文章核心观点 - 高盛下调Etsy Inc(NASDAQ:ETSY)评级至"卖出",并将目标价从70美元下调至45美元 [1] - 分析师预计该电子商务股票将继续失去市场份额,因为面临更激烈的竞争 [1] 公司相关 - Etsy股价下跌39.3%,昨日创下4年多来新低48.06美元,目前低于20日至320日均线 [1] - 期权市场上,Etsy看涨期权交易量增加,10月52美元和55美元看涨期权最受关注 [1] - 空头头寸占Etsy可流通股的15%,需要4天才能完全平仓 [2]

Shares in this e-commerce company have languished since the pandemic's height. Will it ever recover to previous highs? The COVID-19 pandemic shut the world down, and lockdowns and movement restrictions boosted demand for stay-at-home activities. Online craft marketplace Etsy (ETSY -0.16%) was a natural beneficiary of this trend. Its stock price soared, with investors seeming to believe that the boom times would never end. Now, the company's price tag has dropped substantially -- potentially putting it on th ...

文章核心观点 - 电商公司Etsy股价今年下跌36%,被剔除出标准普尔500指数,转而纳入标准普尔小型股600指数 [1] - 尽管Etsy面临消费者支出压力和实体店竞争,但公司仍有良好的客户粘性和盈利能力 [2][3][4][5][6] - Etsy目前估值较低,是一个有潜力的长期投资机会 [7] 公司概况 - Etsy是一家连接手工品制造商和买家的在线市场平台 [1] - 公司采取轻资产的业务模式,专注于营销和使用人工智能提升平台效率,资产负债表健康 [5] - 公司拥有超过10亿美元现金,能够将90%的调整后EBITDA转化为自由现金流 [5] 客户粘性 - Etsy的活跃买家和习惯性买家数量保持在较高水平,客户留存率优于疫情前 [3] - 公司正在推出付费会员计划Etsy Insider,有望进一步提高客户忠诚度 [4] 财务表现 - 公司最新一季度调整后EBITDA超出预期28% [7] - 尽管短期内可能需要一定时间恢复,但Etsy的长期增长前景仍然看好 [7]

Buoyed by its unique goods, strong cash generation, and hefty share repurchases, Etsy looks to prove history right again. Usually, a company's deletion from the S&P 500 index makes it feel like a stock to avoid. However, a study from Research Affiliates analyzed stocks deleted from the S&P 500, Nasdaq-100, and Russell 2000 indexes and showed that the exact opposite may be the case. Running a backtest from 1991 to 2018, Research Affiliates found that stocks removed from the major indexes went on to outperfor ...

The market isn't enthused about Etsy right now. Investors have moved on from former growth stock Etsy (ETSY 2.49%). The niche e-commerce platform hasn't been able to keep up its pandemic-era growth, and although it's become more mainstream, it's struggling to grow. It was included in the S&P 500 index for the first time in 2020, smack in the middle of its highest growth period, but it was recently removed along with American Airlines and Bio-Rad Laboratories. Looking for an excellent alternative to Etsy? Co ...

This fallen angel is gaining the attention of contrarian investors. It has been a challenging time for investors in Etsy (ETSY -0.73%). The stock hit a multi-year low when the general market reached multiple all-time highs. Weak business performance and its recent removal from the S&P 500 index are critical drivers for its poor stock performance. Still, contrarian investors have started to pay attention to the stock as they look for opportunities to buy it cheaply. But is now a good time to load up on Etsy' ...

There's remarkable reason to believe this stock is set up for strong performance in coming years. In September 2020, e-commerce company Etsy (ETSY 7.56%) was included in the S&P 500 -- an index of about 500 of the biggest, most profitable U.S. companies. Indeed, 2020 was a bumper year for the company, with revenue more than doubling from 2019. The booming business earned about $350 million in net income from the year, which is likely why it was deemed a good candidate for the S&P 500. According to a recent ...

Sladic/E+ via Getty Images Risk-Reward Favorable How you view Etsy, Inc. (NASDAQ:ETSY) depends on your perspective. It's easy to look at the recent past and see lackluster growth since the 2021 pandemic burst. Furthermore, the firm made a terrible acquisition of Depop at the peak of the resale/online spending craze. Etsy stock has fallen so much, it was recently removed from the S&P 500. However, I think the lack of business momentum is more than priced into the stock. The cheap valuation and heightened sto ...

Etsy is reportedly aiming for "tremendous" growth opportunities by deploying free shipping and other new initiatives. CEO Josh Silverman and Chief Financial Officer Rachel Glaser said at a conference that Etsy seeks to distinguish itself from rivals like Amazon, Seeking Alpha reported Tuesday (Sept. 10). One of the company's recently launched initiatives is Etsy Insider, a paid subscription that will provide free shipping to members, according to the report. Other new efforts include an Etsy Gift Mode that ...

会议主要讨论的核心内容 - Etsy是一家领先的电子商务平台,在过去7年里实现了大规模增长,从2017年的33亿美元GMV增长到2023年的120亿美元GMV [5][6] - 公司专注于提供独特、个性化的商品,与同质化的电商产品形成差异化 [5][6] - 公司正在持续优化搜索体验,提升商品质量,提高可靠性和价值感,以增强客户体验 [8][9] - 公司看好礼品市场的巨大机会,正在大力投入礼品业务,并取得了良好进展 [13][15] - 公司正在推出会员计划"Etsy Insider",希望通过提供免运费等优惠来提高客户粘性和复购率 [17][18] - 公司正在大力投资移动应用,希望提高移动端用户的参与度和活跃度 [19][20] 问答环节重要的提问和回答 - 分析师询问公司在国际市场的进展,公司表示正在通过跨境合作等方式拓展国际业务,但受到宏观环境的一定影响 [21][22] - 分析师询问公司的长期增长空间,公司表示市场空间巨大,有很大的增长潜力,并将继续投资产品、营销、技术等方面以推动增长 [23][24][31] - 分析师询问公司面临的竞争压力,公司表示虽然有新竞争对手出现,但公司的差异化定位和品牌优势仍然明显 [25][26] - 分析师询问公司的资本配置策略,公司表示会继续进行适度的股票回购,同时将资本主要投入到业务发展中 [34][35]