Etsy stock snaps seven days of losses

Etsy (NASDAQ:ETSY) shares traded in the green on Thursday, snapping seven consecutive days of losses. The stock closed up 0.28% at $60.43.

Etsy stock fell about 35.4% in the last 12 months. YTD, the stock is trading down 25%, compared to the broader S&P 500 market which is up 13.78%.

Looking at Seeking Alpha’s Quant Ratings, this company has a Hold rating with a score of 2.61 out of 5.

When it comes to Wall Street analysis, 14 out of 31 analysts recommend a Hold, 8 recommend a Strong Buy, 4 recommend a Buy and 5 recommend it as a Strong Sell.

According to SA analyst, Amrita Roy, “With Temu shifting its focus away from the US market, Etsy repositioning its brand by setting new creative standards and launching ad campaigns to attract buyers on the platform, and overall inflation declining, I believe that it sets the foundation in place for revenue and profitability to start to accelerate from their current levels.”

Seeking Alpha analysts have a Hold rating on the company.