Etsy, Inc. (NASDAQ:ETSY) Insider Sells $64,605.00 in Stock

Etsy, Inc. (NASDAQ:ETSY) insider Nicholas Daniel sold 1,500 shares of the firm’s stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $43.07, for a total transaction of $64,605.00. Following the sale, the insider now owns 33,322 shares in the company, valued at $1,435,178.54. The trade was a 4.31 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Tuesday, April 1st, Nicholas Daniel sold 1,500 shares of Etsy stock. The shares were sold at an average price of $48.24, for a total value of $72,360.00.
• On Monday, March 3rd, Nicholas Daniel sold 1,500 shares of Etsy stock. The stock was sold at an average price of $50.48, for a total value of $75,720.00.

Etsy Stock Up 0.1 %

Shares of Etsy stock opened at $45.11 on Wednesday. The stock’s fifty day moving average is $45.62 and its two-hundred day moving average is $51.01. Etsy, Inc. has a 52 week low of $40.05 and a 52 week high of $66.93. The company has a market capitalization of $4.70 billion, a PE ratio of 19.03, a price-to-earnings-growth ratio of 2.57 and a beta of 1.78.

Etsy (NASDAQ:ETSY) last posted its quarterly earnings results on Wednesday, April 30th. The specialty retailer reported $0.46 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.04). The company had revenue of $651.18 million during the quarter, compared to analysts’ expectations of $642.22 million. Etsy had a negative return on equity of 46.62% and a net margin of 10.80%. The company’s quarterly revenue was up .8% on a year-over-year basis. During the same period in the prior year, the business earned $0.48 EPS. As a group, research analysts anticipate that Etsy, Inc. will post 2.57 earnings per share for the current year.

Institutional Trading of Etsy

A number of large investors have recently modified their holdings of ETSY. Lindbrook Capital LLC raised its position in Etsy by 55.7% during the 4th 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 raised its holdings in shares of Etsy by 112.7% in the fourth quarter. True Wealth Design LLC now owns 551 shares of the specialty retailer’s stock valued at $29,000 after acquiring an additional 292 shares in the last quarter. Hurley Capital LLC purchased a new stake in Etsy in the fourth quarter worth about $32,000. Strategic Investment Solutions Inc. IL bought a new position in Etsy during the 4th quarter worth about $34,000. Finally, Summit Securities Group LLC purchased a new position in Etsy during the 4th quarter valued at about $37,000. Hedge funds and other institutional investors own 99.53% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. The Goldman Sachs Group cut their price objective on shares of Etsy from $35.00 to $31.00 and set a “sell” rating for the company in a report on Thursday, May 1st. Barclays cut their target price on shares of Etsy from $55.00 to $53.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 30th. Loop Capital decreased their price target on shares of Etsy from $40.00 to $37.00 and set a “sell” rating on the stock in a research note on Thursday, May 1st. Evercore ISI reduced their target price on Etsy from $60.00 to $54.00 and set an “outperform” rating on the stock in a report on Thursday, May 1st. Finally, Truist Financial dropped their price target on Etsy from $70.00 to $67.00 and set a “buy” rating for the company in a research note on Wednesday, January 29th. Four equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, Etsy currently has an average rating of “Hold” and an average target price of $50.14.

About Etsy

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.