During the recent session, Etsy Inc (NASDAQ:ETSY)’s traded shares were 4.29 million, with the beta value of the company hitting 1.99. At the last check today, the stock’s price was $52.57, reflecting an intraday gain of 9.54% or $4.58. The 52-week high for the ETSY share is $89.58, that puts it down -70.4 from that peak though still a striking 10.41% gain since the share price plummeted to a 52-week low of $47.10. The company’s market capitalization is $6.03B, and the average intraday trading volume over the past 10 days was 3.27 million shares, and the average trade volume was 4.08 million shares over the past three months.
Etsy Inc (ETSY) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 2.72. ETSY has a Sell rating from 2 analyst(s) out of 20 analysts who have looked at this stock. 7 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 11 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.95.
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Etsy Inc (NASDAQ:ETSY) trade information
Etsy Inc (ETSY) registered a 9.54% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 9.54% in intraday trading to $52.57, hitting a weekly high. The stock’s 5-day price performance is 8.10%, and it has moved by 1.41% in 30 days. Based on these gigs, the overall price performance for the year is -15.62%. The short interest in Etsy Inc (NASDAQ:ETSY) is 17.18 million shares and it means that shorts have 3.47 day(s) to cover.
The consensus price target of analysts on Wall Street is $75, which implies an increase of 29.91% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $47 and $270 respectively. As a result, ETSY is trading at a discount of -413.6% off the target high and 10.6% off the low.
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 down -11.26% during the last six months, with a year-to-date growth rate less than the industry average at -2.07% against 16.50. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 53.20% this quarter and then jump 4.20% in the quarter after that. In the rating firms’ projections, revenue will increase 2.40% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 866.03M as predicted by 26 analyst(s). Meanwhile, a consensus of 14 analyst(s) estimates revenue growth to 665.98M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 842.32M and 646.33M respectively. In this case, analysts expect current quarter sales to grow by 2.80% and then jump by 3.00% 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 1.49% in 2024, the next five years will return 3.00% per annum.
ETSY Dividends
Etsy Inc is due to release its next quarterly earnings on 2025-Feb-19. 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 0.91% of total outstanding shares while institutional holders control 102.90%, with the float percentage being 103.84%. VANGUARD GROUP INC is the largest shareholder of the company, while 849.0 institutions own stock in it. As of 2024-06-30, the company held over 13.44 million shares (or 11.3502% of all shares), a total value of $792.88 million in shares.
The next largest institutional holding, with 10.14 million shares, is of BLACKROCK INC.’s that is approximately 8.5605% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $598.0 million.
