Etsy stock

etsy stock

Is Etsy Inc (Etsy) a good stock to buy?

Enphase Energy Inc (NASDAQ: ENPH) is the most popular stock in this table. On the other hand China Telecom Corporation Limited (NYSE: CHA) is the least popular one with only 5 bullish hedge fund positions. Compared to these stocks Etsy Inc (NASDAQ:ETSY) is more popular among hedge funds.

Is Etsys stock still down 30% in 2022?

Etsy s (NASDAQ: ETSY) stock price surged after the e-commerce platform delivered strong fourth-quarter results. Yet despite those gains, its shares are still down more than 30% so far in 2022. Is the rebound off its recent lows a sign that more gains are ahead for Etsys investors?

Were hedge funds right about piling into Etsy (Etsy)?

Hedge funds were also right about betting on ETSY as the stock returned 21.1% since the end of December (through 3/19) and outperformed the market by an even larger margin. Hedge funds were clearly right about piling into this stock relative to other stocks with similar market capitalizations.

Is Etsy a buy during a market sell-off?

Nonetheless, a market sell-off has also affected Etsy like other internet and direct-marketing retail stocks. The question for investors is whether Etsy has fallen due to inherent shortcomings or because it presents a unique buying opportunity.

Is Etsy the best growth stock to buy?

The IBD Stock Checkup Tool shows that Etsy has an IBD Composite Rating of 50 out of a best-possible 99. When choosing growth stocks for the biggest potential gains based on the CAN SLIM investment paradigm, focus on those with a Composite Rating of 90 or higher. The best stocks will often rate 98 or 99 at the time they launch a big price run.

Is Etsy a buy or sell signal?

The Etsy stock holds buy signals from both short and long-term moving averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average.

Is Etsy stock headed to $230?

However, a week after Andreevas report published, Stifel analyst Scott Devitt lowered this price target on Etsy to $230 from $265. But he kept a buy rating on the stock ahead of the companys fourth-quarter report due in February.

Is Etsy stock more expensive than eBay?

In terms of forward P/E, ETSY is currently trading at 83.81x, much more expensive than EBAY, which is currently trading at 16.4x. Moreover, in terms of trailing-12-month Price/Sales as well, ETSY’s 15.41x is 389.2% higher than EBAY’s 3.15x.

Is Etsy a good stock to buy according to hedge funds?

Etsy Inc (NASDAQ: ETSY) shares havent seen a lot of action during the second quarter. Overall, hedge fund sentiment was unchanged. The stock was in 47 hedge funds portfolios at the end of the third quarter of 2021. Our calculations also showed that ETSY isnt among the 30 most popular stocks among hedge funds (click for Q3 rankings).

Who holds the most stake in Etsy Inc (Etsy)?

Among these funds, Citadel Investment Group held the most valuable stake in Etsy Inc (NASDAQ:ETSY), which was worth $285.9 million at the end of the third quarter. On the second spot was Two Sigma Advisors which amassed $225.1 million worth of shares.

Is it profitable to follow hedge funds?

We know that hedge funds generate strong, risk-adjusted returns over the long run, which is why imitating the picks that they are collectively bullish on can be a profitable strategy for retail investors.

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