For Etsy Inc. [ETSY], Analyst sees a rise to $95. What next?

Etsy Inc. [NASDAQ: ETSY] jumped around 8.03 points on Wednesday, while shares priced at $116.90 at the close of the session, up 7.38%. The company report on August 2, 2022 that Etsy to Participate in Upcoming Investor Conference.


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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 virtual participation including a webcasted fireside chat at the Oppenheimer 25th Annual Technology, Internet & Communications Conference on August 9, 2022 at 1:15pm ET. The live webcast and replay of this session will be featured on our IR website at investors.etsy.com.

Etsy Inc. stock is now -46.61% down from its year-to-date (YTD) trading value. ETSY Stock saw the intraday high of $116.94 and lowest of $112.96 per share. The company’s 52-week high price is 307.75, which means current price is +74.45% above from all time high which was touched on 01/03/22.

Compared to the average trading volume of 4.58M shares, ETSY reached a trading volume of 3923710 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say 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 $117.52 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 2.20. 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.

Piper Sandler have made an estimate for Etsy Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on July 22, 2022. While these analysts kept the previous recommendation, KeyBanc Capital Markets raised their target price to Sector Weight. The new note on the price target was released on July 21, 2022, representing the official price target for Etsy Inc. stock. Previously, the target price had yet another raise to $100, while Raymond James analysts kept a Outperform rating on ETSY stock.

The Average True Range (ATR) for Etsy Inc. is set at 5.90, with the Price to Sales ratio for ETSY stock in the period of the last 12 months amounting to 6.13. The Price to Book ratio for the last quarter was 25.58, with the Price to Cash per share for the same quarter was set at 7.95. Price to Free Cash Flow for ETSY in the course of the last twelve months was 26.37 with Quick ratio for the last quarter at 2.90.

How has ETSY stock performed recently?

Etsy Inc. [ETSY] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 7.74. With this latest performance, ETSY shares gained by 36.58% in over the last four-week period, additionally sinking by -17.23% over the last 6 months – not to mention a drop of -37.97% 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 73.20, with the RSI for the last a single of trading hit 78.23, and the three-weeks RSI is set at 67.54 for Etsy Inc. [ETSY]. The present Moving Average for the last 50 days of trading for this stock 87.71, while it was recorded at 111.29 for the last single week of trading, and 147.47 for the last 200 days.

Etsy Inc. [ETSY]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Etsy Inc. [ETSY] shares currently have an operating margin of +21.57 and a Gross Margin at +71.90. Etsy Inc.’s Net Margin is presently recorded at +21.19.

Return on Equity for this stock inclined to 71.99, with Return on Assets sitting at 15.83.

Etsy Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.90 and a Current Ratio set at 2.90.

Earnings analysis for Etsy Inc. [ETSY]

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 17.30%.

Insider trade positions for Etsy Inc. [ETSY]

There are presently around $13,850 million, or 98.50% of ETSY stock, in the hands of institutional investors. The top three institutional holders of ETSY stocks are: VANGUARD GROUP INC with ownership of 13,703,486, which is approximately 0.869% of the company’s market cap and around 0.60% of the total institutional ownership; BLACKROCK INC., holding 12,522,719 shares of the stock with an approximate value of $1.46 billion in ETSY stocks shares; and WELLINGTON MANAGEMENT GROUP LLP, currently with $892.96 million in ETSY stock with ownership of nearly 186.221% of the company’s market capitalization.

Positions in Etsy Inc. stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 390 institutional holders increased their position in Etsy Inc. [NASDAQ:ETSY] by around 23,057,125 shares. Additionally, 418 investors decreased positions by around 18,489,904 shares, while 86 investors held positions by with 76,931,884 shares. The mentioned changes placed institutional holdings at 118,478,913 shares, according to the latest SEC report filing. ETSY stock had 83 new institutional investments in for a total of 2,818,916 shares, while 178 institutional investors sold positions of 2,387,977 shares during the same period.

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