Etsy (NASDAQ:ETSY) shares snapped six straight sessions of gains as the stock closed 2.63% lower at $68.25 on Thursday.
The company gained over 24.5% in the preceding six sessions. The stock has gained more than 30% so far this year, compared to nearly 8% rise in the broader S&P 500 Index.
ETSY is up nearly 20% over the past one month. The stock closed 5.41% higher on Wednesday at $70.09.
Looking at Seeking Alpha’s Quant Rating, ETSY has a Hold rating with a score of 3.06 out of 5. The company received A in the prospect of profitability and momentum, but the rating was dragged down due to a D+ in revisions and a D grade in valuation and growth.
In the Wall Street community, nine out of 31 analysts gave MRVL a Buy and above. 20 analysts have given the stock a Hold recommendation, and two analysts recommended Strong Sell or lower.
Seeking Alpha analyst Gary Alexander rated the stock as Sell, highlighting that the company faces headwinds from a tougher macro environment, increased competition, and a significant debt load, making recovery unlikely soon.
“Aggressive marketing spend has failed to reverse shrinking buyer and seller bases, leading to deteriorating profitability and margin compression,” added Alexander.
Seeking Alpha analysts recommended Sell rating for ETSY.