Schaeffer's Top Stock Picks for '25

Analysts Back Etsy Stock Despite Post-Earnings Drop

Calls have been popular among ETSY options traders

Managing Editor
Aug 2, 2019 at 9:48 AM
facebook X logo linkedin


Shares of small shops platform Etsy Inc (NASDAQ:ETSY) are sinking this morning, down 5.3% at $64.50, at last check. Despite reporting a second-quarter earnings beat of 14 cents per share, the company's revenue missed estimates. Analysts do not seem deterred, however, with no fewer than three price-target hikes and one bullish reiteration already on the books. 

Specifically, Loop Capital reiterated its "buy" rating and $80 price target, saying "improvements to the buyer experience and marketing investments should drive better customer growth and frequency in future periods, and [we] recommend that investors step into any weakness in the shares." Meanwhile, RBC, Wedbush, and Stifel raised their price targets to $63, $64, and $70, respectively. Coming into today, 10 of 15 covering analysts carried a "buy" or "strong buy" rating on Etsy stock.

Looking at options, data from the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) shows the security with a 10-day call/put volume ratio of 4.92 that ranks in the 78th percentile of its annual range. This means calls have been bought to open over puts at a quicker-than-usual clip of late.

On the charts, ETSY has spent the past few months bumping up against resistance in the $70 neighborhood. Emerging as support has been the rising 140-day moving average, though the shares are on pace to breach that trendline today. But despite this morning's plunge, ETSY remains 36% higher year-to-date.

 
 

You have the chance to join one of Bernie's most exclusive programs, complete access at HUGE savings!

As we prepare for a new administration to take the reins in Washington, the near-term market landscape is rife with uncertainty.

The Federal Reserve has already hinted at the turbulence ahead, lowering its interest rate outlook for 2025.

Meanwhile, breakthroughs in artificial intelligence (AI), quantum computing, and other transformative sectors have unlocked incredible profit potential.

But these opportunities are fleeting, and timing is everything. That's where Quick-Hit Trader comes in.

Quick-Hit Trader is designed for precision and speed, getting you in and out of the market in a flash. While other investors scramble to navigate volatile conditions, you'll have access to expertly curated trades that leverage these rapid shifts to deliver explosive profits in short order.

This is your chance to capitalize on the fast-moving market like never before. Are you ready to make your move?

 

 

(function(doc, script) { var js, fjs = doc.getElementsByTagName(script)[0], frag = doc.createDocumentFragment(), add = function(url, id) { if (doc.getElementById(id)) {return;} js = doc.createElement(script); js.src = url; id && (js.id = id); frag.appendChild( js ); }; // Google+ button //add('https://apis.google.com/js/platform.js', async="defer"); // Facebook SDK add('//connect.facebook.net/en_US/all.js#xfbml=1&appId=772755279557744', 'facebook-jssdk'); // Twitter SDK //add('//platform.twitter.com/widgets.js', charset='utf-8'); fjs.parentNode.insertBefore(frag, fjs); }(document, 'script'));