Etsy (NYSE:ETSY) CAO Sells $456,840.00 in Stock

Etsy Inc (NYSE:ETSY) CAO Merilee Buckley sold 5,076 shares of the business’s 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 transaction, the chief accounting officer directly owned 5,076 shares of the company’s stock, valued at $456,840. The trade was a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available 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, 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 shares were sold at an average price of $79.50, for a total transaction of $32,197.50.

Etsy Trading Down 0.3%

ETSY opened at $87.16 on Thursday. The business’s 50 day moving average is $77.41 and its 200-day moving average is $72.88. The stock has a market cap of $8.27 billion, a PE ratio of 25.56, a price-to-earnings-growth ratio of 2.18 and a beta of 1.86. Etsy Inc has a twelve month low of $44.00 and a twelve month high of $90.32.

Etsy (NYSE:ETSY) 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 business had revenue of $668.31 million for the quarter, compared to analyst estimates of $646.10 million. During the same quarter in the prior year, the firm posted $0.25 earnings per share. The business’s quarterly revenue was down .7% on a year-over-year basis. As a group, analysts forecast that Etsy Inc will post 3.94 EPS for the current year.

Institutional Trading of Etsy

Hedge funds and other institutional investors have recently modified their holdings of the company. Global Retirement Partners LLC bought a new position in Etsy during the second quarter valued at about $34,000. EFG International AG bought a new stake in Etsy in the second quarter worth about $45,000. CoreCap Advisors LLC raised its position in Etsy by 2,379.1% in the second quarter. CoreCap Advisors LLC now owns 1,066 shares of the company’s stock worth $80,000 after acquiring an additional 1,023 shares in the last quarter. Blue Trust Inc. raised its position in Etsy by 19.3% in the first quarter. Blue Trust Inc. now owns 1,238 shares of the company’s stock worth $62,000 after acquiring an additional 200 shares in the last quarter. Finally, Johnson Financial Group Inc. acquired a new stake in Etsy in the 2nd quarter valued at about $105,000. Institutional investors own 99.53% of the company’s stock.

Wall Street Analyst Weigh In

ETSY has been the subject of several recent analyst reports. Rosenblatt Securities assumed coverage on Etsy in a research note on Thursday, August 20th. They issued a “buy” rating and a $95.00 price target for the company. Seaport Research Partners upgraded shares of Etsy to a “buy” rating in a research note on Thursday, August 20th. Weiss Ratings raised shares of Etsy from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, October 16th. Truist Financial upped their price objective on shares of Etsy from $85.00 to $90.00 and gave the stock a “buy” rating in a report on Wednesday, July 22nd. Finally, President Capital upgraded shares of Etsy from a “neutral” rating to a “buy” rating and increased their target price for the company from $57.00 to $91.00 in a research report on Thursday, June 25th. Two 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. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $86.21.

Etsy Company Profile

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.