Key Points
- Merilee Buckley, Etsy's CAO, sold 5,636 shares on Jan. 5 at an average of $58.45 for $329,424.20 and previously sold 11,827 shares on Nov. 3 for $727,005.69.
- Etsy's board approved a $750 million stock buyback on Dec. 18, authorizing repurchases of up to about 14.2% of outstanding shares.
- Analysts are mixed: the consensus rating is "Hold" with an average price target of $64.24, while the stock trades near the middle of its 52-week range and the company has a market cap of roughly $5.78 billion.
Etsy, Inc. (NASDAQ:ETSY - Get Free Report) CAO Merilee Buckley sold 5,636 shares of the company's stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $58.45, for a total value of $329,424.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Merilee Buckley also recently made the following trade(s):
- On Monday, November 3rd, Merilee Buckley sold 11,827 shares of Etsy stock. The stock was sold at an average price of $61.47, for a total value of $727,005.69.
Etsy Stock Performance
NASDAQ ETSY opened at $58.54 on Tuesday. The stock's fifty day moving average is $56.45 and its two-hundred day moving average is $59.73. The firm has a market capitalization of $5.78 billion, a P/E ratio of 47.21, a price-to-earnings-growth ratio of 10.65 and a beta of 1.74. Etsy, Inc. has a fifty-two week low of $40.05 and a fifty-two week high of $76.51.
Etsy (NASDAQ:ETSY - Get Free Report) last announced its quarterly earnings results on Wednesday, October 29th. The specialty retailer reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.06. Etsy had a net margin of 5.78% and a negative return on equity of 31.10%. The firm had revenue of $678.03 million for the quarter, compared to analysts' expectations of $655.83 million. During the same quarter in the previous year, the company posted $0.45 EPS. The company's revenue was up 2.4% compared to the same quarter last year. As a group, sell-side analysts forecast that Etsy, Inc. will post 2.57 EPS for the current year.
Etsy announced that its board has approved a stock buyback plan on Thursday, December 18th that permits the company to buyback $750.00 million in outstanding shares. This buyback authorization permits the specialty retailer to reacquire up to 14.2% of its shares through open market purchases. Shares buyback plans are generally an indication that the company's board believes its shares are undervalued.
Wall Street Analyst Weigh In
Several research analysts recently weighed in on ETSY shares. B. Riley reiterated a "buy" rating on shares of Etsy in a research report on Thursday, October 30th. Moffett Nathanson reiterated a "neutral" rating on shares of Etsy in a report on Wednesday, October 29th. Weiss Ratings upgraded shares of Etsy from a "sell (d+)" rating to a "hold (c-)" rating in a report on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and issued a $72.00 target price on shares of Etsy in a research report on Thursday, October 23rd. Finally, Wedbush dropped their price target on shares of Etsy from $72.00 to $66.00 and set a "neutral" rating for the company in a research report on Friday, December 19th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, nineteen have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, Etsy presently has an average rating of "Hold" and an average price target of $64.24.
Check Out Our Latest Research Report on Etsy
Hedge Funds Weigh In On Etsy
Several institutional investors have recently bought and sold shares of ETSY. GAMMA Investing LLC lifted its position in shares of Etsy by 6.6% during the fourth quarter. GAMMA Investing LLC now owns 3,333 shares of the specialty retailer's stock worth $185,000 after purchasing an additional 205 shares in the last quarter. Keel Point LLC acquired a new stake in Etsy during the 3rd quarter worth approximately $205,000. IFP Advisors Inc boosted its position in Etsy by 40.9% in the 3rd quarter. IFP Advisors Inc now owns 5,638 shares of the specialty retailer's stock valued at $376,000 after buying an additional 1,637 shares during the period. Swiss Life Asset Management Ltd acquired a new position in shares of Etsy in the third quarter worth $287,000. Finally, Danske Bank A S purchased a new stake in shares of Etsy during the third quarter worth $66,000. 99.53% of the stock is owned by institutional investors and hedge funds.
About Etsy
(
Get Free Report)
Etsy, Inc (NASDAQ: ETSY) operates a global e-commerce marketplace focused on handmade, vintage and unique goods. The platform connects individual artisans, small businesses and collectors with buyers seeking one-of-a-kind items, ranging from handcrafted jewelry and clothing to home décor and art supplies. Etsy's revenue is primarily generated through listing fees, transaction fees on sales and optional seller services such as advertising and shipping labels.
Founded in 2005 and headquartered in Brooklyn, New York, Etsy has cultivated a community-driven ethos, encouraging sustainable practices and personal entrepreneurship.
Further Reading
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