Etsy stock: buy or sell

ETSY stock price: $163.11 4.16% At close on May 14th, 2021

Updated on:
May 17th, 2021

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Etsy stock brief

  • Etsy stock skyrocketed 4.16% to close at $163.11 on the stock market last Friday.
  • Looking at the chart, price is drawing an scaled downtrend since last March with lower tops and lower bottoms. shares price lost a -35.24% since the downtrend started.
  • Stifel Nicolaus published a strong bullish rating for Etsy last Thursday, with a target of $205.00
  • On May 5, Etsy posted its Q1 earnings report
  • Etsy, Inc. operates two-sided online marketplaces that connect buyers and sellers primarily in the United States, the United Kingdom, Germany, Canada, Australia, France, and India.

Should I buy Etsy stock?

All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best

Is $ETSY stock a buy?

Currently, Etsy stock doesn't match any of these trading strategies, so our recommendation is not to buy now. This doesn't mean we expect a selloff for $ETSY in coming sessions, or that it may not climb higher. Simply, it doesn't match our recommended trading systems

Should I sell Etsy stock?

When you are a novel trader and you own stock shares with some profit, it's really difficult to decide the best moment to sell and get your profits. In the same way as when we have to buy shares, deciding when is appropiate time to sell is not a capricious decision, and we must follow our own trading strategy. When selling, as well as buying, our strategies are very simple to follow and are only valid for selling shares you already own, not for selling short Etsy stock

A guiding principle is that you should not mantain an investment that yields higher than expected losses by the time of the buy. The moment to sell your stock must always be ruled by the stop-loss (automatic or manual)

Is it time to sell Etsy stock?

Currently, Etsy stock doesn't match any of our preferred sell setups, so if you own Etsy shares and your operation is in profit probably is not time to sell now

Etsy ratings

In the last 30 days, 9 brokerage ratings were published for Etsy. General sentiment is bullish, with 6 out of 9 posting optimistic outlooks

Etsy analysts' ratings - Last month
Brokerage firmRating
May 6th, 2021
BTIG Research Strong buy
Morgan Stanley Sell
Oppenheimer Buy
Truist Neutral
Wedbush Buy
May 7th, 2021
Stifel Nicolaus NeutralStrong buy
May 12th, 2021
BTIG Research Strong buy
Morgan Stanley Sell
May 13th, 2021
Stifel Nicolaus NeutralStrong buy

Etsy stock analysis

Etsy accumulates a price drop of -35.24% since its latest top last March at $251.86. The stock plotted 3 consecutive lower tops.

SMAs overview

ETSY stock SMAs chart

Supports and resistances

The current resistance levels are:

  • R1: $166.33 (1.97% above)
  • R2: $179.23 (9.88% above)
  • R3: $190.50 (16.79% above)
  • The current support levels are:

  • S1: $154.88 (-5.05% below)
  • S2: $153.80 (-5.71% below)
  • S3: $141.41 (-13.30% below)
  • Bollinger bands

    Since the price broke down the lower band on May 10, the price has bounced up by 0.82%

    ETSY stock Bollinger Bands chart

    Relative strength index

    After breaking below the oversold zone yesterday, crossed up back above with a reading of 34.45. This is a strength sign for the stock

    ETSY stock RSI chart

    Etsy stock price history

    Etsy went public priced at an adjusted price1 of $31.00 on Apr 2015. Since then, ETSY stock surged by 426.16%, with an average of 71.03% per year. An investment of $1,000USD on the IPO would be valued $5,261.61 today.

    1: Adjusted price after possible price splits or reverse-splits

    ETSY stock price history chart

    Price target for Etsy stock

    Nobody can predict how much a share will be priced in the future. However, many stock price predictions are issued every day by banks, financial institutions and independent analysts.

    Along with buy or sell recommendations, brokerage institutions publish their price predictions based on the stock price action and the company fundamental data. Most of these predictions follow the publication of new financial information by the company, and many times. If you are a small trader you must not trade based on these projections.

    Averaging all price targets exposed below, the estimated price for Etsy stock is $192.11. That is a 17.78% than the current price ($163.11).

    Etsy stock price predictions
    Brokerage firmPrice target
    May 6th, 2021
    BTIG Research $235.00$215.00
    Morgan Stanley $123.00$135.00
    Oppenheimer $240.00$200.00
    Truist $224.00$215.00
    Wedbush $250.00$204.00
    May 7th, 2021
    Stifel Nicolaus $205.00
    May 12th, 2021
    BTIG Research $235.00$215.00
    Morgan Stanley $123.00$135.00
    May 13th, 2021
    Stifel Nicolaus $205.00

    Earnings and financials

    On May 5, Etsy, Inc. ($ETSY) reported EPS for that beat Market expectations. Quarterly EPS was $1.00 per share versus the estimated $0.88. This quarterly report represents an earnings surprise of 13.64%. Sales resulted of $550.7 million versus $529.8 million estimated by analysts.

    Same quarter last year, reported EPS was $0.10, so recently reported EPS means an increase of 900.00%. Looking at revenues, figures exploded a 141.45% compared to $2.3B same quarter a year ago.

    Etsy ($ETSY) will host the quarterly earnings call next August. Analysts expect of $0.62, that is a 38.00% less than previous quarter.

    Etsy performance

    ETSY performance compared
    Company1m3m6m
    Etsy ($ETSY) -26.00% -31.70% 25.80%

    Disclaimer:
    The comments contained in this article are personal and should not be followed as recommendations for you to buy or sell stocks. The author of this paper does not have any knowledge of the particular circumstances of the reader, his or her financial statements or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Thoughts are published for learning motives only

    Etsy summary

    Friday, May 14th, 2021
    Open$159.01
    Close$163.11
    Day range$157.14 - $163.84
    Previous close$156.59
    Session gain4.16%
    Average true range$15.68
    50d mov avg$202.79
    100d mov avg$204.30
    200d mov avg$169.46
    Earnings dateAugust 4th, 2021

    Frequently asked questions

    What is Etsy stock symbol?

    Etsy, Inc. is a public company trading in the US stock market with the ETSY symbol

    Is Etsy stock a buy or sell?

    Etsy received 9 ratings in the last 30 days: 6 bullish, 2 bearish and 1 neutral.

    Will ETSY go up?

    Etsy had different price forecasts posted by analysts in the last 30 days setting the target price to $192.11. That is a 17.78% than the current price ($163.11).