Shares of Etsy (ETSY) - Get Report are up 13% after reporting a "remarkable quarter," TheStreet's Jim Cramer, co-manager of the Action Alerts PLUS portfolio, said on CNBC's "Stop Trading" segment Wednesday.
The company missed on earnings per share estimates but topped revenue expectations as sales grew 39% year over year. The company also posted a 64% adoption rate for its mobile app.
"The stock is flying and justifiably so," Cramer said. Etsy is living up to it potential. The stock got off to a rocky start, falling to around $6 per share earlier this year. Since then the stock has more than doubled.
At the time of publication, Cramer's Action Alerts PLUS had no position in companies mentioned.