Key Points
- Josh Silverman, Etsy’s CEO, sold 70,000 shares on April 21 under a pre‑arranged Rule 10b5‑1 plan at $65/share for about $4.55M, leaving him with 130,694 shares (a 34.88% reduction); the transaction was disclosed on an SEC Form 4.
- Silverman has conducted multiple recent dispositions (additional sales in April and February), totaling roughly 164,553 shares sold in the recent period, signaling a notable reduction in his direct stake despite the trades being pre‑planned.
- Shares traded lower (down about 4% on the report) amid mixed analyst views—Raymond James and Truist raised targets to $75 and $83 respectively, while Zacks downgraded to Hold and the consensus rating remains Hold with a $61.88 price target.
Etsy Inc (NYSE:ETSY - Get Free Report) insider Josh Silverman sold 70,000 shares of the firm's stock in a transaction dated Tuesday, April 21st. The stock was sold at an average price of $65.00, for a total transaction of $4,550,000.00. Following the sale, the insider owned 130,694 shares of the company's stock, valued at approximately $8,495,110. This represents a 34.88% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Josh Silverman also recently made the following trade(s):
- On Monday, April 20th, Josh Silverman sold 30,369 shares of Etsy stock. The stock was sold at an average price of $64.00, for a total transaction of $1,943,616.00.
- On Thursday, April 16th, Josh Silverman sold 24,296 shares of Etsy stock. The stock was sold at an average price of $59.00, for a total transaction of $1,433,464.00.
- On Monday, April 6th, Josh Silverman sold 12,148 shares of Etsy stock. The stock was sold at an average price of $54.00, for a total transaction of $655,992.00.
- On Wednesday, April 1st, Josh Silverman sold 6,074 shares of Etsy stock. The stock was sold at an average price of $49.07, for a total transaction of $298,051.18.
- On Monday, February 2nd, Josh Silverman sold 21,666 shares of Etsy stock. The stock was sold at an average price of $53.26, for a total value of $1,153,931.16.
Etsy Stock Down 4.0%
ETSY opened at $63.41 on Friday. Etsy Inc has a fifty-two week low of $41.51 and a fifty-two week high of $76.51. The firm has a market capitalization of $6.02 billion, a P/E ratio of 48.41, a P/E/G ratio of 10.05 and a beta of 1.77. The stock's fifty day moving average price is $53.55.
Etsy (NYSE:ETSY - Get Free Report) last posted its earnings results on Thursday, February 19th. The company reported $0.92 earnings per share for the quarter, topping analysts' consensus estimates of $0.88 by $0.04. Etsy had a negative return on equity of 24.94% and a net margin of 5.65%.The company had revenue of $881.64 million during the quarter. As a group, sell-side analysts expect that Etsy Inc will post 3.12 EPS for the current year.
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of the stock. EFG International AG bought a new position in Etsy in the fourth quarter valued at about $33,000. SJS Investment Consulting Inc. grew its position in Etsy by 12,600.0% in the third quarter. SJS Investment Consulting Inc. now owns 762 shares of the company's stock valued at $51,000 after acquiring an additional 756 shares during the last quarter. Abich Financial Wealth Management LLC bought a new position in Etsy in the third quarter valued at about $51,000. Salomon & Ludwin LLC bought a new position in Etsy in the third quarter valued at about $55,000. Finally, Blue Trust Inc. grew its position in Etsy by 19.3% in the first 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. Institutional investors own 99.53% of the company's stock.
Key Etsy News
Here are the key news stories impacting Etsy this week:
- Positive Sentiment: Raymond James raised its price target to $75 from $60 and kept an Outperform rating, arguing the pullback may be stabilizing and signalling upside if growth metrics improve. Raymond James Just Lifted Etsy’s Target to $75
- Positive Sentiment: An investor note from The Motley Fool calls ETSY “under‑the‑radar” and argues the stock looks cheap versus its history and peers, which could attract value‑oriented buyers if fundamentals stabilize. This Under‑the‑Radar E-Commerce Stock Is Down from Its Highs
- Neutral Sentiment: Marketplace signals are mixed but constructive: recent call transcripts show GMS weakness narrowing (improvement vs prior quarter) and active buyers remain near record levels — indicating demand resilience even as growth moderates. Etsy Q2 2024 Earnings Call Transcript
- Neutral Sentiment: Several trend pieces highlight category strength (plus‑size handmade apparel, personalization and jewelry). These are supportive for long‑term GMV potential but are incremental and not immediate earnings drivers. Etsy’s handmade plus-size market rises Etsy trends every handmade seller should know
- Negative Sentiment: Insider selling: CEO Josh Silverman sold 70,000 shares under a Rule 10b5‑1 plan (approx. $4.55M at $65/share), reducing his direct stake materially — a near‑term negative signal for investor sentiment despite being pre‑arranged. SEC filing and details. SEC Form 4 — Josh Silverman sale
- Negative Sentiment: Zacks downgraded ETSY from Strong Buy to Hold, reducing near‑term buy pressure and reinforcing caution ahead of the company’s upcoming earnings release. Zacks Downgrades Etsy to Hold
Analyst Upgrades and Downgrades
ETSY has been the topic of a number of recent analyst reports. Truist Financial raised their price target on Etsy from $80.00 to $83.00 and gave the stock a "buy" rating in a research report on Friday, February 20th. B. Riley Financial decreased their price target on Etsy from $78.00 to $70.00 and set a "buy" rating on the stock in a research report on Friday, February 20th. Jefferies Financial Group decreased their price target on Etsy from $62.00 to $55.00 and set a "hold" rating on the stock in a research report on Thursday, February 12th. Raymond James Financial restated an "outperform" rating and issued a $75.00 price target on shares of Etsy in a research report on Thursday. Finally, Citigroup restated a "buy" rating on shares of Etsy in a research report on Tuesday, December 30th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, eighteen have assigned a Hold rating and three have assigned 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 $61.88.
Get Our Latest Stock Analysis on ETSY
About Etsy
(
Get Free Report)
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.
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