Etsy, Inc. (NASDAQ:ETSY) stock has recently experienced a series of market volatile swings, impacted significantly by its Q1 results and broader market factors. Various agents have decided to reduce their stakes in the company, including
Toni Thompson Nadal, who sold 1444 shares, and
Granahan Investment Management LLC who divested 358,643 shares.
Polen Capital Management LLC and
Cibc World Markets Corp chose to increase their holdings in Etsy.
Par Capital Management Inc. and
Advisory Services Network LLC, however, decreased their stakes. Adding to the setbacks, Etsy reported disappointing figures for Q1 earnings,
slowing sales, and a challenge in consumer spending. Etsy shares took significant hits in September and this week, and the retailer warned of a challenging environment in consumer spending. Despite the negative outlook, one Wall Street analyst speculates the stock could reach $60, and another suggests $55. However, some growth potential is evidenced by the company's addition of an Elliott Executive to its board, indicating a chance for the stock to turn around in 2024.
Etsy Stocks News Analytics from Mon, 09 Oct 2023 07:00:00 GMT to Sat, 15 Jun 2024 09:15:12 GMT -
Rating -8
- Innovation -5
- Information 3
- Rumor -5
