change of 4.13%. Year-to-date (YTD), ETSY shares are showing a performance of -34.08% which decreased to -15.47% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $47.10 but also hit the highest price of $89.58 during that period. The average intraday trading volume for Etsy Inc shares is 4.08 million. The stock is currently trading 4.25% above its 20-day simple moving average (SMA20), while that difference is up 2.18% for SMA50 and it goes to -12.61% lower than SMA200.

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Etsy Inc (NASDAQ: ETSY) currently have 119.07M outstanding shares and institutions hold larger chunk of about 103.60% of that.

The stock has a current market capitalization of $6.01B and its 3Y-monthly beta is at 1.99. PE ratio of stock for trailing 12 months is 27.27, while it has posted earnings per share of $1.96 in the same period. Its PEG reads 9.09 and has Quick Ratio of 2.39. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for ETSY, volatility over the week remained 3.55% while standing at 3.81% over the month.

Stock’s fiscal year EPS is expected to rise by 0.70% while it is estimated to increase by 15.03% in next year. EPS is likely to shrink at an annualized rate of 3.00% for next 5-years, compared to annual growth of 29.72% made by the stock over the past 5-years.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Needham on October 23, 2024 offering a Buy rating for the stock and assigned a target price of $60 to it. Coverage by Goldman stated Etsy Inc (ETSY) stock as a Sell in their note to investors on October 15, 2024, suggesting a price target of $45 for the stock. On September 05, 2024, Cantor Fitzgerald Initiated their recommendations, while on August 23, 2024, Piper Sandler Resumed their ratings for the stock with a price target of $56. Stock get a Perform rating from Oppenheimer on August 01, 2024.

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