Etsy Inc. [NASDAQ: ETSY] price plunged by -2.06 percent to reach at -$3.88. The company report on May 6, 2021 that Etsy, Inc. Reports First Quarter 2021 Results.
Reports 132% increase in Consolidated Year-Over-Year GMS Growth and 141% Year-Over-Year Revenue Growth.
Etsy, Inc. (NASDAQ: ETSY), which operates two-sided online marketplaces that connect millions of passionate and creative buyers and sellers around the world, announced results for its first quarter ended March 31, 2021, including the following highlights:.
A sum of 5271557 shares traded at recent session while its average daily volume was at 3.10M shares. Etsy Inc. shares reached a high of $194.99 and dropped to a low of $181.51 until finishing in the latest session at $184.57.
The one-year ETSY stock forecast points to a potential upside of 22.25. 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 $237.38 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.
KeyBanc Capital Markets have made an estimate for Etsy Inc. shares, keeping their opinion on the stock as Sector Weight, with their previous recommendation back on April 26, 2021. While these analysts kept the previous recommendation, Evercore ISI raised their target price to Outperform. The new note on the price target was released on April 06, 2021, representing the official price target for Etsy Inc. stock. Previously, the target price had yet another raise from $205 to $245, while Jefferies kept a Buy rating on ETSY stock.
The Average True Range (ATR) for Etsy Inc. is set at 9.77, with the Price to Sales ratio for ETSY stock in the period of the last 12 months amounting to 14.28. The Price to Book ratio for the last quarter was 31.34, with the Price to Cash per share for the same quarter was set at 12.50. Price to Free Cash Flow for ETSY in the course of the last twelve months was 36.34 with Quick ratio for the last quarter at 4.20.
ETSY Stock Performance Analysis:
Etsy Inc. [ETSY] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -12.67. With this latest performance, ETSY shares dropped by -10.41% in over the last four-week period, additionally plugging by 45.97% over the last 6 months – not to mention a rise of 153.57% 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 34.23, with the RSI for the last a single of trading hit 26.33, and the three-weeks RSI is set at 39.31 for Etsy Inc. [ETSY]. The present Moving Average for the last 50 days of trading for this stock 209.55, while it was recorded at 194.26 for the last single week of trading, and 167.38 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 +24.68 and a Gross Margin at +73.07. Etsy Inc.’s Net Margin is presently recorded at +20.24.
Return on Total Capital for ETSY is now 26.95, given the latest momentum, and Return on Invested Capital for the company is 22.28. Return on Equity for this stock inclined to 60.79, with Return on Assets sitting at 17.70. When it comes to the capital structure of this company, Etsy Inc. [ETSY] has a Total Debt to Total Equity ratio set at 153.22. Additionally, ETSY Total Debt to Total Capital is recorded at 60.51, with Total Debt to Total Assets ending up at 47.31. Long-Term Debt to Equity for the company is recorded at 151.46, with the Long-Term Debt to Total Capital now at 59.81.
Reflecting on the efficiency of the workforce at the company, Etsy Inc. [ETSY] managed to generate an average of $246,992 per employee. Receivables Turnover for the company is 14.71 with a Total Asset Turnover recorded at a value of 0.87.Etsy Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 4.20 and a Current Ratio set at 4.20.
ETSY Stock EPS
With the latest financial reports released by the company, Etsy Inc. posted 0.1/share EPS, while the average EPS was predicted by analysts to be reported at 0.19/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -47.40%. 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 48.10%.
Etsy Inc. [ETSY] Insider Position Details
There are presently around $20,414 million, or 89.50% of ETSY stock, in the hands of institutional investors. The top three institutional holders of ETSY stocks are: VANGUARD GROUP INC with ownership of 13,902,095, which is approximately 7.058% of the company’s market cap and around 0.50% of the total institutional ownership; BLACKROCK INC., holding 9,701,404 shares of the stock with an approximate value of $1.83 billion in ETSY stocks shares; and PRICE T ROWE ASSOCIATES INC /MD/, currently with $1.55 billion in ETSY stock with ownership of nearly 26.054% of the company’s market capitalization.
Positions in Etsy Inc. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 442 institutional holders increased their position in Etsy Inc. [NASDAQ:ETSY] by around 19,147,085 shares. Additionally, 301 investors decreased positions by around 20,999,086 shares, while 68 investors held positions by with 70,456,022 shares. The mentioned changes placed institutional holdings at 110,602,193 shares, according to the latest SEC report filing. ETSY stock had 183 new institutional investments in for a total of 1,929,930 shares, while 76 institutional investors sold positions of 3,018,878 shares during the same period.