Check Out What Whales Are Doing With ETSY

Whales with a lot of money to spend have taken a noticeably bullish stance on Etsy.

Looking at options history for Etsy ETSY we detected 9 trades.

If we consider the specifics of each trade, it is accurate to state that 55% of the investors opened trades with bullish expectations and 44% with bearish.

From the overall spotted trades, 3 are puts, for a total amount of $112,539 and 6, calls, for a total amount of $657,780.

Latest Startup Investment Opportunities:

What's The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $70.0 to $85.0 for Etsy over the last 3 months.

Volume & Open Interest Trends

Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.

This data can help you track the liquidity and interest for Etsy's options for a given strike price.

Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Etsy's whale activity within a strike price range from $70.0 to $85.0 in the last 30 days.

Etsy Call and Put Volume: 30-Day Overview

Significant Options Trades Detected:

About Etsy

Etsy operates a top-10 e-commerce marketplace operator in the U.S. and the U.K., with sizable operations in Germany, France, Australia, and Canada. The firm dominates an interesting niche, connecting buyers and sellers through its online market to exchange vintage and craft goods. With $13.3 billion in 2022 consolidated gross merchandise volume, the firm has cemented itself as one of the largest players in a quickly growing space, generating revenue from listing fees, commissions on sold items, advertising services, payment processing, and shipping labels. As of the end of 2022, the firm connected more than 95 million buyers and 7.5 million sellers on its marketplace properties: Etsy, Reverb (musical equipment), and Depop (clothing resale).

Following our analysis of the options activities associated with Etsy, we pivot to a closer look at the company's own performance.

Current Position of Etsy

• With a trading volume of 1,025,642, the price of ETSY is down by -0.29%, reaching $74.5.
• Current RSI values indicate that the stock is may be approaching oversold.
• Next earnings report is scheduled for 41 days from now.

What Analysts Are Saying About Etsy

Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $86.0.

• Reflecting concerns, an analyst from Goldman Sachs lowers its rating to Neutral with a new price target of $80.
• Maintaining their stance, an analyst from Raymond James continues to hold a Outperform rating for Etsy, targeting a price of $90.
• Consistent in their evaluation, an analyst from Guggenheim keeps a Buy rating on Etsy with a target price of $95.
• Maintaining their stance, an analyst from Wedbush continues to hold a Neutral rating for Etsy, targeting a price of $90.
• Maintaining their stance, an analyst from UBS continues to hold a Neutral rating for Etsy, targeting a price of $75.

Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Etsy with Benzinga Pro for real-time alerts.