During the last session, Etsy Inc (NASDAQ:ETSY)’s traded shares were 2.59 million, with the beta value of the company hitting 2.02. At the end of the trading day, the stock’s price was $64.98, reflecting an intraday loss of -0.88% or -$0.58. The 52-week high for the ETSY share is $108.80, that puts it down -67.44 from that peak though still a striking 10.43% gain since the share price plummeted to a 52-week low of $58.20. The company’s market capitalization is $7.70B, and the average intraday trading volume over the past 10 days was 2.56 million shares, and the average trade volume was 3.86 million shares over the past three months.
Etsy Inc (NASDAQ:ETSY) trade information
Etsy Inc (ETSY) registered a -0.88% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -0.88% in intraday trading to $64.98, hitting a weekly high. The stock’s 5-day price performance is -5.44%, and it has moved by -5.29% in 30 days. Based on these gigs, the overall price performance for the year is -40.73%. The short interest in Etsy Inc (NASDAQ:ETSY) is 15.56 million shares and it means that shorts have 3.59 day(s) to cover.
Etsy Inc (ETSY) estimates and forecasts
Statistics show that Etsy Inc has underperformed its competitors in share price, compared to the industry in which it operates. Etsy Inc (ETSY) shares have gone up 1.95% during the last six months, with a year-to-date growth rate less than the industry average at 7.44% against 17.80. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to shrink -5.70% this quarter and then jump 15.60% in the quarter after that. In the rating firms’ projections, revenue will increase 3.40% compared to the previous financial year.
Revenue for the current quarter is expected to be $645.82 million as predicted by 22 analyst(s). Meanwhile, a consensus of 22 analyst(s) estimates revenue growth to $645.61 million by the end of Jun 2024. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $640.88 million and $619.14 million respectively. In this case, analysts expect current quarter sales to grow by 0.80% and then jump by 4.30% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 29.72%. While earnings are projected to return 15.83% in 2024, the next five years will return 22.60% per annum.
ETSY Dividends
Etsy Inc is due to release its next quarterly earnings between May 01 and May 06. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Etsy Inc (NASDAQ:ETSY)’s Major holders
Etsy Inc insiders own 0.87% of total outstanding shares while institutional holders control 101.44%, with the float percentage being 102.33%. Vanguard Group Inc is the largest shareholder of the company, while 989 institutions own stock in it. As of Dec 30, 2023, the company held over 13.44 million shares (or 11.34% of all shares), a total value of $873.13 million in shares.
The next largest institutional holding, with 9.29 million shares, is of Blackrock Inc.’s that is approximately 7.84% of outstanding shares. At the market price on Dec 30, 2023, these shares were valued at $603.73 million.
Also, the Mutual Funds coming in first place with the largest holdings of Etsy Inc (ETSY) shares are VanEck ETF Trust-VanEck Morningstar Wide Moat ETF and Vanguard Total Stock Market Index Fund. Data provided on Jan 30, 2024 indicates that VanEck ETF Trust-VanEck Morningstar Wide Moat ETF owns about 4.5 million shares. This amounts to just over 3.79 percent of the company’s overall shares, with a $292.14 million market value. The same data shows that the other fund manager holds slightly less at 3.77 million, or about 3.18% of the stock, which is worth about $245.21 million.
