Etsy Inc. [NASDAQ: ETSY] traded at a low on 06/09/20, posting a -0.13 loss after which it closed the day’ session at $76.37. The results of the trading session contributed to over 2201936 shares changing hands. Over the past one week, the price volatility of Etsy Inc. stands at 5.33% while the volatility over the past one month is 6.18%.
The market cap for ETSY stock reached $9.25 billion, with 118.14 million shares outstanding and 117.71 million shares in the current float. Compared to the average trading volume of 4.33M shares, ETSY reached a trading volume of 2201936 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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What do top market gurus say about Etsy Inc. [ETSY]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ETSY shares is $82.12 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ETSY stock is a recommendation set at 2.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
BTIG Research have made an estimate for Etsy Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on April 14, 2020. While these analysts kept the previous recommendation, Needham dropped their target price from $64 to $45. The new note on the price target was released on April 03, 2020, representing the official price target for Etsy Inc. stock. Previously, the target price had yet another drop from $61 to $41, while ROTH Capital kept a Neutral rating on ETSY stock.
The Average True Range (ATR) for Etsy Inc. is set at 4.81, with the Price to Sales ratio for ETSY stock in the period of the last 12 months amounting to 10.54. The Price to Book ratio for the last quarter was 22.20, with the Price to Cash per share for the same quarter was set at 6.64.
How has ETSY stock performed recently?
Etsy Inc. [ETSY] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -6.71. With this latest performance, ETSY shares dropped by -5.38% in over the last four-week period, additionally plugging by 85.23% over the last 6 months – not to mention a rise of 16.93% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for ETSY stock in for the last two-week period is set at 52.65, with the RSI for the last a single of trading hit 46.41, and the three-weeks RSI is set at 54.92 for Etsy Inc. [ETSY]. The present Moving Average for the last 50 days of trading for this stock 67.10, while it was recorded at 78.50 for the last single week of trading, and 53.88 for the last 200 days.
Etsy Inc. [ETSY]: Deeper insight into the fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Etsy Inc. [ETSY] shares currently have an operating margin of +11.32 and a Gross Margin at +66.88. Etsy Inc.’s Net Margin is presently recorded at +11.72.
Return on Total Capital for ETSY is now 9.16, given the latest momentum, and Return on Invested Capital for the company is 9.56. Return on Equity for this stock inclined to 23.75, with Return on Assets sitting at 7.85. When it comes to the capital structure of this company, Etsy Inc. [ETSY] has a Total Debt to Total Equity ratio set at 214.80. Additionally, ETSY Total Debt to Total Capital is recorded at 68.23, with Total Debt to Total Assets ending up at 56.63. Long-Term Debt to Equity for the company is recorded at 211.75, with the Long-Term Debt to Total Capital now at 67.26.
Reflecting on the efficiency of the workforce at the company, Etsy Inc. [ETSY] managed to generate an average of $77,334 per employee. Receivables Turnover for the company is 16.62 with a Total Asset Turnover recorded at a value of 0.67.Etsy Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 5.70 and a Current Ratio set at 5.70.
Earnings analysis for Etsy Inc. [ETSY]
With the latest financial reports released by the company, Etsy Inc. posted 0.14/share EPS, while the average EPS was predicted by analysts to be reported at 0.13/share.When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 7.70%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for ETSY. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Etsy Inc. go to 39.10%.
Insider trade positions for Etsy Inc. [ETSY]
There are presently around $8,966 million, or 99.54% of ETSY stock, in the hands of institutional investors. The top three institutional holders of ETSY stocks are: VANGUARD GROUP INC with ownership of 11,435,800, which is approximately -0.696% of the company’s market cap and around 0.70% of the total institutional ownership; BLACKROCK INC., holding 10,712,132 shares of the stock with an approximate value of $819.16 million in ETSY stocks shares; and WELLINGTON MANAGEMENT GROUP LLP, currently with $612.05 million in ETSY stock with ownership of nearly 95.032% of the company’s market capitalization.
208 institutional holders increased their position in Etsy Inc. [NASDAQ:ETSY] by around 20,034,891 shares. Additionally, 190 investors decreased positions by around 17,873,110 shares, while 47 investors held positions by with 79,336,894 shares. The mentioned changes placed institutional holdings at 117,244,895 shares, according to the latest SEC report filing. ETSY stock had 79 new institutional investments in for a total of 6,056,933 shares, while 75 institutional investors sold positions of 5,424,095 shares during the same period.