Price Action Alert: Today Etsy Inc Stock Crashes

Price Action Alert: Today Etsy Inc Stock Crashes

The stock of Etsy Inc (NASDAQ:ETSY) is a huge mover today! The stock decreased 2.12% or $0.25 on November 8, hitting $11.52. About 1.44M shares traded hands. Etsy Inc (NASDAQ:ETSY) has risen 38.80% since April 6, 2016 and is uptrending. It has outperformed by 36.84% the S&P500.
The move comes after 5 months negative chart setup for the $1.37 billion company. It was reported on Nov, 8 by Barchart.com. We have $10.83 PT which if reached, will make NASDAQ:ETSY worth $82.20 million less.

Etsy Inc (NASDAQ:ETSY) Ratings Coverage

Out of 9 analysts covering Etsy (NASDAQ:ETSY), 5 rate it a “Buy”, 1 “Sell”, while 3 “Hold”. This means 56% are positive. Etsy has been the topic of 19 analyst reports since August 4, 2015 according to StockzIntelligence Inc. The company was upgraded on Wednesday, August 19 by Vetr. The firm earned “Sell” rating on Monday, October 12 by Monness Crespi & Hardt. The stock of Etsy Inc (NASDAQ:ETSY) has “Buy” rating given on Wednesday, September 21 by Monness Crespi. As per Tuesday, December 22, the company rating was initiated by Roth Capital. The stock of Etsy Inc (NASDAQ:ETSY) earned “Buy” rating by Maxim Group on Thursday, May 26. Maxim Group maintained it with “Buy” rating and $17 target price in Monday, September 26 report. Monness Crespi & Hardt upgraded the shares of ETSY in a report on Wednesday, November 11 to “Neutral” rating. The firm has “Hold” rating by Morgan Stanley given on Tuesday, August 4. As per Saturday, August 29, the company rating was maintained by Brean Capital. Monness Crespi & Hardt maintained Etsy Inc (NASDAQ:ETSY) rating on Wednesday, November 4. Monness Crespi & Hardt has “Sell” rating and $9 price target.

According to Zacks Investment Research, “Etsy, Inc. offers e-commerce services. It provides online and offline marketplaces to buy and sell goods. The company’s product include art, home and living, mobile accessories, jewelry, wedding, and others. It operates primarily in Berlin, Germany, Dublin, Ireland, Hudson, New York, London, United Kingdom, Melbourne, Australia, Paris, France, San Francisco, California and Toronto, Canada. Etsy, Inc. is headquartered in Brooklyn, New York.”

More important recent Etsy Inc (NASDAQ:ETSY) news were published by: Investorplace.com which released: “Why Etsy Inc (ETSY) Stock Is Plunging Today” on November 02, 2016, also Fool.com published article titled: “Despite Rising Competition, Etsy Inc Is Here to Stay”, Profitconfidential.com published: “Etsy Inc: Why ETSY Stock Is Heading Vertical” on October 12, 2016. More interesting news about Etsy Inc (NASDAQ:ETSY) was released by: Prnewswire.com and their article: “Etsy, Inc. Reports 33% Revenue Growth in the Third Quarter 2016 and Raises …” with publication date: November 01, 2016.

ETSY Company Profile

Etsy, Inc. (Etsy), incorporated on February 14, 2006, operates a marketplace to connect people around the both online and offline for making, selling and buying goods. The Company’s geographical divisions include United States and International. The Company’s community includes Etsy sellers, Etsy buyers, wholesale partners, manufacturers and Etsy employees. The Company’s platform includes marketplace, Seller Services, technology and community, both online and offline. The Firm offers a range of services to help Etsy sellers build their personal brands, engage clients and complete transactions. The Firm has over three seller services: Promoted Listings, Direct Checkout and Shipping Labels. The Company’s Promoted Listings offering enables an Etsy seller to pay a cost-per-click fee to feature and promote her goods in search results generated by Etsy buyers on its platform. This service allows an Etsy seller to target Etsy buyers searching for goods similar to those she offers for sale.

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