ETSY - Etsy, Inc.
| Previous Close | 52.61 |
| Open | 53.48 |
| Bid | 51.27 x 1100 |
| Ask | 54.44 x 1300 |
| Day's Range | 51.49 - 53.53 |
| 52 Week Range | 38.02 - 73.35 |
| Volume | 2,869,788 |
| Avg. Volume | 2,515,425 |
| Market Cap | 6.313B |
| Beta (3Y Monthly) | 0.54 |
| PE Ratio (TTM) | 61.01 |
| 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 | 76.14 |
- 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.
- SAY
How Giving Rural America Better Internet Could Boost Online Business For Everyone
While it seems like everyone and their grandparents is on the internet these days, there are still many rural areas in America that don’t have broadband access. But, as ever, Presidential candidate and Senator Elizabeth Warren has a plan for that. Broad City Warren’s plan would grant $85 billion in federal money to subsidize the building of broadband networks in underserved rural areas. The law would also protect local governments’ rights to build their own broadband networks rather than rely on private services, and would prioritize non-profit organizations, while also insisting the companies subsidize their services for low-income households. Access Tonight According to the FCC, around 39 percent of Americans in rural areas don’t have access to high-speed internet, compared to 1.5 percent of Americans in urban areas. Getting an area wired is expensive, and major internet service providers like AT&T; and Comcast, don’t have a financial incentive to invest infrastructure in sparsely populated areas. But studies have shown that internet access is a boon to rural areas. As Senator Bernie Sanders noted in his similar proposal to bring broadband to rural communities, strong access across the country is necessary for a community’s job growth, as well as for improving education and health care services. The Big Country Greater broadband access will benefit online businesses, as consumers who’ve been hearing about, say, Netflix, will possibly be able to try it out. It will also help remembers of the community to start more online businesses—as the online-craft store ETSY has noted, 28% of their sellers reside in rural areas. On The Line Vice President Joe Biden has also pledged $20 billion towards the effort, and Senators Sanders and Amy Klobuchar have also pledged to guarantee broadband access for all Americans, but neither have introduced a plan as extensive as Warren’s. -Michael Tedder Photo by Elizabeth Frantz/REUTERS
- Benzinga
Etsy CEO: Q2 Was A 'Breakthrough' Quarter
Etsy showed a miss on the revenue line while revenue growth on a year-over-year base decelerated from 40% in the first quarter to 37% in the second quarter. Beyond the headline numbers, Etsy's fundamentals remained strong, Silverman said during Cramer's "Mad Money" show Tuesday evening. Investors will ultimately view the earnings report as a key point in the company's history as management announced multiple initiatives to support growth.
- TheStreet.com
Etsy Could Be 'On Sale' for a While
For his "Executive Decision" segment, Jim Cramer spoke with Josh Silverman, CEO of Etsy Inc. , a stock that plunged more than 18% this week after the company reported earnings in the middle of the market slide. Silverman said despite the stock market's reaction, Etsy had a terrific quarter and is seeing solid growth thanks to new initiatives that are helping bring even more buyers and sellers together. Free shipping is now expected by many buyers, Silverman said, and Etsy is helping to make that standard for all 2.3 million Etsy sellers.
- Thomson Reuters StreetEvents
Edited Transcript of ETSY earnings conference call or presentation 1-Aug-19 9:00pm GMT
Q2 2019 Etsy Inc Earnings Call
- Simply Wall St.
Is Etsy, Inc.’s (NASDAQ:ETSY) 12% ROCE Any Good?
Today we'll look at Etsy, Inc. (NASDAQ:ETSY) and reflect on its potential as an investment. In particular, we'll...
- Investor's Business Daily
Dow Jones Crashes 707 Points During Trump Tweet-Fueled Week
Key market indexes saw big weekly losses as President Trump continued to make waves with his tweets. The Dow Jones industrials dived as much as 334 points Friday.
- PR Newswire
Etsy to Participate at Upcoming Investor Conferences
BROOKLYN, N.Y. , Aug. 2, 2019 /PRNewswire/ -- Etsy, Inc. (Nasdaq: ETSY), the global marketplace for unique and creative goods, today announced participation in the below upcoming investor events. The following ...
- Benzinga
Analysts Craft Mixed Response To Etsy's Earnings
Etsy reported gross merchandise sales (GMS) growth of 21% in the second quarter, which beat estimates of 19% due to successful marketing and product initiatives, Stifel's Scott Devitt wrote in a note. Etsy's mixed report also includes encouraging signs its marketing spend is seeing signs of success, Wedbush's Ygal Arounian said. In fact, GMS per active buyer rose 1.9% on a two-year stacked rate and hit the $100 milestone for the first time ever in the second quarter.
- InvestorPlace
6 Top Stock Trades for Monday: X, APHA, XOM, ETSY
Volatility remains elevated, with the VIX hovering near $20 going into the weekend. Investors are torn between bidding up stocks as the Federal Reserve turns dovish, and selling equities as trade-war worries intensify. Let's look at a few top stock trades for next week.Some of these setups will be "short and sweet" because I wanted to get more stocks into this column thanks to the wild moves and as earnings reports continue to come through. Top Stock Trades for Tomorrow 1: Exxon MobilInvestorPlace - Stock Market News, Stock Advice & Trading TipsFor Exxon Mobil (NYSE:XOM), shares are under pressure after posting its second-quarter earnings results. Above is a weekly chart of the stock, highlighting its two ranges. Generally speaking, $82-$83 has been range resistance and $70-$71 has been range support. * 8 of the Most Shorted Stocks in the Markets Right Now Bulls looking for a long position can buy into support and use a close below $69 as their stop-loss. Top Stock Trades for Tomorrow 2: ChevronThe two usually report at the same time, and like XOM, Chevron (NYSE:CVX) is also trading lower on the day too.Also a weekly chart, resistance is clearly marked at $126 to $127. Uptrend support has been in play for three years, with the one exception being December 2018 when the markets were in free-fall.It coincides with the 50-week moving average at $117.09. A break below $115 negates the long setup, but bulls have a reasonable risk/reward on a slightly further decline. Top Stock Trades for Tomorrow 3: AphriaShares of Aphria (NYSE:APHA) are soaring on Friday, up about 40% at one point. The setup is deadly close to the trade we laid out a few weeks ago. We asked, will Aphria stock stock fall to $5?After collapsing to $5.02, the answer essentially turned out to be, "yes." However, we said to negate the descending triangle, a bearish setup, we would need to see shares hurdle downtrend resistance (blue line) and the 50-day moving average.The stock is doing just that on Friday. Up more than 30% makes it a tough buy, but so long as it maintains above the 50-day and ~$6.30, bulls are back in control. Top Stock Trades for Tomorrow 4: Arista NetworksArista Networks (NASDAQ:ANET) is getting hammered on earnings, falling more than 11% to $241. Shares are approaching make-or-break territory here in the short term.$240 has been a significant level in 2019, while the 61.8% retracement sits at $242.What was an after-hours winner is now a regular-hours loser. Should $240 to $242 fail as support, which seems likely should the market's selling pressure keep up, the year's $232.30 lows are on watch. Below that and the $210 to $214 area is on watch.On the upside, see if ANET can reclaim the 50-day and 200-day moving averages, at $260.19 and $256.44, respectively. Top Stock Trades for Tomorrow 5: EtsyShares of Etsy (NASDAQ:ETSY) are down more than 10% on Friday after reporting earnings. Resistance at $71 held firm, while ETSY gapped below and then failed to reclaim the 20-day and 50-day moving averages in its morning rally.Uptrend support (blue line) failed as support, too. A test of the 200-day seems like a reasonable assumption now, at $59.08.$58 was resistance in Q4 and support in 2019. A close below this would be a reasonable stop-loss for those looking to initiate a new position in Etsy stock on Friday's decline. Top Stock Trades for Tomorrow 6: U.S. SteelFailing to hold $13.25 would be disappointing for U.S. Steel (NYSE:X) shareholders. Below Friday's low of $13.05 could trigger a decline down the May lows below $12. * 7 A-Rated Stocks Under $10 If $13.25 holds as support, see if X can reclaim prior uptrend support (blue line) and the 50-day moving average at $14.30. If it can reclaim this area, the 20-day at $14.80 is the next upside target to watch, with $15.75 resistance above that.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell is long ANET. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 8 of the Most Shorted Stocks in the Markets Right Now * 7 Charts That Should Concern Marijuana Stock Investors * 8 Monthly Dividend Stocks to Buy for Consistent Income The post 6 Top Stock Trades for Monday: X, APHA, XOM, ETSY appeared first on InvestorPlace.
Motley FoolEtsy Inc (ETSY) Q2 2019 Earnings Call Transcript
ETSY earnings call for the period ending June 30, 2019.
- Investor's Business Daily
Dow Jones Falls On July Jobs Report; Square Stock Crumbles On Earnings
The stock market was squarely lower Friday morning. The Nasdaq fell nearly 1%. Square stock crumbled after its earnings results.
- Barrons.com
Etsy Stock Falls After It Trims Its Profit Outlook
Etsy fell early Friday after the company reported quarterly earnings that beat Wall Street’s expectations but scaled back its forecast of earnings.
- Barrons.com
The Dow Is Lower as Trade Worries Fester and the Jobs Report Didn’t Register
A fresh salvo in the trade war was still weighing heavily on investors’ minds, and after the news sunk stocks on Thursday markets seemed in little mood for optimism this morning. A tame jobs report didn’t move the needle much.
- Motley Fool
Etsy Earnings: Gross Merchandise Sales Volume Accelerates
Marketing investments and improvements to its online marketplace are driving impressive growth in Etsy's active buyers, active sellers, and gross merchandise volume.
- TheStreet.com
Etsy Shares Slide on Second-Quarter Revenue Miss
Etsy is falling after the online marketplace misses Wall Street's second-quarter revenue expectations.
- Zacks
Etsy (ETSY) Meets Q2 Earnings Estimates
Etsy (ETSY) delivered earnings and revenue surprises of 0.00% and -0.81%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?
- Investor's Business Daily
Etsy Earnings Top Analyst Estimates But Revenue Falls Short
Etsy earnings beat Wall Street estimates for its second quarter but fell short on revenue, for the arts and crafts retailer. Etsy stock initially dropped in late trading, then reversed.
- MarketWatch
Etsy stock falls after earnings
Etsy Inc. shares declined more than 5% in extended trading Thursday after an earnings report that showed net revenue a little lighter than analysts expected. The e-commerce company reported earnings of $18.2 million, or 14 cents a share, on sales of $181.1 million, up from profit of 3 cents a share on sales of $132.4 million a year ago. Analysts on average expected Etsy to report earnings of 13 cents a share on sales of $183.1 million, according to FactSet. Etsy increased its revenue guidance for the year despite the sales miss, adding $12 million to its previous guidance range; Etsy now expects annual net revenue of $797 million to $809 million. Etsy's stock has enjoyed a massive rebound in the past two years after struggling to begin its time on the public markets. Shares gained 65.3% in the past 12 months, as the S&P 500 index has gained 5.9%.
- PR Newswire
Etsy, Inc. Reports Second Quarter 2019 Financial Results
Reports Year-Over-Year GMS Growth of 21.4%; Revenue Growth of 36.8% Raises Full-Year Guidance for GMS and Revenue Growth BROOKLYN, N.Y. , Aug. 1, 2019 /PRNewswire/ -- Etsy, Inc. (NASDAQ: ETSY), the global ...
- Zacks
Fed Cuts Rates, Q2 Earnings Season Overview & Why Chegg (CHGG) Stock is a Strong Buy | Free Lunch
On today's episode of Free Lunch here at Zacks, which is back by popular demand, Associate Stock Strategist Ben Rains discusses the Federal Reserve's rate cut, U.S.-China trade talk updates, and much more.
- Barrons.com
Etsy Reports Earnings Today. Here’s What to Expect.
Etsy recently announced it would be encouraging merchants to offer free shipping, saying it would boost items that do so in search results. It also acquired a digital musical-instrument marketplace it said it intended to operate as a stand-alone business.
