Etsy, Inc. (NASDAQ:ETSY) CAO Merilee Buckley Sells 5,817 Shares

Key Points

• Etsy's CAO, Merilee Buckley, sold 5,817 shares of the company's stock at an average price of $58.83, totaling $342,214.11.
• The company's recent earnings report showed $0.25 EPS, missing analysts' estimates of $0.54 EPS, despite revenue being up 3.8% year-over-year at $672.66 million.
• Etsy's stock has been rated mainly as a "hold," with a consensus target price of $56.76, amidst a mixed bag of analyst price targets ranging from $37.00 to $76.00.

Etsy, Inc. (NASDAQ:ETSY - Get Free Report) CAO Merilee Buckley sold 5,817 shares of the stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $58.83, for a total value of $342,214.11. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Etsy Price Performance

Shares of ETSY stock traded up $4.29 during mid-day trading on Thursday, hitting $60.49. 5,732,385 shares of the stock traded hands, compared to its average volume of 4,828,313. The stock has a market cap of $6.00 billion, a P/E ratio of 48.78, a P/E/G ratio of 3.55 and a beta of 1.73. The stock's fifty day moving average is $57.31 and its two-hundred day moving average is $51.52. Etsy, Inc. has a 52-week low of $40.05 and a 52-week high of $68.45.

Etsy (NASDAQ:ETSY - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The specialty retailer reported $0.25 EPS for the quarter, missing analysts' consensus estimates of $0.54 by ($0.29). The firm had revenue of $672.66 million for the quarter, compared to analyst estimates of $645.16 million. Etsy had a negative return on equity of 31.10% and a net margin of 5.78%. The business's revenue was up 3.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.41 EPS. As a group, equities analysts forecast that Etsy, Inc. will post 2.57 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Signaturefd LLC grew its stake in shares of Etsy by 52.7% in the second quarter. Signaturefd LLC now owns 556 shares of the specialty retailer's stock worth $28,000 after acquiring an additional 192 shares in the last quarter. True Wealth Design LLC lifted its position in Etsy by 112.7% in the fourth quarter. True Wealth Design LLC now owns 551 shares of the specialty retailer's stock valued at $29,000 after acquiring an additional 292 shares during the last quarter. Strategic Investment Solutions Inc. IL purchased a new stake in Etsy in the fourth quarter valued at $34,000. Allworth Financial LP lifted its position in Etsy by 47.6% in the first quarter. Allworth Financial LP now owns 769 shares of the specialty retailer's stock valued at $35,000 after acquiring an additional 248 shares during the last quarter. Finally, SVB Wealth LLC purchased a new stake in shares of Etsy in the first quarter valued at about $36,000. 99.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on ETSY shares. UBS Group reaffirmed a "neutral" rating and issued a $67.00 target price on shares of Etsy in a research report on Thursday, July 31st. Citigroup lowered their price target on shares of Etsy from $53.00 to $48.00 and set a "neutral" rating on the stock in a research report on Friday, April 25th. Cantor Fitzgerald boosted their price objective on shares of Etsy from $52.00 to $64.00 and gave the company a "neutral" rating in a report on Thursday, July 31st. Loop Capital lowered their target price 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. Finally, Barclays reissued a "positive" rating and set a $60.00 price target (up previously from $52.00) on shares of Etsy in a research report on Thursday, July 31st. Four 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 company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target 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.