Etsy Inc. [NASDAQ: ETSY] price surged by 4.05 percent to reach at $4.6.
A sum of 2567392 shares traded at recent session while its average daily volume was at 4.09M shares. Etsy Inc. shares reached a high of $118.685 and dropped to a low of $113.01 until finishing in the latest session at $118.28.
The one-year ETSY stock forecast points to a potential downside of -20.69. The average equity rating for ETSY stock is currently 1.90, trading closer to a bullish pattern in the stock market.
Guru’s Opinion on 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 $98.00 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 1.90. 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 Buy, with their previous recommendation back on September 11, 2020. The new note on the price target was released on August 06, 2020, representing the official price target for Etsy Inc. stock. Previously, the target price had yet another raise from $88 to $130, while Needham kept a Buy rating on ETSY stock. On June 23, 2020, analysts increased their price target for ETSY shares from 79 to 117.
The Average True Range (ATR) for Etsy Inc. is set at 6.24, with the Price to Sales ratio for ETSY stock in the period of the last 12 months amounting to 12.06. The Price to Book ratio for the last quarter was 26.82, with the Price to Cash per share for the same quarter was set at 9.10. Price to Free Cash Flow for ETSY in the course of the last twelve months was 35.95 with Quick ratio for the last quarter at 4.30.
ETSY Stock Performance Analysis:
Etsy Inc. [ETSY] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 5.84. With this latest performance, ETSY shares dropped by -6.80% in over the last four-week period, additionally plugging by 205.87% over the last 6 months – not to mention a rise of 117.43% 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 54.23, with the RSI for the last a single of trading hit 56.09, and the three-weeks RSI is set at 52.38 for Etsy Inc. [ETSY]. The present Moving Average for the last 50 days of trading for this stock 118.51, while it was recorded at 116.48 for the last single week of trading, and 77.12 for the last 200 days.
Insight into Etsy Inc. 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 4.30 and a Current Ratio set at 4.30.
ETSY Stock EPS
With the latest financial reports released by the company, Etsy Inc. posted 0.12/share EPS, while the average EPS was predicted by analysts to be reported at 0.12/share. 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 57.05%.
Etsy Inc. [ETSY] Insider Position Details
There are presently around $13,115 million, or 93.40% of ETSY stock, in the hands of institutional investors. The top three institutional holders of ETSY stocks are: BLACKROCK INC. with ownership of 11,251,947, which is approximately 5.039% of the company’s market cap and around 0.60% of the total institutional ownership; VANGUARD GROUP INC, holding 11,125,455 shares of the stock with an approximate value of $1.32 billion in ETSY stocks shares; and WELLINGTON MANAGEMENT GROUP LLP, currently with $640.89 million in ETSY stock with ownership of nearly -32.301% of the company’s market capitalization.
Positions in Etsy Inc. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 281 institutional holders increased their position in Etsy Inc. [NASDAQ:ETSY] by around 17,992,158 shares. Additionally, 209 investors decreased positions by around 24,085,162 shares, while 30 investors held positions by with 68,801,728 shares. The mentioned changes placed institutional holdings at 110,879,048 shares, according to the latest SEC report filing. ETSY stock had 154 new institutional investments in for a total of 6,373,860 shares, while 47 institutional investors sold positions of 3,819,823 shares during the same period.