What's the Media Buzz Surrounding Etsy (ETSY)?

By Naomi Wentworth • Thursday, March 09 16:15 • Permanent Link

ETSY investors were likely spooked this aftermarket by Barrons's report: "Etsy Stock Gets a Double-Downgrade. Analyst Says Valuation Looks Unsustainable. ..." For more coverage, read the full article here. On the back of this news, Etsy sank -5.28% to a price of $107.2. Are the markets overreacting?

Etsy, Inc. is an American e-commerce company focused on handmade or vintage items and craft supplies. The company belongs to the Consumer Discretionary sector, which has an average price to earnings (P/E) ratio of 22.33 and an average price to book (P/B) ratio of 3.12. In contrast, Etsy has a trailing 12 month P/E ratio of -19.49 and a P/B ratio of 21.42.

Etsy has moved -21.79% over the last year compared to -6.28% for the S&P 500 -- a difference of -15.51%. Etsy has a 52 week high of $151.5 and a 52 week low of $67.01. At today's price of $107.2 per share, Etsy is -23.05% away from its target price of $139.31, and on average, analysts give the stock a rating of buy. 12% of the company's shares are linked to short positions, and 101% of the shares are owned by institutional investors.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.