In yesterday’s Wall Street session, Etsy Inc (NASDAQ:ETSY) shares traded at $54.07, up 0.13% from the previous session.
ETSY stock price is now -5.03% away from the 50-day moving average and -18.41% away from the 200-day moving average. The market capitalization of the company currently stands at $6.20B.
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With the price target of $50, Cantor Fitzgerald recently initiated with Neutral rating for Etsy Inc (NASDAQ: ETSY). , while ‘Oppenheimer’ rates the stock as ‘Perform’
In other news, Daniel Nicholas, CHIEF PRODUCT OFFICER sold 750 shares of the company’s stock on Sep 03 ’24. The stock was sold for $41,550 at an average price of $55.40. Upon completion of the transaction, the CHIEF PRODUCT OFFICER now directly owns 18,083 shares in the company, valued at $0.98 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 03 ’24, Officer Daniel Nicholas bought 750 shares of the business’s stock. A total of $41,302 was incurred on buying the stock at an average price of $55.07. A total of 0.93% of the company’s stock is owned by insiders.
During the past 12 months, Etsy Inc has had a low of $50.63 and a high of $89.58. According to the stock market information, the enterprise value for the company is $7593338880, which is based on a 25.12 price-to-earnings ratio, a 1.65 price-to-earnings-growth ratio, and a beta of 1.97. The fifty day moving average price for ETSY is $56.8699 and a two-hundred day moving average price translates $66.13332 for the stock.
The latest earnings results from Etsy Inc (NASDAQ: ETSY) was released for 2024-06-30. The net profit margin was 10.36% and return on equity was -1224.50% for ETSY. The company reported revenue of $647.81 million for the quarter, compared to $628.88 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 3.01 percent.
