The bio-tech sector is witnessing active transactions in the Etsy, Inc. (NASDAQ:ETSY) stock. Investment companies such as CANADA LIFE ASSURANCE Co, Capital International Inc. , Vanguard Group Inc., and Mitsubishi UFJ Trust & Banking Corp have increased their holdings, while others like Acadian Asset Management LLC, Clearbridge Investments LLC, and Capital International Ltd. have trimmed their positions. Over a period, Etsy’s stock has faced a significant plunge of about 12% due to a decline in gross merchandise sales. Price adjustments have been proposed by different brokerages, with suggested price targets ranging between $55 to $77, depending upon different market variables. In addition, recent reports indicate Etsy’s Q4 performance that shows a mixed response amidst increased competition from giants like Amazon, Walmart, and Temu. However, Etsy's earnings performance report exhibited solid numbers, supplemented with effective anti-fraud fees. A few headlines suggest strong growth in long-term prospect and a possible bounce back after falling about 60% in a span of two years.
Etsy Stocks News Analytics from Mon, 09 Oct 2023 07:00:00 GMT to Mon, 29 Jul 2024 01:24:00 GMT - Rating -5 - Innovation 0 - Information 7 - Rumor -6