Etsy Inc (NYSE:ETSY - Get Free Report) insider Josh Silverman sold 1,189 shares of the business's stock in a transaction that occurred on Friday, October 30th. The stock was sold at an average price of $88.70, for a total transaction of $105,464.30. Following the completion of the sale, the insider owned 262,617 shares of the company's stock, valued at approximately $23,294,127.90. The trade was a 0.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.
Josh Silverman also recently made the following trade(s):
- On Monday, November 2nd, Josh Silverman sold 41,500 shares of Etsy stock. The shares were sold at an average price of $92.13, for a total transaction of $3,823,395.00.
- On Thursday, October 15th, Josh Silverman sold 417 shares of Etsy stock. The stock was sold at an average price of $84.47, for a total value of $35,223.99.
- On Tuesday, October 13th, Josh Silverman sold 714 shares of Etsy stock. The shares were sold at an average price of $79.00, for a total transaction of $56,406.00.
- On Thursday, October 8th, Josh Silverman sold 383 shares of Etsy stock. The stock was sold at an average price of $74.00, for a total transaction of $28,342.00.
- On Thursday, October 1st, Josh Silverman sold 2,090 shares of Etsy stock. The shares were sold at an average price of $72.45, for a total value of $151,420.50.
- On Tuesday, September 1st, Josh Silverman sold 11,696 shares of Etsy stock. The stock was sold at an average price of $81.85, for a total transaction of $957,317.60.
- On Thursday, September 3rd, Josh Silverman sold 1,671 shares of Etsy stock. The stock was sold at an average price of $84.00, for a total value of $140,364.00.
- 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 transaction of $528,696.00.
Etsy Stock Performance
NYSE ETSY opened at $92.52 on Tuesday. The stock has a 50-day moving average of $78.97 and a 200 day moving average of $68.37. Etsy Inc has a one year low of $44.00 and a one year high of $95.49. The company has a market capitalization of $8.78 billion, a price-to-earnings ratio of 22.97, a PEG ratio of 2.31 and a beta of 1.86.
Etsy (NYSE:ETSY - Get Free Report) last released its quarterly earnings results on Wednesday, October 28th. The company reported $7.31 EPS for the quarter, beating the consensus estimate of $0.76 by $6.55. Etsy had a net margin of 34.36% and a negative return on equity of 43.65%. The firm had revenue of $692.47 million during the quarter, compared to analyst estimates of $669.04 million. During the same quarter in the prior year, the firm earned $0.63 EPS. The business's revenue for the quarter was up 10.9% compared to the same quarter last year. On average, equities analysts predict that Etsy Inc will post 3.94 earnings per share for the current fiscal year.
Trending Headlines about Etsy
Here are the key news stories impacting Etsy this week:
- Positive Sentiment: Etsy’s new leadership is using artificial intelligence to identify and remove low-quality or misleading “AI slop” listings. Reports that the approach is improving marketplace quality could support user trust, buyer engagement and the company’s handmade-product positioning. Etsy’s New CEO Is Fighting AI Slop With AI, and It’s Working
- Neutral Sentiment: Etsy is tightening its rules around AI-generated products as Australian small businesses and other sellers push for stronger protections for original creative work. Clearer enforcement may strengthen the platform’s brand, although stricter policies could also create compliance costs or disputes with sellers. Etsy tightens AI rules as Australian small businesses fight to protect creative work
- Negative Sentiment: Commentary warns that AI-generated merchandise threatens Etsy’s promise of unique, handmade goods. If AI content increases competition, reduces product differentiation or weakens seller trust, it could pressure marketplace engagement and long-term brand value. AI is just the newest threat to Etsy’s handmade promise
- Negative Sentiment: Insider selling may weigh on sentiment while the stock trades at elevated levels. CEO Josh Silverman sold 42,689 shares for roughly $3.9 million, while directors Marla Blow and Frederick Wilson sold a combined 34,527 shares worth about $3.2 million. These transactions do not necessarily indicate deteriorating fundamentals, but they represent meaningful reductions in insider ownership.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in the stock. Lmcg Investments LLC lifted its holdings in 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 buying an additional 249 shares in the last quarter. NorthCrest Asset Manangement LLC grew its stake in Etsy by 9.3% in the 3rd quarter. NorthCrest Asset Manangement LLC now owns 3,166 shares of the company's stock worth $238,000 after acquiring an additional 269 shares in the last quarter. Signaturefd LLC increased its position in shares of Etsy by 61.8% during the third quarter. Signaturefd LLC now owns 762 shares of the company's stock worth $54,000 after acquiring an additional 291 shares during the period. Modera Wealth Management LLC increased its position in shares of Etsy by 1.3% during the first quarter. Modera Wealth Management LLC now owns 23,889 shares of the company's stock worth $1,194,000 after acquiring an additional 302 shares during the period. Finally, Commonwealth Equity Services LLC raised its stake in shares of Etsy by 6.0% during the third quarter. Commonwealth Equity Services LLC now owns 5,971 shares of the company's stock valued at $427,000 after acquiring an additional 336 shares in the last quarter. 99.53% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
ETSY has been the subject of a number of research analyst reports. Rosenblatt Securities increased their price objective on shares of Etsy from $95.00 to $105.00 and gave the company a "buy" rating in a report on Thursday, October 29th. Truist Financial boosted their target price on Etsy from $90.00 to $106.00 and gave the company a "buy" rating in a research report on Wednesday, October 28th. Oppenheimer upgraded shares of Etsy from a "market perform" rating to an "outperform" rating and set a $90.00 price objective on the stock in a research report on Tuesday, September 15th. Guggenheim raised their target price on shares of Etsy from $95.00 to $105.00 and gave the stock a "buy" rating in a report on Thursday. Finally, Needham & Company LLC raised their price objective on shares of Etsy from $100.00 to $110.00 and gave the stock a "buy" rating in a research note on Thursday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, sixteen have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Etsy currently has a consensus rating of "Hold" and a consensus target price of $94.07.
Read Our Latest Analysis on ETSY
About Etsy
(
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.
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