Nicholas Daniel Sells 1,500 Shares of Etsy, Inc. (NASDAQ:ETSY) Stock

Etsy, Inc. (NASDAQ:ETSY) insider Nicholas Daniel sold 1,500 shares of the firm’s stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $48.24, for a total value of $72,360.00. Following the sale, the insider now directly owns 34,822 shares in the company, valued at $1,679,813.28. The trade was a 4.13 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

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

• On Monday, March 3rd, Nicholas Daniel sold 1,500 shares of Etsy stock. The stock was sold at an average price of $50.48, for a total value of $75,720.00.
• 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 value of $83,010.00.

Etsy Stock Performance

NASDAQ ETSY opened at $44.42 on Friday. The stock has a market cap of $4.76 billion, a PE ratio of 18.74, a P/E/G ratio of 2.57 and a beta of 2.15. The firm has a 50-day moving average of $50.45 and a 200-day moving average of $52.44. Etsy, Inc. has a 52-week low of $43.43 and a 52-week high of $71.72.

Etsy (NASDAQ:ETSY) last issued its quarterly earnings data on Wednesday, February 19th. The specialty retailer reported $1.03 earnings per share (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 firm had revenue of $852.16 million during the quarter, compared to the consensus estimate of $861.37 million. During the same period last year, the business posted $0.62 earnings per share. The business’s revenue for the quarter was up 1.2% compared to the same quarter last year. As a group, analysts predict that Etsy, Inc. will post 2.57 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have weighed in on ETSY shares. JMP Securities reaffirmed a “market perform” rating on shares of Etsy in a research note on Monday, December 16th. Morgan Stanley reduced their target price on shares of Etsy from $45.00 to $44.00 and set an “underweight” rating for the company in a research note on Thursday, February 20th. Deutsche Bank Aktiengesellschaft downgraded Etsy to a “hold” rating and dropped their price target for the company from $45.00 to $43.00 in a research note on Wednesday, February 12th. Truist Financial reduced their price objective on Etsy from $70.00 to $67.00 and set a “buy” rating for the company in a research report on Wednesday, January 29th. Finally, Cantor Fitzgerald dropped their target price on Etsy from $46.00 to $43.00 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, fifteen have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $58.38.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. DJE Kapital AG bought a new stake in shares of Etsy in the fourth quarter valued at approximately $983,000. Charles Schwab Investment Management Inc. raised its holdings in Etsy by 12.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,131,020 shares of the specialty retailer’s stock valued at $59,820,000 after acquiring an additional 122,126 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of Etsy by 313.1% during the 3rd quarter. Principal Financial Group Inc. now owns 542,505 shares of the specialty retailer’s stock valued at $30,125,000 after acquiring an additional 411,165 shares during the period. Los Angeles Capital Management LLC acquired a new stake in shares of Etsy during the 4th quarter worth $492,000. Finally, Intech Investment Management LLC bought a new position in shares of Etsy in the fourth quarter worth $751,000. Institutional investors and hedge funds own 99.53% of the company’s stock.

About Etsy

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.