Activist investors are coming for Etsy.Elliott Management, the investment management firm known for its aggressive governance tactics, has built a roughly 13% position in Etsy’s stock, CNBC reports — a mix of shares and options. It makes Elliott Etsy’s largest investor after Vanguard, which has an 11% share, and the asset management giant BlackRock (5%).And — as of today — Elliott has representation on Etsy’s board of directors. The company announced this morning that Marc Steinberg, an Elliot partner, will ...

Shares of handmade goods e-commerce platform Etsy (ETSY 9.26%) popped on Thursday after the company announced that Marc Steinberg is joining the board of directors on Feb. 5. Steinberg is a partner with activist investor fund Elliott Investment Management and serves on multiple boards of directors, including the board for publicly traded company Pinterest. As of 10 a.m. ET, Etsy stock was up about 10%.Elliott's involvement with EtsyActivist investors often force their way onto a company's board by buying a ...

In this articleEtsy Sellers Market in Times Square celebrating Etsy's celebration going IPO at Nasdaq on April 16, 2015 in New York City.Activist investor Elliott Management has a "sizable" investment in e-commerce firm Etsy, which announced on Thursday that Elliott partner Marc Steinberg would join the company's board.The activist investor has built a roughly 13% position in the stock, a person familiar with the matter told CNBC.Etsy shares shot up more than 10% on the news. Elliott and Etsy have been meet ...

Etsy Inc (NASDAQ: ETSY) just named Marc Steinberg – partner at Elliott Investment Management – to its board. Shares of the eCommerce giant are up 11% at writing.Who is Marc Steinberg?Copy link to sectionSteinberg is responsible for equity investments across several industries, including tech, media, and telecom at the investment management firm. He serves as a director at Pinterest as well.  Josh Silverman – the chief executive of Etsy said in a press release today:We’ve gotten to know Marc and appreciate h ...

The most recent trading session ended with Etsy (ETSY) standing at $70.82, reflecting a +1.86% shift from the previouse trading day's closing. The stock's change was more than the S&P 500's daily gain of 0.76%. Elsewhere, the Dow saw an upswing of 0.59%, while the tech-heavy Nasdaq appreciated by 1.12%.The online crafts marketplace's shares have seen a decrease of 14.21% over the last month, not keeping up with the Computer and Technology sector's gain of 4.99% and the S&P 500's gain of 2.5%.The upcoming ea ...

Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering Etsy (ETSY) , which belongs to the Zacks Internet - Services industry.When looking at the last two reports, this online crafts marketplace has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 66.53%, on average, in the last two quarters.For the last reported quarter, Etsy came out with earnings of $0.64 per share ...

Etsy (ETSY) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Over the past month, shares of this online crafts marketplace have returned -15.1%, compared to the Zacks S&P 500 composite's +3.1% change. During this period, the Zacks Internet - Services industry, which Etsy falls in, has gained 6.9%. The key question now is: What could be the stock's future direction?Although media reports ...

The S&P 500 advanced 24% in 2023, its third-best annual performance of the past decade. Those gains were largely confined to the technology, communications services, and consumer discretionary sectors. The Magnificent Seven stocks factored heavily into that outcome, as did excitement about artificial intelligence.Meanwhile, the other eight market sectors underperformed the S&P 500. The utilities, energy, and consumer staples sectors actually declined as investors rotated away from defensive industries, and ...

In collaboration with Donner, Jack White of Third Man Hardware, developed the three sounds of The Triple Threat.ANAHEIM, Calif., Jan. 25, 2024 /PRNewswire/ -- Third Man Hardware has partnered with Donner to create the Triple Threat, a 3-in-1 analog multi-effects pedal.The Triple Threat is an analog multi-effects pedal designed by Third Man Hardware and manufactured by Donner. White Stripes lead man and the founder of Third Man Hardware Jack White took interest in Donner's Alpha series pedals released in 201 ...

Etsy (ETSY -2.71%) has taken investors on a wild ride over the past few years. The online marketplace specialist's shares soared through most of the pandemic but fell hard during the subsequent pullback in e-commerce and consumer discretionary spending. If you bought Etsy stock a year ago, you'd be looking at losses of nearly 50% right now.Yet its industry should eventually rebound. And in the meantime, Etsy is making aggressive moves aimed at reducing costs and accelerating growth. Let's see how these fact ...