Why Etsy (ETSY) Stock Is Trading Up Today
Shares of online marketplace Etsy (NASDAQ:ETSY) jumped 3.1% in the morning session after the company's latest 13F filing revealed a significant increase in ownership by an institutional investor.
Cerity Partners LLC boosted its stake in the specialty e-commerce retailer by over 211%, purchasing an additional 64,279 shares during the first quarter, according to a filing with the Securities and Exchange Commission made public today. This purchase brought the firm's total holdings to 94,691 shares, valued at approximately $4.47 million. Such a substantial increase in a position by an institutional investor was seen as a vote of confidence in the company's future prospects, despite recent headwinds from a competitive e-commerce landscape and pressures on consumer discretionary spending., The move came even as analysts held a mixed "Hold" consensus rating on the stock.
After the initial pop the shares cooled down to $59.17, up 2% from previous close.
Is now the time to buy Etsy? Access our full analysis report here, it's free.
What Is The Market Telling Us
Etsy's shares are quite volatile and have had 18 moves greater than 5% over the last year. In that context, today's move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business.
The biggest move we wrote about over the last year was 9 months ago when the stock gained 11.8% on the news that the company reported impressive third-quarter earnings, which beat analysts' revenue, EBITDA, and EPS expectations. The result highlighted the ability to balance growth and profitability despite the observed pressure on Etsy marketplace year-over-year GMS (gross marchandise sales),. Overall, this was a good quarter.
Etsy is up 11.4% since the beginning of the year, but at $59.17 per share, it is still trading 9.2% below its 52-week high of $65.14 from July 2024. Investors who bought $1,000 worth of Etsy's shares 5 years ago would now be looking at an investment worth $554.60.
Unless you've been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) semiconductor stock benefiting from the rise of AI. Click here to access our free report on our favorite semiconductor growth story.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
5 minutes ago
- Yahoo
Cotiviti's Quality Measurement and Reporting Solution Achieves 25th Consecutive Year of HEDIS® Measure Certification
HEDIS measures embedded in Cotiviti's Quality Intelligence pass NCQA's validation process for Measurement Year (MY) 2025 SALT LAKE CITY, July 31, 2025--(BUSINESS WIRE)--Quality Engine, the administrative measure logic and sample processing component of Cotiviti's Quality Intelligence solution, has earned HEDIS® Certified Measures™ status from the National Committee for Quality Assurance (NCQA) for Measurement Year (MY) 2025. HEDIS Measure Certification validates that Cotiviti's measures have been put through the thorough testing required to effectively support health plans with the HEDIS MY 2025 season. This milestone marks an industry-leading 25 consecutive years of certification, demonstrating Cotiviti's ability to adapt and serve as a long-term partner to health plans as the HEDIS program continually evolves. "The ongoing transition to fully digital quality measurement requires health plans to have a quality improvement solution that not only meets the highest standards for accuracy, but continually evolves to meet and exceed new requirements," said Emad Rizk, M.D., chairman, president, and CEO of Cotiviti. "This achievement reflects Cotiviti's unwavering commitment to supporting our health plan clients. It speaks to the deep expertise we've built through decades of working with billions of data points, navigating complex measurement requirements, and helping our clients meet the changing demands of quality reporting." Cotiviti's Quality Intelligence processes more than 147 million member lives reported to NCQA and serves as a comprehensive measurement and reporting solution that streamlines compliance while supporting HEDIS, state-specific, and other quality measure submissions. Newly launched in 2025, Cotiviti's Engagement Hub integrates with Quality Intelligence to drive coordination and efficiency through a centralized member engagement and reporting platform, enabling plans to close care gaps to ultimately improve quality scores. Further integrations within Cotiviti's quality improvement ecosystem support year-round quality improvement and enable better member health. When integrated with Cotiviti's Star Intelligence, Quality Intelligence provides a centralized platform for managing both HEDIS and Star Ratings, helping clients ensure consistency across programs and maintain compatibility with historical data to support accurate trending and projections. Cotiviti's scalable medical record retrieval and abstraction services also connect directly with the solution to enable end-to-end support for health plans throughout the HEDIS season. "Payers need a trusted partner in quality improvement with a longstanding track record of success to help them navigate the digital quality transition and deliver high-performing, reliable solutions that have been continuously refined and supported over decades," said Chad Kinkead, executive vice president of risk adjustment, quality, and engagement for Cotiviti. "Cotiviti's Quality Intelligence supports all members and lines of business with end-to-end capabilities for accurate processing, reporting, audits, and submissions, backed by a team of experts who are committed to supporting health plans during and after the transition to digital reporting. Our clients can anticipate further innovation as we integrate Cotiviti's industry-leading quality improvement, DxCG risk assessment, engagement, and risk adjustment solutions with Edifecs' leading NLP-enabled coding platform, interoperability capabilities, and AI-enabled value based-payment solutions." About Cotiviti Cotiviti enables healthcare organizations to deliver better care at lower cost through advanced technology and data analytics that improve the quality and sustainability of healthcare in the United States. Cotiviti's solutions increase transparency and collaboration between payers and providers while empowering them to reduce medical and administrative costs, enable better health, improve claims payment efficiency, streamline operations, drive interoperability, and advance value-based care. Its customers serve the majority of U.S. healthcare consumers, providing coverage and care for over 300 million members and patients. Additionally, Cotiviti offers data management and recovery audit services to the retail sector to improve business outcomes. For more information, visit About NCQA NCQA is a private, non-profit organization dedicated to improving healthcare quality. NCQA accredits and certifies a wide range of healthcare organizations. It also recognizes clinicians and practices in key areas of performance. NCQA's website contains information to help consumers, employers and others make more informed healthcare choices. View source version on Contacts Corey PatchkofskyAria Marketing for Cotiviticpatchkofsky@ 203-710-2296 Sign in to access your portfolio
Yahoo
5 minutes ago
- Yahoo
Global trade in photos as a new deadline approaches on Trump tariffs
While discussions with trading partners continue and a revamp of U.S. trade policy faces legal hurdles in federal court, U.S. President Donald Trump is approaching his deadline of Friday, Aug. 1, for implementing higher import tariffs on products from across the world. ___ This is a photo gallery curated by AP photo editors. Sign in to access your portfolio
Yahoo
5 minutes ago
- Yahoo
EVgo Launches First Fast-Charging Stations As Part Of Toyota's 'Empact' Strategy
EVgo, Inc. (NASDAQ:EVGO) is among the 12 Best EV Charging Stocks to Buy According to Hedge Funds. EVgo, Inc. (NASDAQ:EVGO) and Toyota Motor North America have launched the first rapid charging stations under Toyota's 'Empact' program in Baldwin Park and Sacramento, California. Each station owned by the firm has 350kW chargers and can service up to eight vehicles at once. The program's main goal is to increase EV infrastructure in underprivileged areas as part of Toyota's larger goal to advance 'mobility for all.' A businessman plugging in to a public charging station, symbolizing the services provided by the company. 'Empact' was first announced in April 2023 and focuses on charging access, cheap mobility, and emissions reduction. The new locations are close to shopping and dining districts to improve accessibility. Furthermore, EVgo, Inc. (NASDAQ:EVGO) has extended its free charging promotion for Toyota bZ4X drivers for another year. EVgo, Inc. (NASDAQ:EVGO) collaborates with automakers to expand infrastructure and runs more than 1,100 fast charging stations in more than 40 states. It is among the Best EV Stocks. The initiative was commended by state leaders, including Assemblywoman Blanca Rubio and Senator Angelique Ashby, for promoting renewable energy transportation as well as improving air quality in California communities. While we acknowledge the potential of EVGO as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 High-Growth EV Stocks to Invest In and 13 Best Car Stocks to Buy in 2025. Disclosure. None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
