Etsy, the leading e-commerce platform's stock has been facing significant fluctuations. The stock price dropped 6.5% following insider selling and touched a 52-week low of $47.03 because of market challenges. A number of investment management firms including LGT and DJE Kapital have invested in Etsy's stocks, buying thousands of shares. Despite the Q4 shortfall, some analysts believe that Etsy's long-term strategy could pay off. This contrasts with the pessimistic forecast issued by Citigroup and Cantor Fitzgerald for the company's stock price. To add, Etsy reportedly missed Wall Street’s revenue estimate as marketplace sales dipped. CEO of Etsy, Josh Silverman has sold a significant number of shares. The company's stock is currently preparing for the next bear market run. Despite challenges, there are believers in the company with some suggesting that Etsy is possibly an undervalued growth stock.
Etsy Stocks News Analytics from Mon, 14 Oct 2024 07:00:00 GMT to Sat, 08 Mar 2025 10:29:45 GMT -
Rating -7
- Innovation 2
- Information 8
- Rumor -6
