Etsy Inc. [NASDAQ: ETSY] loss -6.32% on the last trading session, reaching $166.80 price per share at the time. The company report on November 3, 2021 that Etsy, Inc. Reports Third Quarter 2021 Results.
Reports 18% Increase in Consolidated Year-Over-Year GMS Growth and 18% Year-Over-Year Revenue Growth.
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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, today announced results for its third quarter ended September 30, 2021, including the following highlights:.
Etsy Inc. represents 126.63 million in outstanding shares, while the company has a total market value of $22.46 billion with the latest information. ETSY stock price has been found in the range of $166.44 to $179.55.
If compared to the average trading volume of 2.38M shares, ETSY reached a trading volume of 2609491 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 $260.52 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.
Guggenheim have made an estimate for Etsy Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on January 07, 2022. While these analysts kept the previous recommendation, UBS raised their target price to Sell. The new note on the price target was released on December 02, 2021, representing the official price target for Etsy Inc. stock. Previously, the target price had yet another raise to $330, while Guggenheim analysts kept a Buy rating on ETSY stock. On November 04, 2021, analysts increased their price target for ETSY shares from 230 to 265.
The Average True Range (ATR) for Etsy Inc. is set at 12.12, with the Price to Sales ratio for ETSY stock in the period of the last 12 months amounting to 10.07. The Price to Book ratio for the last quarter was 39.62, with the Price to Cash per share for the same quarter was set at 6.07. Price to Free Cash Flow for ETSY in the course of the last twelve months was 37.52 with Quick ratio for the last quarter at 2.30.
Trading performance analysis for ETSY stock
Etsy Inc. [ETSY] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -15.31. With this latest performance, ETSY shares dropped by -23.37% in over the last four-week period, additionally sinking by -9.55% over the last 6 months – not to mention a drop of -21.14% 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 24.37, with the RSI for the last a single of trading hit 17.79, and the three-weeks RSI is set at 29.83 for Etsy Inc. [ETSY]. The present Moving Average for the last 50 days of trading for this stock 238.24, while it was recorded at 179.31 for the last single week of trading, and 208.74 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 +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 2.30 and a Current Ratio set at 2.30.
Etsy Inc. [ETSY]: An earnings per share (EPS) analysis
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 40.30%.
An analysis of insider ownership at Etsy Inc. [ETSY]
There are presently around $18,873 million, or 91.50% of ETSY stock, in the hands of institutional investors. The top three institutional holders of ETSY stocks are: VANGUARD GROUP INC with ownership of 13,646,947, which is approximately -2.033% of the company’s market cap and around 0.50% of the total institutional ownership; BLACKROCK INC., holding 11,692,688 shares of the stock with an approximate value of $1.95 billion in ETSY stocks shares; and PRICE T ROWE ASSOCIATES INC /MD/, currently with $1.11 billion in ETSY stock with ownership of nearly -29.077% of the company’s market capitalization.
Positions in Etsy Inc. stocks held by institutional investors increased at the end of March and at the time of the March reporting period, where 397 institutional holders increased their position in Etsy Inc. [NASDAQ:ETSY] by around 16,032,731 shares. Additionally, 348 investors decreased positions by around 13,089,206 shares, while 123 investors held positions by with 84,027,008 shares. The mentioned changes placed institutional holdings at 113,148,945 shares, according to the latest SEC report filing. ETSY stock had 93 new institutional investments in for a total of 3,381,328 shares, while 83 institutional investors sold positions of 1,430,907 shares during the same period.