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ETSY

Etsy

$41.19

-0.07 (-0.17%)

04:55
12/10/19
12/10
04:55
12/10/19
04:55

Etsy management to meet with Needham

Meeting to be held in New York on December 10 hosted by Needham.

  • 10

    Dec

ETSY Etsy
$41.19

-0.07 (-0.17%)

10/31/19
LOOP
10/31/19
NO CHANGE
Target $70
LOOP
Buy
Etsy price target lowered to $70 from $80 at Loop Capital
Loop Capital analyst Laura Champine lowered her price target on Etsy to $70 after its in-line Q3 results, saying the company is "working through implementation" of its latest initiatives that included free shipping, Etsy Ads and the Reverb acquisition. The analyst's updated model calls for higher sales but diluted profitability due to the Reverb acquisitions, adding that while its promoted listings program should boost its flexibility to distribute "seller dollars", the promotional budgets for sellers are not growing yet. Champine still keeps her Buy rating on Etsy and recommends that investors buy the weakness given its long-term growth prospects.
11/26/19
SBSH
11/26/19
NO CHANGE
SBSH
Buy
Etsy 19% selloff brings 'compelling buying opportunity,' says Citi
Shares of Etsy have fallen 19% since the company's Q3 results, Citi analyst Nicholas Jones tells investors in a research note. However, When backing out headwinds and contributions, Etsy's updated 2019 guidance implies in-line to slightly-better unit growth, adds the analyst. Further, he believes the company's free shipping initiative, Etsy Ads, and its focus on upper funnel marketing leave it in a "strong position" heading into the holiday season. As such, the reaction to Etsy's Q3 results is overblown and the current valuation provides a "compelling buying opportunity," contends Jones, who keeps a Buy rating on the shares.
12/05/19
MSCO
12/05/19
DOWNGRADE
Target $38
MSCO
Underweight
Etsy downgraded to Underweight from Equal Weight at Morgan Stanley
Morgan Stanley analyst Lauren Cassel downgraded Etsy to Underweight from Equal Weight with a price target of $38, down from $52. The analyst's analysis indicates that headwinds from new state sales tax legislation and Etsy pulling back on its investment in Product Listing Ads could more than offset the benefits of free shipping. Further, a shorter holiday calendar and algorithm changes are two other Q4 risks, Cassel tells investors in a research note. While the analyst likes Etsy's business model and "competitive moat," she now anticipates slowing core gross merchandise sales growth to result in negative sales and EBITDA revisions. This could drive further multiple compression even through Etsy shares are already down 25% quarter-to-date, contends Cassel. Her 2020 EBITDA estimate is now 7% below consensus.
12/05/19
12/05/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. F5 Networks (FFIV) double-downgraded to Underperform from Buy at BofA/Merrill with analyst Tal Liani warning about pressure on the company's revenue growth amid a "secular shift in demand from appliance-based Application Delivery Controllers to software and cloud-based solutions," which has weighed on pricing and also brought in competition from VMware (VMW), Amazon (AMZN), Google (GOOG) along with content delivery network providers like Akamai (AKAM). 2. Waters (WAT) downgraded to Neutral from Buy at BTIG with analyst Sun Ji Nam citing the 19% year-to-date run-up in the stock price and her lacking conviction on why the shares should trade at a premium relative to their peer group. 3. Etsy (ETSY) downgraded to Underweight from Equal Weight at Morgan Stanley with analyst Lauren Cassel saying her analysis indicates that headwinds from new state sales tax legislation and Etsy pulling back on its investment in Product Listing Ads could more than offset the benefits of free shipping. 4. At Home Group (HOME) downgraded to Market Perform from Outperform at William Blair with analyst Daniel Hofkin citing "limited visibility" following the company's guidance cut. 5. Discover (DFS) and Synchrony (SYF) were downgraded to Neutral from Buy at Nomura Instinet. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

SPOT

Spotify

$148.20

-3.59 (-2.37%)

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  • 05

    Feb

CE

Celanese

$117.54

-0.53 (-0.45%)

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  • 31

    Jan

BYND

Beyond Meat

$109.20

-1.16 (-1.05%)

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DBD

Diebold

$11.09

-0.49 (-4.23%)

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Breaking Periodicals news story on Diebold »

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IEF

iShares 7-10 Year Treasury Bond ETF

$111.28

-0.13 (-0.12%)

, SHY

iShares 1-3 Year Treasury Bond

$84.73

-0.005 (-0.01%)

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IEF

iShares 7-10 Year Treasury Bond ETF

$111.28

-0.13 (-0.12%)

SHY

iShares 1-3 Year Treasury Bond

$84.73

-0.005 (-0.01%)

SPY

SPDR S&P 500 ETF Trust

$331.98

1.08 (0.33%)

SLV

iShares Silver Trust

$16.82

0.04 (0.24%)

GLD

SPDR Gold Shares

$146.59

0.29 (0.20%)

FXE

Euro Currency Trust

$105.10

-0.43 (-0.41%)

03/08/13
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UBSFY

Ubisoft

$0.00

(0.00%)

17:32
01/17/20
01/17
17:32
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17:32
Periodicals
Ubisoft to restructure editorial team after difficult 2019, VGC reports »

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  • 17

    Jan

  • 18

    Feb

IMVT

Immunovant

$17.04

-0.01 (-0.06%)

17:27
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01/17
17:27
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17:27
Syndicate
Breaking Syndicate news story on Immunovant »

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TBLT

ToughBuilt

$0.33

-0.0255 (-7.11%)

17:20
01/17/20
01/17
17:20
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17:20
Syndicate
ToughBuilt files to sell common stock, no amount given »

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MYO

Myomo

$0.32

0.0062 (1.98%)

17:18
01/17/20
01/17
17:18
01/17/20
17:18
Conference/Events
Myomo to host special shareholder meeting »

Special Shareholder…

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  • 21

    Jan

SRRA

Sierra Oncology

$0.40

-0.02 (-4.76%)

17:14
01/17/20
01/17
17:14
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17:14
Conference/Events
Sierra Oncology to host virtual special shareholder meeting »

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  • 21

    Jan

SRNE

Sorrento Therapeutics

$4.26

-0.15 (-3.40%)

17:10
01/17/20
01/17
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17:10
Syndicate
Breaking Syndicate news story on Sorrento Therapeutics »

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AKER

Akers Biosciences

$3.45

-0.1 (-2.82%)

17:01
01/17/20
01/17
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Hot Stocks
Akers Biosciences reaches settlement agreements on two derivative actions »

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ECA

Encana

$4.09

-0.18 (-4.22%)

16:40
01/17/20
01/17
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Hot Stocks
Encana receives court approval for reorganization »

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  • 29

    Jan

MBRX

Moleculin Biotech

$0.96

0.0122 (1.29%)

16:38
01/17/20
01/17
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Syndicate
Breaking Syndicate news story on Moleculin Biotech »

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VOD

Vodafone

$20.07

-0.225 (-1.11%)

, BT

BT Group

$0.00

(0.00%)

16:37
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16:37
Periodicals
BT, Vodafone consider urging PM Johnson not to ban Huawei in U.K., Reuters says »

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VOD

Vodafone

$20.07

-0.225 (-1.11%)

BT

BT Group

$0.00

(0.00%)

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16:30
01/17/20
01/17
16:30
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Options
Preliminary option volume of 28.7M today »

Preliminary option volume…

NSCO

Nesco Holdings

$5.12

0.025 (0.49%)

16:26
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Syndicate
Nesco Holdings requests withdrawal of registration statement »

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GPS

Gap

$18.54

-0.075 (-0.40%)

, CMCSA

Comcast

$47.48

0.62 (1.32%)

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GPS

Gap

$18.54

-0.075 (-0.40%)

CMCSA

Comcast

$47.48

0.62 (1.32%)

CMCSK

Comcast

$0.00

(0.00%)

PLAY

Dave & Buster's

$47.35

5.3 (12.60%)

KKR

KKR

$31.20

0.7 (2.30%)

BA

Boeing

$324.11

-7.89 (-2.38%)

JNJ

Johnson & Johnson

$149.07

0.82 (0.55%)

SWK

Stanley Black & Decker

$172.63

2.18 (1.28%)

TWOU

2U

$22.84

1.05 (4.82%)

BE

Bloom Energy

$9.70

0.43 (4.64%)

MGPI

MGP Ingredients

$38.16

-14.74 (-27.86%)

FAST

Fastenal

$36.77

-0.55 (-1.47%)

03/08/13
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  • 17

    Jan

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    Jan

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    Jan

  • 29

    Jan

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    Jan

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    Jan

  • 26

    Feb

  • 27

    Feb

  • 09

    Mar

  • 17

    Mar

APLS

Apellis

$40.43

0.03 (0.07%)

16:18
01/17/20
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Apellis CEO sells 30.6K shares of common stock »

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

16:17
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NASDAQ market internals summary »

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$NYE

NYSE Market Internals

$0.00

(0.00%)

16:16
01/17/20
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NYSE market internals summary »

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16:15
01/17/20
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General news
Treasury Market Summary »

Treasury Market Summary:…

LGC

Legacy Acquisition Corp

$10.33

(0.00%)

16:08
01/17/20
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Legacy Acquisition Corp extends date to consummate proposed business combination »

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GNUS

Genius Brands

$0.33

-0.015 (-4.41%)

16:04
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Breaking Syndicate news story on Genius Brands »

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BBY

Best Buy

$90.21

1.28 (1.44%)

16:04
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Best Buy board opens investigation into CEO's personal conduct, WSJ says »

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