Goldman Sachs downgraded Etsy Inc (NASDAQ:ETSY) to "sell" from "neutral" this morning, and lowered its price target to $45 from $70. The analyst expects the e-commerce stock, which is down 39.3% in 2024, to continue to lose market share, amid increased competition. ETSY appears to be brushing off the bear note, up 1.9% at $50.52 at last glance. The shares yesterday hit a more than four-year low of $48.06, and are below all moving averages between the 20- and 320-day trendlines. Over in the options pits, ETS ...

Shares in this e-commerce company have languished since the pandemic's height. Will it ever recover to previous highs? The COVID-19 pandemic shut the world down, and lockdowns and movement restrictions boosted demand for stay-at-home activities. Online craft marketplace Etsy (ETSY -0.16%) was a natural beneficiary of this trend. Its stock price soared, with investors seeming to believe that the boom times would never end. Now, the company's price tag has dropped substantially -- potentially putting it on th ...

Etsy stock has slipped 36% this year. The S&P 500 recently completed its latest quarterly rebalancing, a move to ensure the benchmark serves its purpose -- showcasing the performance of the top 500 companies driving today's economy. This generally involves the removal of certain members and the addition of new ones. In the latest reshuffle, the S&P 500 dropped an e-commerce stock that skyrocketed during early pandemic days. I'm talking about Etsy (ETSY -0.14%), an online marketplace connecting the makers of ...

Buoyed by its unique goods, strong cash generation, and hefty share repurchases, Etsy looks to prove history right again. Usually, a company's deletion from the S&P 500 index makes it feel like a stock to avoid. However, a study from Research Affiliates analyzed stocks deleted from the S&P 500, Nasdaq-100, and Russell 2000 indexes and showed that the exact opposite may be the case. Running a backtest from 1991 to 2018, Research Affiliates found that stocks removed from the major indexes went on to outperfor ...

The market isn't enthused about Etsy right now. Investors have moved on from former growth stock Etsy (ETSY 2.49%). The niche e-commerce platform hasn't been able to keep up its pandemic-era growth, and although it's become more mainstream, it's struggling to grow. It was included in the S&P 500 index for the first time in 2020, smack in the middle of its highest growth period, but it was recently removed along with American Airlines and Bio-Rad Laboratories. Looking for an excellent alternative to Etsy? Co ...

This fallen angel is gaining the attention of contrarian investors. It has been a challenging time for investors in Etsy (ETSY -0.73%). The stock hit a multi-year low when the general market reached multiple all-time highs. Weak business performance and its recent removal from the S&P 500 index are critical drivers for its poor stock performance. Still, contrarian investors have started to pay attention to the stock as they look for opportunities to buy it cheaply. But is now a good time to load up on Etsy' ...

There's remarkable reason to believe this stock is set up for strong performance in coming years. In September 2020, e-commerce company Etsy (ETSY 7.56%) was included in the S&P 500 -- an index of about 500 of the biggest, most profitable U.S. companies. Indeed, 2020 was a bumper year for the company, with revenue more than doubling from 2019. The booming business earned about $350 million in net income from the year, which is likely why it was deemed a good candidate for the S&P 500. According to a recent ...

Sladic/E+ via Getty Images Risk-Reward Favorable How you view Etsy, Inc. (NASDAQ:ETSY) depends on your perspective. It's easy to look at the recent past and see lackluster growth since the 2021 pandemic burst. Furthermore, the firm made a terrible acquisition of Depop at the peak of the resale/online spending craze. Etsy stock has fallen so much, it was recently removed from the S&P 500. However, I think the lack of business momentum is more than priced into the stock. The cheap valuation and heightened sto ...

Core Insights - Etsy is pursuing significant growth opportunities through initiatives like free shipping and a new subscription service called Etsy Insider [1][3] - The company aims to differentiate itself from competitors such as Amazon by enhancing customer experience and loyalty [1][2] Group 1: New Initiatives - Etsy Insider is a paid subscription service that offers free shipping to its members [1] - The introduction of Etsy Gift Mode allows shoppers to send messages to gift recipients before delivery [2][4] - The company plans to increase mobile app usage from 40% to 75% among shoppers [2] Group 2: Customer Engagement and Loyalty - A new loyalty program is designed to encourage higher spending and more frequent purchases among consumers [2] - The beta program will include benefits such as free U.S. domestic shipping on millions of items and discounts [3] - Etsy is enhancing its search and discovery tools to improve the visibility of high-quality listings, thereby building trust with shoppers [3][4]

Etsy, Inc. (NASDAQ:ETSY) Goldman Sachs Communacopia + Technology Conference September 10, 2024 11:50 AM ET Company Participants Rachel Glaser - CFO Josh Silverman - CEO Conference Call Participants Eric Sheridan - Goldman Sachs Eric Sheridan Okay. I know everyone is shuffling around, and we're moving around quickly between these sessions. So we're going to get started in the interest of time, even though it looks like plenty of people are still finding their seats. It's great to have Etsy here at the confer ...