Etsy Inc. ($ETSY) Stock Forecast: Down 5.0% Today

What is Etsy Inc.?

Etsy Inc. (NASDAQ: ETSY) is an e-commerce platform focused on handmade and vintage items. The stock had a bearish movement today amidst a challenging market environment.

Why is Etsy Inc. going down?

ETSY stock is down 5.0% on Oct 17, 2024 15:06

• Etsy's stock has declined approximately 38% year to date, primarily attributed to increased competition within the e-commerce sector.
• Concerns raised by analysts at Goldman Sachs revolve around Etsy's future performance, driven by uncertainties surrounding gross merchandise sales and the risk of further market share erosion.
• The somber sentiment towards Etsy's stock underscores the hurdles the company encounters in sustaining its competitive position within a crowded market, contributing to the downward trend witnessed today.

ETSY Price Chart

ETSY Technical Analysis

ETSY News

Why Etsy Analyst Expects Stock To Continue Its Steep Downtrend - Etsy ( NASDAQ:ETSY )

Shares of Etsy Inc ETSY have lost around 38% year to date, with the company facing intensifying competition. According to Goldman Sachs, the current Street estimates for Etsy are at risk, given the low visibility into gross merchandise sales, the potential for persistent share losses, and the ...

https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41337851/why-etsy-analyst-expects-stock-to-continue-its-steep-downtrend

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Etsy Inc. Price History

01.09.2024 - ETSY Stock was down 5.7%

• High-rolling investors are appearing bullish on Etsy despite the bearish movement today.
• Unusual options activity suggests divergent investor opinions, potentially causing volatility and influencing the bearish trend.
• Retail traders are advised to exercise caution and closely watch the situation due to varying signals from different investor groups that could result in unpredictable price fluctuations in the near future.

21.05.2024 - ETSY Stock was up 5.5%

• Despite bearish options activity, Etsy's stock demonstrated strong bullish movement.
• Market sentiment towards growth stocks appears positive, with investors seeking expansion opportunities.
• Recent decline in inflation and positive macroeconomic data likely influenced the bullish movement in Etsy's stock.
• While some investors held a bearish stance, overall market dynamics and potential e-commerce sector growth drove Etsy's strong performance.

13.08.2024 - ETSY Stock was up 8.1%

• The bullish movement in Etsy's stock price could be attributed to the positive sentiment from investors with significant capital, as indicated by the bullish stance taken on Etsy's options.
• The upcoming replacement of Etsy in the S&P 500 index by Dell Technologies might have also influenced the market movement, with investors adjusting their positions accordingly.
• The news of Palantir Technologies' inclusion in the S&P 500 index and its AI deal with BP might have generated overall positive market sentiment, indirectly benefiting other companies like Etsy in the tech sector.

13.08.2024 - ETSY Stock was up 5.1%

• Etsy's stock experienced a strong bullish movement today.
• The bullish trend could be attributed to the news of Etsy being replaced in the S&P 500 index by Palantir Technologies and Dell Technologies. This change might have led to increased investor interest and optimism in the company's future prospects.
• The market movement could also be influenced by the broader market sentiment towards e-commerce platforms and tech companies, as investors continue to seek growth opportunities in the digital retail sector.
• Overall, Etsy's stock surge today could be a result of the reshuffling in the S&P 500 index and the potential implications it has for the company's visibility and investor confidence.

17.09.2024 - ETSY Stock was down 5.0%

• Etsy's stock has declined approximately 38% year to date, primarily attributed to increased competition within the e-commerce sector.
• Concerns raised by analysts at Goldman Sachs revolve around Etsy's future performance, driven by uncertainties surrounding gross merchandise sales and the risk of further market share erosion.
• The somber sentiment towards Etsy's stock underscores the hurdles the company encounters in sustaining its competitive position within a crowded market, contributing to the downward trend witnessed today.

13.05.2024 - ETSY Stock was down 5.2%

• Unusual options activity indicates a bearish sentiment towards Etsy, possibly contributing to the stock's decline.
• The chief technology officer selling shares worth over $32,000 could have added selling pressure on the stock.
• The overall market focus on insider trades and concerns about overpriced stocks might have influenced investor sentiment towards Etsy.
• The caution towards expensive technology stocks and the anticipation of a bounce in digital spending could have diverted attention away from Etsy, leading to its bearish movement.

13.05.2024 - ETSY Stock was down 5.4%

• The recent sale of shares worth over $32,000 by Etsy's chief technology officer may have influenced investors negatively.
• A broader pattern of insider selling in technology firms, such as Alphabet, could have contributed to a general bearish mood in the sector, impacting Etsy as well.
• Investors reassessed their positions in e-commerce companies like Etsy amid warnings about expensive tech stocks and the potential of overestimating growth prospects, resulting in the stock's decline.
• Despite positive earnings and successful collaborations with companies like Braze, concerns regarding market sentiment and overvalued technology stocks may have obscured these advancements, leading to Etsy's downward movement.

30.04.2024 - ETSY Stock was up 5.2%

• Despite the prevailing bearish sentiment surrounding e-commerce equities, Etsy demonstrated remarkable bullish momentum today.
• Observations from the options market hint at potential undisclosed insights or conjecture influencing the stock's performance.
• In contrast to suggestions to divest from other e-commerce and growth shares, Etsy appears resilient and maintains its position.
• Investors seem to be acknowledging Etsy's distinct market stance and its capacity to thrive amidst industry challenges faced by competitors.

01.06.2024 - ETSY Stock was down 4.3%

• The bearish movement in ETSY's stock could be attributed to concerns over the platform's shift towards mass-market goods and away from its original focus on handmade crafts.
• The discontent among sellers and buyers regarding the increased presence of manufactured goods and higher expenses may have contributed to the negative market sentiment.
• Discussions regarding the best alternatives to Etsy for selling crafts could have also raised doubts among investors about the platform's future growth prospects, leading to the bearish movement in the stock.

16.06.2024 - ETSY Stock was up 5.0%

• Notable bearish options trends among high-profile investors might have caused initial market uncertainty.
• Despite this, Etsy's emphasis on its maker mission and distinctive marketplace offerings likely inspired investor confidence, facilitating the upward stock movement.
• The recent ban on sex-toy sales on Etsy potentially generated controversy and publicity, leading to increased platform traffic and interest, influencing the positive market trajectory.

16.06.2024 - ETSY Stock was up 5.2%

• Etsy emphasizes its unique marketplace offerings, attracting more investors and buyers to the platform.
• Highlighting Etsy among other companies may have increased investor interest and confidence in the stock.
• Etsy's bullish movement could have stood out as a value proposition, driving its upward momentum amid stocks hitting new lows.
• Investors might be shifting their focus towards e-commerce platforms like Etsy for a different growth narrative and potential long-term sustainability.

19.06.2024 - ETSY Stock was down 6.7%

• Deep-pocketed investors have taken a bearish approach towards Etsy, with significant options activities indicating a potential market shift.
• The focus on a price band between $60.0 and $75.0 suggests uncertainty and possible downside risk for the stock.
• Etsy's commitment to its maker mission may not have been enough to offset broader market trends leading to the bearish movement.
• The overall sentiment towards stocks hitting new lows raises questions about the perceived value and potential traps in the market, influencing investor behavior towards Etsy's stock.