Key Points
- Etsy CAO Merilee Buckley sold 5,076 shares at $90 each, generating $456,840 and reducing her direct ownership by 50%. The transaction was conducted under a pre-arranged Rule 10b5-1 trading plan.
- Etsy’s latest quarter showed a $0.49 per-share loss, missing the $0.75 consensus estimate, while revenue of $668.31 million exceeded expectations but declined 0.7% year over year.
- Analyst sentiment is mixed, with a consensus “Hold” rating and an average price target of $86.21. Etsy shares recently opened at $85.10, near their 52-week high of $90.32.
Etsy Inc (NYSE:ETSY - Get Free Report) CAO Merilee Buckley sold 5,076 shares of the stock in a transaction dated Thursday, October 15th. The shares were sold at an average price of $90.00, for a total transaction of $456,840.00. Following the completion of the transaction, the chief accounting officer directly owned 5,076 shares in the company, valued at $456,840. The trade was a 50.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Merilee Buckley also recently made the following trade(s):
- On Monday, October 5th, Merilee Buckley sold 1,396 shares of Etsy stock. The stock was sold at an average price of $71.35, for a total transaction of $99,604.60.
- 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
Shares of ETSY opened at $85.10 on Tuesday. The firm has a market cap of $8.08 billion, a P/E ratio of 47.54, a price-to-earnings-growth ratio of 2.13 and a beta of 1.86. Etsy Inc has a 52 week low of $44.00 and a 52 week high of $90.32. The firm's 50-day simple moving average is $77.10 and its 200 day simple moving average is $72.37.
Etsy (NYSE:ETSY - Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The company reported ($0.49) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.75 by ($1.24). Etsy had a negative return on equity of 34.18% and a net margin of 7.32%. The company had revenue of $668.31 million for the quarter, compared to analyst estimates of $646.10 million. During the same quarter last year, the business earned $0.25 earnings per share. The company's revenue was down .7% on a year-over-year basis. As a group, equities analysts forecast that Etsy Inc will post 3.94 earnings per share for the current year.
Wall Street Analyst Weigh In
Several research firms recently weighed in on ETSY. Loop Capital set a $105.00 price target on Etsy in a report on Thursday, August 20th. Needham & Company LLC upped their price objective on Etsy from $85.00 to $100.00 and gave the company a "buy" rating in a report on Friday, August 7th. Wedbush initiated coverage on Etsy in a research report on Thursday, July 16th. They set a "neutral" rating and a $80.00 price objective on the stock. Argus increased their price objective on Etsy from $67.00 to $89.00 and gave the stock a "buy" rating in a research report on Tuesday, September 8th. Finally, Arete Research set a $81.00 target price on Etsy and gave the stock a "neutral" rating in a report on Thursday, September 24th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, eighteen have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $86.21.
View Our Latest Report on Etsy
Institutional Investors Weigh In On Etsy
Several institutional investors and hedge funds have recently bought and sold shares of the company. Global Retirement Partners LLC bought a new position in Etsy in the 2nd quarter valued at about $34,000. EFG International AG bought a new stake in shares of Etsy during the 2nd quarter worth approximately $45,000. CoreCap Advisors LLC lifted its holdings in shares of Etsy by 2,379.1% during the 2nd quarter. CoreCap Advisors LLC now owns 1,066 shares of the company's stock worth $80,000 after acquiring an additional 1,023 shares during the period. Blue Trust Inc. lifted its holdings 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 acquiring an additional 200 shares during the period. Finally, Johnson Financial Group Inc. bought a new stake in shares of Etsy during the 2nd quarter worth approximately $105,000. Institutional investors own 99.53% of the company's stock.
Etsy Company Profile
(
Get Free Report)
Etsy, Inc operates an online marketplace that connects independent sellers with consumers seeking unique and creative goods. Its marketplace features products such as handmade items, personalized gifts, vintage merchandise, home décor, jewelry, clothing, craft supplies and other goods made, designed, selected or sourced by individual sellers and small businesses.
The company provides tools and services that support marketplace activity, including seller storefronts, search and discovery features, payment processing, advertising, shipping assistance and customer support.
Further Reading
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].
