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Not an Etsy-Bitsy online marketplace (ETSY)


Etsy Inc (ETSY)

E-commerce has gone from a casual past time to big-time business, as online operations have been thrust forward by the COVID-19 pandemic with some epic results.

The future of e-commerce shines bright, and Etsy Inc (ETSY) seems to be at the forefront of the “Boom” which is taking business away from the traditional brick and mortar establishments.

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The online marketplace blew analyst expectations out of the water with its second-quarter earnings released in August, which saw Revenue increase by 137% year-over-year. Revenue was driven by strong growth in both the marketplace and services revenue.

Etsy's earnings per share also beat expectations by $0.36 per share. The company was well-positioned to capitalize on the shift to online shopping during the COVID-19 pandemic.

Etsy Earnings Graphic

Etsy Inc (ETSY) share overview:

  • Sector: Consumer Discretionary.
  • Market Cap of $17.35 billion.
  • Dividend Yield: N/A
  • Price/Earnings (LTM): 113.7x
  • Price/Book: 33.1x
  • Next Earnings: 28th of October 2020.
  • 52 Week Range low of $31.69 and $153.20 per share high.

Outlook – Etsy is growing, the company shifted to cloud in Q1, which saw them capitalize on the e-commerce boom driven by the pandemic. In Q2, they introduced new features to benefit buyers and sellers on the platform with Q3 already setting up for good results.

With Etsy's inclusion into the S&P 500 and e-commerce taking the world by storm due to the raging coronavirus pandemic, this online marketplace is undoubtedly set to topple expectations.

Chart Life

Etsy Inc (ETSY) has been in a steady uptrend which saw the share price gain over 383% from the COVID-19 pandemic lows in March. The price action has broken out of a base formation which could be revisited before another leg higher. This throwback to the base level at $137.67 could give new investors a better entry opportunity.

The 50-day simple moving average of the price (blue line) is below the current price action and is acting as support for higher prices currently.

Short interest on outstanding shares on Etsy Inc (ETSY) is 7.1%, while the median analyst expectations are $153.12 per share (red line).


Portfolio particulars

  • Portfolio Hold (Current)*
  • Portfolio Buy opportunity: above $137.00 per share**
  • WhatsTheBeef long term target price: $175.00 per share.

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Informed decisions

Etsy Inc has shown good value for money over the pandemic and compares favorably with other e-commerce stocks like Shopify. The inclusion into the S&P 500, which will undoubtedly see capital flow into the online marketplace. Etsy is also converting mask buying clients into regular customers which should count towards the bottom line seeing as the pandemic is far from over.

New to investing

and want to know more about e-commerce stocks?

Read: The E-commerce’s Boom? (EBAY) and The new “retail” normal is on fire!

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Sources – EasyResearch, Etsy Inc, Koyfin, SeekingAlpha, Wikipedia.

Take note: stock data was taken on 14/10/2020 during the U.S market open. 

*Portfolio Hold (Current) refers to investors who already hold the stock within their portfolio before the U.S. market open.

**Portfolio Buy opportunity refers to Technical level crossed which might imply that the markets behavior would support the outlook and Close above refers to a share price close above a Technical Resistance level.

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Barry is a market analyst with GT247, with a wealth of experience in the investment markets. Now in his tenth year in the markets, Barry "The Beef" Dumas brings a combination of technical analysis and fundamental insights to the table

Any opinions, news, research, reports, analyses, prices, or other information contained within this research is provided by Barry Dumas, Market Analyst at GT247 (Pty) Ltd t/a (“”) as general market commentary, and does not constitute investment advice for the purposes of the Financial Advisory and Intermediary Services Act, 2002. First World Trader (Pty) Ltd t/a EasyEquities (“EasyEquities”) and do not warrant the correctness, accuracy, timeliness, reliability or completeness of any information received from third party data providers. You must rely solely upon your own judgment in all aspects of your investment and/or trading decisions and all investments and/or trades are made at your own risk. EasyEquities and (including any of their employees) will not accept any liability for any direct or indirect loss or damage, including without limitation, any loss of profit, which may arise directly or indirectly from use of or reliance on the market commentary. The content contained within is subject to change at any time without notice.The value of a financial product can go down, as well as up, due to changes in the value of the underlying investments. An investor may not recoup the full amount invested. Past performance is not necessarily an indication of future performance. These products are not guaranteed. Examples and/or graphs are for illustrative purposes only.