Etsy, Inc., together with its subsidiaries, operates two-sided online marketplaces that connect buyers and sellers worldwide. The company operates through three segments: Etsy, Reverb, and Depop. It primarily operates Etsy marketplace that connects artisans and entrepreneurs with various consumers. The company also offers Reverb, a musical instrument marketplace; and Depop, a fashion resale marketplace. In addition, it provides marketplace activities, including transaction offsite advertising, payments processing, and listing fees, as well as from optional seller services, which include on-site advertising and shipping labels. Further, the company offers Etsy Search Visibility Page that is designed to give sellers more agency and control over their businesses; Etsy Purchase Protection program that is designed to help buyers; and Etsy Share & Save program for sellers to save on Etsy fees for sales that drive to their Etsy shop from their own channels, as well as educational resources. The company was formerly known as Indieco, Inc changed its name to Etsy, Inc. in June 2006. Etsy, Inc. was founded in 2005 and is headquartered in Brooklyn, New York.
Future Trajectory | Analysts project modest GMS growth acceleration through 2025, with price targets ranging from $43 to $65, reflecting varied outlooks on Etsy's prospects |
Strategic Evolution | Explore Etsy's proactive initiatives to revitalize growth, including product improvements and potential take rate expansion |
Financial Resilience | Despite GMS headwinds, Etsy outperforms revenue expectations with strong margins, showcasing operational efficiency in a competitive landscape |
Market Challenges | Etsy grapples with declining Gross Merchandise Sales amid strategic shifts, highlighting the complexities of its niche e-commerce position |
Metrics to compare | ETSY | Sector Sector - Average of metrics from a broad group of related Consumer Cyclicals sector companies | Relationship RelationshipETSYPeersSector | |
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P/E Ratio | 15.7x | −1.6x | 10.2x | |
PEG Ratio | 3.26 | −0.02 | 0.02 | |
Price / Book | −6.3x | 1.8x | 1.4x | |
Price / LTM Sales | 1.7x | 0.7x | 0.9x | |
Upside (Analyst Target) | 9.5% | 349.8% | 34.4% | |
Fair Value Upside | Unlock | 31.3% | 11.3% | Unlock |