TwinsTalkStocks, 9 year old twins Ashay Jorel & Devin Kalel, craft a story about Etsy (Etsy)
The ticker symbol is its name – Etsy.
Etsy started in 2005, 11 years ago.
It had its IPO last April. On April 16th, 2015, the IPO price was $16. It opened for trading that day at $30.
Etsy is a marketplace for handmade items. You can even buy origami crafts. Today we’ll show you how to make a symbol of Batman v Superman.
Etsy reports earnings tomorrow Tuesday May 3rd after the market closes. It closed at $8.51 today, May 2nd.
On Tuesday April 26th, more than 4,000 June 10 calls were bought at an average of 60 cents. This implies that buyers expect good earnings from Etsy when it reports. These call buyers expect Etsy will trade at $10.70 or higher by June 17th (when the options expire)
Etsy has 1.6 million active sellers and 24 million active buyers.
Etsy charges a 20 cent listing fee and a 3-1/2 % transaction fee.
Last year more than $2.3 billion was spent on Etsy.
54% of Etsy’s revenues come from seller services, which include:
* Pattern: its online store builder launched last month
* Promoted Listings (their version of paid search)
* Shipping (discounted postage & labels)
* Direct Checkout (payment processing)
We hope you enjoyed the origami craft.
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