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Etsy Inc (ETSY) stock is trading at $92.30 as of 1:48 PM on Friday, Jun 9, a gain of $4.74, or 5.41% from the previous closing price of $87.56. Etsy Stock Lost 4% In One Week, Where Is It Headed? - Forbes Down 70%, Is Etsy Stock a Buy Now? - sharewise Real-time outages, problems and issues for Etsy. Portions of this content may be copyrighted by Fresh Brewed Media, Investors Observer, and/or O2 Media LLC. 0. Q1 results showed blistering growth, but management's. But a cyclical downturn doesn't threaten the investing thesis for this business. Why Etsy Stock Is Down. So is now the right time to buy Etsy's stock? Etsy, Inc. engages in the operation of an online marketplace. Is Now the Time to Buy? ), Deutsche explained that it is "bullish on the long-term secular trends underlying Etsy's business model." Shares of online marketplace Etsy ( ETSY 4.20%) fell 20% in March according to data provided by S&P Global Market Intelligence. (Etsy closed near $137 a share last night, before the rating came out. Shares have lost about 11.4% in that time frame, underperforming the S&P 500. August 5, 2021 9:28 AM | 1 min read. They are also spending less on discretionary items, due in part to negative macroeconomic factors. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. Etsy Inc. Watch list After Hours Last Updated: Jun 9, 2023 7:59 p.m. EDT Delayed quote $ 91.41 0.17 0.19% After Hours Volume: 49.31K Advanced Charting Volume: 5.6M 65 Day Avg: 3.43M 163% vs Avg. While the bears have concerns about the e-commerce site's ability to navigate a weak economic environment, contrarian investors are sniffing around for potential bargains after the significant fall in Etsy's share price. ET. Why did Etsy stock go down today? Still, its valuation is much higher than Amazon's multiple of 2.4. To judge Etsy's wider prospects, follow trends like growth in the buyer pool and in the company's take rate (the fees it charges sellers). First up: Inflation. Uber has a Zacks Rank #3 (Hold) based on the overall direction and magnitude of estimate revisions. Source: FactSet. Disney Stock Could Double: Return To Historical Performance, For AI Exposure, Try Global Artificial Intelligence ETF, Mobileye: A Recent IPO With High Growth (And Squeeze) Potential, Recession-Resistant Starbucks Stock is Ready to Bounce, Is it Time to Take Harley Davidson For a Ride, EV Charging Solutions: GM's Move Reflects Industry Challenges, This Historical Indicator Makes Buffett's Bank Of America A Buy, 3 High-Short-Interest Stocks Spark Potential Opportunities. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. At this time, Etsy has a nice Growth Score of B, though it is lagging a lot on the Momentum Score front with a D. Following the exact same course, the stock was allocated a grade of D on the value side, putting it in the bottom 40% for this investment strategy. Downdetector only reports an incident when the number of problem reports is significantly higher than the typical volume for that time of day. With an annual GMS of less than $12 billion, the tech company has just touched the tip of the iceberg. The online marketplace operator had an even worse run since markets began falling in late 2021. Shares of online marketplace Etsy ( ETSY 3.68%) tanked on Thursday after the company reported financial results for the first quarter of 2021. Sales volumes on the platform fell 3% in the first quarter, which is hardly an impressive statistic for a growth stock. The Motley Fool has positions in and recommends Amazon.com and Etsy. Is the website down or not working properly? First, Etsy stock's valuation has dropped . Finally, ICA Group Wealth Management LLC purchased a new position in Etsy during the fourth quarter valued at $28,000. To make the world smarter, happier, and richer. Etsy, Inc. (ETSY) stock price, news, quote & history - Yahoo Finance Shares of online crafts bazaar Etsy (ETSY-2.75%) got its tables flipped over on Friday morning. Portions of this content protected by US Patent numbers 7,865,496, 7,856,390, and 7,716,116. "In the current macroeconomic environment, consumers have less disposable income and many more places to spend it, and while this creates a short-term headwind for sales on our marketplaces, we have very strong conviction in the long-term growth potential of our business," Glaser said. Invest better with The Motley Fool. Why Etsy Inc's (ETSY) Stock Is Down 4.71% | AAII - Investor Education Etsy, Inc. (ETSY) Latest Stock News & Headlines - Yahoo Finance The e-commerce company's phenomenal pandemic growth has been slowing. The Labor Department released the latest Producer Price Index data today, which showed that wholesale prices rose faster than expected last month. CoreCap Advisors LLC purchased a new position in shares of Etsy in the 4th quarter worth $28,000. For perspective, its current price-to-sales ratio is 4.4 while its five-year average is 10.6. While the market is forward-looking, I would argue that many investors and analysts don't look far enough forward. ETSY has an Overall Score of 47. While its sales and earnings trends might be impaired by a further consumer spending slowdown, Etsy shareholders have a good shot at seeing market-beating returns if they focus on holding the stock through this period of elevated volatility. Invest better with The Motley Fool. It turns out, estimates review have trended downward during the past month. OLD Mission Capital LLC purchased a new position in shares of Etsy in the 4th quarter worth $25,000. However, the market is forward-looking, and the company's guidance disappointed. In February the market was hot and investors were more optimistic, leading to higher price targets. But Wall Street has overreacted to the company's short-term challenges, and that has created a potentially excellent buying opportunity for patient investors. 4 min read Momentum investing revolves around the idea of following a stock's recent. In my opinion, there are three key reasons for Etsy's recent share price correction. Copy and paste multiple symbols separated by spaces. As of Mar 31, 2023, cash and cash equivalents totaled $786.8 million, which decreased from $921.3 million as of Dec 31, 2022.Short-term investments were $252.7 million, up from $250.4 million in the previous quarter.Long-term debt stood at $2.28 billion at the end of the first quarter compared with $2.279 billion at the end of the prior quarter.In first-quarter 2023, the company generated $55.6 million in cash from operations. Why did Etsy stock go down today? Tech firm gives up Needham-linked Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. Most-Downgraded Stocks NASDAQ:ETSY Etsy (ETSY) News Today $91.24 +3.68 (+4.20%) (As of 06/9/2023 ET) Compare Today's Range $90.40 $93.59 50-Day Range $81.05 $109.64 52-Week Range $67.01 $149.91 Volume 5.60 million shs Average Volume 3.33 million shs Market Capitalization $11.25 billion Like the Consumer Price Index, which is a more closely watched indicator for inflation, the Producer Price Index is also an economic gauge of how prices are rising or falling. Etsy Inc (ETSY) has fallen 0.65% Thursday In Premarket Trading *Average returns of all recommendations since inception. Long story short, it will likely take a while before Etsy regains its growth momentum. 3 Reasons Etsy Stock Is a No-Brainer Buy Despite Its Recent Losses Etsy (NASDAQ: ETSY) stock has been a poor performer in 2023, down by more than 30% through late May. To begin with, Etsy operates in a vast market with an estimated total addressable market (TAM) of nearly half a trillion dollars. They just revealed what they believe are the ten best stocks for investors to buy right now and Etsy wasn't one of them! Kay Lacey Watercolours on Twitter: "RT @WatsonsVintage: Happy Saturday Demitri Kalogeropoulos for The Motley Fool has a disclosure policy. Lawrence Nga has no position in any of the stocks mentioned. Etsy Inc's market capitalization is $10.78 B by 123.35 M shares outstanding. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. Firstly, investors are likely to have been selling Work-From-Home or WFH beneficiaries and buying reopening. But those results are heavily skewed by pandemic-related demand shifts. Click the link below and we'll send you MarketBeat's guide to pot stock investing and which pot companies show the most promise. Still, investors should not ignore its longer-term growth opportunities as Etsy strives to capture a larger market share. Is Frontline's 20% Dividend Too Good To Be True? MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on and Etsy wasn't on the list. The stock traded as low as $88.32 and last traded at $88.39. This story was reviewed by MarketBeat's editorial team prior to publication. So, despite the small decline in the first quarter, Etsy marketplace GMS was still up an impressive 177% compared with the first quarter of 2019. Learn More. So take today's lowered price target from Oppenheimer and others with a grain of salt. Revenue) or per share (e.g. But now that it's been named a top stock pick for 2022 by a Wall Street investment bank, is Etsy stock a buy? It operates through the following segments: Etsy, Reverb, Depop, and Elo7. Another critical factor to consider before buying Etsy's stock is its valuation. Today's Range $90.40 $93.59 50-Day Range $81.05 $109.64 52-Week Range $67.01 $149.91 Volume 5.60 million shs Average Volume 3.33 million shs Market Capitalization $11.25 billion P/E Ratio N/A Dividend Yield N/A Price Target $126.22 Is This Why Mike Burry Took a Stake in The RealReal Stock? Etsy is having a solid rally, rocketing higher after announcing a $1.62 billion deal to buy fashion resaler Depop. Etsy's stock was down by 4.5% as of 1:50 p.m. But for those with a three- to five-year time horizon, Etsy's business is looking strong. Why Etsy (ETSY) Stock Is Trading Lower Today - The Globe and Mail Shares of the e-commerce marketplace company Etsy (ETSY -0.80%) were sliding today likely as investors grew increasingly worried about the economy. And buyers are more likely to continue shopping on the platform than they've been in over a year. It is common for some problems to be reported throughout the day. Spire Wealth Management boosted its stake in shares of Etsy by 184.1% in the 1st quarter. As of noon ET, shares of Etsy are down a shocking 9.7%. ETSY stock closed at $87.57 and is down -$0.57 during pre-market trading. Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Want the latest recommendations from Zacks Investment Research? Type a symbol or company name. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. ETSY has been the subject of a number of research reports.

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