Key Points
- Etsy insider Richard Edward Colburn III sold 4,472 shares for approximately $318,898 at an average price of $71.31, reducing his direct position by 40.75% to 6,503 shares. The sale was executed under a pre-arranged Rule 10b5-1 trading plan.
- Etsy reported quarterly revenue of $668.31 million, exceeding estimates, but posted an EPS loss of $0.49 versus the expected $0.75 profit; revenue declined 0.7% year over year.
- Analyst sentiment is mixed, with a consensus “Hold” rating and an average price target of $86.21, while institutional investors own 99.53% of Etsy’s outstanding shares.
Etsy Inc (NYSE:ETSY - Get Free Report) CAO Merilee Buckley sold 1,396 shares of the firm's stock in a transaction that occurred on Monday, October 5th. The shares were sold at an average price of $71.35, for a total transaction of $99,604.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Merilee Buckley also recently made the following trade(s):
- On Monday, August 17th, Merilee Buckley sold 405 shares of Etsy stock. The stock was sold at an average price of $79.50, for a total transaction of $32,197.50.
Etsy Stock Performance
NYSE:ETSY opened at $71.58 on Thursday. The stock's fifty day moving average price is $77.46 and its two-hundred day moving average price is $70.58. Etsy Inc has a 52-week low of $44.00 and a 52-week high of $87.97. The company has a market cap of $6.79 billion, a price-to-earnings ratio of 39.99, a P/E/G ratio of 1.78 and a beta of 1.86.
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). The firm had revenue of $668.31 million during the quarter, compared to analyst estimates of $646.10 million. Etsy had a net margin of 7.32% and a negative return on equity of 34.18%. The firm's quarterly revenue was down .7% on a year-over-year basis. During the same period last year, the business posted $0.25 earnings per share. On average, equities analysts predict that Etsy Inc will post 3.94 EPS for the current fiscal year.
Etsy News Summary
Here are the key news stories impacting Etsy this week:
- Positive Sentiment: Etsy’s efforts to reduce freight-related emissions could improve its sustainability profile and potentially lower shipping-related costs over time. However, the financial impact is likely to be gradual. How Etsy is pushing freight decarbonization
- Neutral Sentiment: New guides and consumer content highlighting how to open an Etsy shop and discover unusual products may support seller engagement and marketplace activity, but these items do not represent material financial announcements. Beginner's Guide to Opening an Etsy Shop
- Negative Sentiment: Zacks Research downgraded Etsy from “strong buy” to “hold.” The change may weigh on sentiment by signaling reduced confidence in the stock’s near-term upside, particularly after its recent pullback from its 12-month high. Etsy Stock Dropped to Hold by Zacks Research
- Negative Sentiment: Two Etsy insiders sold a combined 5,868 shares for approximately $418,500. The transactions were conducted under pre-arranged Rule 10b5-1 plans, which reduces their significance as a discretionary bearish signal, but the sales may still add modest pressure to investor sentiment. Etsy insider transaction filing
- Negative Sentiment: Chief Executive Officer Josh Silverman also recently sold 2,090 shares under a 10b5-1 plan. Although the sale reduced his position by less than 1%, it follows several earlier sales and may reinforce concerns about insider selling. Etsy insider Josh Silverman sells shares
Analysts Set New Price Targets
ETSY has been the subject of several recent research reports. Royal Bank Of Canada cut Etsy to a "sector perform" rating in a report on Thursday, August 20th. Barclays raised their target price on shares of Etsy from $82.00 to $94.00 and gave the company an "overweight" rating in a research note on Friday, August 7th. Weiss Ratings cut shares of Etsy from a "hold (c)" rating to a "hold (c-)" rating in a research report on Thursday, August 6th. JPMorgan Chase & Co. raised shares of Etsy from a "neutral" rating to an "overweight" rating and boosted their price target for the stock from $85.00 to $100.00 in a research note on Friday, August 7th. Finally, Jefferies Financial Group increased their price objective on shares of Etsy from $62.00 to $80.00 and gave the company a "hold" rating in a report on Tuesday, July 14th. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, eighteen have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Etsy presently has a consensus rating of "Hold" and a consensus price target of $86.21.
Get Our Latest Stock Analysis on ETSY
Institutional Investors Weigh In On Etsy
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Blue Trust Inc. lifted its holdings 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 period. Lmcg Investments LLC increased its position in shares of Etsy by 0.3% during the 1st quarter. Lmcg Investments LLC now owns 71,569 shares of the company's stock valued at $3,577,000 after purchasing an additional 249 shares during the last quarter. Modera Wealth Management LLC increased its position in shares of Etsy by 1.3% during the 1st quarter. Modera Wealth Management LLC now owns 23,889 shares of the company's stock valued at $1,194,000 after purchasing an additional 302 shares during the last quarter. Compound Planning Inc. lifted its stake in shares of Etsy by 8.6% in the 1st quarter. Compound Planning Inc. now owns 4,346 shares of the company's stock worth $217,000 after purchasing an additional 346 shares during the period. Finally, Waddell & Associates LLC lifted its stake in shares of Etsy by 12.6% in the 4th quarter. Waddell & Associates LLC now owns 3,643 shares of the company's stock worth $202,000 after purchasing an additional 408 shares during the period. Institutional investors and hedge funds own 99.53% of the company's stock.
Etsy Company Profile
(
Get Free Report)
Etsy, Inc operates a global online marketplace focused on unique and creative goods. Its platform connects buyers with independent sellers offering handmade products, vintage items, craft supplies, personalized merchandise, home décor, jewelry, clothing, and other specialty goods.
The company generates revenue primarily through marketplace services, including seller listing and transaction fees, payment processing, advertising, and other seller-focused services. Etsy also provides tools intended to help independent merchants manage their shops, market products, process orders, and reach customers.
Founded in 2005 and headquartered in Brooklyn, New York, Etsy serves buyers and sellers in numerous countries.
Read More
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].
