Etsy, Inc. (NASDAQ:ETSY) Insider Sells $69,745.20 in Stock

Etsy, Inc. (NASDAQ:ETSY) insider Toni Thompson Nadal sold 1,444 shares of Etsy stock in a transaction dated Thursday, April 3rd. The shares were sold at an average price of $48.30, for a total transaction of $69,745.20. Following the transaction, the insider now owns 592 shares of the company’s stock, valued at $28,593.60. This represents a 70.92 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Etsy Stock Performance

ETSY stock opened at $44.42 on Friday. The stock has a fifty day moving average of $50.45 and a 200-day moving average of $52.43. Etsy, Inc. has a fifty-two week low of $43.43 and a fifty-two week high of $71.72. The company has a market capitalization of $4.76 billion, a price-to-earnings ratio of 18.74, a PEG ratio of 2.57 and a beta of 2.15.

Etsy (NASDAQ:ETSY) last issued its earnings results on Wednesday, February 19th. The specialty retailer reported $1.03 earnings per share for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $861.37 million. During the same quarter last year, the business earned $0.62 earnings per share. The company’s quarterly revenue was up 1.2% on a year-over-year basis. Equities analysts predict that Etsy, Inc. will post 2.57 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on ETSY shares. JPMorgan Chase & Co. began coverage on shares of Etsy in a research report on Wednesday, March 19th. They issued a “neutral” rating and a $50.00 price target on the stock. Stifel Nicolaus dropped their target price on Etsy from $56.00 to $51.00 and set a “hold” rating on the stock in a report on Thursday, February 20th. Citigroup cut their target price on Etsy from $56.00 to $53.00 and set a “neutral” rating on the stock in a research report on Thursday, February 20th. Canaccord Genuity Group lowered their price target on Etsy from $105.00 to $76.00 and set a “buy” rating for the company in a research report on Thursday, February 20th. Finally, Morgan Stanley cut their price objective on shares of Etsy from $45.00 to $44.00 and set an “underweight” rating on the stock in a report on Thursday, February 20th. Four analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $58.38.

Institutional Investors Weigh In On Etsy

Hedge funds and other institutional investors have recently bought and sold shares of the business. Lindbrook Capital LLC grew its position in shares of Etsy by 55.7% in the fourth quarter. Lindbrook Capital LLC now owns 506 shares of the specialty retailer’s stock valued at $27,000 after purchasing an additional 181 shares in the last quarter. True Wealth Design LLC boosted its stake in Etsy by 112.7% in the 4th quarter. True Wealth Design LLC now owns 551 shares of the specialty retailer’s stock worth $29,000 after purchasing an additional 292 shares during the period. Hurley Capital LLC bought a new stake in shares of Etsy during the fourth quarter valued at about $32,000. Strategic Investment Solutions Inc. IL purchased a new stake in shares of Etsy in the fourth quarter worth about $34,000. Finally, Summit Securities Group LLC bought a new position in shares of Etsy in the fourth quarter valued at approximately $37,000. Institutional investors own 99.53% of the company’s stock.

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.