ETSY - Etsy Is Buying Its Own Stock. Should Investors Follow Suit?
2024-03-04 09:15:00 ET
Etsy (NASDAQ: ETSY) thinks its stock is a pretty good deal right now -- at least, that's the impression investors got from the marketplace platform provider's recent earnings announcement.
In that report, management revealed that it spent $100 million on stock repurchases in the past quarter. The initiative represented a shift toward returning more capital to shareholders through buybacks, executives explained.
Let's take a look at that move, and whether investors should see it as a signal to buy the stock today.
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Etsy Is Buying Its Own Stock. Should Investors Follow Suit?