Etsy has been making ripples in the investment world with various establishments investing heavily.
Mizuho Markets Americas LLC sank $20.55 million in the company while
Principal Financial Group Inc. secured 411,165 shares. The stocks have faced turbulence recently, touching a 52-week low repeatedly amid market shifts. Despite setbacks, Etsy's performance has solicited interest. Etsy saw its stock trading up recently due to robust quarterly results and approval of a $1 billion share repurchase. They announced a revenue beat for Q3 and this saw their shares rise by 11%. Investors are also intrigued by the potential it hides, despite being beaten down in the market. The company's management has initiated huge investments, advocating for the company's strength. Investment companies such as
ICICI Prudential and
Geneva Capital Management have sizable holdings in Etsy. Revisions from
Goldman Sachs also saw the company's stock target raised but a Sell rating maintained. Moving forward, despite challenging times, Etsy is viewed as a potential growth stock ready for a 2025 rebound.
Etsy Stocks News Analytics from Thu, 18 Apr 2024 07:00:00 GMT to Sat, 16 Nov 2024 14:17:46 GMT -
