The stock of Etsy Inc. (NASDAQ:ETSY) increased by $2.66 on Monday to finish at $79.30, up 3.47 percent. The last five days have seen an average of 3,386,760 shares of common stock traded. 11 times new highs were reached in the current year, with a fall of -$40.48. The average number of shares traded over the last 20 days was 3,536,100, while the average volume over the last 50 days totaled 3,358,504.
ETSY stock dropped -14.04% since last month. On 08/14/23, the company’s shares reached a one-month low of $76.02. The stock touched a high of $149.91 on 02/03/23, after rallying from a low of $76.02 in 52 weeks. The price of ETSY stock has declined by -33.80% or -$40.48 this year, reaching a new high 11 times. Still, the stock price is down -47.10% from the 52-week high.
Insider Transactions
ETSY stock investors should be aware that Etsy Inc. (ETSY) stock had its last reported insider trading activity 13 days ago on Aug 02. On Aug 02, President & CEO Silverman Josh sold 20,850 shares at $95.57 each. This transaction resulted in the insider making $1,992,715. On Jul 21, Daniel Nicholas sold 1,760 shares at a price of US$101.65. After the transaction, the insider now owns 8,704 shares. President & CEO Silverman Josh had earlier sold 20,850 shares on Jul 19 for $95.35 a share. The transaction was completed for $1,988,064.
Valuation Metrics
Beta for the stock is 2.03. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 3.73, and the price-to-cash flow ratio of 15.23.
Financial Health
For the three months ended June 29, Etsy Inc.’s quick ratio was 2.80, while its current ratio was 2.80, indicating its ability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is 70.60% percent. Etsy Inc.’s EBITDA margin for the year ended June 29 was 18.94%, whereas its operating margin stood at -27.70% for the same period. Based on annual data, it had gross profit of $1.82 billion and revenue of $2.57 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. ETSY’s return on assets (ROA) during the last 12 months has been -28.20%. There was a -37.30% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 132.90%.
Earnings Surprise
According to Etsy Inc.’s quarterly financial report for the quarter that ended June 29, it had $2.28 billion in total debt versus $235.26 million in cash and short-term investments. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $628.24 million, while revenues rose by 6.86% to $640.88 million. It was predicted that Etsy Inc.’s quarterly earnings would be $0.45, but it ended up being $0.43, beating the consensus by 4.70%. EBITDA was $20.57 million for the quarter. At the end of Etsy Inc.’s most recent quarter ended June 29, its liabilities totaled 3.03 billion, while its total debt was $2.39 billion. Equity owned by shareholders amounts to $123.01 million.
Technical Picture
Here’s a quick look at Etsy Inc.’s (ETSY) price momentum from a technical perspective. As of 14 August, the RSI 9-day stood at 34.14%, suggesting the stock is Neutral, with a 76.14% historical volatility rate.
The stochastic %K and %D were 5.25% and 3.56% respectively, while the average true range (ATR) was 4.04. Based on the 14-day stochastic reading of 12.24%, the RSI (14) reading is 37.16%. On the 9-day MACD Oscillator, the stock is at -4.34, and the 14-day reading is at -10.06.
Analyst Ratings
Etsy Inc. (NASDAQ: ETSY) was downgraded by Bernstein to a a Mkt perform rating in its latest research report. The stock was previously rated as a an Outperform. Analysts have assigned Etsy Inc. (ETSY) an Overweight rating. ETSY is a stock that is recommended for selling by 3 brokerage firms, while 14 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 1 rate it overweight and 13 others recommend it as a buy.
What is ETSY’s price target for the next 12 months?
The current consensus forecast for the stock is between $46.00 and $170.00, with a median target price of $109.00. In analyzing these forecasts, the average price target given by analysts for Etsy Inc. (ETSY) is $110.79.
