ETSY (Etsy Inc.,$42.43) is an e-commerce marketplace that caters to hand-made crafts and gifts for third parties to sell from. Similar to eBay (eBay Inc., $37.56), ETSY has made substantial growth the past few weeks and with a new management team, they are planning to make changes within the company.
Though some long-term investors are not amused by their history of high SGA costs, other investors see a bullish outlook on future gains. ETSY is reaching its 52 weeks high at $44.71.
(Chart screenshot from NASDAQ)
On June 14th, 2017, ETSY added to the revenue by raising their seller transaction fees from 3.5% to 5%. Shareholders are anticipating higher cash flow and more business from this decision. ETSY has also turned heads their way from opening their business to European markets- DaWanda, a company based in Germany. DaWanda is closing their business and passing their current customers to ETSY.
Investors compare ETSY to other, larger corporations such as eBay and Amazon Handmade (AMZN, $1,717.14 ), stock analysts are currently claiming ETSY as a buy.
Please see About Me & Disclaimer for additional information about Black Tea.