Etsy, Inc.’s Stock Price Dips to $65.75, Experiencing a 3.05% Decline: Is it Time to Buy?

Etsy, Inc. (ETSY)

65.75 USD -2.07 (-3.05%) Volume: 2.7M

Etsy, Inc.’s stock price stands at 65.75 USD, experiencing a decline of 3.05% this trading session with a trading volume of 2.7M. The online marketplace has seen a year-to-date percentage change of -18.88%, indicating a challenging year for the ETSY stock.

Latest developments on Etsy, Inc.

Recent events have seen Etsy, Inc. (NASDAQ:ETSY) become a trending stock, with analysts giving it a consensus price target of $88.88. However, its “Hold” recommendation suggests a cautious approach. Notable movements include Gulf International Bank UK Ltd reducing its holdings, while Moody National Bank Trust Division maintains a stock position of $627,000. Furthermore, IFM Investors Pty Ltd has also lowered its holdings in Etsy, Inc., contributing to the stock’s current fluctuation.

Etsy, Inc. on Smartkarma

According to analysts on Smartkarma, Etsy Inc, an online marketplace for handcrafted goods, has been receiving positive coverage due to its strong financial performance and potential for future growth. In a recent report by Baptista Research, the company’s fourth-quarter results were described as “fairly decent”, with a record revenue of $2.7 billion for 2023. This has boosted confidence in the company’s solid financial model, which includes significant levels of profit and strong cash flow.

Another report by Value Investors Club highlights the expected growth in Etsy’s end markets and the company’s room for increasing its take rate, positioning it for continued growth in the e-commerce industry. However, it should be noted that this information is sourced from publicly available sources and has been machine generated, and should be used for general informational purposes only.

In a separate report by Baptista Research, Etsy Inc is praised for its dedication to enhancing buyer confidence and reinventing e-commerce through AI-powered curation. The management’s efforts to improve reliability and convenience metrics have been noted, and analysts believe this will contribute to the company’s sustained robust profitability. Overall, analysts on Smartkarma have a positive outlook on Etsy Inc and its potential for long-term sustainable 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

Etsy Inc, an e-commerce company that offers a platform for buying and selling handmade and vintage items, has received a strong overall outlook according to the Smartkarma Smart Scores. The company scores a perfect 5 in resilience, indicating its ability to weather any potential challenges in the long-term. In addition, it scores a respectable 3 in both growth and momentum, suggesting potential for future expansion and positive market sentiment. However, it received a 0 in value, indicating that the company may be overvalued compared to its peers. It also scores a 1 in dividend, meaning that it has not been paying out dividends to shareholders. Overall, Etsy Inc has a positive outlook for the future, but investors should carefully consider its value before making any investment decisions.

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.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.

💡 Before it’s here, it’s on Smartkarma