ETSY Stock Recent News

Etsy was a highly popular website for handmade goods during the pandemic. But the stock was just hit with a prognosticator's downgrade this past week.

Analysts upgraded one e-commerce stock and downgraded the other in a Thursday report.

Morgan Stanley says investors should buy eBay and short Etsy in a call on the $1.1 trillion U.S. e-commerce market.

In the closing of the recent trading day, Etsy (ETSY) stood at $67.49, denoting a -1.27% change from the preceding trading day.

Macro headwinds and changing consumer behavior have negatively affected Etsy's growth. Yet, investors will appreciate the consistent profitability this business has been able to show.

Etsy (ETSY) concluded the recent trading session at $68.41, signifying a +1.06% move from its prior day's close.

These former growth stock favorites have been volatile recently. Pinterest is reporting favorable growth figures again, and building a competitive edge in the advertising space.

Etsy's stock price has reversed its recent rally and is now trading at a relatively low valuation compared to its historical norm and other growth stocks. The company's supply trends remain strong, with an expected increase in sellers on the platform, while traditional retailers face negative headwinds. Etsy has a solid balance sheet and strong cash flow and is aggressively buying back its shares, improving shareholder value.

Etsy isn't growing as fast as it used to, especially when compared with the early pandemic years. However, the company's top line has improved substantially over the long run.

The latest trading day saw Etsy (ETSY) settling at $64.98, representing a -0.88% change from its previous close.