Etsy, Inc. (NASDAQ:ETSY) Insider Sells $69,745.20 in Stock

Etsy, Inc. (NASDAQ:ETSY) insider Toni Thompson Nadal sold 1,444 shares of the stock in a transaction dated Thursday, April 3rd. The stock was sold at an average price of $48.30, for a total transaction of $69,745.20. Following the completion of the transaction, the insider now directly owns 592 shares of the company’s stock, valued at $28,593.60. This trade represents a 70.92 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Etsy Price Performance

Shares of NASDAQ:ETSY opened at $44.42 on Friday. Etsy, Inc. has a 1 year low of $43.43 and a 1 year high of $71.72. The business’s 50-day moving average is $50.45 and its 200-day moving average is $52.43. The company has a market capitalization of $4.76 billion, a price-to-earnings ratio of 18.74, a P/E/G ratio of 2.57 and a beta of 2.15.

Etsy (NASDAQ:ETSY) last issued its quarterly earnings results on Wednesday, February 19th. The specialty retailer reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.08. The firm had revenue of $852.16 million for the quarter, compared to analyst estimates of $861.37 million. Etsy had a negative return on equity of 46.62% and a net margin of 10.80%. The company’s revenue was up 1.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.62 earnings per share. Analysts anticipate that Etsy, Inc. will post 2.57 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Lindbrook Capital LLC increased its stake in Etsy by 55.7% in the fourth quarter. Lindbrook Capital LLC now owns 506 shares of the specialty retailer’s stock valued at $27,000 after purchasing an additional 181 shares in the last quarter. True Wealth Design LLC grew its stake in shares of Etsy by 112.7% in the 4th quarter. True Wealth Design LLC now owns 551 shares of the specialty retailer’s stock valued at $29,000 after buying an additional 292 shares during the period. Hurley Capital LLC bought a new stake in Etsy in the 4th quarter valued at about $32,000. Strategic Investment Solutions Inc. IL acquired a new position in Etsy during the 4th quarter worth approximately $34,000. Finally, Summit Securities Group LLC bought a new position in Etsy in the fourth quarter worth approximately $37,000. 99.53% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently commented on ETSY shares. Canaccord Genuity Group dropped their price objective on shares of Etsy from $105.00 to $76.00 and set a “buy” rating for the company in a research note on Thursday, February 20th. Stifel Nicolaus dropped their price target on Etsy from $56.00 to $51.00 and set a “hold” rating for the company in a research note on Thursday, February 20th. Loop Capital cut their price objective on Etsy from $45.00 to $40.00 and set a “sell” rating on the stock in a report on Thursday, February 20th. Needham & Company LLC reiterated a “buy” rating and issued a $60.00 target price on shares of Etsy in a research report on Thursday, February 20th. Finally, UBS Group cut their price target on Etsy from $55.00 to $54.00 and set a “neutral” rating on the stock in a research note on Thursday, February 20th. Four research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $58.38.

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.