Ensign Peak Advisors Inc and
Focus Partners Wealth hold a significant investment in Etsy, Inc. (NASDAQ:ETSY), with $4.46 million and $7.67 million holdings respectively. Simultaneously,
Gotham Asset Management LLC,
Northern Trust Corp, and
Kettle Hill Capital Management LLC also invested in Etsy stocks. However,
Clearline Capital LP,
Invenomic Capital Management LP, and
Mariner LLC lowered their holdings. Concerns arise as Etsy's shares sink after it topped revenue estimates but swung to a loss, looking ahead to a challenging Q2 view. It has been reported that the company is 'staying nimble' due to tariff uncertainty, contributing to stock value fluctuations. Despite
Etsy’s Q1 Sales exceeding expectations resulting in soaring stocks, Etsy misses Q1 earnings estimates, further provoking investor apprehension. The company faced a significant decline of 28% within a year, raising questions among investors whether to hold or fold the stock. This is followed by a stock selloff by Etsy's CTO and CEO, Josh Silverman. Analysts have pointed out that although Etsy has had a shortfall and bearish period, its long-term strategies could pay off.
Etsy Stocks News Analytics from Thu, 26 Sep 2024 07:00:00 GMT to Sat, 17 May 2025 14:19:40 GMT -
Rating -5
- Innovation 0
- Rumor 0
