Jim Cramer Discusses Etsy (ETSY)'s Share Price Movement

We recently published Jim Cramer Talked About These 14 Stocks & Discussed AI And Layoffs. Etsy, Inc. (NASDAQ:ETSY) is one of the stocks Jim Cramer recently discussed.

Online marketplace Etsy, Inc. (NASDAQ:ETSY) created quite a bit of stir earlier this week after its third-quarter earnings report. While the firm’s $678 million revenue and adjusted earnings of $0.63 beat analyst estimates, investors were blindsided by CEO Josh Silverman stepping down from the role. Cramer discussed Silverman leaving the CEO role and Etsy, Inc. (NASDAQ:ETSY)’s business environment:

“I’m looking for signs of wherever the consumer might be weak and Josh Silverman is stepping up to executive chair after eight years of being CEO. At the same time we are seeing weakness in their earnings. It was a not great miss, and I’ve got to tell you David, Etsy is either, you can say maybe the website’s not that good, or you could say well maybe people aren’t buying as much. Whatever. The stock is getting hit, in part really because of the earnings not necessarily because Josh stepped up. But I like to keep in front of us because I know Shopify is doing quite well so I’m questioning whether the problem is in Etsy and not [inaudible].”

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Disclosure: None. This article is originally published at Insider Monkey.