Etsy, Inc. (NASDAQ:ETSY - Get Free Report) insider Toni Thompson Nadal sold 1,444 shares of the stock in a transaction on Thursday, April 3rd. The shares were sold at an average price of $48.30, for a total value of $69,745.20. Following the completion of the transaction, the insider now owns 592 shares in the company, valued at $28,593.60. The trade was a 70.92 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.
Etsy Trading Down 4.0 %
Shares of ETSY opened at $48.41 on Friday. The stock has a market capitalization of $5.18 billion, a price-to-earnings ratio of 20.43, a PEG ratio of 2.57 and a beta of 2.15. Etsy, Inc. has a 12 month low of $43.43 and a 12 month high of $71.72. The firm has a fifty day simple moving average of $50.61 and a 200 day simple moving average of $52.51.
Etsy (NASDAQ:ETSY - Get Free Report) last posted its quarterly earnings data on Wednesday, February 19th. The specialty retailer reported $1.03 EPS for the quarter, topping 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%. The company's quarterly revenue was up 1.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.62 EPS. As a group, research analysts predict that Etsy, Inc. will post 2.57 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the stock. Cerity Partners LLC grew its stake in shares of Etsy by 28.9% in the third quarter. Cerity Partners LLC now owns 22,884 shares of the specialty retailer's stock valued at $1,271,000 after buying an additional 5,128 shares in the last quarter. Glenmede Trust Co. NA acquired a new stake in Etsy in the third quarter valued at $222,000. CreativeOne Wealth LLC bought a new position in shares of Etsy in the 3rd quarter valued at about $238,000. Janus Henderson Group PLC increased its stake in shares of 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 purchasing an additional 34,991 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. raised its holdings in shares of Etsy by 146.0% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 22,876 shares of the specialty retailer's stock valued at $1,270,000 after purchasing an additional 13,577 shares during the period. Institutional investors and hedge funds own 99.53% of the company's stock.
Wall Street Analyst Weigh In
A number of analysts recently commented on ETSY shares. UBS Group lowered their price objective on Etsy from $55.00 to $54.00 and set a "neutral" rating for the company in a research report on Thursday, February 20th. Citigroup lowered their price target on shares of Etsy from $56.00 to $53.00 and set a "neutral" rating for the company in a research report on Thursday, February 20th. JPMorgan Chase & Co. started coverage on shares of Etsy in a report on Wednesday, March 19th. They issued a "neutral" rating and a $50.00 price objective on the stock. Morgan Stanley lowered their target price on shares of Etsy from $45.00 to $44.00 and set an "underweight" rating for the company in a report on Thursday, February 20th. Finally, JMP Securities reissued a "market perform" rating on shares of Etsy in a research note on Monday, December 16th. Four equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $58.38.
Get Our Latest Analysis on Etsy
About Etsy
(
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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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