Etsy Finally Raises Fees; Multiple Levers Remain For Higher Growth [Seeking Alpha]
Etsy, Inc. (ETSY)
Last etsy, inc. earnings: 2/26 04:05 pm
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US:NASDAQ Investor Relations:
investors.etsy.com
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Source: Seeking Alpha
Summary On June 14, Etsy ( ETSY ) announced a seller transaction fee increase from 3.5% to 5.0%. This was long thought to be one of the major revenue levers that management had to pull, and they will be doing so from a position of strength as gross merchandise sales (GMS) growth has now accelerated over the last three consecutive quarters. The stock is now up over 25% since the announcement, and many investors remain bullish on the company's future. The key topics that investors are talking about are: - The other major areas of opportunity for Etsy, including more marketing, better discoverability, improved conversion rates, and more seller tools - Possible seller backlash and competitive threats Transaction Fee Raised; Numerous Levers Remain For Growth Before jumping into the opportunities for Etsy, it's worth spending some time discussing why Etsy's areas of improvement are worth discussing. As an investor focused on fundamental analysis, it's important t
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ETSY
News
- Etsy, Inc. (NASDAQ: ETSY) had its price target lowered by analysts at Citigroup Inc. from $72.00 to $62.00. They now have a "neutral" rating on the stock.MarketBeat
- Etsy, Inc. (NASDAQ: ETSY) had its price target lowered by analysts at Canaccord Genuity Group Inc. from $125.00 to $105.00. They now have a "buy" rating on the stock.MarketBeat
- Etsy, Inc. (NASDAQ: ETSY) had its price target lowered by analysts at Guggenheim from $95.00 to $80.00. They now have a "buy" rating on the stock.MarketBeat
- Etsy, Inc. (NASDAQ: ETSY) was downgraded by analysts at JMP Securities from an "outperform" rating to a "market perform" rating.MarketBeat
- Etsy, Inc. (NASDAQ: ETSY) had its price target lowered by analysts at Morgan Stanley from $55.00 to $52.00. They now have an "underweight" rating on the stock.MarketBeat
ETSY
Earnings
- 5/1/24 - Miss
ETSY
Sec Filings
- 5/3/24 - Form 4
- 5/2/24 - Form 10-Q
- 5/1/24 - Form 8-K
- ETSY's page on the SEC website