EtsyETSY
Market Cap: $6.22B
About: Etsy operates a top-10 e-commerce marketplace operator in the us and the UK, with sizable operations in Germany, France, Australia, and Canada. The firm dominates an interesting niche, connecting buyers and sellers through its online market to exchange vintage and craft goods. With $13.2 billion in 2023 consolidated gross merchandise volume, Etsy has cemented itself as one of the largest players in a quickly growing space, generating revenue from listing fees, commissions on sold items, advertising services, payment processing, and shipping labels. As of the end of 2023, the firm connected more than 96 million buyers and 9 million sellers on its marketplace properties: Etsy, Reverb (musical equipment), and Depop (clothing resale).
Employees: 2,420
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
45% more call options, than puts
Call options by funds: $697M | Put options by funds: $481M
33% more funds holding in top 10
Funds holding in top 10: 3 [Q1] → 4 (+1) [Q2]
0.81% less ownership
Funds ownership: 101.38% [Q1] → 100.57% (-0.81%) [Q2]
7% less funds holding
Funds holding: 606 [Q1] → 564 (-42) [Q2]
16% less capital invested
Capital invested by funds: $8.24B [Q1] → $6.94B (-$1.3B) [Q2]
25% less repeat investments, than reductions
Existing positions increased: 169 | Existing positions reduced: 224
38% less first-time investments, than exits
New positions opened: 68 | Existing positions closed: 110
Research analyst outlook
9 Wall Street Analysts provided 1 year price targets over the past 3 months
9 analyst ratings
Cantor Fitzgerald Deepak Mathivanan 53% 1-year accuracy 9 / 17 met price target | 6%downside $50 | Neutral Initiated | 5 Sept 2024 |
Piper Sandler Anna Andreeva 43% 1-year accuracy 20 / 46 met price target | 5%upside $56 | Neutral Assumed | 23 Aug 2024 |
Loop Capital Laura Champine 52% 1-year accuracy 11 / 21 met price target | 15%downside $45 | Sell Maintained | 12 Aug 2024 |
Stifel Mark Kelley 74% 1-year accuracy 17 / 23 met price target | 20%upside $64 | Hold Maintained | 1 Aug 2024 |
Truist Securities Youssef Squali 56% 1-year accuracy 44 / 79 met price target | 43%upside $76 | Buy Maintained | 1 Aug 2024 |
Financial journalist opinion
Based on 11 articles about ETSY published over the past 30 days