Key PointsEtsy gapped up in early February as activist investor Elliott Investment Management revealed a 13% stake. Elliott's Marc Steinberg joined the board.Etsy announced job cuts in a bid to improve efficiency and address stagnant growth.Analysts forecast an uptrend in Etsy's stock, with a consensus price target of $91.96, an upside of 25.27%.5 stocks we like better than EtsyEtsy Inc. NASDAQ: ETSY gapped higher in early February on news that Marc Steinberg, a partner at Elliott Investment Management, had ...

Etsy (ETSY) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.Shares of this online crafts marketplace have returned -2.6% over the past month versus the Zacks S&P 500 composite's +5.6% change. The Zacks Internet - Services industry, to which Etsy belongs, has gained 6.5% over this period. Now the key question is: Where could the stock be headed in the near term?Although media rep ...

While the giant tech companies tend to steal the attention during earnings season, investors shouldn't hesitate to look at smaller businesses that might fly under the radar. Etsy (ETSY -1.16%) is one such company. It's not getting love from Wall Street because its growth has stalled in the current economy.But don't be discouraged. Although Etsy is down 75% from its peak price (as of Feb. 2), it's definitely a growth stock you want to buy right now.Etsy's challenges are hard to ignoreSelling unique, speciali ...

Growth stocks can deliver astonishing returns for long-term investors but some of these same investments can crash and burn. These equities may have looked promising a few years ago. However, growth stocks often lose their charm upon significant revenue deceleration or no path to meaningful profits. These stocks are more volatile than the rest of the stock market, so it is important to stay on top of them. Investors holding any of these growth stocks may be making their capital vulnerable to downward moment ...

Etsy (ETSY) shares soared 9.1% in the last trading session to close at $72.62. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 15.9% loss over the past four weeks.Etsy extended its rally, driven by the latest appointment of Marc Steinberg, partner at Elliott Management, to its board. Marc Steinberg becomes the largest shareholder in Etsy as Elliott Investment Management holds 13% stake in the company.This online crafts marketplac ...

Key TakeawaysThe S&P 500 added 1.3% on Thursday, Feb. 1, 2024, with strong earnings helping stocks recover after Wednesday's Fed meeting suggested an uncertain path ahead.Activity by activist investors helped shares of Etsy Inc. and Norfolk Southern Corp. post solid gains.Shares of Zions Bancorporation and other regional lenders moved lower amid renewed concerns about the health of the banking industry.Major U.S. equities indexes advanced on Thursday, changing course from declines the previous day after the ...

Key TakeawaysOnline marketplace Etsy Inc. said Thursday that it had appointed Elliott Investment Management partner Marc Steinberg to its board.The move came after Elliott became a "sizable investor" in the online marketplace. CNBC reported that the firm now holds a 13% stake in the company.Shares of Etsy rose Thursday on the news but remained squarely in negative territory over the past year.Etsy Inc. (ETSY) shares took off Thursday as the online marketplace appointed a partner from Elliott Investment Mana ...

E-commerce specialist Etsy (NASDAQ:ETSY) — which focuses on handmade or vintage items and craft supplies — saw its shares pop higher on activist investing news. Specifically, Elliott Management partner Marc Steinberg will join the company’s board of directors. In addition, the activist firm disclosed a “sizable” investment in ETSY stock, which could also benefit from bullish speculation.According to CNBC, Elliott built a roughly 13% position in ETSY stock, per a person familiar with the matter. This economi ...

Investors bought up shares of Etsy Inc. on Thursday after the online crafts marketplace added to its board of directors a partner of hedge fund Elliott Investment Management L.P., which recently acquired a “sizable” stake in the company.Etsy said Marc Steinberg, who is responsible for public- and private-equity investments at Elliott, has been appointed to the board, effective Feb. 5, and will also join the board’s audit committee.“Etsy has a highly differentiated position in the e-commerce landscape and a ...

About this content About Oliver Haill Oliver has been writing about companies and markets since the early 2000s, cutting his teeth as a financial journalist at Growth Company Investor with a focusing on AIM companies and small caps, before a few years later becoming a section editor and then head of research. He joined Proactive after a couple of years freelancing, where he worked for the Financial Times Group, ITV, Press Association, Reuters sports desk, the London Olympic News Service, Rugby World Cup ...