Etsy, Inc. (NASDAQ:ETSY) Shares Purchased by Geneva Capital Management LLC

Geneva Capital Management LLC raised its position in Etsy, Inc. (NASDAQ:ETSY) by 2.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 69,965 shares of the specialty retailer’s stock after purchasing an additional 1,934 shares during the quarter. Geneva Capital Management LLC’s holdings in Etsy were worth $4,808,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. CVA Family Office LLC bought a new stake in Etsy during the 4th quarter valued at $27,000. Sunbelt Securities Inc. raised its stake in shares of Etsy by 3,900.0% during the first quarter. Sunbelt Securities Inc. now owns 440 shares of the specialty retailer’s stock valued at $30,000 after purchasing an additional 429 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in Etsy by 402.2% in the fourth quarter. EverSource Wealth Advisors LLC now owns 447 shares of the specialty retailer’s stock worth $36,000 after purchasing an additional 358 shares during the period. Larson Financial Group LLC grew its position in Etsy by 1,576.5% in the 1st quarter. Larson Financial Group LLC now owns 570 shares of the specialty retailer’s stock valued at $39,000 after buying an additional 536 shares in the last quarter. Finally, Tompkins Financial Corp acquired a new position in Etsy during the 4th quarter valued at about $41,000. Institutional investors own 99.53% of the company’s stock.

Wall Street Analysts Forecast Growth

ETSY has been the subject of several recent analyst reports. JMP Securities cut shares of Etsy from an “outperform” rating to a “market perform” rating in a report on Thursday, May 2nd. Citigroup lowered their price target on Etsy from $72.00 to $62.00 and set a “neutral” rating on the stock in a research report on Thursday, May 2nd. Needham & Company LLC cut their price objective on Etsy from $95.00 to $75.00 and set a “buy” rating for the company in a report on Thursday, May 2nd. Oppenheimer dropped their price target on shares of Etsy from $95.00 to $80.00 and set an “outperform” rating on the stock in a research report on Monday, April 29th. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Etsy from $80.00 to $65.00 and set a “hold” rating on the stock in a research note on Wednesday, April 10th. Four research analysts have rated the stock with a sell rating, ten have given a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, Etsy presently has an average rating of “Hold” and an average price target of $79.88.

Insider Buying and Selling

In other Etsy news, insider Toni Thompson Nadal sold 1,444 shares of the stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $65.68, for a total transaction of $94,841.92. Following the transaction, the insider now owns 592 shares in the company, valued at $38,882.56. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 2.60% of the company’s stock.

Etsy Stock Up 1.7 %

Shares of ETSY traded up $0.99 during mid-day trading on Thursday, hitting $58.31. 2,604,342 shares of the company’s stock were exchanged, compared to its average volume of 3,620,655. The stock has a market cap of $6.82 billion, a price-to-earnings ratio of 26.63, a P/E/G ratio of 4.51 and a beta of 2.02. The firm has a fifty day moving average of $61.25 and a two-hundred day moving average of $67.79. Etsy, Inc. has a twelve month low of $55.08 and a twelve month high of $102.81.

Etsy (NASDAQ:ETSY) last posted its earnings results on Wednesday, May 1st. The specialty retailer reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.01). The company had revenue of $646.00 million for the quarter, compared to the consensus estimate of $646.30 million. Etsy had a net margin of 10.75% and a negative return on equity of 67.27%. Etsy’s quarterly revenue was up .8% on a year-over-year basis. During the same quarter last year, the business earned $0.53 earnings per share. On average, equities analysts predict that Etsy, Inc. will post 2.49 earnings per share for the current year.

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.