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Etsy Inc. (NASDAQ:ETSY) Projected To Shrink By -87.75% Or More

In recent trading session, Etsy Inc. (NASDAQ:ETSY) saw 0.89 million shares changing hands at last check today with its beta currently measuring 1.85. Company’s recent per share price level of $99.07 trading at -$5.0 or -4.80% at last check today assigns it a market valuation of $13.70B. That most recent trading price of ETSY’s stock is at a discount of -210.64% from its 52-week high price of $307.75 and is indicating a premium of 32.36% from its 52-week low price of $67.01. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 2.64 million shares which gives us an average trading volume of 3.46 million if we extend that period to 3-months.

For Etsy Inc. (ETSY), analysts’ consensus is at an average recommendation of an Overweight while assigning it a mean rating of 2.30. Splitting up the data highlights that, out of 26 analysts covering the stock, 1 rated the stock as a Sell while 3 recommended an Overweight rating for the stock. 12 suggested the stock as a Hold whereas 10 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of $0.37 in the current quarter.

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Etsy Inc. (NASDAQ:ETSY) trade information

Upright in the red during last session for losing -4.80%, in the last five days ETSY remained trading in the red while hitting it’s week-highest on Monday, 09/19/22 when the stock touched $99.07 price level, adding 11.48% to its value on the day. Etsy Inc.’s shares saw a change of -52.47% in year-to-date performance and have moved -6.44% in past 5-day. Etsy Inc. (NASDAQ:ETSY) showed a performance of 0.32% in past 30-days. Number of shares sold short was 12.55 million shares which calculate 4.5 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of $116.39 to the stock, which implies a rise of 14.88% to its recent value today. Analysts have been projecting $51.00 as a low price target for the stock while placing it at a high target of $186.00. It follows that stock’s current price would drop -87.75% in reaching the projected high whereas dropping to the targeted low would mean a gain of 48.52% for stock’s current value.

Etsy Inc. (ETSY) estimates and forecasts

Statistics highlight that Etsy Inc. is scoring comparatively lower than the scores of other players of the relevant industry. The company lost -29.80% of value to its shares in past 6 months, showing an annual growth rate of -30.88% while that of industry is -5.20. Apart from that, the company came lowering its revenue forecast for fiscal year 2022. The company is estimating its revenue growth to decrease by -40.30% in the current quarter and calculating -36.90% decrease in the next quarter. This year revenue growth is estimated to rise 6.10% from the last financial year’s standing.

20 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $562.38 million for the same. And 19 analysts are in estimates of company making revenue of $745.32 million in the next quarter that will end on Dec 2022.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 71.40% during past 5 years. In 2022, company’s earnings growth rate is likely to be around 23.60% while estimates for its earnings growth in next 5 years are of -1.70%.

ETSY Dividends

Etsy Inc. is more likely to be releasing its next quarterly report between November 01 and November 07 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.

Etsy Inc. (NASDAQ:ETSY)’s Major holders

Insiders are in possession of 0.75% of company’s total shares while institution are holding 104.59 percent of that, with stock having share float percentage of 105.38%. Investors also watch the number of corporate investors in a company very closely, which is 104.59% institutions for Etsy Inc. that are currently holding shares of the company. Vanguard Group, Inc. (The) is the top institutional holder at ETSY for having 13.75 million shares of worth $1.36 billion. And as of Jun 29, 2022, it was holding 10.86% of the company’s outstanding shares.

The second largest institutional holder is Blackrock Inc., which was holding about 11.64 million shares on Jun 29, 2022. The number of shares represents firm’s hold over 9.19% of outstanding shares, having a total worth of $1.15 billion.

On the other hand, Vanguard Total Stock Market Index Fund and Vanguard Mid-Cap Index Fund are the top two Mutual Funds which own company’s shares. As of Jun 29, 2022, the former fund manager was holding 3.74 million shares of worth $370.08 million or 2.95% of the total outstanding shares. The later fund manager was in possession of 2.93 million shares on Jun 29, 2022, making its stake of worth around $289.62 million in the company or a holder of 2.31% of company’s stock.

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