Insider Selling: Etsy, Inc. (NASDAQ:ETSY) CAO Sells 1,676 Shares of Stock

Etsy, Inc. (NASDAQ:ETSY) CAO Merilee Buckley sold 1,676 shares of the business’s stock in a transaction on Thursday, April 3rd. The shares were sold at an average price of $48.40, for a total transaction of $81,118.40. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Etsy Stock Performance

ETSY opened at $44.42 on Friday. The stock’s fifty day moving average is $50.45 and its 200-day moving average is $52.43. Etsy, Inc. has a one year low of $43.43 and a one year high of $71.72. The company has a market capitalization of $4.76 billion, a PE ratio of 18.74, a P/E/G ratio of 2.57 and a beta of 2.15.

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

Institutional Trading of Etsy

A number of large investors have recently added to or reduced their stakes in ETSY. Cerity Partners LLC boosted its stake in shares of Etsy by 28.9% during the 3rd quarter. Cerity Partners LLC now owns 22,884 shares of the specialty retailer’s stock worth $1,271,000 after acquiring an additional 5,128 shares in the last quarter. Glenmede Trust Co. NA acquired a new position in shares of Etsy in the 3rd quarter valued at $222,000. CreativeOne Wealth LLC purchased a new position in Etsy in the 3rd quarter worth about $238,000. Janus Henderson Group PLC raised its holdings in Etsy by 7.8% during the 3rd quarter. Janus Henderson Group PLC now owns 482,262 shares of the specialty retailer’s stock worth $26,780,000 after buying an additional 34,991 shares during the period. Finally, Jacobs Levy Equity Management Inc. lifted its stake in Etsy by 146.0% during the third quarter. Jacobs Levy Equity Management Inc. now owns 22,876 shares of the specialty retailer’s stock valued at $1,270,000 after buying an additional 13,577 shares in the last quarter. 99.53% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. JMP Securities reaffirmed a “market perform” rating on shares of Etsy in a report on Monday, December 16th. Needham & Company LLC restated a “buy” rating and issued a $60.00 target price on shares of Etsy in a research note on Thursday, February 20th. Canaccord Genuity Group dropped their price target on Etsy from $105.00 to $76.00 and set a “buy” rating on the stock in a research report on Thursday, February 20th. Deutsche Bank Aktiengesellschaft downgraded Etsy to a “hold” rating and cut their price target for the stock from $45.00 to $43.00 in a report on Wednesday, February 12th. Finally, Citigroup lowered their price objective on Etsy from $56.00 to $53.00 and set a “neutral” rating for the company in a research note on Thursday, February 20th. Four equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $58.38.

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.