669 Shares in Etsy, Inc. (NASDAQ:ETSY) Bought by GAMMA Investing LLC

GAMMA Investing LLC bought a new position in shares of Etsy, Inc. (NASDAQ:ETSY) during the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 669 shares of the specialty retailer’s stock, valued at approximately $54,000.

Other institutional investors have also added to or reduced their stakes in the company. CVA Family Office LLC acquired a new position in Etsy during the fourth quarter worth $27,000. Operose Advisors LLC acquired a new position in Etsy during the third quarter worth $28,000. Tompkins Financial Corp acquired a new position in Etsy during the fourth quarter worth $41,000. KB Financial Partners LLC increased its holdings in shares of Etsy by 99.5% in the third quarter. KB Financial Partners LLC now owns 836 shares of the specialty retailer’s stock valued at $54,000 after purchasing an additional 417 shares during the last quarter. Finally, Signaturefd LLC increased its holdings in shares of Etsy by 33.1% in the third quarter. Signaturefd LLC now owns 1,103 shares of the specialty retailer’s stock valued at $71,000 after purchasing an additional 274 shares during the last quarter. 99.53% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Nicholas Daniel sold 1,500 shares of the company’s stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $71.82, for a total value of $107,730.00. Following the completion of the transaction, the insider now owns 13,138 shares of the company’s stock, valued at $943,571.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Nicholas Daniel sold 1,500 shares of the company’s stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $71.82, for a total value of $107,730.00. Following the completion of the transaction, the insider now owns 13,138 shares of the company’s stock, valued at $943,571.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Josh Silverman sold 63,047 shares of the company’s stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $72.50, for a total value of $4,570,907.50. Following the completion of the transaction, the chief executive officer now directly owns 23,140 shares of the company’s stock, valued at approximately $1,677,650. The disclosure for this sale can be found here. Insiders sold 66,968 shares of company stock valued at $4,836,827 over the last quarter. 2.60% of the stock is owned by company insiders.

Etsy Trading Up 1.6 %

Shares of NASDAQ ETSY opened at $69.74 on Thursday. The company has a market cap of $8.16 billion, a price-to-earnings ratio of 31.00, a PEG ratio of 4.79 and a beta of 2.01. Etsy, Inc. has a 12 month low of $58.20 and a 12 month high of $102.81. The stock has a 50-day moving average price of $68.42 and a two-hundred day moving average price of $71.66.

Etsy (NASDAQ:ETSY) last issued its earnings results on Wednesday, February 21st. The specialty retailer reported $0.78 EPS for the quarter, hitting the consensus estimate of $0.78. The firm had revenue of $842.32 million during the quarter, compared to the consensus estimate of $827.40 million. Etsy had a negative return on equity of 70.75% and a net margin of 11.19%. On average, sell-side analysts predict that Etsy, Inc. will post 2.58 earnings per share for the current year.

Wall Street Analyst Weigh In

ETSY has been the topic of several research reports. BTIG Research decreased their price objective on shares of Etsy from $90.00 to $87.00 and set a “buy” rating on the stock in a report on Thursday, February 22nd. Wedbush decreased their price objective on shares of Etsy from $80.00 to $70.00 and set a “neutral” rating on the stock in a report on Wednesday, April 24th. Wells Fargo & Company decreased their price objective on shares of Etsy from $62.00 to $60.00 and set an “underweight” rating on the stock in a report on Thursday, April 4th. Oppenheimer reduced their target price on shares of Etsy from $95.00 to $80.00 and set an “outperform” rating for the company in a research report on Monday. Finally, Piper Sandler boosted their target price on shares of Etsy from $90.00 to $103.00 and gave the company an “overweight” rating in a research report on Thursday, February 22nd. Three analysts have rated the stock with a sell rating, ten have given a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, Etsy currently has a consensus rating of “Hold” and an average target price of $84.04.

Etsy 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.