Etsy Inc (NASDAQ: ETSY) closed the day trading at $68.61 up 0.09% from the previous closing price of $68.55. In other words, the price has increased by $+0.06 from its previous closing price. On the day, 2755856 shares were traded.
Ratios:
For a better understanding of ETSY, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 7.07 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 12.21. 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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Feb 27 ’24 when Silverman Josh sold 63,047 shares for $72.50 per share. The transaction valued at 4,570,908 led to the insider holds 23,140 shares of the business.
Daniel Nicholas sold 1,500 shares of ETSY for $107,728 on Feb 27 ’24. The CHIEF PRODUCT OFFICER now owns 13,138 shares after completing the transaction at $71.82 per share. On Oct 25 ’23, another insider, Silverman Josh, who serves as the President & CEO of the company, sold 10,425 shares for $62.26 each. As a result, the insider received 649,053 and left with 23,140 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 8.13B and an Enterprise Value of 9.37B. As of this moment, Etsy’s Price-to-Earnings (P/E) ratio for their current fiscal year is 30.52, and their Forward P/E ratio for the next fiscal year is 22.72. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.35. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.96. Its current Enterprise Value per Revenue stands at 3.41 whereas that against EBITDA is 23.53.
Stock Price History:
Over the past 52 weeks, ETSY has reached a high of $122.51, while it has fallen to a 52-week low of $58.20. The 50-Day Moving Average of the stock is 74.25, while the 200-Day Moving Average is calculated to be 76.76.
Shares Statistics:
Over the past 3-months, ETSY traded about 4.43M shares per day on average, while over the past 10 days, ETSY traded about 4.93M shares per day. 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 100.97% stake in the company. Shares short for ETSY as of Feb 15, 2024 were 14.61M with a Short Ratio of 3.30, compared to 14.6M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 12.27% and a Short% of Float of 14.01%.
Earnings Estimates
Current recommendations for the stock of the company come from 19 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 $0.51, 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 $2.61. EPS for the following year is $3.06, with 22 analysts recommending between $3.74 and $2.5.
Revenue Estimates
24 analysts predict $646.24M in revenue for the current quarter. It ranges from a high estimate of $658.5M 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 0.80% from the year-ago figure. For the next quarter, 24 analysts are estimating revenue of $645.65M, an increase of 4.30% over than the figure of $0.80% 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 29 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 $2.84B. In the same quarter a year ago, actual revenue was $2.75B, up 3.40% from the average estimate. Based on 28 analysts’ estimates, the company’s revenue will be $3.06B 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 7.70% from the average revenue estimate for this year.
