Etsy is an e-commerce website focusing on vintage or handmade or items with craft supplies. These items come under a huge category range like jewellery, home décor, clothing, bags, furniture, playing toys, arts and craft supplies with tools. These vintage items are expected at least 20 years old.
By December 31, 2018, Etsy had 60 million-plus items in their marketplace.
This online market of handmade plus vintage goods made a connection between 2.1 million sellers and 39.4 million buyers. By the end of 2018, 874 employees are connected with this firm of antiques.US$3.93 billion of total sales on the platform was made by Etsy in 2018. In the last 12 months. Their average twelve-month price target is $124.38, predicting a possible downside of 4.62% in the stock. The high target is $170.00 and the low target is $52.00. There are currently 1 sell and 1 hold and 16 buy ratings of stock, with NASDAQ: ETSY at https://www.webull.com/quote/nasdaq-etsy of $130.41
Stock Highs and Lows
The company held its initial public offering in April 2015, pricing shares at 16 and raising $267 million. On its day one, there was a pop of 72% of Etsy stock in trading. But it was downhill from there as Etsy stock gradually dropped to its all-time low of 6.04 over the next nine months. After that, Etsy stock went on a growth spurt, based on a string of better-than-expected earnings reports and management reshuffling. The seven-month peak of 63.24 was hit by Etsy stock on March 4, just before the pandemic of Covid-19 which disturbed the Wall Street. From that point, it plunged 52% to a low of 29.95, as stock markets plunged globally. After reaching the sharp recovery point, Etsy stock is moving on a vertical run with soaring of 330%. Its advertising platform and free shipping facility for order value starting from $35 were a great change. Etsy made a more dynamically personalized homepage for easy serving. Mobile app and transferred computing operations to the cloud were improved.
Stock Fundamental Analysis
When it reported first-quarter earnings on May 6, revenue surged 35% to $228 million, topping expectations of $220 million. Adjusted earnings of 10 cents per share missed expectations of 18 cents. Gross merchandise sales jumped 130% in April, from 32% growth to $1.4 billion in the first quarter from the year-ago period. There were contributing factors like increased demand in craft supplies, toys and games, self-care products, and apparel for both quarters, and that stabilized NASDAQ: ETSY. The e-commerce company reported adjusted earnings of 75 cents per share, smashing estimates of 39 cents. Revenue jumped 137% to $428.7 million, estimates of $329.8 million. Gross merchandise sales jumped 147% to $2.69 billion. You can check more stock news at stocks website.
Disclaimer: The analysis information is for reference only and does not constitute an investment recommendation.
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