Key Points
- Etsy director Marla Blow sold 300 shares on Nov. 20 at an average price of $52.35 for $15,705, leaving her with 9,191 shares (a 3.16% reduction in her position).
- Recent quarter: Etsy reported EPS of $0.63 (vs. $0.57 expected) and revenue of $678.03M (vs. $655.83M), with revenue up 2.4% YoY but a negative ROE of 31.1% and a net margin of 5.78%.
- The stock traded at $53.12 (up $1.55) with a market cap of $5.24B and a 12‑month range of $40.05–$76.51; analysts' consensus is a "Hold" with a $64.24 target and institutional ownership around 99.5%.
Etsy, Inc. (NASDAQ:ETSY - Get Free Report) Director Marla Blow sold 300 shares of the company's stock in a transaction dated Thursday, November 20th. The shares were sold at an average price of $52.35, for a total transaction of $15,705.00. Following the transaction, the director owned 9,191 shares in the company, valued at $481,148.85. This represents a 3.16% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Etsy Price Performance
Shares of ETSY traded up $1.55 during trading hours on Friday, hitting $53.12. The stock had a trading volume of 4,123,740 shares, compared to its average volume of 5,030,050. Etsy, Inc. has a 12 month low of $40.05 and a 12 month high of $76.51. The stock has a fifty day moving average price of $65.15 and a 200 day moving average price of $59.25. The firm has a market capitalization of $5.24 billion, a PE ratio of 42.83, a PEG ratio of 10.65 and a beta of 1.87.
Etsy (NASDAQ:ETSY - Get Free Report) last announced its earnings results on Wednesday, October 29th. The specialty retailer reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.06. The business had revenue of $678.03 million for the quarter, compared to analysts' expectations of $655.83 million. Etsy had a negative return on equity of 31.10% and a net margin of 5.78%.The business's revenue for the quarter was up 2.4% on a year-over-year basis. During the same period last year, the firm posted $0.45 earnings per share. As a group, analysts anticipate that Etsy, Inc. will post 2.57 EPS for the current fiscal year.
Institutional Investors Weigh In On Etsy
Institutional investors have recently added to or reduced their stakes in the stock. KLP Kapitalforvaltning AS grew its stake in Etsy by 12.9% during the first quarter. KLP Kapitalforvaltning AS now owns 27,100 shares of the specialty retailer's stock valued at $1,279,000 after acquiring an additional 3,100 shares in the last quarter. Oak Thistle LLC bought a new position in shares of Etsy during the 1st quarter valued at about $520,000. SYM FINANCIAL Corp purchased a new position in shares of Etsy during the first quarter valued at about $207,000. Cetera Investment Advisers increased its holdings in shares of Etsy by 12.7% in the first quarter. Cetera Investment Advisers now owns 6,941 shares of the specialty retailer's stock worth $327,000 after purchasing an additional 781 shares during the last quarter. Finally, Assetmark Inc. lifted its position in shares of Etsy by 6.7% in the first quarter. Assetmark Inc. now owns 27,498 shares of the specialty retailer's stock worth $1,297,000 after buying an additional 1,734 shares in the last quarter. 99.53% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several analysts recently issued reports on ETSY shares. Guggenheim restated a "buy" rating and set a $70.00 target price on shares of Etsy in a research report on Thursday, September 18th. Barclays boosted their price objective on shares of Etsy from $60.00 to $62.00 and gave the company an "equal weight" rating in a research report on Thursday, October 30th. B. Riley reaffirmed a "buy" rating on shares of Etsy in a report on Thursday, October 30th. Evercore ISI downgraded Etsy from a "strong-buy" rating to a "hold" rating in a research report on Thursday, October 30th. Finally, Piper Sandler restated a "neutral" rating on shares of Etsy in a research report on Wednesday, October 29th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, nineteen have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, Etsy presently has an average rating of "Hold" and a consensus target price of $64.24.
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About Etsy
(
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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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