The closing price of Etsy Inc (NASDAQ: ETSY) was $72.08 for the day, up 0.17% from the previous closing price of $71.96. In other words, the price has increased by $+0.12 from its previous closing price. On the day, 4147450 shares were traded.
Ratios:
Our analysis of ETSY’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 7.42 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 12.83. For the most recent quarter (mrq), Quick Ratio is recorded 2.21 and its Current Ratio is at 2.21.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, BTIG Research on February 22, 2024, Reiterated its Buy rating but revised its target price to $87 from $90 previously.
On January 10, 2024, Goldman Downgraded its rating to Neutral which previously was Buy and also lowered its target price recommendation from $84 to $80.
Wolfe Research reiterated its Outperform rating for the stock on December 14, 2023, while the target price for the stock was revised from $76 to $100.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Oct 25 when Silverman Josh sold 10,425 shares for $62.26 per share. The transaction valued at 649,053 led to the insider holds 23,140 shares of the business.
Silverman Josh sold 10,425 shares of ETSY for $672,473 on Oct 11. The President & CEO now owns 23,140 shares after completing the transaction at $64.51 per share. On Oct 03, another insider, Buckley Merilee, who serves as the Chief Accounting Officer of the company, sold 1,670 shares for $62.94 each. As a result, the insider received 105,104 and left with 2,827 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, ETSY now has a Market Capitalization of 8.54B and an Enterprise Value of 9.78B. As of this moment, Etsy’s Price-to-Earnings (P/E) ratio for their current fiscal year is 32.06, and their Forward P/E ratio for the next fiscal year is 23.83. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.42. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.11. Its current Enterprise Value per Revenue stands at 3.56 whereas that against EBITDA is 24.56.
Stock Price History:
Over the past 52 weeks, ETSY has reached a high of $124.40, while it has fallen to a 52-week low of $58.20. The 50-Day Moving Average of the stock is 75.89, while the 200-Day Moving Average is calculated to be 77.51.
Shares Statistics:
ETSY traded an average of 4.58M shares per day over the past three months and 4.93M shares per day over the past ten days. A total of 119.07M shares are outstanding, with a floating share count of 117.48M. Insiders hold about 0.85% of the company’s shares, while institutions hold 101.08% stake in the company. Shares short for ETSY as of Jan 31, 2024 were 14.55M with a Short Ratio of 3.17, compared to 13.32M on Dec 29, 2023. Therefore, it implies a Short% of Shares Outstanding of 12.15% and a Short% of Float of 13.86%.
Earnings Estimates
The firm’s stock currently is rated by 21 analysts. On average, analysts expect EPS of $0.5 for the current quarter, with a high estimate of $0.62 and a low estimate of $0.33, while EPS last year was $0.53. The consensus estimate for the next quarter is $0.52, with high estimates of $0.69 and low estimates of $0.4.
Analysts are recommending an EPS of between $3.1 and $2.19 for the fiscal current year, implying an average EPS of $2.63. EPS for the following year is $3.06, with 25 analysts recommending between $3.74 and $2.5.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 25 analysts. It ranges from a high estimate of $659M to a low estimate of $635.6M. As of the current estimate, Etsy Inc’s year-ago sales were $640.88M, an estimated increase of 0.90% from the year-ago figure. For the next quarter, 24 analysts are estimating revenue of $645.93M, an increase of 4.30% over than the figure of $0.90% in the same quarter last year. There is a high estimate of $662.6M for the next quarter, whereas the lowest estimate is $623.8M.
A total of 32 analysts have provided revenue estimates for ETSY’s current fiscal year. The highest revenue estimate was $2.9B, while the lowest revenue estimate was $2.77B, resulting in an average revenue estimate of $2.85B. In the same quarter a year ago, actual revenue was $2.75B, up 3.50% from the average estimate. Based on 30 analysts’ estimates, the company’s revenue will be $3.07B in the next fiscal year. The high estimate is $3.26B and the low estimate is $2.93B. The average revenue growth estimate for next year is up 7.90% from the average revenue estimate for this year.
