Insider Selling: Etsy, Inc. (NASDAQ:ETSY) Insider Sells 750 Shares of Stock

Etsy, Inc. (NASDAQ:ETSY) insider Nicholas Daniel sold 750 shares of Etsy stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $53.15, for a total value of $39,862.50. Following the completion of the sale, the insider now directly owns 25,121 shares in the company, valued at $1,335,181.15. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Nicholas Daniel also recently made the following trade(s):

• On Tuesday, September 3rd, Nicholas Daniel sold 750 shares of Etsy stock. The stock was sold at an average price of $55.40, for a total transaction of $41,550.00.
• On Thursday, August 1st, Nicholas Daniel sold 750 shares of Etsy stock. The shares were sold at an average price of $59.74, for a total value of $44,805.00.

Etsy Trading Up 3.3 %

NASDAQ ETSY opened at $52.80 on Friday. The business’s 50-day moving average price is $55.19 and its two-hundred day moving average price is $60.57. Etsy, Inc. has a 12 month low of $50.54 and a 12 month high of $89.58. The firm has a market capitalization of $6.17 billion, a PE ratio of 24.06, a price-to-earnings-growth ratio of 5.39 and a beta of 1.97.

Etsy (NASDAQ:ETSY) last posted its quarterly earnings data on Wednesday, July 31st. The specialty retailer reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.05). The firm had revenue of $647.80 million for the quarter, compared to analyst estimates of $629.87 million. Etsy had a negative return on equity of 51.94% and a net margin of 10.36%. The company’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.83 earnings per share. As a group, analysts forecast that Etsy, Inc. will post 2.38 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Etsy

Institutional investors and hedge funds have recently made changes to their positions in the business. Marshall Wace LLP increased its stake in shares of Etsy by 304.2% in the 2nd quarter. Marshall Wace LLP now owns 1,402,216 shares of the specialty retailer’s stock valued at $82,703,000 after acquiring an additional 1,055,296 shares in the last quarter. Renaissance Technologies LLC raised its holdings in shares of Etsy by 21.1% in the 2nd quarter. Renaissance Technologies LLC now owns 4,215,370 shares of the specialty retailer’s stock worth $248,623,000 after acquiring an additional 734,200 shares during the last quarter. Van ECK Associates Corp lifted its stake in Etsy by 14.3% during the 2nd quarter. Van ECK Associates Corp now owns 5,764,064 shares of the specialty retailer’s stock valued at $339,964,000 after acquiring an additional 721,454 shares in the last quarter. Pacer Advisors Inc. lifted its position in shares of Etsy by 52.3% during the 2nd quarter. Pacer Advisors Inc. now owns 2,100,284 shares of the specialty retailer’s stock worth $123,875,000 after buying an additional 721,453 shares in the last quarter. Finally, Epoch Investment Partners Inc. raised its stake in shares of Etsy by 84.4% during the 4th quarter. Epoch Investment Partners Inc. now owns 1,309,510 shares of the specialty retailer’s stock worth $106,136,000 after purchasing an additional 599,286 shares during the period. Institutional investors own 99.53% of the company’s stock.

Wall Street Analyst Weigh In

ETSY has been the subject of several recent analyst reports. Evercore ISI raised Etsy to a “strong-buy” rating in a report on Thursday, August 1st. Wells Fargo & Company decreased their target price on Etsy from $58.00 to $47.00 and set an “underweight” rating on the stock in a research report on Thursday. Loop Capital decreased their price target on shares of Etsy from $50.00 to $45.00 and set a “sell” rating on the stock in a research note on Monday, August 12th. Stifel Nicolaus lowered their price objective on Etsy from $65.00 to $64.00 and set a “hold” rating on the stock in a research note on Thursday, August 1st. Finally, Truist Financial reiterated a “buy” rating and set a $76.00 price target on shares of Etsy in a research report on Tuesday, September 24th. Four research analysts have rated the stock with a sell rating, thirteen have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $70.22.

Etsy Company Profile

Etsy, Inc, together with its subsidiaries, operates two-sided online marketplaces that connect buyers and sellers in the United States, the United Kingdom, Germany, Canada, Australia, and France. Its primary marketplace is Etsy.com that connects artisans and entrepreneurs with various consumers. The company also offers Reverb, a musical instrument marketplace; Depop, a fashion resale marketplace; and Elo7, a Brazil-based marketplace for handmade and unique items.