Etsy (NYSE:ETSY) Stock: Insider Merilee Buckley Sells 1,396 Shares

Etsy Inc (NYSE:ETSY) CAO Merilee Buckley sold 1,396 shares of Etsy stock in a transaction dated Monday, October 5th. The shares were sold at an average price of $71.35, for a total transaction of $99,604.60. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Merilee Buckley also recently made the following trade(s):

• On Monday, August 17th, Merilee Buckley sold 405 shares of Etsy stock. The stock was sold at an average price of $79.50, for a total transaction of $32,197.50.

Etsy Stock Performance

NYSE:ETSY opened at $75.08 on Friday. The stock has a market capitalization of $7.12 billion, a P/E ratio of 41.94, a PEG ratio of 1.78 and a beta of 1.86. The company has a 50 day moving average price of $77.30 and a 200 day moving average price of $70.74. Etsy Inc has a fifty-two week low of $44.00 and a fifty-two week high of $87.97.

Etsy (NYSE:ETSY) last announced its earnings results on Wednesday, August 5th. The company reported ($0.49) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.75 by ($1.24). Etsy had a net margin of 7.32% and a negative return on equity of 34.18%. The firm had revenue of $668.31 million during the quarter, compared to analysts’ expectations of $646.10 million. During the same period in the previous year, the firm earned $0.25 EPS. The firm’s revenue for the quarter was down .7% compared to the same quarter last year. Research analysts forecast that Etsy Inc will post 3.94 earnings per share for the current fiscal year.

Key Headlines Impacting Etsy

Here are the key news stories impacting Etsy this week:

• Positive Sentiment: Consumer-focused articles continue to highlight Etsy’s unusual, personalized, and handmade products, reinforcing the platform’s appeal and potentially supporting buyer traffic and seller activity. However, these features are not material financial announcements. Etsy product feature
• Neutral Sentiment: New guides showing prospective merchants how to open Etsy shops and create products could encourage seller participation, but they do not represent a direct change to Etsy’s financial outlook. Guide to opening an Etsy shop
• Negative Sentiment: Artists are reportedly criticizing Etsy for becoming crowded with AI-generated and copied designs. A separate dispute involving allegedly stolen Disney-related AI designs adds to concerns about counterfeit goods, marketplace quality, brand trust, and Etsy’s ability to enforce its creative-content standards. These issues could hurt seller retention and customer confidence if they persist. Artists criticize AI and copied works on Etsy Disney design dispute
• Negative Sentiment: Zacks Research downgraded Etsy from “strong buy” to “hold,” potentially weighing on investor confidence and signaling less near-term upside. Zacks downgrades Etsy
• Negative Sentiment: Chief Accounting Officer Merilee Buckley sold 1,396 shares, while insider Richard Edward Colburn III sold 4,472 shares. Both transactions were made under pre-arranged Rule 10b5-1 plans, reducing their value as discretionary bearish signals, but the sales may still create modest pressure on sentiment. Etsy insider sales

Hedge Funds Weigh In On Etsy

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Global Retirement Partners LLC acquired a new stake in Etsy in the second quarter valued at $34,000. EFG International AG acquired a new position in shares of Etsy during the 2nd quarter worth about $45,000. CoreCap Advisors LLC increased its holdings in shares of Etsy by 2,379.1% in the 2nd 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 during the last quarter. Blue Trust Inc. increased its holdings in shares of Etsy by 19.3% in the 1st quarter. Blue Trust Inc. now owns 1,238 shares of the company’s stock valued at $62,000 after acquiring an additional 200 shares during the last quarter. Finally, Johnson Financial Group Inc. acquired a new stake in shares of Etsy during the 2nd quarter worth about $105,000. 99.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ETSY has been the subject of a number of research analyst reports. Seaport Research Partners upgraded Etsy to a “buy” rating in a report on Thursday, August 20th. Arete Research set a $81.00 price objective on shares of Etsy and gave the company a “neutral” rating in a report on Thursday, September 24th. President Capital raised shares of Etsy from a “neutral” rating to a “buy” rating and upped their target price for the stock from $57.00 to $91.00 in a research note on Thursday, June 25th. Cantor Fitzgerald increased their target price on shares of Etsy from $80.00 to $85.00 and gave the stock a “neutral” rating in a report on Friday, August 7th. Finally, Canaccord Genuity Group set a $92.00 target price on shares of Etsy in a report on Thursday, August 6th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, eighteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $86.21.

Etsy Company Profile

Etsy, Inc operates a global online marketplace focused on unique and creative goods. Its platform connects buyers with independent sellers offering handmade products, vintage items, craft supplies, personalized merchandise, home décor, jewelry, clothing, and other specialty goods.

The company generates revenue primarily through marketplace services, including seller listing and transaction fees, payment processing, advertising, and other seller-focused services. Etsy also provides tools intended to help independent merchants manage their shops, market products, process orders, and reach customers.

Founded in 2005 and headquartered in Brooklyn, New York, Etsy serves buyers and sellers in numerous countries.