In yesterday’s Wall Street session, Etsy Inc (NASDAQ:ETSY) shares traded at $52.53, up 2.38% from the previous session.
ETSY stock price is now -1.93% away from the 50-day moving average and -16.96% away from the 200-day moving average. The market capitalization of the company currently stands at $6.03B.
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With the price target reduced from $70 to $45, Goldman Downgraded its rating from Neutral to Sell for Etsy Inc (NASDAQ: ETSY). On September 05, 2024, Cantor Fitzgerald recently initiated its ‘Neutral’ rating on the stock quoting a target price of $50, while ‘Piper Sandler’ rates the stock as ‘Neutral’
In other news, Nadal Toni Thompson, CHIEF HUMAN RESOURCES OFFICER sold 1,443 shares of the company’s stock on Oct 03 ’24. The stock was sold for $73,752 at an average price of $51.11. Upon completion of the transaction, the CHIEF HUMAN RESOURCES OFFICER now directly owns 592 shares in the company, valued at $31097.76. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 01 ’24, CHIEF PRODUCT OFFICER Daniel Nicholas sold 750 shares of the business’s stock. A total of $39,864 was realized by selling the stock at an average price of $53.15. This leaves the insider owning 25,121 shares of the company worth $1.32 million. A total of 0.95% of the company’s stock is owned by insiders.
During the past 12 months, Etsy Inc has had a low of $48.07 and a high of $89.58. According to the stock market information, the enterprise value for the company is $7276622336, which is based on a 24.40 price-to-earnings ratio, a 6.91 price-to-earnings-growth ratio, and a beta of 1.99. The fifty day moving average price for ETSY is $53.5905 and a two-hundred day moving average price translates $63.403576 for the stock.
The latest earnings results from Etsy Inc (NASDAQ: ETSY) was released for 2024-06-30. 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.
