Insider Selling: Etsy, Inc. (NASDAQ:ETSY) Insider Sells 1,500 Shares of Stock

Key Points

• Nicholas Daniel, an insider at Etsy, sold 1,500 shares for $88,185, reducing his ownership by 4.32% to 33,183 shares.
• Etsy's stock price fell by 2.3% to $55.98 during recent trading, amid fluctuations in trading volume.
earnings per share of $0.25 for the last quarter, missing estimates, although revenue was up 3.8% year-over-year, reaching $672.66 million.

Etsy, Inc. (NASDAQ:ETSY - Get Free Report) insider Nicholas Daniel sold 1,500 shares of the business's stock in a transaction on Friday, August 1st. The stock was sold at an average price of $58.79, for a total transaction of $88,185.00. Following the transaction, the insider directly owned 33,183 shares in the company, valued at approximately $1,950,828.57. The trade was a 4.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

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

• On Tuesday, July 1st, Nicholas Daniel sold 1,500 shares of Etsy stock. The stock was sold at an average price of $51.36, for a total transaction of $77,040.00.
• On Monday, June 2nd, Nicholas Daniel sold 1,500 shares of Etsy stock. The stock was sold at an average price of $58.77, for a total transaction of $88,155.00.

Etsy Trading Up 7.6%

ETSY traded up $4.29 on Thursday, reaching $60.49. The company had a trading volume of 5,732,463 shares, compared to its average volume of 4,828,448. The company has a fifty day moving average of $57.31 and a 200-day moving average of $51.52. The company has a market capitalization of $6.00 billion, a P/E ratio of 48.78, a PEG ratio of 3.55 and a beta of 1.73. Etsy, Inc. has a one year low of $40.05 and a one year high of $68.45.

Etsy (NASDAQ:ETSY - Get Free Report) last announced its earnings results on Wednesday, July 30th. The specialty retailer reported $0.25 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.54 by ($0.29). The company had revenue of $672.66 million during the quarter, compared to the consensus estimate of $645.16 million. Etsy had a net margin of 5.78% and a negative return on equity of 31.10%. The business's quarterly revenue was up 3.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.41 EPS. Research analysts predict that Etsy, Inc. will post 2.57 EPS for the current year.

Hedge Funds Weigh In On Etsy

A number of institutional investors and hedge funds have recently bought and sold shares of ETSY. O Shaughnessy Asset Management LLC boosted its position in shares of Etsy by 83.3% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 8,455 shares of the specialty retailer's stock valued at $447,000 after purchasing an additional 3,843 shares in the last quarter. Quadrant Capital Group LLC boosted its position in shares of Etsy by 162.6% during the 4th quarter. Quadrant Capital Group LLC now owns 2,500 shares of the specialty retailer's stock valued at $132,000 after purchasing an additional 1,548 shares in the last quarter. Aster Capital Management DIFC Ltd bought a new position in shares of Etsy during the 4th quarter valued at about $599,000. Cerity Partners LLC boosted its position in shares of Etsy by 32.9% during the 4th quarter. Cerity Partners LLC now owns 30,412 shares of the specialty retailer's stock valued at $1,626,000 after purchasing an additional 7,528 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its position in shares of Etsy by 4.5% during the 4th quarter. Renaissance Technologies LLC now owns 5,421,641 shares of the specialty retailer's stock valued at $286,751,000 after purchasing an additional 235,550 shares in the last quarter. Institutional investors own 99.53% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on ETSY. Stifel Nicolaus boosted their target price on shares of Etsy from $45.00 to $66.00 and gave the stock a "hold" rating in a research report on Tuesday, July 29th. Arete raised shares of Etsy from a "sell" rating to a "neutral" rating and set a $54.00 price target on the stock in a report on Thursday. JPMorgan Chase & Co. upped their price target on shares of Etsy from $50.00 to $53.00 and gave the company a "neutral" rating in a report on Tuesday, July 22nd. Barclays reaffirmed a "positive" rating and issued a $60.00 price target (up from $52.00) on shares of Etsy in a report on Thursday, July 31st. Finally, Loop Capital cut their price target on shares of Etsy from $40.00 to $37.00 and set a "sell" rating on the stock in a report on Thursday, May 1st. Four equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $57.20.

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.