From Nasdaq: 2024-05-12 03:04:00

Etsy’s business faces challenges as first-quarter numbers show a decline in gross merchandise sales, leading to a 15% drop in stock value. CEO Josh Silverman cites cyclically challenging period due to softer discretionary spending among consumers. Despite obstacles, Etsy boasts 96.4 million active buyers and 9.1 million sellers, with profitable operations generating $63 million net income in Q1. The company’s forward P/E ratio is 13.5, indicating undervaluation and potential long-term growth. Investors could benefit from long-term returns by seizing the current opportunity with Etsy despite near-term struggles.



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