Wednesday, December 2, 2020

Market Analysts see Etsy Inc. [ETSY] gaining to $160. Time to buy?

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Etsy Inc. [NASDAQ: ETSY] gained 4.33% on the last trading session, reaching $145.78 price per share at the time. The company report on October 8, 2020 that Etsy to Announce Third Quarter 2020 Financial Results on October 28, 2020.

Etsy, Inc. (Nasdaq: ETSY), which operates two-sided online marketplaces that connect millions of passionate and creative buyers and sellers around the world, plans to release its third quarter 2020 financial results on Wednesday, October 28, 2020 in a press release after the market closes. The press release can be accessed at the Etsy investor relations website (investors.etsy.com).


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Etsy will also host a video webcast conference call to discuss those results at 5:00 p.m. Eastern Time on the same day, which will be live-streamed via the Company’s Investor Relations website (investors.etsy.com) under the events section. Those interested in submitting questions during the earnings call can do so by using the Q&A chat window which will be available during the webcast. A copy of the earnings call presentation will also be posted to our website.

Etsy Inc. represents 118.87 million in outstanding shares, while the company has a total market value of $17.16 billion with the latest information. ETSY stock price has been found in the range of $141.295 to $147.65.

If compared to the average trading volume of 4.23M shares, ETSY reached a trading volume of 4562720 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying 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 $153.12 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 1.70. 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.

Oppenheimer have made an estimate for Etsy Inc. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on October 08, 2020. The new note on the price target was released on September 11, 2020, representing the official price target for Etsy Inc. stock. Previously, the target price had yet another raise to $160, while ROTH Capital analysts kept a Buy rating on ETSY stock. On August 03, 2020, analysts increased their price target for ETSY shares from 88 to 130.

The Average True Range (ATR) for Etsy Inc. is set at 6.67, with the Price to Sales ratio for ETSY stock in the period of the last 12 months amounting to 15.25. The Price to Book ratio for the last quarter was 33.06, with the Price to Cash per share for the same quarter was set at 8.86. Price to Free Cash Flow for ETSY in the course of the last twelve months was 45.47 with Quick ratio for the last quarter at 4.30.

Trading performance analysis for ETSY stock

Etsy Inc. [ETSY] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.68. With this latest performance, ETSY shares gained by 17.86% in over the last four-week period, additionally plugging by 113.35% over the last 6 months – not to mention a rise of 154.33% 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 59.49, with the RSI for the last a single of trading hit 59.84, and the three-weeks RSI is set at 59.73 for Etsy Inc. [ETSY]. The present Moving Average for the last 50 days of trading for this stock 127.83, while it was recorded at 138.46 for the last single week of trading, and 87.56 for the last 200 days.

Etsy Inc. [ETSY]: A deeper dive into fundamental analysis

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 Inc. [ETSY]: An earnings per share (EPS) analysis

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%.

An analysis of insider ownership at Etsy Inc. [ETSY]

There are presently around $16,009 million, or 95.20% 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 $1.62 billion in ETSY stocks shares; and WELLINGTON MANAGEMENT GROUP LLP, currently with $789.9 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 277 institutional holders increased their position in Etsy Inc. [NASDAQ:ETSY] by around 17,091,418 shares. Additionally, 217 investors decreased positions by around 23,187,541 shares, while 33 investors held positions by with 69,540,298 shares. The mentioned changes placed institutional holdings at 109,819,257 shares, according to the latest SEC report filing. ETSY stock had 150 new institutional investments in for a total of 6,485,042 shares, while 46 institutional investors sold positions of 3,224,522 shares during the same period.

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