Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Etsy Inc before investing.

In this article, we go over a few key elements for understanding Etsy Inc’s stock price such as:

• Etsy Inc’s current stock price and volume
• Why Etsy Inc’s stock price changed recently
• Upgrades and downgrades for ETSY from analysts
• ETSY’s stock price momentum as measured by its relative strength

About Etsy Inc (ETSY)

Before we jump into Etsy Inc’s stock price, history, target price and what caused it to recently dip, let’s take a look at some background.

Etsy, Inc. (Etsy) operates two-sided online marketplaces that connect buyers and sellers around the world. The Company’s primary marketplace, Etsy.com, is the global destination for goods made by independent sellers. In addition to its core Etsy marketplace, its brands consist of Reverb Holdings, Inc. (Reverb), its musical instrument marketplace and Depop Limited (Depop), its fashion resale marketplace. Reverb is a two-sided marketplace that connects buyers and sellers of new, used, and vintage music gear from all over the world. It offers Etsy.com sellers a marketplace with buyers along with a range of selling tools and services. The Company’s Depop is engaged in building a diverse and progressive home of fashion. The Reverb and Depop offer on-site advertising services and offer on-site advertising services. The Company’s offerings include jewelry and accessories, clothing and shoes, home and living, wedding and party, toys and entertainment, and art and collections.

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Etsy Inc’s Stock Price as of Market Close

As of June 13, 2024, 4:00 PM, CST, Etsy Inc’s stock price was $60.14.

Etsy Inc is down 4.95% from its previous closing price of $63.27.

During the last market session, Etsy Inc’s stock traded between $63.10 and $66.90. Currently, there are 118.44 million shares of Etsy Inc stock available for purchase.

Etsy Inc’s price-earnings (P/E) ratio is currently at 28.6, which is high compared to the Retailers - Department Stores industry median of 21.9. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Etsy Inc Stock Price History

Etsy Inc’s (ETSY) price is currently down 5.25% so far this month.

During the month of June, Etsy Inc’s stock price has reached a high of $66.93 and a low of $60.09.

Over the last year, Etsy Inc has hit prices as high as $102.81 and as low as $56.60. Year to date, Etsy Inc’s stock is down 49.79%.

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What Caused Etsy Inc Stock’s Price to Dip?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of June 12, 2024, there were 14 analysts who downgraded Etsy Inc’s stock and 2 analysts who upgraded over the last month.

Additionally, you'll want to evaluate Etsy Inc’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Etsy Inc’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Etsy Inc’s current valuation based on AAII’s Value Grade is a C, which means it is considered to be Average.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Etsy Inc (ETSY) by visiting AAII Stock Evaluator.

Relative Price Strength of Etsy Inc

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of June 12, 2024, Etsy Inc has a weighted four-quarter relative price strength of -10.90%, which translates to a Momentum Score of 31 and is considered to be Weak.

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Etsy Inc Stock Price: Bottom Line

As of June 13, 2024, Etsy Inc’s stock price is $60.14, which is down 4.95% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Etsy Inc stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

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