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Etsy, Inc. (ETSY) operates Etsy.com, a commerce platform to make, sell, and buy goods online and offline primarily in the United States, United Kingdom, Canada, Australia, France, and Germany.
It provides various seller services and tools that are designed to help entrepreneurs for starting, managing, and scaling their businesses.
The company offers approximately 50 million items across approximately 50 retail categories to buyers.
It also provides various seller services, including Etsy payments, a payment processing service; promoted listings, an on-site advertising service that allows sellers to pay for prominent placement of their listings in search results; shipping labels, which allows sellers in the United States and Canada to purchase discounted shipping labels; and pattern, a service that allows sellers to build custom Websites, as well as offers seller tools and education resources to manage the administrative side of their businesses.
Shares are heading higher in an upward trading channel. The lower bounary of the said channel coicides with the stock's 50-day moving average.
The company is scheduled to report its quarterly results on May 8th. The last report was a good one. On February 25th, Etsy (ETSY) reported 4th Quarter December 2018 earnings of $0.32 per share on revenue of $200.0 million. The consensus earnings estimate was $0.26 per share on revenue of $194.9 million. The company said it expects 2019 revenue of $779.0 million to $797.0 million. The current consensus estimate is revenue of $776.1 million for the year ending December 31, 2019.
Entry Point: $67.00
Stop Loss: $63.50
Trading Range: $28.08 - $73.35
Target Price: $73.70
ETSY closed at $53
