Etsy, Inc. (NASDAQ:ETSY) CAO Merilee Buckley Sells 1,676 Shares

Etsy, Inc. (NASDAQ:ETSY) CAO Merilee Buckley sold 1,676 shares of the firm’s stock in a transaction that occurred on Thursday, April 3rd. The stock was sold at an average price of $48.40, for a total transaction of $81,118.40. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Etsy Trading Down 4.0 %

Shares of ETSY traded down $2.01 during mid-day trading on Thursday, reaching $48.41. The company’s stock had a trading volume of 6,552,317 shares, compared to its average volume of 3,736,218. The stock has a market cap of $5.18 billion, a P/E ratio of 20.43, a PEG ratio of 2.57 and a beta of 2.15. Etsy, Inc. has a 1-year low of $43.43 and a 1-year high of $71.72. The business has a 50-day simple moving average of $50.70 and a two-hundred day simple moving average of $52.54.

Etsy (NASDAQ:ETSY) last released 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 firm had revenue of $852.16 million during the quarter, compared to analysts’ expectations of $861.37 million. Etsy had a net margin of 10.80% and a negative return on equity of 46.62%. The company’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.62 earnings per share. Research analysts anticipate that Etsy, Inc. will post 2.57 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts recently commented on ETSY shares. Needham & Company LLC restated a “buy” rating and set a $60.00 price objective on shares of Etsy in a report on Thursday, February 20th. Citigroup dropped their price target on Etsy from $56.00 to $53.00 and set a “neutral” rating on the stock in a research note on Thursday, February 20th. Truist Financial cut their price target on Etsy from $70.00 to $67.00 and set a “buy” rating on the stock in a report on Wednesday, January 29th. JPMorgan Chase & Co. began coverage on Etsy in a report on Wednesday, March 19th. They set a “neutral” rating and a $50.00 price objective for the company. Finally, JMP Securities restated a “market perform” rating on shares of Etsy in a research note on Monday, December 16th. Four 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 company’s stock. According to data from MarketBeat, Etsy has an average rating of “Hold” and a consensus price target of $58.38.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Versant Capital Management Inc grew its position in shares of Etsy by 1,066.3% in the first quarter. Versant Capital Management Inc now owns 9,622 shares of the specialty retailer’s stock valued at $454,000 after purchasing an additional 8,797 shares during the last quarter. Kera Capital Partners Inc. bought a new stake in Etsy in the 1st quarter valued at $231,000. 111 Capital acquired a new position in Etsy in the 4th quarter valued at $310,000. Wealth Enhancement Advisory Services LLC increased its position in Etsy by 125.6% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 17,453 shares of the specialty retailer’s stock worth $923,000 after buying an additional 9,718 shares during the period. Finally, Brooklyn FI LLC acquired a new stake in shares of Etsy during the fourth quarter worth $5,229,000. 99.53% of the stock is owned by institutional investors.

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.