Retail Investors Sell Out of Etsy Stock (ETSY) One Month On From Mixed Q1 Earnings
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Retail investors have sold out of Etsy stock (ETSY) following its mixed Q1 earnings report. Despite reporting a 5.5% year-over-year increase in gross merchandise sales to $2.5 billion and a revenue of $631 million with a 29.3% adjusted EBITDA margin, concerns over purchase frequency and external challenges persist. The stock has risen 35% in the last three months, but the number of retail investors holding ETSY has decreased, indicating a shift in sentiment.
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