Etsy (NYSE:ETSY) CAO Sells 1,396 Shares of Company Stock

Etsy Inc (NYSE:ETSY) CAO Merilee Buckley sold 1,396 shares of the company’s stock in a transaction dated Monday, October 5th. The shares were sold at an average price of $71.35, for a total transaction of $99,604.60. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Merilee Buckley also recently made the following trade(s):

• On Monday, August 17th, Merilee Buckley sold 405 shares of Etsy stock. The stock was sold at an average price of $79.50, for a total transaction of $32,197.50.

Etsy Trading Up 0.3%

Shares of ETSY traded up $0.19 on Wednesday, reaching $71.58. 2,349,079 shares of the company’s stock were exchanged, compared to its average volume of 3,243,019. The business has a 50 day moving average price of $77.74 and a two-hundred day moving average price of $70.46. Etsy Inc has a 12 month low of $44.00 and a 12 month high of $87.97. The stock has a market capitalization of $6.79 billion, a P/E ratio of 39.99, a price-to-earnings-growth ratio of 1.77 and a beta of 1.86.

Etsy (NYSE:ETSY) last announced its quarterly earnings data on Wednesday, August 5th. The company reported ($0.49) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.75 by ($1.24). Etsy had a net margin of 7.32% and a negative return on equity of 34.18%. The business had revenue of $668.31 million during the quarter, compared to the consensus estimate of $646.10 million. During the same period in the previous year, the business posted $0.25 earnings per share. Etsy’s revenue was down .7% compared to the same quarter last year. Equities research analysts predict that Etsy Inc will post 3.94 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Citigroup raised their target price on Etsy from $60.00 to $92.00 and gave the stock a “neutral” rating in a report on Friday, August 7th. Morgan Stanley upgraded shares of Etsy from an “underweight” rating to an “outperform” rating in a research report on Thursday, August 20th. Seaport Research Partners raised shares of Etsy to a “buy” rating in a research note on Thursday, August 20th. Royal Bank Of Canada cut shares of Etsy to a “sector perform” rating in a report on Thursday, August 20th. Finally, UBS Group upped their target price on shares of Etsy from $74.00 to $86.00 and gave the company a “neutral” rating in a research note on Friday, August 7th. Two analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, eighteen have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $86.21.

Hedge Funds Weigh In On Etsy

Hedge funds and other institutional investors have recently bought and sold shares of the business. Headlands Technologies LLC acquired a new stake in shares of Etsy during the 2nd quarter worth about $1,045,000. Ieq Capital LLC acquired a new stake in Etsy during the second quarter worth approximately $4,083,000. Landscape Capital Management L.L.C. bought a new stake in shares of Etsy during the second quarter worth approximately $6,466,000. Public Employees Retirement System of Ohio acquired a new position in shares of Etsy in the second quarter valued at approximately $2,144,000. Finally, Bank of Nova Scotia acquired a new position in shares of Etsy in the second quarter valued at approximately $18,602,000. Institutional investors own 99.53% of the company’s stock.

About Etsy

Etsy, Inc operates a global online marketplace focused on unique and creative goods. Its platform connects buyers with independent sellers offering handmade products, vintage items, craft supplies, personalized merchandise, home décor, jewelry, clothing, and other specialty goods.

The company generates revenue primarily through marketplace services, including seller listing and transaction fees, payment processing, advertising, and other seller-focused services. Etsy also provides tools intended to help independent merchants manage their shops, market products, process orders, and reach customers.

Founded in 2005 and headquartered in Brooklyn, New York, Etsy serves buyers and sellers in numerous countries.