tsla

Etsy Stock Scores After Substantial Earnings Beat

The e-tailer has crafted an upswing to start 2020

Deputy Editor
Feb 27, 2020 at 10:34 AM
facebook X logo linkedin


Etsy Inc (NASDAQ:ETSY) announced its fourth quarter profits and the professional creatives have been in the money. Though the reported profits of 25 cents per share are 7 cents lower than the same quarter last year, Etsy out-shot Wall Street’s mean of expected profits of 16 cents per share. The reported revenue of $270.00 million beat out the estimated $264.92 million as well. The upbeat report has resulted in no fewer than five price-target hikes, including to $66 from $61 at Instinet. 

In response, the shares are up 11% today at $56.27. The e-tailer is on track to fill a late-October bear gap, and is up 26% year-to-date, impressive considering the broad market sell-off. Etsy stock had a brutal second half of 2019, culminating in an annual low of $39.76 on Dec. 5. However, in 2020, the stock has been steadily on an uptrend, toppling its 200-day moving average today for the first time since early August.

Despite the bull notes today, analysts have been bullish, with thirteen out of sixteen doling out “strong buy” or “buy” ratings. Plus, ETSY has outperformed the S&P 500 Index (SPX) by more than 17 percentage points during the past two months. 

A short squeeze could fuel additional gains. Short interest increased by 6.9% in the two most recent reporting periods, and accounts for a healthy 13% of ETSY's total available float, and 6.1 times the average daily trading volume.

 

Two High-Octane Trade Ideas. One Simple Goal: Intraday Profits.

Dynamite Day Trading Signals delivers two same-day options trades every week — powered by proprietary intraday analysis and 43+ years of trading expertise.

But this isn’t just another stream of alerts.

It’s a structured plan with clear entry and exit points – designed for traders who want to act fast, trade smart, and wrap up gains before the closing bell.

No guesswork. No overnight exposure – Just two well-researched setups per week — whether you prefer buying premium or selling it.

And the results speak for themselves: subscribers have locked in +245.8% total profit over the last six months (since inception!).

👉 Start your one-month trial now for just $10, and be ready for the next trade alert.