Etsy (NYSE:ETSY) Director Sells 300 Shares

Key Points

• Etsy Director Marla Blow sold 300 shares at an average price of $79.56, totaling $23,868, under a pre-arranged Rule 10b5-1 trading plan. She retains 13,024 shares, and the sale reduced her ownership by 2.25%.
• Etsy shares recently traded at $80.70, with a market capitalization of approximately $7.66 billion and a 52-week range of $44.00 to $87.97.
• The company’s latest quarterly results missed EPS expectations but exceeded revenue estimates, while analysts maintain a consensus “Hold” rating with an average price target of $82.73.

Etsy Inc (NYSE:ETSY - Get Free Report) Director Marla Blow sold 300 shares of the company's stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $79.56, for a total value of $23,868.00. Following the completion of the sale, the director owned 13,024 shares of the company's stock, valued at $1,036,189.44. This trade represents a 2.25% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Etsy Price Performance

Etsy stock traded up $0.74 during trading on Wednesday, reaching $80.70. 2,047,129 shares of the company were exchanged, compared to its average volume of 3,265,948. The stock's 50 day simple moving average is $79.30 and its two-hundred day simple moving average is $64.88. The company has a market capitalization of $7.66 billion, a P/E ratio of 45.08, a PEG ratio of 5.47 and a beta of 1.84. Etsy Inc has a 52-week low of $44.00 and a 52-week high of $87.97.

Etsy (NYSE:ETSY - Get Free Report) last issued its earnings results on Wednesday, August 5th. The company reported ($0.49) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.75 by ($1.24). Etsy had a net margin of 7.32% and a negative return on equity of 34.18%. The company had revenue of $668.31 million during the quarter, compared to analysts' expectations of $646.10 million. During the same quarter in the previous year, the company earned $0.25 earnings per share. The firm's quarterly revenue was down .7% compared to the same quarter last year. As a group, equities analysts forecast that Etsy Inc will post 3.94 earnings per share for the current year.

Institutional Investors Weigh In On Etsy

A number of hedge funds have recently bought and sold shares of the stock. EFG International AG acquired a new position in shares of Etsy during the fourth quarter worth about $33,000. Global Retirement Partners LLC purchased a new position in Etsy in the second quarter worth approximately $34,000. Blue Trust Inc. lifted its stake in Etsy by 19.3% in the first quarter. Blue Trust Inc. now owns 1,238 shares of the company's stock worth $62,000 after acquiring an additional 200 shares during the last quarter. Danske Bank A S acquired a new position in Etsy during the 3rd quarter worth approximately $66,000. Finally, Federation des caisses Desjardins du Quebec grew its holdings in Etsy by 22.8% during the 4th quarter. Federation des caisses Desjardins du Quebec now owns 1,210 shares of the company's stock worth $67,000 after acquiring an additional 225 shares in the last quarter. Institutional investors and hedge funds own 99.53% of the company's stock.

Analyst Ratings Changes

ETSY has been the subject of a number of recent analyst reports. B. Riley Financial raised their price target on shares of Etsy from $75.00 to $82.00 and gave the stock a "neutral" rating in a report on Monday, August 10th. Citigroup raised their price objective on Etsy from $60.00 to $92.00 and gave the stock a "neutral" rating in a research report on Friday, August 7th. Susquehanna cut shares of Etsy to a "neutral" rating in a research report on Thursday, May 21st. Wedbush assumed coverage on shares of Etsy in a research note on Thursday, July 16th. They issued a "neutral" rating and a $80.00 price objective for the company. Finally, Zacks Research downgraded shares of Etsy from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, July 14th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, twenty have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, Etsy currently has a consensus rating of "Hold" and a consensus price target of $82.73.

Etsy Company Profile

Etsy, Inc operates two-sided online marketplaces that connect buyers and sellers primarily in the United States, the United Kingdom, Germany, Canada, Australia, France, and India. 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. In addition, it offers various seller services, including Etsy Payments, a payment processing service; Etsy Ads, an advertising platform; and Shipping Labels, which allows sellers in the United States, Canada, the United Kingdom, Australia, and India to purchase discounted shipping labels.

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