Last Updated: 16 Sep 2024
Executive Summary
Etsy Inc. (ETSY) is an e-commerce company specializing in handmade or vintage items and craft supplies. With a market capitalization of $6.39 billion, ETSY has demonstrated strong financial performance. Its latest stock price of $55.65 indicates a healthy valuation. However, analysts remain cautious, with a consensus rating of "Hold."
Company Overview
Etsy was founded in 2005 and has become a global platform for unique and creative products. It offers a wide range of categories, including jewelry, clothing, home decor, and craft supplies. ETSY's mission is to "keep commerce human" by connecting makers and buyers.
Fundamental Analysis
Revenue: ETSY's revenue has grown steadily, reaching $2.77 billion in the trailing twelve months (TTM).
Earnings: The company reported diluted EPS of $2.15 in the TTM, indicating profitability.
Profitability: ETSY's profit margin is 10.4%, while its operating margin is 10.8%.
Valuation: The stock is trading at a trailing PE ratio of 25.88, which is above the industry average.
Technical Analysis
Trend: ETSY's stock price has been in a downtrend since its 52-week high of $89.58.
Support and Resistance: The stock has found support at around $55 and resistance at $60.
Moving Averages: The 50-day moving average is below the 200-day moving average, indicating a bearish trend.
Short Term Outlook
In the short term, ETSY's stock price is likely to remain range-bound between $55 and $60. The company's financial performance remains strong, but the overall market sentiment is cautious.
Long Term Outlook
Over the long term, ETSY has the potential for growth. The company's unique platform and loyal customer base provide a solid foundation for future success. However, competition from larger e-commerce companies remains a risk.
Analyst Recommendations
Analysts have a consensus rating of "Hold" for ETSY. The average analyst target price is $67.4, indicating a potential upside of 21.3%. However, analysts are divided, with some recommending "Buy" and others recommending "Sell."
