Key Points
- Etsy insider Josh Silverman sold 11,696 shares for approximately $957,318 at an average price of $81.85, reducing his position by 4.48% to 249,559 shares. The sale occurred under a pre-arranged Rule 10b5-1 trading plan.
- Etsy recently reported a quarterly loss of $0.49 per share, missing estimates, while revenue of $668.31 million exceeded expectations and declined 0.7% year over year.
- Analyst sentiment remains moderately positive, with a consensus price target of $84.68 and a “Moderate Buy” rating; the stock recently traded near $81.88, within reach of its 12-month high of $87.97.
Etsy Inc (NYSE:ETSY - Get Free Report) insider Josh Silverman sold 1,671 shares of Etsy stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $84.00, for a total value of $140,364.00. Following the completion of the sale, the insider owned 249,559 shares of the company's stock, valued at $20,962,956. The trade was a 0.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Josh Silverman also recently made the following trade(s):
- On Tuesday, September 1st, Josh Silverman sold 11,696 shares of Etsy stock. The shares were sold at an average price of $81.85, for a total transaction of $957,317.60.
- On Tuesday, August 4th, Josh Silverman sold 6,294 shares of Etsy stock. The stock was sold at an average price of $84.00, for a total value of $528,696.00.
- On Monday, August 3rd, Josh Silverman sold 41,108 shares of Etsy stock. The shares were sold at an average price of $83.11, for a total value of $3,416,485.88.
- On Friday, July 10th, Josh Silverman sold 39,161 shares of Etsy stock. The stock was sold at an average price of $79.00, for a total value of $3,093,719.00.
- On Wednesday, July 1st, Josh Silverman sold 92,404 shares of Etsy stock. The shares were sold at an average price of $74.93, for a total transaction of $6,923,831.72.
- On Wednesday, June 24th, Josh Silverman sold 97,389 shares of Etsy stock. The stock was sold at an average price of $79.00, for a total transaction of $7,693,731.00.
- On Monday, June 15th, Josh Silverman sold 50,000 shares of Etsy stock. The shares were sold at an average price of $72.50, for a total value of $3,625,000.00.
- On Tuesday, June 16th, Josh Silverman sold 52,479 shares of Etsy stock. The shares were sold at an average price of $74.00, for a total value of $3,883,446.00.
Etsy Stock Up 0.2%
Shares of ETSY opened at $81.88 on Friday. The business has a 50-day simple moving average of $81.31 and a two-hundred day simple moving average of $67.25. Etsy Inc has a 52 week low of $44.00 and a 52 week high of $87.97. The stock has a market cap of $7.77 billion, a price-to-earnings ratio of 45.74, a PEG ratio of 2.04 and a beta of 1.81.
Etsy (NYSE:ETSY - Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The company reported ($0.49) earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 the consensus estimate of $646.10 million. During the same quarter last year, the firm posted $0.25 earnings per share. The company's revenue was down .7% compared to the same quarter last year. On average, equities analysts anticipate that Etsy Inc will post 3.94 earnings per share for the current fiscal year.
Analysts Set New Price Targets
Several research analysts recently weighed in on ETSY shares. Canaccord Genuity Group set a $92.00 target price on shares of Etsy in a report on Thursday, August 6th. Cantor Fitzgerald lifted their target price on Etsy from $80.00 to $85.00 and gave the company a "neutral" rating in a research note on Friday, August 7th. Morgan Stanley raised Etsy from an "underweight" rating to an "outperform" rating in a report on Thursday, August 20th. Weiss Ratings downgraded Etsy from a "hold (c)" rating to a "hold (c-)" rating in a research note on Thursday, August 6th. Finally, Arete Research set a $76.00 price target on Etsy and gave the stock a "buy" rating in a research note on Wednesday, May 20th. Three analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, seventeen have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $84.68.
Get Our Latest Research Report on ETSY
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in ETSY. Smartleaf Asset Management LLC increased its holdings in shares of Etsy by 10.0% in the second quarter. Smartleaf Asset Management LLC now owns 1,734 shares of the company's stock worth $88,000 after purchasing an additional 158 shares during the last quarter. Alamea Verwaltungs GmbH grew its holdings in Etsy by 2.3% during the 2nd quarter. Alamea Verwaltungs GmbH now owns 7,380 shares of the company's stock valued at $370,000 after buying an additional 169 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings 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 acquiring an additional 180 shares in the last quarter. Blue Trust Inc. lifted its position in Etsy by 19.3% during the first quarter. Blue Trust Inc. now owns 1,238 shares of the company's stock valued at $62,000 after purchasing an additional 200 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund grew its stake in shares of Etsy by 1.0% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 22,547 shares of the company's stock worth $1,250,000 after buying an additional 224 shares in the last quarter. Hedge funds and other institutional investors own 99.53% of the company's stock.
More Etsy News
Here are the key news stories impacting Etsy this week:
- Positive Sentiment: Zacks Research upgraded Etsy from “hold” to “strong-buy,” providing a positive technical and sentiment catalyst for the stock. Etsy investor conference announcement
- Positive Sentiment: Etsy will participate in the Goldman Sachs Communacopia and Technology Conference on September 9. Investors may look for updates on marketplace trends, growth initiatives and outlook during the webcast fireside chat, although no new financial guidance was provided. Etsy to Participate in Upcoming Investor Conference
- Neutral Sentiment: Several executives and directors reported stock sales totaling roughly 36,280 shares. Josh Silverman sold 13,367 shares, director Frederick Wilson sold 20,000 shares, and Richard Edward Colburn III sold 2,913 shares. Silverman’s and Wilson’s transactions were executed under pre-arranged Rule 10b5-1 plans, while Colburn’s sale covered tax withholding tied to vested equity awards, reducing the likelihood that the trades signal deteriorating confidence. Etsy insider transaction filing
- Negative Sentiment: The insider transactions represent near-term selling pressure and may attract investor attention because they occurred around the $82–$84 range. However, the sellers retained substantial holdings, including Silverman’s approximately 249,559 shares and Wilson’s approximately 401,329 shares. Etsy director transaction filing
Etsy Company Profile
(
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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