Etsy’s Stock Rose On Strong Q3 Results, Will It Continue?

Etsy’s stock (NASDAQ: ETSY) rose by 23% in the last twenty-one trading days. In comparison, the broader S&P500 index rose by 7.1% over the same period. The online retailer saw its stock rise after strong Q3 2021 results. In Q3 2021 the company recorded gross merchandise sales at $3.1 billion, up 17% y-o-y. They also increased their average active buyer spending by 20% compared to the previous year. Now, is ETSY stock poised to grow? Based on our machine learning analysis of trends in the stock price over the last seven years, there is a 51% chance of a rise in ETSY stock over the next month (twenty-one trading days). See our analysis on Etsy’s Stock Chance Of Rise for more details.

Five Days: ETSY 7.1%, vs. S&P500 1.9%; Outperformed market

(19% event probability)

• Etsy’s stock rose 7.1% over a five day trading period ending 11/08/2021, compared to the broader market (S&P500) which rose by 1.9%
• A change of 7.1% or more over five trading days has a 19% event probability, which has occurred 312 times out of 1649 in the last seven years

Ten Days: ETSY 3.3%, vs. S&P500 2.9%; Outperformed market

(43% event probability)

• Etsy’s stock rose 3.3% over the last ten trading days (two weeks), compared to the broader market (S&P500) rise of 2.9%
• A change of 3.3% or more over ten trading days has a 43% event probability, which has occurred 708 times out of 1644 in the last seven years

Twenty-One Days: ETSY 23%, vs. S&P500 7.1%; Outperformed market

(13% event probability)

• Etsy’s stock rose 23% over the last twenty-one trading days (one month), compared to the broader market (S&P500) rise of 7.1%
• A change of 23% or more over twenty-one trading days has a 13% event probability, which has occurred 213 times out of 1633 in the last seven years

There are several peers in its sector that look like a Better Bet Than ETSY Stock. Also, Etsy Peer Comparisons summarizes how the company fares against peers on metrics that matter.

What if you’re looking for a more balanced portfolio instead? Here’s a high-quality portfolio that’s beaten the market consistently since 2016.

Invest with Trefis Market Beating Portfolios

See all Trefis Price Estimates