Latest news with #LannyBaker
Yahoo
02-05-2025
- Business
- Yahoo
Why Etsy, Inc. (ETSY) Went Down On Wednesday
We recently published a list of . In this article, we are going to take a look at where Etsy, Inc. (NASDAQ:ETSY) stands against other worst-performing stocks on Wednesday. A lackluster trading persisted on the stock market anew on Wednesday, with the three major indices finishing mixed, as investors digested news of the US economy's contraction in the first quarter of the year, triggering fears of recession. Among all major indices, only the Dow Jones and S&P 500 ended in the green, up 0.35 percent and 0.15 percent, respectively. In contrast, the tech-heavy Nasdaq dipped by 0.09 percent. Ten companies also mirrored the wider market downturn, predominantly due to dismal earnings performance and tempered growth outlook for the remainder of the year. In this article, we have named 10 of the worst-performing stocks on Wednesday and detailed the reasons behind their drop. To come up with the list, we considered only the stocks with a $2-billion market capitalization and $5-million trading volume. A young woman shopping for a vintage fashion item online. Etsy dropped its share prices by 5.74 percent on Wednesday to finish at $43.48 apiece as investors soured on the company's financial performance for the first quarter of the year. In its earnings release, Etsy, Inc. (NASDAQ:ETSY) said it swung to a net loss of $52 million from a $63 million net profit in the same period a year earlier, reflecting an impairment charge of $101.7 million to the goodwill of Reverb. Revenues, on the other hand, ended flat at $651 million, but were driven by significant growth in on-site advertising revenue for both Etsy and Depop, a full quarter impact of the seller set-up fee, and continued benefit from Payments expansion. Further weighing down on the sentiment was a notable decline in the number of active buyers year-on-year, down 3.4 percent to 88.5 million. 'We are keeping a clear eye on Etsy's long-term opportunities, while also staying nimble in the face of uncertainty given recent tariff announcements and the fluid state of consumer confidence in our core markets,' said ETSY Chief Financial Officer Lanny Baker. Overall, ETSY ranks 9th on our list of worst-performing stocks on Wednesday. While we acknowledge the potential of ETSY as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than ETSY but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
Associated Press
19-03-2025
- Business
- Associated Press
Etsy Announces Inducement Grant Under Nasdaq Listing Rule 5635(c)(4)
BROOKLYN, N.Y., March 19, 2025 /PRNewswire/ -- Etsy, Inc. (Nasdaq: ETSY), which operates two-sided online marketplaces that connect millions of passionate and creative buyers and sellers around the world, today announced that on March 17, 2025, Etsy granted an inducement performance stock unit award consisting of 45,064 shares of Etsy's common stock to Lanny Baker, who joined Etsy as its Chief Financial Officer effective January 1, 2025. The awards were granted under the Etsy, Inc. 2024 Inducement Plan (the '2024 Inducement Plan') as a material inducement to Mr. Baker's entering into employment with Etsy, in accordance with Nasdaq Listing Rule 5635(c)(4). The performance stock units are earned based on Etsy's achievement of certain performance targets set by Etsy's Compensation Committee, and vest over a three year performance period subject to continued employment with Etsy through each vesting date. The performance stock units are subject to the terms and conditions of the 2024 Inducement Plan and the terms and conditions of a performance stock unit agreement covering the grant. The 2024 Inducement Plan was adopted by Etsy's Board of Directors on December 12, 2024, and may only be used for grants to employees commencing employment with Etsy, or being rehired following a bona fide period of non-employment, and must provide a material inducement to entering into such employment, pursuant to Nasdaq Listing Rule 5635(c)(4). About Etsy Etsy, Inc. operates two-sided online marketplaces that connect millions of passionate and creative buyers and sellers around the world. These marketplaces share a mission to 'Keep Commerce Human,' and we're committed to using the power of business and technology to strengthen communities and empower people. Our primary marketplace, is the global destination for unique and creative goods. Buyers come to Etsy to be inspired and delighted by items that are crafted and curated by creative entrepreneurs. For sellers, we offer a range of tools and services that address key business needs. Etsy, Inc.'s 'House of Brands' portfolio also includes Reverb Holdings, Inc. our musical instrument marketplace, and Depop Limited, our fashion resale marketplace. Each Etsy, Inc. marketplace primarily operates independently, while benefiting from shared expertise in product development, marketing, technology, and customer support. Etsy was founded in 2005 and is headquartered in Brooklyn, New York. Etsy has used, and intends to continue using, its Investor Relations website and the Etsy News Blog ( to disclose material non-public information and to comply with its disclosure obligations under Regulation FD. Accordingly, you should monitor our investor relations website and the Etsy News Blog in addition to following our press releases, SEC filings, and public conference calls and webcasts.
