Etsy, Inc. (NASDAQ:ETSY) Insider Sells $75,720.00 in Stock

Etsy, Inc. (NASDAQ:ETSY) insider Nicholas Daniel sold 1,500 shares of Etsy stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $50.48, for a total transaction of $75,720.00. Following the completion of the transaction, the insider now directly owns 20,698 shares in the company, valued at $1,044,835.04. The trade was a 6.76 % 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 link.

Nicholas Daniel also recently made the following trade(s):

• On Monday, February 3rd, Nicholas Daniel sold 1,500 shares of Etsy stock. The shares were sold at an average price of $55.34, for a total transaction of $83,010.00.

Etsy Stock Performance

Shares of NASDAQ ETSY opened at $46.95 on Friday. The firm has a market capitalization of $5.03 billion, a P/E ratio of 19.81, a PEG ratio of 2.57 and a beta of 2.00. Etsy, Inc. has a one year low of $46.52 and a one year high of $73.48. The company’s fifty day moving average is $53.43 and its two-hundred day moving average is $53.64.

Etsy (NASDAQ:ETSY) last released its quarterly earnings data on Wednesday, February 19th. The specialty retailer reported $1.03 EPS for the quarter, topping the consensus estimate of $0.95 by $0.08. Etsy had a net margin of 10.80% and a negative return on equity of 46.62%. The business had revenue of $852.16 million for the quarter, compared to analyst estimates of $861.37 million. During the same period in the previous year, the firm earned $0.62 EPS. The business’s revenue for the quarter was up 1.2% compared to the same quarter last year. On average, sell-side analysts forecast that Etsy, Inc. will post 2.57 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Etsy

Several institutional investors and hedge funds have recently made changes to their positions in the business. Brooklyn FI LLC purchased a new stake in shares of Etsy in the 4th quarter worth about $5,229,000. Neo Ivy Capital Management purchased a new stake in shares of Etsy in the 4th quarter worth about $3,334,000. GTS Securities LLC boosted its position in shares of Etsy by 142.3% in the 4th quarter. GTS Securities LLC now owns 14,667 shares of the specialty retailer’s stock worth $776,000 after buying an additional 49,333 shares in the last quarter. PharVision Advisers LLC purchased a new stake in shares of Etsy in the 4th quarter worth about $283,000. Finally, Voloridge Investment Management LLC boosted its position in shares of Etsy by 40.6% in the 4th quarter. Voloridge Investment Management LLC now owns 476,457 shares of the specialty retailer’s stock worth $25,200,000 after buying an additional 137,602 shares in the last quarter. 99.53% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on ETSY. Jefferies Financial Group raised shares of Etsy from an “underperform” rating to a “hold” rating and lifted their target price for the company from $45.00 to $55.00 in a report on Monday, January 13th. Truist Financial cut their target price on shares of Etsy from $70.00 to $67.00 and set a “buy” rating on the stock in a report on Wednesday, January 29th. Canaccord Genuity Group lowered their price objective on shares of Etsy from $105.00 to $76.00 and set a “buy” rating on the stock in a research report on Thursday, February 20th. Citigroup lowered their price objective on shares of Etsy from $56.00 to $53.00 and set a “neutral” rating on the stock in a research report on Thursday, February 20th. Finally, UBS Group lowered their price objective on shares of Etsy from $55.00 to $54.00 and set a “neutral” rating on the stock in a research report on Thursday, February 20th. Four analysts have rated the stock with a sell rating, fourteen have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $58.78.

Etsy Company Profile

Etsy, Inc, together with its subsidiaries, operates two-sided online marketplaces that connect buyers and sellers in the United States, the United Kingdom, Germany, Canada, Australia, and France. Its primary marketplace is Etsy.com that connects artisans and entrepreneurs with various consumers. The company also offers Reverb, a musical instrument marketplace; Depop, a fashion resale marketplace; and Elo7, a Brazil-based marketplace for handmade and unique items.