Etsy, Inc. (NASDAQ:ETSY - Get Free Report) CEO Josh Silverman sold 151,666 shares of the stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $57.68, for a total transaction of $8,748,094.88. Following the completion of the sale, the chief executive officer now directly owns 107,809 shares in the company, valued at approximately $6,218,423.12. This represents a 58.45% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Josh Silverman also recently made the following trade(s):
- On Thursday, May 1st, Josh Silverman sold 21,666 shares of Etsy stock. The stock was sold at an average price of $43.09, for a total value of $933,587.94.
- On Tuesday, April 1st, Josh Silverman sold 21,666 shares of Etsy stock. The shares were sold at an average price of $48.23, for a total value of $1,044,951.18.
Etsy Trading Up 1.7%
Shares of ETSY stock traded up $1.09 during mid-day trading on Friday, reaching $63.81. The stock had a trading volume of 6,146,023 shares, compared to its average volume of 4,056,516. Etsy, Inc. has a 1-year low of $40.05 and a 1-year high of $66.93. The firm has a market cap of $6.65 billion, a price-to-earnings ratio of 26.92, a PEG ratio of 2.57 and a beta of 1.78. The business's fifty day moving average is $47.26 and its 200-day moving average is $50.93.
Etsy (NASDAQ:ETSY - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The specialty retailer reported $0.46 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.50 by ($0.04). The firm had revenue of $651.18 million during the quarter, compared to analyst estimates of $642.22 million. Etsy had a negative return on equity of 46.62% and a net margin of 10.80%. The business's revenue was up .8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.48 earnings per share. On average, analysts forecast that Etsy, Inc. will post 2.57 earnings per share for the current year.
Analyst Ratings Changes
ETSY has been the subject of several research analyst reports. Loop Capital decreased their target price on Etsy from $40.00 to $37.00 and set a "sell" rating for the company in a research report on Thursday, May 1st. B. Riley reduced their price target on shares of Etsy from $62.00 to $55.00 and set a "buy" rating on the stock in a research note on Thursday, May 1st. Morgan Stanley decreased their price objective on shares of Etsy from $40.00 to $38.00 and set an "underweight" rating for the company in a report on Thursday, May 1st. Cantor Fitzgerald upped their target price on shares of Etsy from $42.00 to $47.00 and gave the stock a "neutral" rating in a research note on Thursday, May 1st. Finally, Piper Sandler reduced their target price on shares of Etsy from $52.00 to $40.00 and set a "neutral" rating on the stock in a research report on Friday, April 11th. Four investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $50.50.
Get Our Latest Stock Analysis on ETSY
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the stock. DJE Kapital AG purchased a new position in shares of Etsy during the 4th quarter worth $983,000. Versant Capital Management Inc boosted its holdings in Etsy by 1,066.3% in the 1st quarter. Versant Capital Management Inc now owns 9,622 shares of the specialty retailer's stock valued at $454,000 after purchasing an additional 8,797 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Etsy by 12.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,131,020 shares of the specialty retailer's stock valued at $59,820,000 after buying an additional 122,126 shares during the period. Los Angeles Capital Management LLC purchased a new stake in shares of Etsy in the 4th quarter valued at approximately $492,000. Finally, Brooklyn FI LLC acquired a new stake in shares of Etsy during the 4th quarter worth approximately $5,229,000. 99.53% of the stock is currently owned by institutional investors and hedge funds.
About Etsy
(
Get Free Report)
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.
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