Etsy Inc. [ETSY] Revenue clocked in at $2.41 billion, down -53.91% YTD: What’s Next?

Etsy Inc. [NASDAQ: ETSY] traded at a low on 10/27/22, posting a -0.48 loss after which it closed the day’ session at $100.91. The company report on October 19, 2022 that Etsy to Announce Third Quarter 2022 Financial Results on November 2, 2022.


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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, plans to release its third quarter financial results on Wednesday, November 2, 2022 in a press release after the market close. The press release can be accessed on the Etsy Investor Relations website (investors.etsy.com).

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.

The results of the trading session contributed to over 3082630 shares changing hands. Over the past one week, the price volatility of Etsy Inc. stands at 5.42% while the volatility over the past one month is 5.44%.

The market cap for ETSY stock reached $12.34 billion, with 127.09 million shares outstanding and 125.67 million shares in the current float. Compared to the average trading volume of 3.11M shares, ETSY reached a trading volume of 3082630 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 $118.61 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.

Goldman have made an estimate for Etsy Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on October 10, 2022. While these analysts kept the previous recommendation, Guggenheim raised their target price to Buy. The new note on the price target was released on October 04, 2022, representing the official price target for Etsy Inc. stock. Previously, the target price had yet another raise to $120, while BofA Securities analysts kept a Neutral rating on ETSY stock.

The Average True Range (ATR) for Etsy Inc. is set at 6.02, with the Price to Sales ratio for ETSY stock in the period of the last 12 months amounting to 5.11. The Price to Book ratio for the last quarter was 22.08, with the Price to Cash per share for the same quarter was set at 8.23. Price to Free Cash Flow for ETSY in the course of the last twelve months was 21.99 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 3.56. With this latest performance, ETSY shares dropped by -1.21% in over the last four-week period, additionally sinking by -0.95% over the last 6 months – not to mention a drop of -58.62% 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 48.10, with the RSI for the last a single of trading hit 48.47, and the three-weeks RSI is set at 48.41 for Etsy Inc. [ETSY]. The present Moving Average for the last 50 days of trading for this stock 104.56, while it was recorded at 101.71 for the last single week of trading, and 110.11 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 -1.70%.

Insider trade positions for Etsy Inc. [ETSY]

There are presently around $12,886 million, or 99.29% of ETSY stock, in the hands of institutional investors. The top three institutional holders of ETSY stocks are: VANGUARD GROUP INC with ownership of 13,749,921, which is approximately 0.339% of the company’s market cap and around 0.70% of the total institutional ownership; BLACKROCK INC., holding 11,636,131 shares of the stock with an approximate value of $1.17 billion in ETSY stocks shares; and WELLINGTON MANAGEMENT GROUP LLP, currently with $937.91 million in ETSY stock with ownership of nearly 21.676% of the company’s market capitalization.

Positions in Etsy Inc. stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 328 institutional holders increased their position in Etsy Inc. [NASDAQ:ETSY] by around 24,096,625 shares. Additionally, 383 investors decreased positions by around 16,734,040 shares, while 105 investors held positions by with 86,863,580 shares. The mentioned changes placed institutional holdings at 127,694,245 shares, according to the latest SEC report filing. ETSY stock had 70 new institutional investments in for a total of 2,479,739 shares, while 149 institutional investors sold positions of 1,790,746 shares during the same period.

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