Etsy Inc (NYSE:ETSY - Get Free Report) Director Charles Andrew Ballard sold 4,500 shares of the stock in a transaction that occurred on Wednesday, August 26th. The shares were sold at an average price of $81.85, for a total value of $368,325.00. Following the completion of the sale, the director directly owned 4,239 shares of the company's stock, valued at $346,962.15. This represents a 51.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
Etsy Trading Up 1.0%
Shares of ETSY stock opened at $83.79 on Friday. Etsy Inc has a 1 year low of $44.00 and a 1 year high of $87.97. The firm's fifty day simple moving average is $80.83 and its 200 day simple moving average is $66.23. The firm has a market capitalization of $7.95 billion, a P/E ratio of 46.81, a price-to-earnings-growth ratio of 4.01 and a beta of 1.84.
Etsy (NYSE:ETSY - Get Free Report) last released its earnings results on Wednesday, August 5th. The company reported ($0.49) EPS for the quarter, missing the consensus estimate of $0.75 by ($1.24). Etsy had a net margin of 7.32% and a negative return on equity of 34.18%. The company had revenue of $668.31 million for the quarter, compared to analyst estimates of $646.10 million. During the same quarter in the previous year, the company earned $0.25 earnings per share. Etsy's revenue for the quarter was down .7% compared to the same quarter last year. Equities research analysts anticipate that Etsy Inc will post 3.94 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
Several equities research analysts recently weighed in on the stock. Weiss Ratings cut shares of Etsy from a "hold (c)" rating to a "hold (c-)" rating in a research note on Thursday, August 6th. Roth Capital assumed coverage on Etsy in a research report on Thursday, May 21st. They issued a "buy" rating for the company. Sanford C. Bernstein raised Etsy from a "hold" rating to an "outperform" rating in a report on Thursday, August 20th. UBS Group boosted their price objective on Etsy from $74.00 to $86.00 and gave the company a "neutral" rating in a research report on Friday, August 7th. Finally, Evercore set a $83.00 target price on Etsy in a research note on Thursday, August 6th. Two analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, eighteen have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $84.68.
Get Our Latest Research Report on Etsy
Institutional Investors Weigh In On Etsy
A number of institutional investors have recently added to or reduced their stakes in ETSY. Smartleaf Asset Management LLC grew its stake in shares of Etsy by 10.0% in the 2nd quarter. Smartleaf Asset Management LLC now owns 1,734 shares of the company's stock valued at $88,000 after purchasing an additional 158 shares during the period. Alamea Verwaltungs GmbH raised its holdings in shares of Etsy by 2.3% in the 2nd quarter. Alamea Verwaltungs GmbH now owns 7,380 shares of the company's stock worth $370,000 after buying an additional 169 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in shares of Etsy by 2.4% during the 4th quarter. PNC Financial Services Group Inc. now owns 7,550 shares of the company's stock worth $419,000 after buying an additional 180 shares during the period. Blue Trust Inc. lifted its position in shares of Etsy by 19.3% during the 1st quarter. Blue Trust Inc. now owns 1,238 shares of the company's stock worth $62,000 after buying an additional 200 shares during the period. Finally, Oregon Public Employees Retirement Fund boosted its stake in Etsy by 1.0% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 22,547 shares of the company's stock valued at $1,250,000 after buying an additional 224 shares in the last quarter. 99.53% of the stock is owned by institutional investors and hedge funds.
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.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
