Saturday, January 23, 2021

Wall Street Analyst Reiterated Etsy Inc. [ETSY]. What else is Wall St. saying

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Etsy Inc. [NASDAQ: ETSY] gained 5.44% or 7.49 points to close at $145.09 with a heavy trading volume of 3547960 shares. The company report on November 11, 2020 that Etsy to Participate in Upcoming Investor Conferences.

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Etsy, Inc. (Nasdaq: ETSY), which operates two-sided online marketplaces that connect millions of passionate and creative buyers and sellers around the world, announced virtual participation in the below investor events.


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The following event will include webcast presentation by Etsy executives:.

It opened the trading session at $138.63, the shares rose to $146.95 and dropped to $138.51, the range by which the price of stock traded the whole day. The daily chart for ETSY points out that the company has recorded 79.17% gains over the past six months. However, it is still -384.44% lower than its most recent low trading price.

If we look at the average trading volume of 4.25M shares, ETSY reached to a volume of 3547960 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 $160.12 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.

Needham have made an estimate for Etsy Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on October 29, 2020. While these analysts kept the previous recommendation, Oppenheimer raised their target price from $150 to $160. The new note on the price target was released on October 08, 2020, representing the official price target for Etsy Inc. stock. Previously, the target price had yet another raise to $138, while BTIG Research analysts kept a Buy rating on ETSY stock.

The Average True Range (ATR) for Etsy Inc. is set at 8.27, with the Price to Sales ratio for ETSY stock in the period of the last 12 months amounting to 12.75. The Price to Book ratio for the last quarter was 26.52, with the Price to Cash per share for the same quarter was set at 12.59. Price to Free Cash Flow for ETSY in the course of the last twelve months was 34.22 with Quick ratio for the last quarter at 5.00.

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 14.24. With this latest performance, ETSY shares dropped by -0.47% in over the last four-week period, additionally plugging by 79.17% over the last 6 months – not to mention a rise of 234.46% 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 59.63, with the RSI for the last a single of trading hit 63.53, and the three-weeks RSI is set at 56.77 for Etsy Inc. [ETSY]. The present Moving Average for the last 50 days of trading for this stock 132.97, while it was recorded at 139.49 for the last single week of trading, and 96.20 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 5.00 and a Current Ratio set at 5.00.

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

With the latest financial reports released by the company, Etsy Inc. posted 0.25/share EPS, while the average EPS was predicted by analysts to be reported at 0.16/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 56.20%. 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 $16,278 million, or 90.20% of ETSY stock, in the hands of institutional investors. The top three institutional holders of ETSY stocks are: VANGUARD GROUP INC with ownership of 12,985,612, which is approximately 16.72% of the company’s market cap and around 0.60% of the total institutional ownership; BLACKROCK INC., holding 8,049,922 shares of the stock with an approximate value of $1.17 billion in ETSY stocks shares; and PRICE T ROWE ASSOCIATES INC /MD/, currently with $947.86 million in ETSY stock with ownership of nearly 139.651% of the company’s market capitalization.

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Positions in Etsy Inc. stocks held by institutional investors increased at the end of October and at the time of the October reporting period, where 345 institutional holders increased their position in Etsy Inc. [NASDAQ:ETSY] by around 22,556,681 shares. Additionally, 233 investors decreased positions by around 20,253,405 shares, while 42 investors held positions by with 69,379,443 shares. The mentioned changes placed institutional holdings at 112,189,529 shares, according to the latest SEC report filing. ETSY stock had 155 new institutional investments in for a total of 6,476,443 shares, while 48 institutional investors sold positions of 1,725,145 shares during the same period.

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