Market Highlights: Etsy Inc (ETSY) Ends on a Low Note at 58.87

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The price of Etsy Inc (NASDAQ: ETSY) closed at $58.87 in the last session, down -2.11% from day before closing price of $60.14. In other words, the price has decreased by -$2.11 from its previous closing price. On the day, 3.76 million shares were traded. ETSY stock price reached its highest trading level at $59.92 during the session, while it also had its lowest trading level at $58.56.

Ratios:

We take a closer look at ETSY’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 6.60 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 10.13. For the most recent quarter (mrq), Quick Ratio is recorded 2.49 and its Current Ratio is at 2.49.

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 the company, Loop Capital on May 02, 2024, Downgraded its rating to Sell and sets its target price to $50 from $70 previously.

Morgan Stanley Downgraded its Equal-Weight to Underweight on April 18, 2024, whereas the target price for the stock was revised from $65 to $55.

Insider Transactions:

An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Jun 10 ’24 when Nadal Toni Thompson sold 1,444 shares for $65.68 per share. The transaction valued at 94,849 led to the insider holds 592 shares of the business.

Kumar Rachana sold 500 shares of ETSY for $32,360 on Jun 05 ’24. The CHIEF TECHNOLOGY OFFICER now owns 19,979 shares after completing the transaction at $64.72 per share. On Jun 03 ’24, another insider, Daniel Nicholas, who serves as the CHIEF PRODUCT OFFICER of the company, sold 750 shares for $64.79 each. As a result, the insider received 48,590 and left with 18,182 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 6883845632 and an Enterprise Value of 8229148160. As of this moment, Etsy’s Price-to-Earnings (P/E) ratio for their current fiscal year is 26.85, and their Forward P/E ratio for the next fiscal year is 21.01. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.47. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.50. Its current Enterprise Value per Revenue stands at 2.989 whereas that against EBITDA is 19.304.

Stock Price History:

Over the past 52 weeks, ETSY has reached a high of $102.81, while it has fallen to a 52-week low of $56.60. The 50-Day Moving Average of the stock is -9.24%, while the 200-Day Moving Average is calculated to be -15.09%.

Shares Statistics:

According to the various share statistics, ETSY traded on average about 3.34M shares per day over the past 3-months and 2947490 shares per day over the past 10 days. A total of 119.07M shares are outstanding, with a floating share count of 115.92M. Insiders hold about 0.87% of the company’s shares, while institutions hold 105.28% stake in the company. Shares short for ETSY as of 1715731200 were 15128257 with a Short Ratio of 4.33, compared to 1713139200 on 15630925. Therefore, it implies a Short% of Shares Outstanding of 15128257 and a Short% of Float of 14.760000000000002.

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