The stock of Etsy Inc (NASDAQ:ETSY) last traded at $51.04, down -4.47% from the previous session.
ETSY stock price is now -2.22% away from the 50-day moving average and -16.41% away from the 200-day moving average. The market capitalization of the company currently stands at $5.74B.
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On October 15, 2024, Goldman Downgraded its previous ‘Neutral’ rating to ‘Sell’ on the stock reducing its target price from $70 to quote $45, while ‘Cantor Fitzgerald’ rates the stock as ‘Neutral’
In other news, Daniel Nicholas, CHIEF PRODUCT OFFICER sold 750 shares of the company’s stock on Nov 01 ’24. The stock was sold for $39,371 at an average price of $52.50. Upon completion of the transaction, the CHIEF PRODUCT OFFICER now directly owns 24,371 shares in the company, valued at $1.24 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 01 ’24, Officer Daniel Nicholas bought 750 shares of the business’s stock. A total of $38,235 was incurred on buying the stock at an average price of $50.98. 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 $47.10 and a high of $89.58. According to the stock market information, the enterprise value for the company is $7084796416, which is based on a 26.05 price-to-earnings ratio, a 8.68 price-to-earnings-growth ratio, and a beta of 1.99. The fifty day moving average price for ETSY is $52.289 and a two-hundred day moving average price translates $61.136677 for the stock.
The latest earnings results from Etsy Inc (NASDAQ: ETSY) was released for 2024-09-30. The company reported revenue of $662.41 million for the quarter, compared to $636.3 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 4.1 percent.
