Key Points
- Etsy director Marla Blow sold 300 shares on May 15 at an average price of $58.25, totaling $17,475. The sale was made under a pre-arranged Rule 10b5-1 trading plan.
- After the transaction, Blow directly owned 8,591 shares valued at about $500,426, representing a 3.37% decrease in her position.
- Etsy stock was down 2.2% in recent trading and opened at $57.52, while analysts currently have a Hold consensus with a target price of $71.04.
Etsy Inc (NYSE:ETSY - Get Free Report) Director Marla Blow sold 300 shares of the stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $58.25, for a total value of $17,475.00. Following the completion of the transaction, the director directly owned 8,591 shares of the company's stock, valued at $500,425.75. This represents a 3.37% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Etsy Stock Down 2.2%
NYSE ETSY opened at $57.52 on Wednesday. The company has a market capitalization of $5.46 billion, a price-to-earnings ratio of 23.96, a PEG ratio of 5.24 and a beta of 1.89. The company's 50 day moving average price is $56.76. Etsy Inc has a twelve month low of $44.00 and a twelve month high of $76.51.
Etsy (NYSE:ETSY - Get Free Report) last posted its quarterly earnings data on Thursday, February 19th. The company reported $0.92 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.88 by $0.04. The business had revenue of $881.64 million during the quarter. Etsy had a negative return on equity of 28.60% and a net margin of 9.94%. On average, research analysts predict that Etsy Inc will post 3.74 EPS for the current year.
Analyst Ratings Changes
A number of research analysts recently issued reports on the stock. Canaccord Genuity Group lifted their price target on shares of Etsy from $72.00 to $80.00 and gave the company a "buy" rating in a research report on Thursday, April 30th. Cantor Fitzgerald upped their price objective on shares of Etsy from $51.00 to $59.00 and gave the stock a "neutral" rating in a report on Tuesday, April 21st. Stifel Nicolaus decreased their target price on shares of Etsy from $62.00 to $55.00 and set a "hold" rating for the company in a research note on Friday, February 20th. Weiss Ratings raised Etsy from a "hold (c-)" rating to a "hold (c)" rating in a research report on Wednesday, May 13th. Finally, Barclays upped their price target on Etsy from $72.00 to $82.00 and gave the stock an "overweight" rating in a research note on Thursday, April 30th. 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 company. According to data from MarketBeat, Etsy has a consensus rating of "Hold" and a consensus target price of $71.04.
Read Our Latest Stock Report on Etsy
Institutional Trading of Etsy
Several institutional investors have recently bought and sold shares of ETSY. Integrated Wealth Concepts LLC grew its holdings in shares of Etsy by 19.1% during the first quarter. Integrated Wealth Concepts LLC now owns 5,986 shares of the company's stock valued at $282,000 after buying an additional 961 shares during the last quarter. Empowered Funds LLC raised its holdings in Etsy by 55.5% in the 1st quarter. Empowered Funds LLC now owns 9,673 shares of the company's stock worth $456,000 after acquiring an additional 3,451 shares during the last quarter. Woodline Partners LP bought a new position in Etsy in the 1st quarter valued at approximately $2,181,000. Northwestern Mutual Wealth Management Co. boosted its stake in Etsy by 33.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,594 shares of the company's stock valued at $180,000 after purchasing an additional 906 shares during the last quarter. Finally, M&T Bank Corp purchased a new stake in Etsy during the 2nd quarter valued at $232,000. 99.53% of the stock is owned by hedge funds and other institutional investors.
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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