In yesterday’s Wall Street session, Etsy Inc (NASDAQ:ETSY) shares traded at $60.14, down -4.95% from the previous session.
ETSY stock price is now -7.42% away from the 50-day moving average and -13.34% away from the 200-day moving average. The market capitalization of the company currently stands at $7.03B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
With the price target reduced from $70 to $50, Loop Capital Downgraded its rating from Hold to Sell for Etsy Inc (NASDAQ: ETSY). , while ‘Morgan Stanley’ rates the stock as ‘Underweight’
In other news, Nadal Toni Thompson, CHIEF HUMAN RESOURCES OFFICER sold 1,444 shares of the company’s stock on Jun 10 ’24. The stock was sold for $94,849 at an average price of $65.68. Upon completion of the transaction, the CHIEF HUMAN RESOURCES OFFICER now directly owns 592 shares in the company, valued at $35602.88. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 05 ’24, CHIEF TECHNOLOGY OFFICER Kumar Rachana sold 500 shares of the business’s stock. A total of $32,360 was realized by selling the stock at an average price of $64.72. This leaves the insider owning 19,979 shares of the company worth $1.2 million. A total of 0.87% of the company’s stock is owned by insiders.
During the past 12 months, Etsy Inc has had a low of $56.60 and a high of $102.81. According to the stock market information, the enterprise value for the company is $8377652736, which is based on a 27.42 price-to-earnings ratio, a 1.50 price-to-earnings-growth ratio, and a beta of 2.03. The fifty day moving average price for ETSY is $64.861 and a two-hundred day moving average price translates $69.33447 for the stock.
The latest earnings results from Etsy Inc (NASDAQ: ETSY) was released for 2024-03-31. The net profit margin was 10.75% and return on equity was -1224.50% for ETSY. The company reported revenue of $645.95 million for the quarter, compared to $640.88 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 0.79 percent.
