Etsy, Inc. (NASDAQ:ETSY – Get Free Report) CMO Ryan M. Scott sold 1,043 shares of the stock in a transaction dated Tuesday, October 3rd. The stock was sold at an average price of $62.91, for a total transaction of $65,615.13. Following the completion of the transaction, the chief marketing officer now directly owns 7,735 shares of the company’s stock, valued at $486,608.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Etsy Stock Performance
NASDAQ:ETSY traded down $0.88 during trading hours on Thursday, reaching $62.86. The company’s stock had a trading volume of 3,622,990 shares, compared to its average volume of 3,326,794. The stock has a 50 day moving average price of $73.61 and a two-hundred day moving average price of $87.66. Etsy, Inc. has a 12 month low of $61.22 and a 12 month high of $149.91.
Etsy (NASDAQ:ETSY – Get Free Report) last issued its quarterly earnings data on Wednesday, August 2nd. The specialty retailer reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.42. Etsy had a negative return on equity of 69.10% and a negative net margin of 26.84%. The firm had revenue of $628.88 million during the quarter, compared to analysts’ expectations of $621.87 million. On average, sell-side analysts predict that Etsy, Inc. will post 2.73 earnings per share for the current fiscal year.
Institutional Trading of Etsy
A number of institutional investors have recently modified their holdings of ETSY. Private Advisor Group LLC raised its position in shares of Etsy by 16.1% in the 1st quarter. Private Advisor Group LLC now owns 5,222 shares of the specialty retailer’s stock valued at $649,000 after purchasing an additional 725 shares during the last quarter. Panagora Asset Management Inc. increased its position in shares of Etsy by 320.6% in the 1st quarter. Panagora Asset Management Inc. now owns 11,255 shares of the specialty retailer’s stock valued at $1,399,000 after acquiring an additional 8,579 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in Etsy by 6.6% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 16,964 shares of the specialty retailer’s stock worth $2,108,000 after acquiring an additional 1,051 shares during the last quarter. Yousif Capital Management LLC lifted its position in Etsy by 0.7% during the 1st quarter. Yousif Capital Management LLC now owns 29,567 shares of the specialty retailer’s stock worth $3,675,000 after acquiring an additional 211 shares during the period. Finally, U.S. Capital Wealth Advisors LLC raised its position in Etsy by 7.3% during the first quarter. U.S. Capital Wealth Advisors LLC now owns 2,256 shares of the specialty retailer’s stock valued at $280,000 after acquiring an additional 153 shares in the last quarter. 92.98% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
Several brokerages recently weighed in on ETSY. Truist Financial reaffirmed a “buy” rating and issued a $126.00 price target on shares of Etsy in a research note on Tuesday, September 19th. DA Davidson dropped their price objective on Etsy from $166.00 to $157.00 and set a “buy” rating on the stock in a research report on Thursday, August 3rd. StockNews.com started coverage on shares of Etsy in a research note on Thursday, August 17th. They set a “hold” rating on the stock. Loop Capital decreased their price objective on shares of Etsy from $90.00 to $70.00 and set a “hold” rating for the company in a report on Monday, September 11th. Finally, Evercore ISI dropped their target price on shares of Etsy from $105.00 to $85.00 and set an “outperform” rating on the stock in a report on Tuesday, September 26th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $110.96.
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, France, and India. Its primary marketplace is Etsy.com that connects artisans and entrepreneurs with various consumers.