11 Best Stocks to Buy in Falling Markets Now

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6. Etsy Inc. (NASDAQ:ETSY)

Number of Hedge Fund Holders: 45     

Decline in Share Price Over Past 12 Months: 22.9%

Etsy Inc. (NASDAQ:ETSY) operates two-sided online marketplaces that connect buyers and sellers primarily in the United States, the United Kingdom, Germany, Canada, Australia, France, and India. This company emerges as a prime investment opportunity for several reasons. First and foremost, the company’s ability to generate growth through diverse revenue streams and efficient monetization of its platform is reflected in the report for the third quarter of 2024. For instance, consolidated revenue was $662.4 million, increasing 4.1% versus the third quarter of the prior year, with a take rate (i.e., consolidated revenue divided by consolidated GMS) of 22.7%. The positive revenue growth was driven by growth in both Marketplace and Services revenue, with payments revenue driving Marketplace revenue performance and Etsy Ads the primary driver of Services revenue growth.

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