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ETSY

Etsy

$42.45

0.88 (2.12%)

07:32
08/07/18
08/07
07:32
08/07/18
07:32

Technical Take: Etsy hits new life high after results, analyst action

The company reported better than expected results last night after the close, sending the stock into new life high territory. In the pre-market the shares were last up over 10.3% to $46.83. Without established resistance, a run to the $47.50-$50 area has opened up. Support is at the prior high at $45.88. As previously reported, Loop Capital set its new price target on the shares at $55.

  • 07

    Aug

  • 08

    Aug

  • 04

    Sep

ETSY Etsy
$42.45

0.88 (2.12%)

06/21/18
KEYB
06/21/18
NO CHANGE
KEYB
Supreme Court ruling negative for Wayfair, eBay and Etsy, says KeyBanc
After the Supreme Court ruled that states can require online merchants to collect sales taxes, KeyBanc analyst Edward Yruma called the ruling a negative for Wayfair (W), arguing that it may reduce some of the price differential that has helped it gain share from traditional peers. The ruling is also a negative, but to a lesser degree, for eBay (EBAY) and Etsy (ETSY), said Yruma, who views the impact on those two as more related to compliance and implementation. He adds that the news could be a modest positive for retailers of high-ticket and branded products, such as Best Buy (BBY), Home Depot (HD), Lowe's (LOW), La-Z-Boy (LZB), Kirkland's (KIRK), RH (RH) and Williams-Sonoma (WSM).
06/22/18
LOOP
06/22/18
NO CHANGE
LOOP
SCOTUS decision will not have large online retailer impact, says Loop Capital
Loop Capital analyst Laura Champine notes that yesterday's decision by the U.S. Supreme Court to overrule the 1992 Quill v. North Dakota which restricted states from requiring sales tax collection from businesses clears the way for states to require online merchants to collect sales tax from customers. The analyst believes however that any financial impact on the online retailers from this decision will be negligible and recommends that investors buy into any related weakness on Amazon (AMZN), Etsy (ETSY), and Wayfair (W).
07/16/18
JMPS
07/16/18
NO CHANGE
JMPS
Market Perform
Etsy comments hint at possible competitive moat for Avalara, says JMP Securities
After reviewing the South Dakota v. Wayfair Supreme Court opinion and some of the related Amicus Curiae briefs, JMP Securities analyst Patrick Walravens highlighted a comment from Etsy's (ETSY) brief that concluded that "given this complexity [of mapping thousands of tax codes to millions of unique products], it is doubtful that a software fix ever can be developed." Rather than doubting that a software solution can ever be developed, Walravens said he views the complexity referenced by Etsy as the market opportunity and potential competitive moat for Avalara, he tells investors. Still, Walravens believes Avalara is currently fairly valued and maintains his Market Perform rating on the shares.
08/06/18
LOOP
08/06/18
NO CHANGE
Target $55
LOOP
Buy
Etsy price target raised to $55 from $50 at Loop Capital
Loop Capital analyst Laura Champine raised her price target on Etsy (ETSY) to $55 and kept her Buy rating after its Q2 earnings beat and raised guidance. The analyst notes that while the stock price has already doubled year-to-date, its positive momentum is likely to continue after another update forecasting continued revenue growth. Champine also believes that her revenue growth forecasts may prove to be conservative, as Etsy's holiday promotional activity later this year is likely to increase seller count. The analyst contends that Etsy's seller fees at 5% are also an "excellent value" relative to eBay's (EBAY) 10% and Amazon's (AMZN) 15%.

TODAY'S FREE FLY STORIES

TCEHY

Tencent

$0.00

(0.00%)

, SPOT

Spotify

$129.73

2.99 (2.36%)

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Periodicals
Tencent Music Entertainment could push IPO until 2019, Reuters reports »

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Tencent

$0.00

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SPOT

Spotify

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2.99 (2.36%)

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UAL

United Continental

$91.76

-0.33 (-0.36%)

06:36
11/21/18
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06:36
Periodicals
United wins victory in Newark Airport fee dispute, WSJ reports »

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BGNE

BeiGene

$125.87

1.5 (1.21%)

06:36
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11/21
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NMHLY

NMC Health

$0.00

(0.00%)

06:34
11/21/18
11/21
06:34
11/21/18
06:34
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NMC Health rating change  »

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ADI

Analog Devices

$89.12

3.57 (4.17%)

06:33
11/21/18
11/21
06:33
11/21/18
06:33
Recommendations
Analog Devices analyst commentary  »

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  • 26

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AAPL

Apple

$177.10

-8.7 (-4.68%)

06:32
11/21/18
11/21
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06:32
Periodicals
Apple in talks to provide veterans access to electronic health records, WSJ says »

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  • 04

    Dec

SWGAY

Swatch Group

$0.00

(0.00%)

06:31
11/21/18
11/21
06:31
11/21/18
06:31
Downgrade
Swatch Group rating change  »

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SWGAY

Swatch Group

$0.00

(0.00%)

06:31
11/21/18
11/21
06:31
11/21/18
06:31
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Swatch Group rating change  »

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DXCM

DexCom

$119.89

-1.34 (-1.11%)

, GOOG

Alphabet

$1,026.00

7 (0.69%)

06:28
11/21/18
11/21
06:28
11/21/18
06:28
Recommendations
DexCom, Alphabet, Alphabet Class A analyst commentary  »

Amended Verily agreement…

DXCM

DexCom

$119.89

-1.34 (-1.11%)

GOOG

Alphabet

$1,026.00

7 (0.69%)

GOOGL

Alphabet Class A

$1,031.22

4.99 (0.49%)

03/08/13
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JD

JD.com

$19.49

-1.6 (-7.59%)

06:26
11/21/18
11/21
06:26
11/21/18
06:26
Periodicals
JD.com 'Singles Day' fueled by illegal student labor, FT reports »

Over 100,000 employees…

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BBY

Best Buy

$63.54

1.35 (2.17%)

06:26
11/21/18
11/21
06:26
11/21/18
06:26
Upgrade
Best Buy rating change  »

Best Buy upgraded to…

03/08/13
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  • 05

    Dec

DE

Deere

$138.49

-4.04 (-2.83%)

06:21
11/21/18
11/21
06:21
11/21/18
06:21
Hot Stocks
Breaking Hot Stocks news story on Deere »

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  • 21

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LOW

Lowe's

$86.15

-5.19 (-5.68%)

, HD

Home Depot

$169.17

-4.45 (-2.56%)

06:21
11/21/18
11/21
06:21
11/21/18
06:21
Downgrade
Lowe's, Home Depot rating change  »

Lowe's downgraded to…

LOW

Lowe's

$86.15

-5.19 (-5.68%)

HD

Home Depot

$169.17

-4.45 (-2.56%)

03/08/13
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BJ

BJ's Wholesale

$19.85

-0.22 (-1.10%)

06:21
11/21/18
11/21
06:21
11/21/18
06:21
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BJ's Wholesale analyst commentary  »

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DNSKY

Danske Bank

$0.00

(0.00%)

06:21
11/21/18
11/21
06:21
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06:21
Periodicals
Danske Bank faces money laundering lawsuit, FT reports »

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CMCO

Columbus McKinnon

$34.04

-0.56 (-1.62%)

06:21
11/21/18
11/21
06:21
11/21/18
06:21
Conference/Events
Columbus McKinnon management to meet with Craig Hallum »

Meeting to be held in…

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  • 27

    Nov

DFS

Discover

$68.27

-1.315 (-1.89%)

06:19
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Discover's Diners partners with Brazil's Elo to launch Elo Diners Club cards »

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EMES

Emerge Energy

$2.73

0.03 (1.11%)

06:17
11/21/18
11/21
06:17
11/21/18
06:17
Recommendations
Emerge Energy analyst commentary  »

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DE

Deere

$138.49

-4.04 (-2.83%)

06:17
11/21/18
11/21
06:17
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06:17
Hot Stocks
Deere CEO says company has 'continued to face cost pressures for raw materials' »

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  • 21

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CLGX

CoreLogic

$39.31

-0.32 (-0.81%)

06:16
11/21/18
11/21
06:16
11/21/18
06:16
Conference/Events
CoreLogic management to meet with SunTrust »

Meeting to be held in the…

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  • 27

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DE

Deere

$138.49

-4.04 (-2.83%)

06:15
11/21/18
11/21
06:15
11/21/18
06:15
Hot Stocks
Deere sees FY19 CapEx approximately $1.15B 

Up from $893M in FY18.

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  • 21

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DE

Deere

$138.49

-4.04 (-2.83%)

06:14
11/21/18
11/21
06:14
11/21/18
06:14
Earnings
Deere sees FY19 net income approximately $3.6B »

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NSANY

Nissan

$0.00

(0.00%)

, RNSDF

Renault

$0.00

(0.00%)

06:13
11/21/18
11/21
06:13
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06:13
Periodicals
Japan calls for stable alliance among Nissan, Renault, Mitsubishi, Reuters says »

Japan's Chief…

NSANY

Nissan

$0.00

(0.00%)

RNSDF

Renault

$0.00

(0.00%)

MMTOF

Mitsubishi Motors

$0.00

(0.00%)

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EIX

Edison International

$52.80

-1.21 (-2.24%)

06:13
11/21/18
11/21
06:13
11/21/18
06:13
Upgrade
Edison International rating change  »

Edison International…

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DE

Deere

$138.49

-4.04 (-2.83%)

06:12
11/21/18
11/21
06:12
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06:12
Earnings
Deere sees FY19 equipment revenue up about 7%, consensus $36.04B »

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