Etsy, Inc. (NASDAQ:ETSY) CEO Josh Silverman Sells 21,666 Shares

Etsy, Inc. (NASDAQ:ETSY - Get Free Report) CEO Josh Silverman sold 21,666 shares of the stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $43.09, for a total transaction of $933,587.94. Following the completion of the sale, the chief executive officer now owns 53,484 shares in the company, valued at $2,304,625.56. This represents a 28.83 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Josh Silverman also recently made the following trade(s):

• On Tuesday, April 1st, Josh Silverman sold 21,666 shares of Etsy stock. The stock was sold at an average price of $48.23, for a total value of $1,044,951.18.
• On Monday, February 24th, Josh Silverman sold 21,666 shares of Etsy stock. The stock was sold at an average price of $52.05, for a total value of $1,127,715.30.

Etsy Trading Up 4.2 %

ETSY traded up $1.93 during trading on Thursday, reaching $47.85. The stock had a trading volume of 3,363,228 shares, compared to its average volume of 3,847,857. Etsy, Inc. has a one year low of $40.05 and a one year high of $66.93. The company has a market capitalization of $4.99 billion, a price-to-earnings ratio of 20.19, a P/E/G ratio of 2.57 and a beta of 1.78. The stock's 50 day moving average is $45.52 and its two-hundred day moving average is $50.98.

Etsy (NASDAQ:ETSY - Get Free Report) last announced its earnings results on Wednesday, April 30th. The specialty retailer reported $0.46 earnings per share for the quarter, missing analysts' consensus estimates of $0.50 by ($0.04). The business had revenue of $651.18 million for the quarter, compared to the consensus estimate of $642.22 million. Etsy had a net margin of 10.80% and a negative return on equity of 46.62%. Etsy's revenue for the quarter was up .8% on a year-over-year basis. During the same period in the prior year, the business posted $0.48 EPS. On average, equities research analysts predict that Etsy, Inc. will post 2.57 earnings per share for the current year.

Hedge Funds Weigh In On Etsy

Hedge funds have recently bought and sold shares of the company. Lindbrook Capital LLC grew its holdings in shares of Etsy by 55.7% during the fourth 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 last quarter. True Wealth Design LLC raised its stake in shares of Etsy by 112.7% in the fourth quarter. True Wealth Design LLC now owns 551 shares of the specialty retailer's stock worth $29,000 after purchasing an additional 292 shares during the last quarter. Hurley Capital LLC purchased a new stake in shares of Etsy during the fourth quarter valued at $32,000. Strategic Investment Solutions Inc. IL bought a new position in Etsy during the 4th quarter valued at about $34,000. Finally, Allworth Financial LP grew its stake in shares of Etsy by 47.6% in the first quarter. Allworth Financial LP now owns 769 shares of the specialty retailer's stock worth $35,000 after acquiring an additional 248 shares during the period. Institutional investors own 99.53% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on ETSY shares. B. Riley decreased their price objective on shares of Etsy from $62.00 to $55.00 and set a "buy" rating on the stock in a research report on Thursday, May 1st. The Goldman Sachs Group cut their price objective on Etsy from $35.00 to $31.00 and set a "sell" rating for the company in a report on Thursday, May 1st. Evercore ISI dropped their target price on Etsy from $60.00 to $54.00 and set an "outperform" rating for the company in a research report on Thursday, May 1st. UBS Group decreased their price target on shares of Etsy from $46.00 to $45.00 and set a "neutral" rating on the stock in a research note on Thursday, May 1st. Finally, Stifel Nicolaus cut their price objective on shares of Etsy from $51.00 to $45.00 and set a "hold" rating for the company in a research note on Wednesday, April 23rd. Four equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $50.14.

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.