Why Etsy Stock Tanked Today

Motley Fool2021-05-06

What happened Shares of online marketplace Etsy (NASDAQ:ETSY) tanked on Thursday after the company reported financial results for the first quarter of 2021. Q1 results showed blistering growth, but ...

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Comments

GME1mBy2022
2021-05-07
GME1mBy2022
Eat money
gum
2021-05-07
gum
It probably moved up too fast
CWen
2021-05-07
CWen
[Cool] [Cool]
- Jia jia:
  Lol
Tothestars
2021-05-07
Tothestars
Still a potential stock!
Badanu
2021-05-07
Badanu
Drop so much
- WarSlasher:
  great discount
- L1324:
  because is mr market
BpchuA
2021-05-07
BpchuA
Bad

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Q1 results showed blistering growth, but ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/05/06/why-etsy-stock-tanked-today/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"ETSY","symbol_name":"Etsy, Inc.","start_time":0,"source_url":"https://www.fool.com/investing/2021/05/06/why-etsy-stock-tanked-today/","article_id":"2133575821","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2133575821","pubTimestamp":1620313200,"sourceInfo":{"source_id":"fool_stock","name":"Motley Fool"},"weMediaInfo":null,"summary":"The market is forward-looking, and it doesn't like what's ahead next quarter.","collect":0,"end_time":0,"defaultTopTitle":"fool.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"ETSY":"Etsy, Inc."},"translate_title":"今日Etsy,Inc.股市为何大跌","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ETSY":0.9},"content_text":"What happened\nShares of online marketplace Etsy (NASDAQ:ETSY) tanked on Thursday after the company reported financial results for the first quarter of 2021. Q1 results showed blistering growth, but management's guidance for the second quarter suggested things are cooling off. For this, the stock was down a painful 13% as of 10 a.m. EDT. And the stock is now down 35% from an all-time high reached earlier this year.\nSo what\nQ1 sales on Etsy's platform (known as gross merchandise sales, or GMS) were up an outstanding 132% from the first quarter of 2020. Of course, Etsy doesn't sell products directly. Rather, independent merchants use the platform to sell their handcrafted products and Etsy takes a cut -- the cut contributes to the company's revenue. Revenue for Etsy was up 142% year over year and, because it gains operating leverage with scale, net income was up an eye-popping 1,048% to $144 million.\n\nImage source: Getty Images.\nIf the stock market looked backwards, Etsy stock would be up big with numbers like this. However, the market is forward-looking, and the company's guidance disappointed. 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So take today's lowered price target from Oppenheimer and others with a grain of salt.\nFor Etsy shareholders, there's an overlooked metric that I believe bodes well to the long-term health of the company. In Q1, active buyers on the platform were up 90% year over year and active sellers were up 67%. The continued steady increase of both buyers and sellers creates a kind of network effect, making this a stronger platform and harder to disrupt. This doesn't mean the stock can't head lower in the short term -- it can. But for those with a three- to five-year time horizon, Etsy's business is looking strong.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":104141829,"gmtCreate":1620367440861,"gmtModify":1704342664649,"author":{"id":"3575188872322547","authorId":"3575188872322547","name":"GME1mBy2022","avatar":"https://static.tigerbbs.com/9b0ea54290166f528c67da36f0e46841","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3575188872322547","authorIdStr":"3575188872322547"},"htmlText":"Eat money","listText":"Eat money","text":"Eat 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fast","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/104995283","repostId":2133575821,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":104054240,"gmtCreate":1620346939480,"gmtModify":1704342248523,"author":{"id":"3581818742728168","authorId":"3581818742728168","name":"CWen","avatar":"https://static.tigerbbs.com/31b0269cbebdce24b628856129a8ab15","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3581818742728168","authorIdStr":"3581818742728168"},"htmlText":"[Cool]&nbsp;[Cool]&nbsp;","listText":"[Cool]&nbsp;[Cool]&nbsp;","text":"[Cool] [Cool]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/104054240","repostId":2133575821,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4247192,"gmtCreate":1620347076352,"gmtModify":1680787376907,"authorId":3566190997597521,"author":{"id":3566190997597521,"idStr":"3566190997597521","authorId":3566190997597521,"name":"Jia 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stock!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/104087530","repostId":2133575821,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":104090108,"gmtCreate":1620344034604,"gmtModify":1704342158859,"author":{"id":"3552705374220089","authorId":"3552705374220089","name":"Badanu","avatar":"https://static.tigerbbs.com/486d06a79de428dc38faea5855403ce8","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3552705374220089","authorIdStr":"3552705374220089"},"htmlText":"Drop so much","listText":"Drop so much","text":"Drop so much","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/104090108","repostId":2133575821,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4251341,"gmtCreate":1620374031323,"gmtModify":1680787444215,"authorId":3575195102402470,"author":{"id":3575195102402470,"idStr":"3575195102402470","authorId":3575195102402470,"name":"WarSlasher","avatar":"https://static.tigerbbs.com/0c98b196bb3a5da8bb25c9d45e23a4ce","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":104090108,"type":1,"supId":0,"prevId":0,"content":"great discount","text":"great discount","html":"great discount"},{"id":4246433,"gmtCreate":1620344590890,"gmtModify":1680787366216,"authorId":3574119575606145,"author":{"id":3574119575606145,"idStr":"3574119575606145","authorId":3574119575606145,"name":"L1324","avatar":"https://static.tigerbbs.com/b05b9f32dd8af2590c80da38d48e37fc","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":104090108,"type":1,"supId":0,"prevId":0,"content":"because is <u>mr market</u>","text":"because is <u>mr market</u>","html":"because is <u>mr market</u>"}],"langContent":"EN"},{"id":105728616,"gmtCreate":1620341737035,"gmtModify":1704342098150,"author":{"id":"3575867013914101","authorId":"3575867013914101","name":"BpchuA","avatar":"https://static.tigerbbs.com/dd3500e66cc249b4480fcc30d7cd6409","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3575867013914101","authorIdStr":"3575867013914101"},"htmlText":"Bad","listText":"Bad","text":"Bad","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/105728616","repostId":2133575821,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":44,"commentSize":14,"repostSize":0,"favoriteSize":1,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; 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