Is Etsy Inc (NASDAQ: ETSY) No Longer A Good Investment?

After Hours

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. Most recently, Yahoo Finance reported about the stock as it publicized that Etsy Announces the Appointment of Marc Steinberg to its Board of Directors.

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Stocks Info

ETSY belongs to the Consumer Cyclical sector of the NASDAQ while operating in the Internet Retail industry. At the end of the last regular session, the stock closed at $75.70 and fluctuated between $76.66 as its day high and $70.88 as its day low. The current market capitalization of Etsy Inc is $9.07B. A total of 7.29 million shares were traded on the day, compared to an average of 4.41M shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, ETSY has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 50 BUYs and 111 SELLs from insiders. Insiders purchased 492,599 shares during that period but sold 403,063.

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.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for ETSY in the last 3 months, the mean price target is $82.17 with high estimates of $125.00 and low estimates of $47.00. 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 $0.78 per share for the current quarter. EPS was calculated based on a consensus of 20 estimates, with a high estimate of $0.94 per share and a lower estimate of $0.37. The company reported an EPS of $0.45 in the last quarter, which was 4.70% higher than expectations of $0.43.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using 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

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. 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 3.70.

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