Etsy, Inc. (NASDAQ:ETSY) Insider Sells $72,360.00 in Stock

Etsy, Inc. (NASDAQ:ETSY) insider Nicholas Daniel sold 1,500 shares of the business’s stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $48.24, for a total transaction of $72,360.00. Following the sale, the insider now directly owns 34,822 shares of the company’s stock, valued at $1,679,813.28. This represents a 4.13 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Nicholas Daniel also recently made the following trade(s):

• On Monday, March 3rd, Nicholas Daniel sold 1,500 shares of Etsy stock. The stock was sold at an average price of $50.48, for a total value of $75,720.00.
• On Monday, February 3rd, Nicholas Daniel sold 1,500 shares of Etsy stock. The shares were sold at an average price of $55.34, for a total value of $83,010.00.

Etsy Stock Down 4.0 %

NASDAQ:ETSY traded down $2.01 during trading hours on Thursday, reaching $48.41. 6,552,317 shares of the stock were exchanged, compared to its average volume of 3,736,218. Etsy, Inc. has a twelve month low of $43.43 and a twelve month high of $71.72. The business has a 50-day moving average of $50.70 and a two-hundred day moving average of $52.54. The company 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 (NASDAQ:ETSY) last posted its earnings results on Wednesday, February 19th. The specialty retailer reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.95 by $0.08. The firm had revenue of $852.16 million for the quarter, compared to analyst estimates of $861.37 million. Etsy had a negative return on equity of 46.62% and a net margin of 10.80%. Etsy’s revenue was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.62 EPS. On average, research analysts forecast that Etsy, Inc. will post 2.57 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in ETSY. Lindbrook Capital LLC boosted its position in Etsy by 55.7% in the 4th quarter. Lindbrook Capital LLC now owns 506 shares of the specialty retailer’s stock valued at $27,000 after buying an additional 181 shares during the period. True Wealth Design LLC increased its position in shares of Etsy by 112.7% during the fourth quarter. True Wealth Design LLC now owns 551 shares of the specialty retailer’s stock worth $29,000 after acquiring an additional 292 shares during the period. Hurley Capital LLC acquired a new stake in shares of Etsy in the fourth quarter valued at $32,000. Strategic Investment Solutions Inc. IL purchased a new position in Etsy in the fourth quarter valued at $34,000. Finally, Summit Securities Group LLC acquired a new position in Etsy during the 4th quarter worth $37,000. Institutional investors and hedge funds own 99.53% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on ETSY. Deutsche Bank Aktiengesellschaft cut Etsy to a “hold” rating and dropped their price target for the stock from $45.00 to $43.00 in a research report on Wednesday, February 12th. Jefferies Financial Group raised shares of Etsy from an “underperform” rating to a “hold” rating and upped their target price for the stock from $45.00 to $55.00 in a report on Monday, January 13th. Citigroup decreased their price target on shares of Etsy from $56.00 to $53.00 and set a “neutral” rating on the stock in a research note on Thursday, February 20th. Morgan Stanley dropped their price objective on shares of Etsy from $45.00 to $44.00 and set an “underweight” rating for the company in a research note on Thursday, February 20th. Finally, Canaccord Genuity Group decreased their target price on shares of Etsy from $105.00 to $76.00 and set a “buy” rating on the stock in a research note on Thursday, February 20th. Four analysts have rated the stock with a sell rating, fifteen have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $58.38.

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, 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.