ETSY - Etsy, Inc.
| Previous Close | 57.84 |
| Open | 57.89 |
| Bid | 0.00 x 2200 |
| Ask | 0.00 x 4000 |
| Day's Range | 57.52 - 59.93 |
| 52 Week Range | 38.02 - 73.35 |
| Volume | 3,747,700 |
| Avg. Volume | 2,786,348 |
| Market Cap | 7.21B |
| Beta (3Y Monthly) | 0.76 |
| PE Ratio (TTM) | 69.67 |
| EPS (TTM) | 0.86 |
| Earnings Date | Nov 4, 2019 - Nov 8, 2019 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | 76.29 |
- Yahoo Finance Video
Wedbush upgrades Etsy to outperform, Medallia stock rises after director buys $11M in shares
Yahoo Finance's Ines Ferre breaks down the market action for Etsy and Medallia.
- Financial Times
Media group Endeavor plans to raise as much as $712m in IPO
Endeavor is targeting an $8bn valuation in an upcoming initial public offering for the company that owns Hollywood’s biggest talent agency and the Ultimate Fighting Championship martial arts franchise. The entertainment empire, founded in 1995 by Ari Emanuel, was valued at $6.3bn in 2017, when it landed a $1bn investment from the Canada Pension Plan Investment Board and Singapore’s sovereign wealth fund, GIC. Since absorbing the William Morris Agency and IMG in a flurry of deal-making, Endeavor has shifted from its roots in talent representation, pushing into fashion, marketing and sports.
- Barrons.com
Etsy’s Scaled-Back Share Price Is a ‘Strong Buying Opportunity,’ Analyst Says
Management issued a less upbeat outlook for the digital craft marketplace’s full-year performance in early August, sending the stock down.
- MarketWatch
Etsy's stock jumps after Wedbush analyst turns bullish, bumps up price target
Shares of Etsy Inc. jumped 4.1% in premarket trading Friday, after Wedbush analyst Ygal Arounian turned bullish on the online crafts marketplace, citing a "critical mass" of new initiatives that is expected to drive growth and expand margins. Arounian raised the rating to outperform from neutral, and bumped the price target to $66 from $64, amid optimism over the outlook for Etsy Ads and free-shipping offering. "We particularly like the timing with both Etsy Ads and free shipping launching into the holiday season supported by Etsy's brand marketing push, where it is seeing early signs of strong [return on investment] on TV and social," Arounian wrote in a note to clients. The stock has tumbled 21.7% over the past three months through Thursday, while the Amplify Online Retail ETF has gained 5.4% and the S&P 500 has tacked on 4.1%.
- TheStreet.com
Etsy Shares Spin Higher After Analyst Upgrade of Online Crafts Marketplace
Wedbush boosts its price target on Etsy to $66 from $64, citing a rosier outlook for its new Etsy Ads intiative and its offer of free shipping.
- InvestorPlace
7 Worst Stocks That Flopped This Earnings Season
With 99% of S&P 500 companies having reported numbers so far, it's safe to say that the second-quarter earnings season is essentially over. How'd it go? Very, very mixed.The numbers were broadly better than expected -- more than half of companies reported better revenue numbers than expected, while three-fourths of companies reported better profit numbers than expected. But, the beats weren't very compelling, and things are slowing -- the market's revenue growth rate in Q2 2019 was the slowest since Q3 2016, while the profit growth rate was negative.Broadly, then, it wasn't a great earnings season. But, it wasn't an awful one, either.InvestorPlace - Stock Market News, Stock Advice & Trading TipsHaving said that, the second-quarter earnings season was awful for a handful of stocks, which bucked the broader market trend and reported worse-than-expected second-quarter revenues and profits. Many of these stocks were hammered, considering the sentiment backdrop during Q2 wasn't great.Which stocks got killed this earnings season? And will they remain in a downtrend for the foreseeable future? * 10 Healthcare Stocks to Buy Despite the Headlines Let's answer those questions by taking a deeper look at seven stocks that flopped this earnings season -- all of them are down more than 20% since they reported earnings -- and see whether these stocks have any bounce-back potential. Worst Stocks That Flopped This Earnings Season: Ulta (ULTA)Source: Jonathan Weiss / Shutterstock.com Loss Since Earnings Report: 30%It wasn't a kind earnings season for retailers, as trade war woes broadly weighed on management sentiment and resulted in depressed back-half 2019 outlooks. But, for cosmetics retailer Ulta (NASDAQ:ULTA), the second-quarter earnings season was particularly ugly.In late August, Ulta reported second-quarter numbers that missed everywhere. The headline revenue and earnings numbers both missed expectations. Comparable sales growth in the quarter came up shy of estimates. Margins fell short of estimates, too. The full-year revenue growth, comparable sales growth, margin and profit guides were all cut in a big way -- to well-below consensus marks.In response to the across-the-board miss quarter, ULTA stock plunged -- by about 30%. It now trades at its lowest levels since Christmas Eve 2018, when the broader indices were flirting with bear market territory.Can the stock rebound from these depressed levels? I think so. The secular growth drivers in the cosmetics industry remain favorable, supported by Selfie Generation consumers who are obsessed with looking good. Ulta still dominates this industry. The only problem is that after several years of red-hot growth, the industry is cooling off in 2019. Historically speaking, such cooling off periods are never that big, and never last that long.As such, the macro backdrop will improve here. Probably by 2020. When it does, Ulta's numbers will bounce back, and ULTA stock will rebound in a big way. Uber (UBER)Source: NYCStock / Shutterstock.com Loss Since Earnings Report: 28%Ride-sharing giant Uber (NYSE:UBER) has been a public company for about three months now. Over those three months, not only did UBER not get an IPO honeymoon, but the stock has actually been through a tremendous amount of pain -- headlined by the stock's huge plunge following its latest earnings report.In early August, Uber reported second-quarter numbers that missed estimates across the board. The headline revenue and profit numbers missed Street estimates. So did bookings and monthly active platform consumers. Perhaps more importantly, top-line growth metrics (revenue growth, bookings growth and user growth) all slowed dramatically from Q1, while core platform margins actually deteriorated year-over-year.In other words, Uber put up a quarter that both missed estimates by a wide margin, and illustrated that the company's growth trajectory is flattening out while margins aren't improving.That's a losing combination. Thus, it should be no surprise that since the Q2 print, UBER stock has shed about 30%. * 7 Automotive Stocks to Buy Now Is there rebound potential here? Yes. But, only in the long run. Ride-sharing still projects as the next big thing in the transportation world, and at scale, the vast majority of transportation will be done through ride-sharing. At scale, then, Uber will be a very big company -- much bigger than it is today. But, Uber has lost its stride at the moment. Until the company gets that winning stride back through reinvigorated growth or improving margins, UBER stock will have a tough time rebounding from here. Beyond Meat (BYND)Source: calimedia / Shutterstock.com Loss Since Earnings Report: 27%Once one of the hottest stocks on Wall Street, plant-based meat company Beyond Meat (NASDAQ:BYND), went ice cold this earnings season after the company reported second-quarter numbers that -- while good -- didn't quite live up to lofty investor expectations.In late July, Beyond Meat reported second-quarter numbers that were actually pretty good. Revenues rose nearly 300% year-over-year and topped Street estimates. Margins improved meaningfully, and came in well ahead of expectations. The full-year revenue and adjusted EBITDA guides were really good. But, in the earnings report, Beyond Meat also announced a secondary offering that spooked investors -- mostly because the offering was priced at $160 per share, while the stock was trading above $200 per share at the time.In other words, while Beyond Meat did report blowout second-quarter numbers, management also confirmed in that report through a secondary offering that above $200, BYND stock was overvalued.The stock has naturally sold off ever since, but has found solid footing in that $150 to $160 range, or right around where the secondary offering was priced. That's a healthy sign. It's also a healthy sign that ever since the Q2 earnings print, the plant-based meat craze has only gained more momentum with more fast-casual chain contract wins.Broadly, then, Beyond Meat's secular growth narrative remains very robust. The post-Q2 earnings sell-off was just a natural correction following a parabolic run higher. After the stock consolidates in the $150 to $160 range for a few more months, BYND stock should be ready to resume its secular march higher. This is a long term winner. Etsy (ETSY)Source: kenary820 / Shutterstock.com Loss Since Earnings Report: 27%Another red hot stock that went ice cold this earnings season is arts and crafts e-commerce marketplace Etsy (NASDAQ:ETSY).In early August, Etsy reported second quarter numbers that were mixed. Earnings topped expectations, and the full-year revenue and volume growth guides were both lifted. At the same time, though, revenues missed expectations, and the full-year EBITDA margin guide was cut. The big problem is that heading into the print, ETSY stock was priced for perfect, not mixed (the stock traded at over 60-times forward earnings at the time).Thus, mixed results produced a huge sell-off in ETSY stock which has lasted ever since. Since that early August earnings report, ETSY stock has shed nearly 30%.Can the stock rebound from here? I think so. This is still a big growth company (33% revenue growth projected this year) supported by secular e-commerce adoption drivers and protected by a moat of over 2 million active sellers and 40 million active buyers. Plus, there are some pretty big growth initiatives that are just starting to rollout, including free shipping on orders over $35 and an in-platform ads business for its sellers. Sure, these growth initiatives cost money to get going (hence the reduced margin guide for 2019), but they are ultimately very additive to the long-term growth narrative. * 7 Low-Risk Mutual Funds to Buy Now Thus, I think ETSY stock can and will bounce back from here. Technical support may not arrive until the mid-$40's, so investors may want to wait for that support to show up. But, in the long run, this stock has the firepower to run back toward $60-plus prices. Under Armour (UAA)Source: 2p2play / Shutterstock.com Loss Since Earnings Report: 33%Yet another red-hot stock that went ice cold this earnings is athletic apparel brand Under Armour (NYSE:UAA).In late July, Under Armour reported second quarter numbers that simply weren't that good. Sure, earnings topped expectations. But, revenues missed expectations, and revenue growth was yet again a meager 3%, while North American revenues continued to decline. Also, sure, gross margins were up big, but they were supposed to be up big, and the company didn't drive any positive operating leverage, so operating margin expansion wasn't as big as investors were hoping for.Big picture, Under Armour's second-quarter print confirmed that this is a slow growth company with margins that are gradually moving -- not rushing -- higher. Heading into the print, UAA stock was priced for so much more. That's why the stock has collapsed more than 30% since the print.Will the stock rebound from here? Yes. For three big reasons.First, under $20, UAA stock is now undervalued relative to its long-term growth potential. Second, the stock is running into some major technical support levels, which have historically signaled a bottom in the stock before a substantial recovery rally. Third, trade war tensions, which have weighed on the entire athletic apparel sector for the past month, should ease going forward from here, providing an upward sentiment lift for UAA stock. iRobot (IRBT)Source: Grzegorz Czapski / Shutterstock.com Loss Since Earnings Report: 34%Consumer robotics leader iRobot (NASDAQ:IRBT) both manufactures a lot of product in China and sells a lot of product into China. As such, this company finds itself at the epicenter of the trade war, so ever since the trade war escalated to a new level back in April 2019, IRBT stock has been under tremendous pressure.That tremendous pressure continued this earnings season. In late July, iRobot reported second-quarter numbers that comprised slowing revenue growth trends and a big full-year 2019 revenue guide cut, which implied that this slowdown is set to continue for the foreseeable future. IRBT plunged after the report, and because trade relations have only deteriorated since then, it has continued to drop into early September.From late July to early September, IRBT stock has dropped 34%. The stock is now more than 50% off its late April 2019 highs.Is a big rebound coming? In the long run, yes; iRobot is the leader in the secular growth consumer robotics space, which is on the cusp of going mainstream. Over the next few years, robotic vacuum cleaners, lawnmowers, car cleaners etc. will become the household norm, and many of those products will be iRobot products. Thus, in the long run, there's a ton of growth potential here, the sum of which should drive IRBT stock higher from today's depressed prices. * 10 Stocks to Sell in Market-Cursed September But, this stock also has a ton of trade war exposure, and until tariffs go away or get reduced, it's tough to see investors wanting to "buy the dip" in IRBT stock. So long as "buy the dip" appetite remains depressed, IRBT stock will remain depressed, too. Canopy Growth (CGC)Source: Jarretera / Shutterstock.com Loss Since Earnings Report: 24%Pot stocks had a really tough time this earnings season amid relatively sluggish revenue growth and depressed margins, and the leader of the pack -- Canopy Growth (NYSE:CGC) -- was no exception.Canopy reported first-quarter numbers in mid-August. They were nothing short of awful. Revenues and profits missed by a mile. Margins dropped big year-over-year. Kilograms sold grew only marginally quarter-over-quarter. Revenues actually declined sequentially. The cash balance -- one of the most attractive features of Canopy relative to other pot stocks -- dropped 30% from a year ago.All in all, it was not a good report. Broadly speaking, it confirmed that growth is slowing, profits are still a long way out, and cash burn is a problem that isn't going away any time soon. CGC stock plunged in response. It has stayed in sell-off mode ever since, and today it trades nearly 25% below its Q1 earnings price.Will CGC stock bounce back? Long term, yes. Given its huge growing capacity, global distribution, big balance sheet and Acreage deal to enter the U.S. market, Canopy still projects a leader in the global cannabis market at scale -- and that positioning ultimately implies that Canopy could one day be a $50 billion to $100 billion company. Thus, in the long run, there's huge upside potential here.But, near-term pain will persist for the foreseeable future. Put simply, other cannabis companies are making more progress than Canopy at the current moment, on both the top and bottom-line. Canopy needs to step up its game and regain its competitive edge before investors take a chance on buying what has turned into a falling knife.As of this writing, Luke Lango was long BYND, UAA and CGC. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks to Sell in Market-Cursed September * 7 of the Worst IPO Stocks in 2019 * 7 Best Stocks That Crushed It This Earnings Season The post 7 Worst Stocks That Flopped This Earnings Season appeared first on InvestorPlace.
- Zacks
Etsy (ETSY) in Focus: Stock Moves 5.2% Higher
Etsy (ETSY) saw a big move last session, as its shares jumped more than 5% on the day, amid huge volumes.
- Yahoo Finance
How Trump's trade war with China is impacting this big home furnishings retailer
At Home is doing what it can to navigate President Trump's trade war with China. CEO Lee Bird joins Yahoo Finance to talk about the war's impact on the retailer.
- Motley Fool
Why Etsy Is a Good Investment
These factors point to plenty of upside for the e-commerce company.
- PR Newswire
S&P Dow Jones Indices Announces Nine Companies Set to Join S&P MidCap 400; Ten Companies to Join S&P SmallCap 600
NEW YORK , Sept. 6, 2019 /PRNewswire/ -- S&P Dow Jones Indices will make the following index adjustments to the S&P MidCap 400 and S&P SmallCap 600 to ensure each index more appropriately represents its ...
- Simply Wall St.
Calculating The Fair Value Of Etsy, Inc. (NASDAQ:ETSY)
Does the September share price for Etsy, Inc. (NASDAQ:ETSY) reflect what it's really worth? Today, we will estimate...
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What Makes the Disney-Target Partnership So Magical
Pairing the content monolith with the higher-end retail giant will mean great things for both companies.
- Investor's Business Daily
Is Etsy Stock A Buy Right Now? Here's What Earnings, Charts Show
E-commerce company Etsy has introduced several new business initiatives as it seeks to drive long-term value. But will it propel sustainable, profitable growth and boost Etsy stock?
- Motley Fool
How to Turn $200 a Month into $500,000
It's all about harnessing the power of one magic formula.
- MarketWatch
Etsy launches new ad platform for sellers
Etsy Inc. said Tuesday that it is combining its promoted listings ad platform with its Google Ads tool to create Etsy Ads, a new platform that will help sellers reach shoppers both on and off the Etsy site through marketing programs sellers pay for. Etsy says it will also invest more in television ads and other marketing to make the Etsy site more visible. Etsy stock has climbed 12.6% for the year to date while the S&P 500 index is up 14.5% for the period.
- TipRanks
Stifel Nicolaus Says Buy the Dip in Etsy and Wayfair Stock
With consumers increasingly relying on more convenient ways to make purchases, eCommerce companies are looking to capitalize on this expanding market. The Commerce Department reported in February that for the first time in history, monthly online U.S. retail sales surpassed general merchandise sales to reach $59.8 billion. With this figure only expected to grow, Wall Street is taking notice.Stifel Nicolaus’ Scott Devitt believes the pattern of shoppers switching to online versus traditional in-store purchases will persist, upgrading both Etsy (ETSY) and Wayfair (W) to a Buy on August 22. He tells investors that the dip in each company’s shares represents a compelling opportunity as both stand to benefit from the eCommerce boom. Let’s take a closer look at what the five-star analyst had to say about these two stocks. Etsy Inc. (ETSY) The handmade and vintage merchandise retailer has had a rough going since its Q2 earnings release, with shares falling 23% in the last month. That being said, Devitt upgraded the stock based on the attractive entry point created by the drop, deeming Etsy an “emerging leader in third-party e-commerce”. On August 1, Etsy reported that while it had beaten the consensus estimate for earnings, it fell short in terms of revenue. However, management did raise its full year guidance citing new initiatives that are expected to drive upside for the company. As part of these efforts, Etsy signed a definitive agreement on July 21 to acquire Reverb, a marketplace for new, used and vintage music equipment for $275 million in cash. The company also started giving vendors tools and support to help them guarantee free shipping on orders of $35 or more to U.S. buyers in July. Not to mention Etsy plans to launch a simplified ad platform for sellers beginning in the third quarter of 2019. Promoted listings, on-site ad platform and Google Shopping will be streamlined into a single ad platform called Etsy Ads where sellers can set a budget and allow Etsy to optimize between channels, targeting a return on spending.Devitt tells investors that all of these positive developments make up for a somewhat weaker quarter. “While we had been surprised at the strength and speed of the turnaround, we have been fans of the strategy throughout and feel now is a good time to put the appropriate rating on the business for the extensive improvements that have been built into the model to deliver over the long term,” he explained. As a result, the analyst upgraded the rating from a Hold to a Buy and kept a $70 price target, implying 31% upside.All in all, the Street takes a slightly more cautious stance on Etsy. It has a ‘Moderate Buy’ analyst consensus and a $75 average price target, suggesting 40% upside potential. Wayfair Inc. (W)The online furniture retailer took a similar tumble following its earnings release, with shares dropping 19% in the last month. Again, Devitt tells investors not to fear as this stock’s strong long-term growth narrative remains unchanged. The company posted a second quarter earnings and revenue beat on August 1, but disappointed investors with its third quarter guidance that fell below analysts’ estimates. Devitt notes that this was caused by an investment in its international operations that offset acceleration in its U.S. business.He instead based his upgrade on W’s steps in the right direction that are expected to fuel growth. Wayfair remains on track to add almost 5 million square feet of space to its logistics footprint this year, expanding upon the existing 12 million square feet. Adding to the good news, its CastleGate warehouse penetration in the U.S. continues to rise. At the current pace, cash flowing through CastleGate for both large and small parcel are doubling year-over-year. All of this lends itself to Devitt’s conclusion that Wayfair stock is undervalued. “The drop in the company's stock price since the release of its second-quarter results has created a compelling entry point,” he explained. He added that W now trades at a 25% discount to the company's e-commerce competitors. As a result, Devitt upgraded the stock from a Hold to a Buy and maintained the $150 price target. The analyst believes shares could surge 39% over the next twelve months. In general, Wall Street approves of this eCommerce stock. 7 Buy ratings vs 3 Holds received over the last three months add up to a ‘Moderate Buy’ analyst consensus. Wayfair’s $160 average price target suggests 48% upside potential. Discover the Street's best-rated stocks with the Top Analysts’ Stocks tool
- InvestorPlace
8 Penny Stocks That Have Fallen From Grace
[Editor's note: "8 Penny Stocks That Have Fallen From Grace" was previously published in July 2019. It has since been updated to include the most relevant information available.] A good rule of thumb to follow in investing is that penny stocks usually aren't good stocks. Most stocks don't IPO at prices below $10. As such, if a stock is trading below $10 or below $5, it means investors have sold the stock off to those levels, and such big selloffs aren't typically the result of good fundamentals or news.Because of this, when dealing with penny stocks, it is always important to remember that these stocks weren't birthed as penny stocks. They were birthed as regular stocks and fell into penny stock territory due to poor fundamentals.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThat is especially true for the following list of 8 penny stocks that have fallen from grace. Once upon a time, each one of these penny stocks was a high flyer that the market thought could be a huge success. Then, reality hit, and none of them ended up being what they were supposed to be. Investors dumped the stocks, and now, each one of these former high flyers trades in penny stock territory.Are these huge selloffs buying opportunities? Or are they reason to stay away? It depends. For some of these fallen-from-grace penny stocks, the selloffs are overdone. For others, they aren't. * 7 "Boring" Stocks With Exciting Prospects With that in mind, let's take a closer look at these fallen-from-grace penny stocks, and see not only why they fell from grace, but whether or not they can bounce back from here. J.C. Penney (JCP)Source: Supannee_Hickman / Shutterstock.com All-Time High (Year): $80 (2007)Current Price: $0.55Why It's Dropped: Big box department store J.C. Penney (NYSE:JCP) was once an iconic stalwart of a thriving mall industry. That was back before the 2008 Financial Crisis, and before the onset of mainstream ecommerce.Then, Amazon (NASDAQ:AMZN) came along, and shopping pivoted into the digital channel. Some traditional retailers kept up with the times. J.C. Penney did not. In-store performance deteriorated, and without any help from a burgeoning digital business (because there was none), financial resources were depleted and JCP stock fell off a cliff.Can It Bounce Back: JCP stock is unlikely to bounce back, for two simple reasons.One, the consumer has moved on. Between Amazon, Walmart (NYSE:WMT), Target (NYSE:TGT), Etsy (NASDAQ:ETSY), Shopify (NYSE:SHOP) stores, and more, consumers have all the stores they need to get everything they want. J.C. Penney is no longer a necessary retail destination for consumers.Two, the company is running up huge losses against the backdrop of a debt burdened balance sheet that renders the company both unable to innovate and invest, and unable to use time to its advantage. As such, the most likely path forward for JCP stock is lower. Groupon (GRPN)Source: Shutterstock All-Time High: $25 (2011/12)Current Price: $2.40Why It's Dropped: Once upon a time, the idea of a centralized online coupons site sounded genius, and that's why Groupon (NASDAQ:GRPN) had a pretty hot start on Wall Street.Then, the commerce world changed, as retail behemoths like Amazon, Walmart, and Target made low prices the norm (thereby somewhat eroding the need for discounts). At the same time, Groupon's growth started to flatten out, and profitability remained a huge question mark.These growth and profitability struggles have persisted for the past several years, and as they have, GRPN stock has dropped in a big way. * 10 Marijuana Stocks That Could See 100% Gains, If Not More Can It Bounce Back: In the long run, GRPN stock can bounce back, mostly because the company has the ability to execute an impressive turnaround through focusing on discounts for experiences (not discounts for products), and through emphasizing local sales (so as to avoid competition with the likes of Amazon, Walmart, and Target).But this turnaround is progressing at a snail's pace. Thus, while I have faith that GRPN stock can and will bounce back from these under-$5 levels, it will take time. Pier 1 (PIR)Source: Shutterstock All-Time High: $500 (2013)Current Price: $3.90Why It's Dropped: Home furnishings retailer Pier 1 (NYSE:PIR) was once considered one of the premier retailing destinations in a thriving physical home-goods market that was largely exempt from the e-commerce onslaught, mostly because the furniture was supposedly the type of stuff consumers wanted to touch and feel.As it turns out, though, that's not true. The ecommerce trend has penetrated into the furniture market over the past several years, and as it has, sales and customers have flowed out of Pier 1 and into platforms like Wayfair (NYSE:W). Pier 1's margins and profits have consequently contracted, and PIR stock has plummeted.Can It Bounce Back: PIR stock can and should bounce back from here, but the current trends underlying the company are so negative (huge revenue drops and big margin erosion, neither of which are slowing) that betting on a PIR stock turnaround here simply seems too risky.If those trends do start to stabilize, this stock can and will bounce back in a big way. But until then, the best place to hang out is on the sidelines. Blue Apron (APRN)All-Time High: $150 (2017)Current Price: $7.28Why It's Dropped: At the time of its IPO in 2017, Blue Apron (NASDAQ:APRN) was being heralded by some as a next-generation meal kit platform that was going to change the way consumers did their grocery shopping.But old habits are hard to break, and how consumers do their grocery shopping is one of the oldest habits in the book.As such, Blue Apron's growth trajectory since its IPO has dropped into negative territory, while profitability has remained elusive. This combination of slowing growth and rising losses has driven APRN stock substantially lower. * 10 Cheap Dividend Stocks to Load Up On Can It Bounce Back: APRN stock will likely keep falling for the foreseeable future. Meal kit market trends remain sluggish while competition is only increasing. Thus, Blue Apron is potentially looking at a shrinking market share in an increasingly competitive and slowing growth meal kit market.That combination implies that revenue, margin and profitability struggles will persist for the foreseeable future. As they do, APRN stock's struggles will persist, too. Rite Aid (RAD)Source: Shutterstock All Time High: $1,000 (1999)Current Price: $5.31Why It's Dropped: The story at Rite Aid (NYSE:RAD) is very similar to the story at J.C. Penney. Broadly speaking, both mall retail and pharmacy have been uprooted by secular changes in consumption and flooded with tons of competition.Much like J.C. Penney, Rite Aid has struggled to keep up with these changes, and has lost market share to competitors. The result has been persistent drops in revenue, margins, and profits, against the backdrop of a debt-heavy balance sheet.That combination has ultimately scared investors away in droves, and PIR stock has come crashing down over the past several years. * 15 Growth Stocks to Buy for the Long Haul Can It Bounce Back: Also much like JCP stock, RAD stock is unlikely to bounce back very soon. Its recent partnership with Amazon could very well be a game-changer, but I wouldn't bet on that right now.Even if Amazon brings more traffic to the stores, the in-store experience still is designed for older, less-well-off shoppers. GameStop (GME)Source: Shutterstock All Time High: $60 (2007)Current Price: $3.65Why It's Dropped: Before the 2008 Financial Crisis, video games were bought in stores, and the go-to place to buy video games was GameStop (NYSE:GME). But over the past decade, video games have shifted from being bought in store, to being downloaded through the cloud.This shift has made GameStop an increasingly irrelevant retail destination for gamers. GameStop's sales, margins and profits have consequently been hit hard, and GME stock has dropped.Can It Bounce Back: At this point in time, a bounce-back rally in GME stock is unlikely. The cloud gaming shift is only accelerating and gaining momentum, as multiple next-gen cloud gaming platforms are expected to launch in late 2019 and early 2020.These new platforms will make GameStop only more irrelevant than ever before. Sales, margins and profits will continue to drop. So will GME stock. GoPro (GPRO)Source: Larry George II / Shutterstock.com All Time High: $100 (2014)Current Price: $3.96Why It's Dropped: Shortly after its 2014 IPO, GoPro (NYSE:GPRO) stock went hyperbolic as Wall Street fell in love with this company's potential as a next-generation media giant.The idea was that GoPro's action cameras were creating a new form of media content, from which the company could create a content-rich streaming platform, like the YouTube of action sports. That never happened. Instead, it turns out that the action sports market is pretty niche, and there really isn't much potential on the content side here.As such, over the past several years, reality has sunk in that GoPro is just a camera hardware maker for a niche action sports market. As that reality has sunk in, GPRO stock has crashed. * 7 Safe Dividend Stocks for Investors to Buy Right Now Can It Bounce Back: GPRO stock won't bounce back from here. But it also won't fall much further. Instead, GPRO stock seems fairly valued today considering its reality as a stable but limited growth and low margin hardware maker in a niche market.Further downside seems limited by the fact that the valuation is depressed and growth trends are stabilizing. Further upside seems limited by the fact that growth rates and margins will remain relatively muted for the foreseeable future.As such, GPRO stock projects to stay stuck in the mid to high single-digit range for the next few quarters. Fitbit (FIT)Source: Shutterstock All Time High: $50 (2015)Current Price: $3.03Why It's Dropped: Much like GoPro, Fitbit (NYSE:FIT) was hyped up around its IPO as a next-generation hardware company with both huge hardware and software growth potential in the long run.Also much like GoPro, though, Fitbit never lived up to that hype. Instead, Fitbit's hardware growth trajectory fell flat, as competitors innovated more quickly than Fitbit and stole market share, and the software growth narrative never really materialized.This end-to-end growth narrative erosion, coupled with continued weak margin and profit trends, has caused FIT stock to plummet over the past several years.Can It Bounce Back: A rebound in FIT stock seems unlikely at this point in time. There was hope that new smartwatch products would catalyze a rebound in declining Fitbit sales, but that tailwind has already largely come and gone and didn't leave much of a lasting positive impact.At the same time, FIT stock seems fairly valued considering its reality as a niche consumer tech hardware maker. Going forward, there is upside potential on the data side of things, but that upside potential lacks clarity.All in all, then, the growth narrative here still remains more negative than positive, and that dynamic will ultimately prohibit FIT stock from staging a big turnaround.As of this writing, Luke Lango was long AMZN, WMT, TGT, and SHOP. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 9 Retail Stocks Goldman Sachs Says Are Ready to Rip * 7 Services Stocks to Buy for the Rest of 2019 * 6 Stocks to Buy and 1 to Sell Based on Insider Trading The post 8 Penny Stocks That Have Fallen From Grace appeared first on InvestorPlace.
- PR Newswire
Etsy to Participate at Upcoming Investor Conferences
BROOKLYN, N.Y. , Aug. 26, 2019 /PRNewswire/ -- Etsy, Inc. (Nasdaq: ETSY), the global marketplace for unique and creative goods, today announced participation in the below upcoming investor events. The ...
- ETF Trends
ETF of the Week: SoFi Gig Economy ETF (GIGE)
ETF Trends CEO Tom Lydon discussed the SoFi Gig Economy ETF (GIGE) on this week’s “ETF of the Week” podcast with Chuck Jaffe on the MoneyLife Show. GIGE seeks long-term capital appreciation by providing exposure to companies involved in the revolutionary shift towards a "gig" economy, a free-market system comprised of freelancers and shared resources, such as transport and real estate. As a relatively new fund, Lydon explained how the current trend of “gig” economy speaks to what that really is, which is essentially something on the side of what you do.
- Barrons.com
Buy Etsy and Wayfair Stocks Because They Are Bargains, Analyst Says
The e-commerce companies are poised to rise substantially after recent declines, according to Stifel’s Scott Devitt.
- MarketWatch
Etsy stock gains after Stifel upgrade
Shares of Etsy Inc. are up 3% in Thursday morning trading after Stifel analyst Scott Devitt upgraded the stock to buy from hold following a drop of about 20% since the company reported results at the beginning of the month. "We think concerns are transitory and would take advantage of the pullback in this emerging leader in third-party e-commerce," he wrote. " While we had been surprised at the strength and speed of the turnaround, we have been fans of the strategy throughout and feel now is a good time to put the appropriate rating on the business for the extensive improvements that have been built into the model to deliver over the long term." Shares are still up 14% so far this year, as the S&P 500 has added 17%.
- InvestorPlace
Macro-Headwinds Risk Ruining the Recipe for Blue Apron Stock
For meal-delivery service Blue Apron (NYSE:APRN), I'm going to loosen my usual uptight writing style and address this matter frankly: I have a love-hate relationship with APRN stock.For starters, you'd expect the underlying company to do well in this environment. Indeed, I'd argue that in this app-crazy world we're living in, you'd expect Blue Apron stock to skyrocket. In my opinion, the company combines the best of technology and tradition. It gives you the convenience of meal deliveries, while encouraging the family dinner custom.InvestorPlace - Stock Market News, Stock Advice & Trading TipsFurthermore, millennials love eating out. In my last write-up about Blue Apron stock, I questioned management's previous focus on targeting retirees. And it's not just an age thing. As I pointed out, millennials "have different expectations and desires."A prime example is the car culture. In every other generation, getting a car was a rite of passage. With millennials and the younger Generation Z, it's just not as important. Moreover, there's a reason for this trend. Companies like Uber Technologies (NYSE:UBER) and Lyft (NASDAQ:LYFT) are maximizing the potential of the on-demand sharing economy. * 10 Stocks Under $5 to Buy for Fall Logically, this dynamic should greatly benefit APRN stock. Millennials eschew cars but love wining and dining. Plus, they're big on delivery services. These points bolster the "love" part of my relationship with Blue Apron stock.So, what's the "hate" part? Just open up a chart of the Blue Apron stock price and you'll quickly see for yourself. On a year-to-date basis, shares have lost nearly 52% of their market value. And with the panicked situation we have in the markets, this service company just doesn't have the legs to compete.By way of comparison, another millennial food favorite -- Chipotle Mexican Grill (NYSE:CMG) -- has seen its shares skyrocket almost 90% in the same period. The Invesco Dynamic Food & Beverage ETF (NYSEArca:PBJ) has added almost 19% in 2019. CMG is the 10th-largest holding in the exchange-traded fund's 31 stock portfolio. APRN has yet to attract ETF interest. Bad Timing May Hurt Blue Apron StockAlthough APRN stock levers some fundamental advantages regarding consumer demographics and behaviors, their biggest problem is converting those advantages. This mismatch was on fully display for their second-quarter earnings results.On paper, it was a mixed report. Per-share profitability for Blue Apron stock came in at a loss of 59 cents. This was far better than consensus estimates calling for an earnings per share loss of $1.08.However, Q2 was really a devastating blow for the company. That's because revenue delivered badly missed the consensus target by more than 14%, at $119.2 million. Furthermore, the year-ago sales haul was $179.6 million. Unsurprisingly, management reported steep subscriber losses.However, what is surprising is that APRN stock took the bad news quite well. It jumped after the disclosure, although it has since declined. Still, after such poor results, APRN is "only" down about 12% since the Q2 disclosure.Under normal circumstances, that might give contrarians some confidence in Blue Apron stock. Because this is an incredibly volatile name, a 12% loss isn't too bad, relatively speaking.On another angle, the fact that millennials love the on-demand sharing economy suggests that this contrarian play is rational. And I'll be blunt: it would get me excited, too.However, we have one little problem. I just don't like the volatility that we saw in the broader markets. Most of that came about because of U.S.-China trade war tensions, which of course is a major worry. But I'm a bit more concerned about the tension between President Trump and the Federal Reserve. * 10 Best Dividend Stocks to Buy for the Rest of 2019 and Beyond Of course, Trump wants the Fed to do more. But I don't think the Fed can do anything. That signals to me that we're really headed toward a recession. And a recession does zero good for Blue Apron stock. A Very Limited Trading OpportunityBut with everything that I just said, it's not all bad news for APRN stock. As I discussed in my last article, Blue Apron brought in Linda Findley Kozlowski to head the company. Previously, Kozlowski was the COO of Etsy (NASDAQ:ETSY), another millennial and Gen Z fave.We have two takeaways here. First, Kozlowski knows e-commerce. She's also adept at engaging millennials, which is crucial for Blue Apron stock. And to top it off, she's proven capable of taking seemingly irrelevant markets -- Etsy specializes in homemade arts and crafts -- to the forefront.This should be a big advantage to Blue Apron. As far as I know, eating is a necessity. And cutting the time to prepare it is itself worth a premium.Perhaps this is the reason why Blue Apron stock apparently found a bottom in late June of this year. But as I mentioned above, we have macro-headwinds that can quickly sour consumer sentiment. Therefore, if you're going to gamble, do so in a narrowly defined period.For everyone else, it's time to shutter this investment. APRN badly missed both revenue and subscriber targets, which represent the lifeblood of a delivery-service company. And even if they didn't miss, we have a potential fiscal tsunami about to crash down on us.As of this writing, Josh Enomoto did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Cheap Dividend Stocks to Load Up On * The 10 Biggest Losers from Q2 Earnings * 5 Dependable Dividend Stocks to Buy The post Macro-Headwinds Risk Ruining the Recipe for Blue Apron Stock appeared first on InvestorPlace.
- Simply Wall St.
Etsy (NASDAQ:ETSY) Shareholders Have Enjoyed An Impressive 274% Share Price Gain
It might be of some concern to shareholders to see the Etsy, Inc. (NASDAQ:ETSY) share price down 20% in the last...
- PR Newswire
Etsy Completes Acquisition of Reverb, a Leading Online Marketplace for New, Used and Vintage Musical Instruments
BROOKLYN, N.Y., Aug. 15, 2019 /PRNewswire/ -- Etsy, Inc. (ETSY), the global marketplace for unique and creative goods, has completed its acquisition of Reverb Holdings, Inc., a privately held marketplace for new, used and vintage music gear for $275 million in cash, subject to certain adjustments with respect to cash, debt, working capital, transaction expenses and the value of equity awards granted in connection with the transaction. Josh Silverman, Chief Executive Officer of Etsy, commented, "We are excited to officially welcome Reverb's employees and the entire Reverb community to Etsy.
- Motley Fool
Why Etsy Is Cratering After Q2 2019, and Why Should Investors Stay the Course?
An acquisition and a deceleration in services revenue hold the key to understanding the short-termism regarding the e-commerce website.
