Etsy, Inc. (NASDAQ:ETSY) CAO Merilee Buckley Sells 1,671 Shares

Etsy, Inc. (NASDAQ:ETSYGet Free Report) CAO Merilee Buckley sold 1,671 shares of the business’s stock in a transaction that occurred on Wednesday, April 3rd. The stock was sold at an average price of $65.04, for a total transaction of $108,681.84. Following the completion of the transaction, the chief accounting officer now owns 2,827 shares of the company’s stock, valued at $183,868.08. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Etsy Stock Down 0.0 %

Shares of ETSY stock opened at $65.15 on Thursday. The stock has a market cap of $7.72 billion, a P/E ratio of 29.08, a PEG ratio of 4.51 and a beta of 2.01. Etsy, Inc. has a 52 week low of $58.20 and a 52 week high of $114.73. The company’s fifty day simple moving average is $70.97 and its two-hundred day simple moving average is $71.14.

Etsy (NASDAQ:ETSYGet Free Report) last announced its earnings results on Wednesday, February 21st. The specialty retailer reported $0.78 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.78. The firm had revenue of $842.32 million for the quarter, compared to analysts’ expectations of $827.40 million. Etsy had a net margin of 11.19% and a negative return on equity of 70.75%. On average, analysts anticipate that Etsy, Inc. will post 2.6 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on ETSY shares. Barclays lifted their target price on shares of Etsy from $63.00 to $67.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 22nd. Raymond James lifted their target price on shares of Etsy from $70.00 to $90.00 and gave the stock an “outperform” rating in a research report on Thursday, December 14th. Evercore ISI cut their price objective on shares of Etsy from $95.00 to $90.00 and set an “outperform” rating for the company in a research report on Thursday, February 22nd. Morgan Stanley cut their price objective on shares of Etsy from $66.00 to $64.00 and set an “equal weight” rating for the company in a research report on Thursday, February 22nd. Finally, Wolfe Research boosted their price objective on shares of Etsy from $76.00 to $100.00 and gave the company an “outperform” rating in a research report on Thursday, December 14th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $88.88.

Read Our Latest Stock Analysis on Etsy

Institutional Trading of Etsy

Several hedge funds have recently made changes to their positions in ETSY. Connor Clark & Lunn Investment Management Ltd. grew its holdings in Etsy by 23.0% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 309,333 shares of the specialty retailer’s stock valued at $19,977,000 after purchasing an additional 57,785 shares during the last quarter. Northern Trust Corp grew its stake in Etsy by 4.3% in the 3rd quarter. Northern Trust Corp now owns 1,194,153 shares of the specialty retailer’s stock worth $77,118,000 after acquiring an additional 48,934 shares in the last quarter. DAVENPORT & Co LLC grew its stake in Etsy by 201.5% in the 3rd quarter. DAVENPORT & Co LLC now owns 579,791 shares of the specialty retailer’s stock worth $37,291,000 after acquiring an additional 387,467 shares in the last quarter. CVA Family Office LLC bought a new position in Etsy in the 4th quarter worth about $27,000. Finally, Alpine Global Management LLC bought a new position in Etsy in the 3rd quarter worth about $1,808,000. 99.53% of the stock is currently owned by hedge funds and other institutional investors.

About Etsy

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for Etsy (NASDAQ:ETSY)

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