Intrinsic value of Etsy - ETSY

Previous Close

$48.72

  Intrinsic Value

$6.35

stock screener

  Rating & Target

str. sell

-87%

Previous close

$48.72

 
Intrinsic value

$6.35

 
Up/down potential

-87%

 
Rating

str. sell

We calculate the intrinsic value of ETSY stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 0001), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 5.8

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
   2
   3
   4
   5
   6
   7
   8
   9
   10
   11
   12
   13
   14
   15
   16
   17
   18
   19
   20
   21
   22
   23
   24
   25
   26
   27
   28
   29
   30
   31

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  30.20
  27.68
  25.41
  23.37
  21.53
  19.88
  18.39
  17.05
  15.85
  14.76
  13.79
  12.91
  12.12
  11.41
  10.76
  10.19
  9.67
  9.20
  8.78
  8.40
  8.06
  7.76
  7.48
  7.23
  7.01
  6.81
  6.63
  6.47
  6.32
  6.19
Revenue, $m
  574
  733
  920
  1,135
  1,379
  1,653
  1,958
  2,291
  2,655
  3,046
  3,466
  3,914
  4,388
  4,889
  5,415
  5,967
  6,544
  7,146
  7,773
  8,427
  9,106
  9,812
  10,547
  11,309
  12,102
  12,926
  13,783
  14,674
  15,601
  16,567
Variable operating expenses, $m
  546
  695
  871
  1,074
  1,304
  1,562
  1,849
  2,164
  2,506
  2,875
  3,267
  3,688
  4,135
  4,607
  5,103
  5,623
  6,166
  6,734
  7,325
  7,941
  8,581
  9,247
  9,938
  10,657
  11,404
  12,181
  12,988
  13,828
  14,702
  15,611
Fixed operating expenses, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total operating expenses, $m
  546
  695
  871
  1,074
  1,304
  1,562
  1,849
  2,164
  2,506
  2,875
  3,267
  3,688
  4,135
  4,607
  5,103
  5,623
  6,166
  6,734
  7,325
  7,941
  8,581
  9,247
  9,938
  10,657
  11,404
  12,181
  12,988
  13,828
  14,702
  15,611
Operating income, $m
  29
  38
  49
  61
  75
  91
  109
  128
  149
  171
  200
  226
  253
  282
  312
  344
  377
  412
  448
  486
  525
  566
  608
  652
  698
  745
  795
  846
  900
  955
EBITDA, $m
  64
  81
  102
  126
  153
  183
  217
  254
  295
  338
  385
  434
  487
  542
  601
  662
  726
  793
  862
  935
  1,010
  1,089
  1,170
  1,255
  1,343
  1,434
  1,529
  1,628
  1,731
  1,838
Interest expense (income), $m
  2
  11
  21
  33
  46
  62
  80
  100
  123
  147
  174
  203
  234
  267
  302
  339
  377
  418
  460
  505
  551
  599
  649
  701
  755
  811
  869
  930
  993
  1,059
  1,127
Earnings before tax, $m
  18
  17
  16
  15
  13
  11
  8
  5
  1
  -3
  -3
  -8
  -14
  -20
  -26
  -33
  -41
  -48
  -56
  -65
  -74
  -83
  -93
  -103
  -113
  -124
  -135
  -147
  -159
  -172
Tax expense, $m
  5
  5
  4
  4
  4
  3
  2
  1
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Net income, $m
  13
  12
  12
  11
  10
  8
  6
  4
  1
  -3
  -3
  -8
  -14
  -20
  -26
  -33
  -41
  -48
  -56
  -65
  -74
  -83
  -93
  -103
  -113
  -124
  -135
  -147
  -159
  -172

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  464
  593
  744
  917
  1,115
  1,337
  1,583
  1,852
  2,146
  2,463
  2,802
  3,164
  3,547
  3,952
  4,377
  4,823
  5,290
  5,777
  6,284
  6,812
  7,361
  7,932
  8,526
  9,143
  9,784
  10,450
  11,142
  11,863
  12,612
  13,393
Adjusted assets (=assets-cash), $m
  464
  593
  744
  917
  1,115
  1,337
  1,583
  1,852
  2,146
  2,463
  2,802
  3,164
  3,547
  3,952
  4,377
  4,823
  5,290
  5,777
  6,284
  6,812
  7,361
  7,932
  8,526
  9,143
  9,784
  10,450
  11,142
  11,863
  12,612
  13,393
Revenue / Adjusted assets
  1.237
  1.236
  1.237
  1.238
  1.237
  1.236
  1.237
  1.237
  1.237
  1.237
  1.237
  1.237
  1.237
  1.237
  1.237
  1.237
  1.237
  1.237
  1.237
  1.237
  1.237
  1.237
  1.237
  1.237
  1.237
  1.237
  1.237
  1.237
  1.237
  1.237
Average production assets, $m
  187
  238
  299
  369
  448
  537
  636
  745
  863
  990
  1,127
  1,272
  1,426
  1,589
  1,760
  1,939
  2,127
  2,322
  2,526
  2,739
  2,959
  3,189
  3,428
  3,676
  3,933
  4,201
  4,480
  4,769
  5,070
  5,384
Working capital, $m
  -4
  -5
  -6
  -8
  -10
  -12
  -14
  -16
  -19
  -21
  -24
  -27
  -31
  -34
  -38
  -42
  -46
  -50
  -54
  -59
  -64
  -69
  -74
  -79
  -85
  -90
  -96
  -103
  -109
  -116
Total debt, $m
  131
  204
  290
  389
  502
  628
  768
  921
  1,088
  1,268
  1,462
  1,667
  1,886
  2,116
  2,358
  2,612
  2,877
  3,154
  3,443
  3,743
  4,056
  4,381
  4,718
  5,069
  5,434
  5,813
  6,207
  6,617
  7,043
  7,487
Total liabilities, $m
  264
  337
  423
  522
  634
  761
  900
  1,054
  1,221
  1,401
  1,595
  1,800
  2,018
  2,249
  2,491
  2,745
  3,010
  3,287
  3,576
  3,876
  4,189
  4,514
  4,851
  5,202
  5,567
  5,946
  6,340
  6,750
  7,176
  7,620
Total equity, $m
  200
  256
  321
  395
  481
  576
  682
  798
  925
  1,061
  1,208
  1,364
  1,529
  1,703
  1,887
  2,079
  2,280
  2,490
  2,708
  2,936
  3,173
  3,419
  3,675
  3,940
  4,217
  4,504
  4,802
  5,113
  5,436
  5,772
Total liabilities and equity, $m
  464
  593
  744
  917
  1,115
  1,337
  1,582
  1,852
  2,146
  2,462
  2,803
  3,164
  3,547
  3,952
  4,378
  4,824
  5,290
  5,777
  6,284
  6,812
  7,362
  7,933
  8,526
  9,142
  9,784
  10,450
  11,142
  11,863
  12,612
  13,392
Debt-to-equity ratio
  0.660
  0.800
  0.910
  0.980
  1.040
  1.090
  1.130
  1.150
  1.180
  1.190
  1.210
  1.220
  1.230
  1.240
  1.250
  1.260
  1.260
  1.270
  1.270
  1.270
  1.280
  1.280
  1.280
  1.290
  1.290
  1.290
  1.290
  1.290
  1.300
  1.300
Adjusted equity ratio
  0.431
  0.431
  0.431
  0.431
  0.431
  0.431
  0.431
  0.431
  0.431
  0.431
  0.431
  0.431
  0.431
  0.431
  0.431
  0.431
  0.431
  0.431
  0.431
  0.431
  0.431
  0.431
  0.431
  0.431
  0.431
  0.431
  0.431
  0.431
  0.431
  0.431

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  13
  12
  12
  11
  10
  8
  6
  4
  1
  -3
  -3
  -8
  -14
  -20
  -26
  -33
  -41
  -48
  -56
  -65
  -74
  -83
  -93
  -103
  -113
  -124
  -135
  -147
  -159
  -172
Depreciation, amort., depletion, $m
  35
  43
  53
  65
  78
  92
  109
  126
  146
  167
  185
  209
  234
  260
  288
  318
  349
  381
  414
  449
  485
  523
  562
  603
  645
  689
  734
  782
  831
  883
Funds from operations, $m
  48
  56
  65
  75
  87
  100
  115
  130
  147
  164
  182
  200
  220
  241
  262
  285
  308
  332
  358
  384
  411
  440
  469
  500
  532
  565
  599
  635
  672
  711
Change in working capital, $m
  -1
  -1
  -1
  -2
  -2
  -2
  -2
  -2
  -3
  -3
  -3
  -3
  -3
  -4
  -4
  -4
  -4
  -4
  -4
  -5
  -5
  -5
  -5
  -5
  -6
  -6
  -6
  -6
  -6
  -7
Cash from operations, $m
  49
  57
  66
  77
  89
  102
  117
  132
  149
  167
  185
  203
  223
  244
  266
  289
  312
  337
  362
  389
  416
  445
  474
  505
  537
  570
  605
  641
  679
  718
Maintenance CAPEX, $m
  -24
  -31
  -39
  -49
  -60
  -73
  -88
  -104
  -122
  -141
  -162
  -185
  -209
  -234
  -260
  -288
  -318
  -349
  -381
  -414
  -449
  -485
  -523
  -562
  -603
  -645
  -689
  -734
  -782
  -831
New CAPEX, $m
  -43
  -52
  -61
  -70
  -79
  -89
  -99
  -108
  -118
  -127
  -137
  -145
  -154
  -163
  -171
  -179
  -188
  -196
  -204
  -212
  -221
  -230
  -239
  -248
  -258
  -268
  -278
  -290
  -301
  -314
Cash from investing activities, $m
  -67
  -83
  -100
  -119
  -139
  -162
  -187
  -212
  -240
  -268
  -299
  -330
  -363
  -397
  -431
  -467
  -506
  -545
  -585
  -626
  -670
  -715
  -762
  -810
  -861
  -913
  -967
  -1,024
  -1,083
  -1,145
Free cash flow, $m
  -18
  -25
  -33
  -42
  -51
  -60
  -70
  -80
  -91
  -102
  -114
  -127
  -139
  -152
  -166
  -179
  -193
  -208
  -223
  -238
  -254
  -270
  -287
  -305
  -323
  -342
  -362
  -383
  -405
  -427
Issuance/(repayment) of debt, $m
  61
  73
  86
  99
  112
  126
  140
  154
  167
  180
  193
  206
  218
  230
  242
  254
  265
  277
  289
  300
  313
  325
  338
  351
  365
  379
  394
  410
  427
  444
Issuance/(repurchase) of shares, $m
  34
  43
  53
  64
  76
  88
  100
  113
  125
  139
  149
  164
  179
  194
  210
  225
  242
  258
  275
  293
  311
  329
  349
  369
  389
  411
  434
  457
  482
  508
Cash from financing (excl. dividends), $m  
  95
  116
  139
  163
  188
  214
  240
  267
  292
  319
  342
  370
  397
  424
  452
  479
  507
  535
  564
  593
  624
  654
  687
  720
  754
  790
  828
  867
  909
  952
Total cash flow (excl. dividends), $m
  78
  91
  106
  121
  137
  153
  170
  186
  202
  217
  228
  243
  258
  272
  286
  300
  314
  327
  341
  355
  369
  384
  399
  415
  431
  448
  466
  484
  504
  525
Retained Cash Flow (-), $m
  -47
  -55
  -65
  -75
  -85
  -96
  -106
  -116
  -127
  -139
  -149
  -164
  -179
  -194
  -210
  -225
  -242
  -258
  -275
  -293
  -311
  -329
  -349
  -369
  -389
  -411
  -434
  -457
  -482
  -508
Prev. year cash balance distribution, $m
  243
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash available for distribution, $m
  274
  35
  41
  46
  52
  58
  64
  69
  75
  78
  79
  79
  79
  78
  76
  75
  72
  69
  66
  63
  59
  55
  51
  46
  42
  37
  32
  27
  22
  17
Discount rate, %
  4.30
  4.52
  4.74
  4.98
  5.23
  5.49
  5.76
  6.05
  6.35
  6.67
  7.00
  7.35
  7.72
  8.11
  8.51
  8.94
  9.39
  9.86
  10.35
  10.87
  11.41
  11.98
  12.58
  13.21
  13.87
  14.56
  15.29
  16.05
  16.86
  17.70
PV of cash for distribution, $m
  263
  32
  35
  38
  40
  42
  43
  43
  43
  41
  37
  34
  30
  26
  22
  19
  16
  13
  10
  8
  6
  5
  3
  2
  2
  1
  1
  0
  0
  0
Current shareholders' claim on cash, %
  97.8
  95.8
  93.8
  92.0
  90.3
  88.7
  87.1
  85.7
  84.4
  83.1
  82.0
  80.9
  79.8
  78.8
  77.9
  77.0
  76.1
  75.2
  74.4
  73.6
  72.8
  72.1
  71.4
  70.7
  70.0
  69.3
  68.6
  68.0
  67.3
  66.7

Etsy, Inc. (Etsy) operates a marketplace where people around the world connect, both online and offline, to make, sell and buy goods. The Company offers a range of seller services and tools that help entrepreneurs start, grow and manage their businesses. The Company's community includes Etsy sellers, Etsy buyers, Etsy employees, its partners and investors. As of December 31, 2016, its platform connected 1.7 million active Etsy sellers and 28.6 million active Etsy buyers. Etsy sellers join its community to participate in its markets to express their creativity. Etsy sellers range from hobbyists to professional merchants, and have a range of personal and professional goals. Its supports a group of artists, makers, designers and collectors from around the world. Its services platform includes seller services, seller tools and education. The Company's seller services include Direct Checkout, Promoted Listings, Shipping Labels and Pattern by Etsy.

FINANCIAL RATIOS  of  Etsy (ETSY)

Valuation Ratios
P/E Ratio -188.3
Price to Sales 15.5
Price to Book 16.4
Price to Tangible Book
Price to Cash Flow 120.2
Price to Free Cash Flow -5650.1
Growth Rates
Sales Growth Rate 33.2%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate 128.6%
Cap. Spend. - 3 Yr. Gr. Rate 23.1%
Financial Strength
Quick Ratio 40
Current Ratio 0.2
LT Debt to Equity 1.4%
Total Debt to Equity 3.5%
Interest Coverage -1
Management Effectiveness
Return On Assets -1.8%
Ret/ On Assets - 3 Yr. Avg. -7.8%
Return On Total Capital -8.6%
Ret/ On T. Cap. - 3 Yr. Avg. -14.3%
Return On Equity -8.9%
Return On Equity - 3 Yr. Avg. -14.8%
Asset Turnover 0.6
Profitability Ratios
Gross Margin 66.3%
Gross Margin - 3 Yr. Avg. 64.4%
EBITDA Margin 6%
EBITDA Margin - 3 Yr. Avg. 2.2%
Operating Margin 4.9%
Oper. Margin - 3 Yr. Avg. 0.5%
Pre-Tax Margin -0.8%
Pre-Tax Margin - 3 Yr. Avg. -5.4%
Net Profit Margin -8.2%
Net Profit Margin - 3 Yr. Avg. -11.9%
Effective Tax Rate -900%
Eff/ Tax Rate - 3 Yr. Avg. -347.6%
Payout Ratio 0%

ETSY stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the ETSY stock intrinsic value calculation we used $441.231 million for the last fiscal year's total revenue generated by Etsy. The default revenue input number comes from 0001 income statement of Etsy. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our ETSY stock valuation model: a) initial revenue growth rate of 30.2% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 4.3%, whose default value for ETSY is calculated based on our internal credit rating of Etsy, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of Etsy.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of ETSY stock the variable cost ratio is equal to 95.2%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $0 million in the base year in the intrinsic value calculation for ETSY stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 16% for Etsy.

Corporate tax rate of 27% is the nominal tax rate for Etsy. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the ETSY stock is equal to 0%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for ETSY are equal to 32.5%.

Life of production assets of 6.1 years is the average useful life of capital assets used in Etsy operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for ETSY is equal to -0.7%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $396.894 million for Etsy - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 119.476 million for Etsy is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of Etsy at the current share price and the inputted number of shares is $5.8 billion.

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COMPANY NEWS

▶ Etsy, Other Specialty Retailers Tumble   [Nov-16-18 02:44PM  TheStreet.com]
▶ 3 Reasons Etsy Stock Keeps Hitting New Highs   [Nov-12-18 03:28PM  Motley Fool]
▶ Should You Buy Etsy After Its Post-Earnings Pop?   [Nov-08-18 05:59PM  Motley Fool]
▶ Etsy: How It's Fared Since Its 2015 IPO   [02:22PM  Investopedia]
▶ 3 Stocks Move Wednesday   [03:23PM  GuruFocus.com]
▶ 4 Stocks Profiting From Amazons Decline   [02:35PM  InvestorPlace]
▶ Why Etsy Stock Jumped Wednesday   [11:45AM  Motley Fool]
▶ Etsy Earnings: Revenue Surges   [09:16AM  Motley Fool]
▶ [$$] Etsy Raises Revenue Outlook   [05:29PM  The Wall Street Journal]
▶ Etsy: 3Q Earnings Snapshot   [04:38PM  Associated Press]
▶ Etsy stock rallies on earnings beat   [04:23PM  MarketWatch]
▶ Etsy's Q3 Earnings Preview   [09:12AM  Benzinga]
▶ Etsy Looks Poised to Move Lower on the Charts   [Nov-05-18 03:42PM  TheStreet.com]
▶ 3 Things Etsy Stock Needs to Get Right This Week   [Nov-04-18 05:05PM  Motley Fool]
▶ Etsy Has Crafted a Bearish Reversal Pattern Now   [Nov-01-18 02:39PM  TheStreet.com]
▶ Earn Extra Income With a Side Hustle   [Oct-31-18 10:51PM  Kiplinger]
▶ How to Invest in E-Commerce Stocks   [Oct-30-18 05:02PM  Motley Fool]
▶ 3 Stocks You Should Consider Shorting This Week   [Oct-14-18 10:45AM  TheStreet.com]
▶ The Small Business, Big Investment Stock Basket   [Oct-10-18 04:09PM  Motley Fool]
▶ 3 Reasons to Sell Shopify Stock (Again)   [01:31PM  InvestorPlace]
▶ Hawk Ridge Managements Return, AUM, and Holdings   [Oct-07-18 04:55AM  Insider Monkey]
▶ Best Stocks for 2018: Etsy Executed a Successful Turnaround   [Oct-05-18 02:05PM  InvestorPlace]
▶ A New CEO Wont Save J.C. Penney Stock   [05:00AM  InvestorPlace]
▶ Does Etsy Incs (NASDAQ:ETSY) PE Ratio Warrant A Sell?   [Sep-21-18 01:46PM  Simply Wall St.]
▶ Trade of the Day: Etsy, Inc. (ETSY)   [09:21AM  InvestorPlace]
▶ Best Stocks for 2018: Enterprise Products Is a Keeper   [Sep-19-18 01:06PM  InvestorPlace]
▶ 5 Top Stock Trades for Monday Is GE Finally a Breakout Buy?   [Sep-14-18 04:14PM  InvestorPlace]
▶ Etsy Stock Can Do No Wrong in 2018   [11:42AM  Motley Fool]
▶ Can Facebook Shopping Endeavor Disrupt E-Commerce Market?   [Sep-06-18 03:02PM  InvestorPlace]
▶ 3 Stocks That Have More Than Doubled in 2018   [Sep-01-18 10:00AM  Motley Fool]
▶ Etsy to Participate at Upcoming Investor Conferences   [Aug-31-18 09:00AM  PR Newswire]
▶ Etsy Inc (NASDAQ:ETSY): Time For A Financial Health Check   [Aug-22-18 01:34PM  Simply Wall St.]
▶ Top Niche Tech Stocks to Buy Now   [Aug-15-18 11:04AM  Zacks]

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