For today’s bulletin, we take a look at ETSY $ETSY. We also provide a link to download a FREE STOCK REPORT on the company.
VALUATION WATCH: Overvalued stocks now make up 52.98% of our stocks assigned a valuation and 21.39% of those equities are calculated to be overvalued by 20% or more. Twelve sectors are calculated to be overvalued.
For today’s edition of our upgrade list, we used our website’s advanced screening functions to search for UPGRADES to BUY or STRONG BUY with complete forecast and valuation data. They are presented by one-month forecast return. Arqule and ETSY are rated STRONG BUY. The rest of our upgrades for today are rated BUY.
| Ticker | Company Name | Market Price | Valuation | Last 12-M Return | 1-M Forecast Return | 1-Yr Forecast Return | P/E Ratio | Sector Name |
| ARQL | ARQULE INC | 5.2 | 193.23% | 336.97% | 1.31% | 15.75% | N/A | Medical |
| ETSY | ETSY INC | 32.92 | 27.08% | 143.13% | 1.09% | 13.12% | 75.39 | Computer and Technology |
| TXMD | THERAPEUTICS MD | 6.59 | 6.54% | 58.41% | 0.80% | 9.58% | N/A | Medical |
| MLAB | MESA LABS INC | 192.99 | 29.07% | 15.56% | 0.56% | 6.66% | 50.41 | Medical |
| CMRE | COSTAMARE INC | 7.65 | 134.56% | 16.08% | 0.53% | 6.30% | 12.75 | Transportation |
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Etsy, Inc. (ETSY) offers e-commerce services. It provides online and offline marketplaces to buy and sell goods. The company’s product include art, home and living, mobile accessories, jewelry, wedding, and others. It operates primarily in Berlin, Germany, Dublin, Ireland, Hudson, New York, London, United Kingdom, Melbourne, Australia, Paris, France, San Francisco, California and Toronto, Canada. Etsy, Inc. is headquartered in Brooklyn, New York.
Etsy has been on a run lately, with the stock up almost 5% over the past 30 days and hitting a new 52-week high this week. For the year, the shares are up more than 60%.
The company posted decent results last month, with Q1 total revenue of $120.9 million, up 24.8% year-over-year, driven by growth in both Marketplace and Services revenue. Marketplace revenue grew 24.7% year-over-year, driven by growth in Etsy Payments. Services revenue grew 35.0% year-over-year, driven primarily by revenue growth in Promoted Listings, and, to a lesser extent, Etsy Shipping Labels.
Gross profit for the first quarter of 2018 was $79.6 million , up 27.9% year-over-year and gross margin was 65.8%, up 160 basis points compared with 64.2% in the first quarter of 2017. Net income for the first quarter of 2018 was $13.0 million , with diluted earnings per share of $0.10 , compared with a net loss of $0.4 million and a net loss per share of $0.00 in the first quarter of 2017.
ValuEngine updated its recommendation from BUY to STRONG BUY for ETSY INC on 2018-06-05. Based on the information we have gathered and our resulting research, we feel that ETSY INC has the probability to OUTPERFORM average market performance for the next year. The company exhibits ATTRACTIVE Momentum and Company Size.
You can download a free copy of detailed report on Etsy, Inc. (ETSY) from the link below.
| ValuEngine Forecast | ||
| Target Price* |
Expected Return |
|
|---|---|---|
| 1-Month | 33.28 | 1.09% |
| 3-Month | 33.53 | 1.85% |
| 6-Month | 34.61 | 5.13% |
| 1-Year | 37.24 | 13.12% |
| 2-Year | 36.76 | 11.67% |
| 3-Year | 35.98 | 9.29% |
| Valuation & Rankings | |||
| Valuation | 27.08% overvalued | Valuation Rank(?) | 16 |
| 1-M Forecast Return | 1.09% | 1-M Forecast Return Rank | 99 |
| 12-M Return | 143.13% | Momentum Rank(?) | 98 |
| Sharpe Ratio | 0.22 | Sharpe Ratio Rank(?) | 64 |
| 5-Y Avg Annual Return | 12.14% | 5-Y Avg Annual Rtn Rank | 78 |
| Volatility | 54.38% | Volatility Rank(?) | 30 |
| Expected EPS Growth | 0.00% | EPS Growth Rank(?) | 19 |
| Market Cap (billions) | 3.68 | Size Rank | 77 |
| Trailing P/E Ratio | 75.39 | Trailing P/E Rank(?) | 34 |
| Forward P/E Ratio | 75.39 | Forward P/E Ratio Rank | 5 |
| PEG Ratio | n/a | PEG Ratio Rank | n/a |
| Price/Sales | 7.91 | Price/Sales Rank(?) | 15 |
| Market/Book | 10.77 | Market/Book Rank(?) | 14 |
| Beta | 0.41 | Beta Rank | 65 |
| Alpha | 0.83 | Alpha Rank | 97 |
DOWNLOAD A FREE SAMPLE OF OUR ETSY (ETSY) REPORT BY CLICKING HERE
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Steve Hach
Senior Editor
ValuEngine.Com