Why In The World Would I Care About Etsy, Inc. (ETSY), Blue Apron Holdings, Inc. (APRN)

Etsy, Inc. (NASDAQ:ETSY) rose 3.97% this week, a trend that has led to both investors and traders taking note of the stock. Over the past one year, the equity price has embarked on a rally that has seen it rise 150.39% and is now up by 46.96% since start of this year. A look at its monthly performance shows that the stock has recorded a 25.22% gain over the past 30 days. Its equity price climbed by 26.47% over the past three months which led to its overall six-month increase to stand at 41.52%.

Experts from research firms are bullish about the near-term performance of Etsy, Inc. with most of them predicting a $68.46 price target on a short-term (12 months) basis. The average price target by the analysts will see a -2.07% rise in the stock and would lead to ETSY’s market cap to surge to $8.12B. The stock has been rated an average 2.1, which roughly stands towards the bearish end of the spectrum. Reuters looked into the 13 analysts that track Etsy, Inc. (NASDAQ:ETSY) and find out that 5 of them rated it as a Hold. 8 of the 8 analysts rated it as a Buy or a Strong Buy while 0 advised investors to desist from buying the stock or sell it if they already possess it.

A look at ETSY technical analysis shows that its 14-day Relative Strength Index (RSI) is in a neutral zone after reaching 64.33 point. Its trading volume has lost -1600752 shares compared to readings over the past three months as it recently exchanged 1589248 shares. This means there is reduced activity from short-term traders as per session, its average trading volume is 3190000 shares, and this is 0.5 times the normal volume.

Analysts have predicted a price target for Blue Apron Holdings, Inc. (APRN) for 1 year and it stands at an average $1.54/share. This means that it would likely increase by 55.56% from its current position. The current price of the stock has been moving between $0.979 and $1.03. Some brokerage firms have a lower target for the stock than the average, with one of them setting a price target as low as $1.25. On the other hand, one analyst is super bullish about the price, setting a target as high as $2.

The APRN stock Stochastic Oscillator (%D) is at 31.61%, which means that it is currently neutral. The shares P/S ratio stands at 0.3 which compares to the 1.81 recorded by the industry or the 5.82 by the wider sector. The stock currently has an estimated price-earnings (P/E) multiple of 0, which is lower than the 0 multiple of 12-month price-earnings (P/E). The company’s earnings have gone down, with a quarterly decrease rate of 0% over the past five years.

Analysts view Blue Apron Holdings, Inc. (NYSE:APRN) as a Hold, with 2.9 consensus rating. Reuters surveyed 12 analysts that follow APRN and found that 11 of those analysts rated the stock as a Hold. The remaining 1 were divided, with 1 analyst rating it as a Buy or a Strong Buy while 0 analysts advised investors to desist from buying Blue Apron Holdings, Inc. (APRN) shares or sell it if they already own it.