Etsy (ETSY) shares snapped six straight sessions of losses, as the stock was up 3.5% at $45.89 on Wednesday.
The global online marketplace fell 19.5% in the preceding six sessions. The stock is down 26% over the past one month and has dropped over 17% so far this year.
Etsy is scheduled to announce Q4 earnings results on Thursday, February 19th, before market open.
“Etsy continues to face declining engagement and flat Gross Merchandise Sales, despite incremental improvements and a new CEO at the helm,” pointed out a recent Seeking Alpha analysis.
Looking at Seeking Alpha’s Quant Rating, ETSY has a Hold rating with a score of 2.9 out of 5. The company received an A- in the prospect of profitability, while it got a D in growth factor.
Turning to the Wall Street community, eight analysts gave ETSY a Buy and above rating. 22 analysts have given the stock a Hold recommendation, while two recommended Sell.
Seeking Alpha analysts are cautious and see the stock as a Hold.