ETSY Sees Massive Increase in App Downloads, Trading Soars in Early Wednesday Trading
December 22, 2022
Trending News ☀️
Etsy ($NASDAQ:ETSY) Inc. is an e-commerce website focused on handmade, vintage, and unique items, as well as art and craft supplies. Etsy stock has been performing well in recent months, and on Wednesday it saw a massive increase in app downloads and a surge in trading. According to Evercore ISI analyst Shweta Khajuria, the U.S. app downloads for Etsy in the fourth quarter of 2020 increased by 29% year-over-year. This was 259% higher than the same period in 2019, leading to a sharp increase in trading for the company on Wednesday. Khajuria noted that the recent surge could be attributed to an increase in new user downloads, as well as higher engagement from existing users.
In addition to the impressive app download numbers, Etsy shares also saw a major boost in trading on Wednesday. While the surge in trading activity could be attributed to a variety of factors, analysts believe that the impressive app download figures played a major role in the stock’s jump. Overall, Etsy’s impressive app download numbers and surge in trading activity on Wednesday are a testament to the company’s growing popularity and its ability to stay relevant in a highly competitive digital marketplace. As the company continues to increase its user base and engagement levels, it will be interesting to see how its stock performs in the coming months.
Market Price
Etsy has seen a massive increase in app downloads and trading soaring in early Wednesday trading. News coverage of the company has been positive, and the stock has been performing well. On Wednesday, Etsy stock opened at $130.2 and closed at $134.3, representing an increase of 5.7% from the prior closing price of 127.1. The surge in app downloads is likely due to the coronavirus pandemic, as more people are using online platforms to shop for items like home decor and craft supplies. With the increase in downloads and trading, investors are confident that Etsy’s business model is well-suited to the current environment. The company’s focus on handmade and vintage items has been a key factor in its success, as consumers have been more inclined to purchase these items during the pandemic.
In addition, the company has reported strong quarterly earnings, which is likely to continue in the near term. With the current surge in app downloads, investors are optimistic about the company’s future prospects. Overall, Etsy’s stock has seen a strong performance in early Wednesday trading, with app downloads and trading soaring. With the continued success of its business model and strong quarterly earnings, Etsy looks poised to continue its upward trend in the coming months. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Etsy. More…
| Total Revenues | Net Income | Net Margin |
| 2.48k | -642.28 | 15.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Etsy. More…
| Operations | Investing | Financing |
| 682.32 | -53.04 | -427.83 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Etsy. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.45k | 3.06k | -4.82 |
Key Ratios Snapshot
Some of the financial key ratios for Etsy are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 49.0% | 61.1% | 16.4% |
| FCF Margin | ROE | ROA |
| 25.9% | -2030.2% | 10.3% |
VI Analysis
Investors interested in companies with long-term potential should consider analyzing their fundamentals. The VI app makes this task easier by providing a comprehensive evaluation of the company’s financial health. In the case of Etsy, the app’s Star Chart assigns the company an 8 out of 10 health score, which is high considering its cash flows and debt structure. The app also highlights Etsy’s strong growth, profitability and weak asset and dividend options. Additionally, Etsy is classified as a ‘gorilla’ – a company that has achieved sustained and significant revenue and earnings growth due to its competitive advantage. In addition to the Star Chart, investors looking to evaluate the company’s fundamentals should consider a few other key metrics. These include its cash flow, balance sheet and income statement. Cash flow tells investors how the company is generating and using its cash, while the balance sheet shows the assets and liabilities of the company. The income statement shows how much money the company is bringing in from sales and operations. Analyzing these metrics will give investors a better idea of whether or not a company is a good investment. Companies like Etsy, which have a high health score, strong growth, and competitive advantages, may be attractive to investors looking to maximize their returns over the long term. More…
VI Peers
Etsy Inc is a leading ecommerce company that focuses on selling handmade and vintage items. The company competes with other ecommerce giants such as eBay Inc, Poshmark Inc, and Zalando SE. Etsy has a loyal customer base and a strong brand identity. The company differentiates itself from its competitors by offering unique items that cannot be found elsewhere. Etsy is a publicly traded company that was founded in 2005.
– eBay Inc ($NASDAQ:EBAY)
eBay Inc is an American multinational e-commerce corporation based in San Jose, California, that facilitates consumer-to-consumer and business-to-consumer sales through its website. eBay was founded by Pierre Omidyar in 1995, and became a notable success story of the dot-com bubble. Today, it is a multibillion-dollar business with operations in about 30 countries.
The company has a market cap of 21.15B as of 2022 and a Return on Equity of -37.67%. eBay’s business model is based on enabling sellers to offer their items for sale on the platform, and buyers to find items they are looking for and purchase them. The company does not own or inventory the items being sold on its platform – instead, it simply facilitates the transaction between buyers and sellers.
eBay makes money by charging sellers a listing fee for each item they list for sale on the platform, as well as a commission on each item that is sold. In addition, the company also generates revenue from advertising and other fees.
– Poshmark Inc ($NASDAQ:POSH)
Poshmark is a social commerce platform for buying and selling fashion. It has a community of over 50 million sellers and buyers. Poshmark was founded in 2011 and is headquartered in Redwood City, California.
Poshmark’s market cap is 1.4B as of 2022. The company has a Return on Equity of -9.05%. Poshmark is a social commerce platform for buying and selling fashion. It has a community of over 50 million sellers and buyers. Poshmark was founded in 2011 and is headquartered in Redwood City, California.
– Zalando SE ($OTCPK:ZLNDY)
Zalando SE is a publicly traded German e-commerce company specializing in fashion, headquartered in Berlin. Founded in 2008, Zalando SE went public in 2014. As of 2022, Zalando SE has a market cap of 5.9B and a Return on Equity of 4.78%.
Zalando SE offers a platform for fashion and lifestyle. The company offers a wide range of products from over 2,000 brands for women, men, and children. The company operates in 15 European countries.
Summary
Investing in Etsy is an attractive prospect for many investors, given the recent news of a massive increase in app downloads and strong early Wednesday trading. By investing in Etsy, investors are able to benefit from the company’s success, as well as have a stake in the online marketplace. Etsy is a popular online marketplace for handmade and vintage goods, connecting buyers and sellers from around the world. As Etsy’s popularity grows, so does the potential for investors to reap the rewards of its success. By investing in Etsy, investors may enjoy significant returns from both short-term and long-term investments. For example, investors who purchase shares of Etsy stock may benefit from Etsy’s growth potential, as well as from potential dividend payments should the company do well.
Additionally, investors can benefit from the company’s success by taking part in the secondary market, where they can buy and sell the company’s shares at market prices. Etsy offers a unique opportunity for investors who are looking to get involved in an innovative and rapidly growing business. The company’s strong focus on customer service and sustainability provides investors with an opportunity to invest in a company that has the potential to generate strong returns. As such, investing in Etsy is an attractive prospect for many investors.
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