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Tuesday, December 5, 2023

Make Sure You Stick With Etsy Inc (ETSY). It’s Bull Time Again

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. After-hours trades for Etsy Inc (ETSY) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.01, or -0.02%, to $62.01. The Etsy Inc has recorded 51,553 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed Etsy, Inc. Reports Third Quarter 2023 Results.

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Stocks Info

Etsy Inc is listed on the NASDAQ in the Consumer Cyclical sector while operating in the Internet Retail industry. At the end of the last regular session, the stock closed at $62.02 and fluctuated between $64.57 as its day high and $61.56 as its day low. The current market capitalization of Etsy Inc is $7.43B. A total of 2.75 million shares were traded on the day, compared to an average of 3.57M shares.

Insider Activity

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, ETSY has seen 11 BUY and 19 SELL insider trades, representing the acquisition of 124,234 and the disposition of 82,691 shares. Over the last 12 months, there were 65 BUYs and 162 SELLs from insiders. Insiders purchased 708,875 shares during that period but sold 619,110.

In the most recent transaction, Silverman Josh sold 10,425 shares of ETSY for 62.26 per share on Oct 25. After the transaction, the President & CEO now owns 23,140 company shares. In a previous transaction on Oct 11, Silverman Josh sold 10,425 shares at 64.51 per share. ETSY shares that President & CEO owns now total 23,140.

Among the insiders who sold shares, Buckley Merilee disposed of 1,670 shares on Oct 03 at a per-share price of $62.94. This resulted in the Chief Accounting Officer holding 2,827 shares of ETSY after the transaction. In another insider transaction, SCOTT RYAN M. sold 1,043 shares at $62.91 per share on Oct 03. Company shares held by the Chief Marketing Officer now total 7,735.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for ETSY in the last 3 months, the mean price target is $74.41 with high estimates of $125.00 and low estimates of $46.00. In terms of 52-week highs and lows, ETSY has a high of $149.91 and a low of $58.20.

As of this writing, ETSY has an earnings estimate of $0.51 per share for the current quarter. EPS was calculated based on a consensus of 19 estimates, with a high estimate of $0.6 per share and a lower estimate of $0.39. The company reported an EPS of $0.53 in the last quarter, which was -3.60% lower than expectations of $0.55.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. ETSY’s latest balance sheet shows that the firm has $984.61M in Cash & Short Term Investments as of fiscal 2021. There were $2.39B in debt and $615.59M in liabilities at the time. Its Book Value Per Share was -$5.20, while its Total Shareholder’s Equity was $628.62M.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for ETSY is Buy with a score of 3.78.

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