Etsy (NYSE:ETSY) CAO Sells $99,604.60 in Stock

Etsy Inc (NYSE:ETSY) CAO Merilee Buckley sold 1,396 shares of the business’s stock in a transaction 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 filing with the SEC, which is accessible through 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, August 17th, Merilee Buckley sold 405 shares of Etsy stock. The shares were sold at an average price of $79.50, for a total transaction of $32,197.50.

Etsy Price Performance

Shares of NYSE ETSY opened at $76.79 on Friday. The company has a 50-day moving average price of $77.20 and a 200-day moving average price of $70.78. The stock has a market capitalization of $7.29 billion, a P/E ratio of 42.90, a P/E/G ratio of 1.88 and a beta of 1.86. Etsy Inc has a 1 year low of $44.00 and a 1 year high of $87.97.

Etsy (NYSE:ETSY) last posted its earnings results on Wednesday, August 5th. The company reported ($0.49) earnings per share for the quarter, missing analysts’ consensus estimates of $0.75 by ($1.24). The business had revenue of $668.31 million during the quarter, compared to analyst estimates of $646.10 million. Etsy had a negative return on equity of 34.18% and a net margin of 7.32%. The company’s revenue was down .7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.25 EPS. As a group, equities research analysts anticipate that Etsy Inc will post 3.94 earnings per share for the current fiscal year.

Institutional Trading of Etsy

Several hedge funds have recently added to or reduced their stakes in the stock. Global Retirement Partners LLC purchased a new position in Etsy in the second quarter valued at about $34,000. EFG International AG bought a new stake in shares of Etsy in the 2nd quarter worth approximately $45,000. Blue Trust Inc. raised its holdings in shares of Etsy by 19.3% in the 1st quarter. Blue Trust Inc. now owns 1,238 shares of the company’s stock worth $62,000 after purchasing an additional 200 shares during the period. CoreCap Advisors LLC lifted its stake in Etsy by 2,379.1% in the second quarter. CoreCap Advisors LLC now owns 1,066 shares of the company’s stock valued at $80,000 after purchasing an additional 1,023 shares during the last quarter. Finally, Johnson Financial Group Inc. bought a new position in Etsy during the second quarter valued at $105,000. Institutional investors own 99.53% of the company’s stock.

Wall Street Analyst Weigh In

ETSY has been the topic of a number of analyst reports. B. Riley Financial lifted their price objective on shares of Etsy from $75.00 to $82.00 and gave the stock a “neutral” rating in a report on Monday, August 10th. Canaccord Genuity Group set a $92.00 price target on shares of Etsy in a report on Thursday, August 6th. Evercore set a $83.00 price objective on shares of Etsy in a research report on Thursday, August 6th. Argus increased their price objective on shares of Etsy from $67.00 to $89.00 and gave the company a “buy” rating in a research note on Tuesday, September 8th. Finally, Citigroup lifted their target price on shares of Etsy from $60.00 to $92.00 and gave the stock a “neutral” rating in a research report on Friday, August 7th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, eighteen have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $86.21.

Etsy Company Profile

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.