Etsy (NYSE:ETSY) CAO Sells 881 Shares of Stock

Etsy Inc (NYSE:ETSY) CAO Merilee Buckley sold 881 shares of the stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $75.35, for a total transaction of $66,383.35. Following the sale, the chief accounting officer directly owned 405 shares of the company’s stock, valued at $30,516.75. This represents a 68.51% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Etsy Stock Performance

Shares of NYSE ETSY traded down $0.27 during midday trading on Wednesday, reaching $77.32. The stock had a trading volume of 2,036,833 shares, compared to its average volume of 3,345,405. The firm has a market cap of $7.34 billion, a price-to-earnings ratio of 32.22, a price-to-earnings-growth ratio of 3.12 and a beta of 1.83. Etsy Inc has a twelve month low of $44.00 and a twelve month high of $80.41. The company’s 50 day moving average price is $68.03 and its 200 day moving average price is $59.75.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. raised its stake in Etsy by 48.0% during the 2nd quarter. Assenagon Asset Management S.A. now owns 1,613,333 shares of the company’s stock worth $121,532,000 after buying an additional 523,092 shares during the period. GAMMA Investing LLC grew its stake in Etsy by 24.6% in the second quarter. GAMMA Investing LLC now owns 3,800 shares of the company’s stock valued at $286,000 after acquiring an additional 750 shares during the period. CoreCap Advisors LLC increased its holdings in shares of Etsy by 2,379.1% during the second quarter. CoreCap Advisors LLC now owns 1,066 shares of the company’s stock valued at $80,000 after acquiring an additional 1,023 shares in the last quarter. Pacer Advisors Inc. increased its holdings in shares of Etsy by 5.7% during the first quarter. Pacer Advisors Inc. now owns 488,585 shares of the company’s stock valued at $24,419,000 after acquiring an additional 26,257 shares in the last quarter. Finally, Janus Henderson Group PLC raised its position in shares of Etsy by 627.2% during the first quarter. Janus Henderson Group PLC now owns 279,407 shares of the company’s stock worth $13,962,000 after purchasing an additional 240,986 shares during the period. 99.53% of the stock is owned by institutional investors and hedge funds.

More Etsy News

Here are the key news stories impacting Etsy this week:

• Positive Sentiment: Recent analysis highlights improving buyer activity at Etsy, including the first sequential increase in active buyers in two years, higher spend per buyer, and stronger app-based sales, which could support revenue and cash flow growth. Is Etsy’s Buyer Rebound and App Engagement Shift Altering The Investment Case For Etsy (ETSY)?
• Positive Sentiment: Another recent note argues Etsy’s AI seller tools could reduce friction for merchants, improve listing quality, and help accelerate marketplace growth over time. Etsy’s Seller Tools Could Unlock Faster Marketplace Growth
• Neutral Sentiment: Valuation-focused commentary says Etsy may look attractive on cash-flow estimates, but still expensive on earnings multiples, suggesting the stock’s upside depends on whether the recent operational rebound continues. Is Etsy (ETSY) Stock Cheap On Cash Flow Or Expensive On Earnings?
• Negative Sentiment: CEO Josh Silverman sold 92,404 shares and Director Frederick Wilson sold 20,000 shares under 10b5-1 plans, while CAO Merilee Buckley also sold shares; multiple insider sales can weigh on investor sentiment even if they were prearranged. Josh Silverman Sells 92,404 Shares of Etsy (NYSE:ETSY) Stock Frederick Wilson Sells 20,000 Shares of Etsy (NYSE:ETSY) Stock
• Negative Sentiment: A market note also said Etsy shares were trading down, reinforcing that the stock is under some near-term pressure despite improving fundamentals. Etsy and CarGurus stocks trade down, what you need to know

Analyst Upgrades and Downgrades

ETSY has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. increased their price target on Etsy from $75.00 to $78.00 and gave the stock a “neutral” rating in a report on Friday, June 12th. Canaccord Genuity Group upped their target price on Etsy from $72.00 to $80.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Wall Street Zen cut Etsy from a “buy” rating to a “hold” rating in a research note on Sunday, May 31st. Raymond James Financial downgraded Etsy from an “outperform” rating to an “outperform” rating in a report on Thursday, May 21st. Finally, Cantor Fitzgerald boosted their price target on Etsy from $51.00 to $59.00 and gave the company a “neutral” rating in a research note on Tuesday, April 21st. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, nineteen have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $71.80.

About Etsy

Etsy, Inc operates two-sided online marketplaces that connect buyers and sellers primarily in the United States, the United Kingdom, Germany, Canada, Australia, France, and India. 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. In addition, it offers various seller services, including Etsy Payments, a payment processing service; Etsy Ads, an advertising platform; and Shipping Labels, which allows sellers in the United States, Canada, the United Kingdom, Australia, and India to purchase discounted shipping labels.