The Janus Henderson Group holds Etsy stocks worth $26.78 Million. Strategists predict that with Etsy's current promising market position, it could be the best buy in 2025. Daniel Nicholas, Etsy's chief product officer sold $81,900 in stock. Moreover, Etsy's stock price rose by 3.81% on December 4. Etsy's leadership has undergone significant changes with the Depop CEO assuming a role centered on growth. Despite recent struggles, Etsy is perceived as a devalued stock with significant hidden potential. Etsy's management plans to invest $1 billion in buybacks, demonstrating confidence in its value. Kumar Rachana, CTO of Etsy, recently sold $60,000 in stock.
A new CFO has been appointed to enhance Etsy's financial performance. According to some predictions, Point72 Hong Kong Ltd acquired 33,777 Etsy shares and it's expected that Etsy stocks will rise again in three years. Despite this Etsy's withdrawal from the S&P 500, the firm's Q3 sales surpassed expectations, causing a 12.7% stock leap. However, Etsy's stock also reached a 52-week low of $48.03 amidst market changes. Etsy announced an aggressive $1 billion buyback program following a strong Q3 revenue beat. The stock performance of Etsy, however, has been growing inconsistent compared to that of other predominant online marketplace shares.
Etsy Stocks News Analytics from Thu, 02 May 2024 07:00:00 GMT to Sat, 07 Dec 2024 21:08:33 GMT - Rating 7 - Innovation 5 - Information 8 - Rumor -3