Noteworthy updates have surfaced in the finance sector, particularly surrounding Etsy, Inc. (NASDAQ:ETSY). The e-commerce platform experienced a plunge in stock prices, reaching a multi-year low and even touching a 52-week low twice. Three key purchases were made by Dimensional Fund Advisors LP, Marshall Wace LLP, and AQR Capital Management LLC, while significant stock was sold by DekaBank Deutsche Girozentrale and Prudential PLC. From another perspective, Etsy has been removed from S&P 500. Quite importantly, some analysts predict a possible 2x comeback for the brand.
Forecasts for FY2027 estimate earnings at $5.16 per share. However, recent news reveals that Etsy missed the Q1 earnings, citing macro headwinds. Simultaneously, the company underwent a workforce cutback, which was regarded unfavorably by investors. Furthermore, increased short options trading was noted while one Wall Street analyst anticipates Etsy's stock will move to $60. Lastly, Etsy's CEO stated that the election and weakening consumer market are posing notable distractions. All these considerations contribute to a challenging environment surrounding Etsy stocks.
Etsy Stocks News Analytics from Fri, 08 Dec 2023 08:00:00 GMT to Sun, 29 Sep 2024 14:43:00 GMT - Rating -4 - Innovation -2 - Information -1 - Rumor -5