Etsy Stock Slides on Current-Quarter Forecast
ETSYEtsy(ETSY) Schaeffers Research·2024-02-23 00:07

Etsy Inc (NASDAQ:ETSY) is sliding after earnings, down 7.4% at $71.39 at last check. The online marketplace announced fourth-quarter earnings of 78 cents per share, in line with analyst expectations, and higher-than-anticipated revenue. However, the company also issued a weak first-quarter sales forecast due to weak demand. No fewer than 11 analysts cut their price targets after the event, though three chimed in with hikes. Since last February, ETSY is down 44.8%. The stock has had a fairly volatile start t ...