Etsy Inc (NYSE:ETSY - Get Free Report) insider Josh Silverman sold 36,443 shares of the stock in a transaction dated Wednesday, April 29th. The shares were sold at an average price of $69.00, for a total transaction of $2,514,567.00. Following the completion of the sale, the insider owned 130,694 shares of the company's stock, valued at approximately $9,017,886. The trade was a 21.80% 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 Tuesday, April 21st, Josh Silverman sold 70,000 shares of Etsy stock. The shares were sold at an average price of $65.00, for a total transaction of $4,550,000.00.
- On Monday, April 20th, Josh Silverman sold 30,369 shares of Etsy stock. The shares were 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 shares were 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 shares were 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 shares were 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 shares were sold at an average price of $53.26, for a total transaction of $1,153,931.16.
Etsy Stock Performance
ETSY stock opened at $63.16 on Friday. The firm has a market cap of $5.99 billion, a P/E ratio of 26.32, a price-to-earnings-growth ratio of 9.65 and a beta of 1.77. Etsy Inc has a 12 month low of $42.97 and a 12 month high of $76.51. The company has a 50-day simple moving average of $55.48.
Etsy (NYSE:ETSY - Get Free Report) last released its quarterly earnings data on Thursday, February 19th. The company reported $0.92 EPS for the quarter, beating analysts' consensus estimates of $0.88 by $0.04. The company had revenue of $881.64 million during the quarter. Etsy had a net margin of 9.94% and a negative return on equity of 28.60%. As a group, analysts anticipate that Etsy Inc will post 3.16 earnings per share for the current year.
Hedge Funds Weigh In On Etsy
A number of hedge funds have recently made changes to their positions in the stock. AQR Capital Management LLC lifted its holdings in Etsy by 40.1% during the 4th quarter. AQR Capital Management LLC now owns 4,111,639 shares of the company's stock worth $227,785,000 after buying an additional 1,177,301 shares in the last quarter. Lone Pine Capital LLC acquired a new stake in Etsy during the 3rd quarter worth approximately $257,614,000. Van ECK Associates Corp lifted its holdings in Etsy by 1.1% during the 4th quarter. Van ECK Associates Corp now owns 3,734,156 shares of the company's stock worth $207,022,000 after buying an additional 39,067 shares in the last quarter. Assenagon Asset Management S.A. lifted its holdings in Etsy by 3.8% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,611,431 shares of the company's stock worth $89,338,000 after buying an additional 59,123 shares in the last quarter. Finally, SG Americas Securities LLC raised its holdings in shares of Etsy by 717.7% in the 1st quarter. SG Americas Securities LLC now owns 1,497,174 shares of the company's stock valued at $74,829,000 after purchasing an additional 1,314,071 shares in the last quarter. Hedge funds and other institutional investors own 99.53% of the company's stock.
Analyst Ratings Changes
A number of analysts have commented on ETSY shares. Needham & Company LLC increased their price objective on shares of Etsy from $65.00 to $85.00 and gave the company a "buy" rating in a report on Thursday. Wall Street Zen cut shares of Etsy from a "buy" rating to a "hold" rating in a research note on Saturday. Truist Financial increased their price target on shares of Etsy from $83.00 to $85.00 and gave the company a "buy" rating in a research note on Thursday. Weiss Ratings reissued a "hold (c-)" rating on shares of Etsy in a research note on Monday, April 20th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on shares of Etsy from $74.00 to $75.00 and gave the company a "hold" rating in a research note on Thursday. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, nineteen have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, Etsy has an average rating of "Hold" and an average price target of $70.09.
Check Out Our Latest Stock Analysis on ETSY
Etsy News Summary
Here are the key news stories impacting Etsy this week:
- Positive Sentiment: Q1 results beat estimates: revenue and EPS topped forecasts; Etsy reported mid-single-digit GMS growth and its first buyer growth in two years, signaling improving marketplace momentum. ETSY Q1 Earnings & Revenues Surpass Estimates
- Positive Sentiment: Gross merchandise sales (GMS) +5.5% in Q1 and improving revenue mix as advertising/services drive growth and margins — key fundamentals investors reward. Etsy marketplace GMS rises 5.5% in first quarter
- Positive Sentiment: Several brokers raised price targets and issued buy/overweight calls (Needham to $85 buy; Canaccord to $80 buy; Barclays to $82 overweight; Truist to $85 buy), providing bullish analyst support. Broker Price Target Actions
- Neutral Sentiment: Management commentary and coverage note a “cautious recovery” from the earnings call — positive operational signs but management is measured on cadence of improvement. Earnings Call Highlights
- Neutral Sentiment: Product/marketplace stories emphasize a platform rebuild and trend-tailwinds (nostalgia/bold design) that may support long-term engagement but are execution-dependent. Marketplace Rebuild Paying Off
- Neutral Sentiment: Press pieces highlight AI/SEO algorithm changes that create urgency for sellers — mixed near-term impact (implementation frictions vs. longer-term search improvements). AI SEO Urgency for Sellers
- Negative Sentiment: Insider sale: former CEO Josh Silverman sold ~36,443 shares under a 10b5‑1 plan, reducing his stake by ~21.8% — often interpreted by markets as a near-term negative signal despite pre-arrangement. SEC Form 4
- Negative Sentiment: B. Riley downgraded ETSY from buy to neutral (PT $75) and Wells Fargo remains underweight despite a raised target — mixed-to-cautious analyst views could cap upside in the near term. B. Riley Downgrade
- Negative Sentiment: Morgan Stanley flagged sustainability questions even as growth returns — ESG scrutiny can pressure multiples and investor sentiment. Sustainability Questions
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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