Etsy, Inc. (NASDAQ:ETSY - Get Free Report) insider Nicholas Daniel sold 750 shares of Etsy stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $66.01, for a total value of $49,507.50. Following the completion of the transaction, the insider now owns 19,682 shares in the company, valued at approximately $1,299,208.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Nicholas Daniel also recently made the following trade(s):
- On Tuesday, February 27th, Nicholas Daniel sold 1,500 shares of Etsy stock. The stock was sold at an average price of $71.82, for a total value of $107,730.00.
Etsy Trading Down 0.0 %
Shares of ETSY opened at $65.15 on Thursday. The firm has a market cap of $7.72 billion, a PE ratio of 29.08, a P/E/G ratio of 4.51 and a beta of 2.01. The firm has a fifty day simple moving average of $70.97 and a two-hundred day simple moving average of $71.14. Etsy, Inc. has a 1-year low of $58.20 and a 1-year high of $114.73.
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Etsy (NASDAQ:ETSY - Get Free Report) last announced its earnings results on Wednesday, February 21st. The specialty retailer reported $0.78 earnings per share for the quarter, meeting analysts' consensus estimates of $0.78. The business had revenue of $842.32 million during the quarter, compared to analyst estimates of $827.40 million. Etsy had a net margin of 11.19% and a negative return on equity of 70.75%. As a group, research analysts forecast that Etsy, Inc. will post 2.6 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Several research analysts have recently commented on the company. The Goldman Sachs Group downgraded Etsy from a "buy" rating to a "neutral" rating and decreased their price objective for the stock from $84.00 to $80.00 in a report on Wednesday, January 10th. Wolfe Research lifted their price objective on Etsy from $76.00 to $100.00 and gave the company an "outperform" rating in a research report on Thursday, December 14th. Raymond James lifted their price objective on Etsy from $70.00 to $90.00 and gave the company an "outperform" rating in a research report on Thursday, December 14th. Evercore ISI cut their price objective on Etsy from $95.00 to $90.00 and set an "outperform" rating on the stock in a research report on Thursday, February 22nd. Finally, BTIG Research cut their price objective on Etsy from $90.00 to $87.00 and set a "buy" rating on the stock in a research report on Thursday, February 22nd. Two analysts have rated the stock with a sell rating, ten have given a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, Etsy has a consensus rating of "Hold" and an average price target of $88.88.
View Our Latest Stock Analysis on Etsy
Institutional Investors Weigh In On Etsy
A number of hedge funds have recently added to or reduced their stakes in the stock. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Etsy by 23.0% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 309,333 shares of the specialty retailer's stock worth $19,977,000 after purchasing an additional 57,785 shares in the last quarter. Northern Trust Corp increased its stake in shares of Etsy by 4.3% in the 3rd quarter. Northern Trust Corp now owns 1,194,153 shares of the specialty retailer's stock worth $77,118,000 after purchasing an additional 48,934 shares in the last quarter. DAVENPORT & Co LLC increased its stake in shares of Etsy by 201.5% in the 3rd quarter. DAVENPORT & Co LLC now owns 579,791 shares of the specialty retailer's stock worth $37,291,000 after purchasing an additional 387,467 shares in the last quarter. CVA Family Office LLC purchased a new stake in shares of Etsy in the 4th quarter worth $27,000. Finally, Alpine Global Management LLC purchased a new stake in shares of Etsy in the 3rd quarter worth $1,808,000. 99.53% of the stock is currently owned by hedge funds and other institutional investors.
About Etsy
(
Get Free Report)
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.
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