Nicholas Daniel Sells 1,500 Shares of Etsy, Inc. (NASDAQ:ETSY) Stock

Etsy, Inc. (NASDAQ:ETSY - Get Free Report) insider Nicholas Daniel sold 1,500 shares of the company's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $51.36, for a total value of $77,040.00. Following the sale, the insider owned 34,683 shares in the company, valued at approximately $1,781,318.88. This represents a 4.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Monday, June 2nd, Nicholas Daniel sold 1,500 shares of Etsy stock. The shares were sold at an average price of $58.77, for a total transaction of $88,155.00.
• On Thursday, May 1st, Nicholas Daniel sold 1,500 shares of Etsy stock. The stock was sold at an average price of $43.07, for a total transaction of $64,605.00.

Etsy Price Performance

Etsy stock traded up $1.44 during trading hours on Friday, reaching $54.40. The company had a trading volume of 4,307,775 shares, compared to its average volume of 4,308,567. Etsy, Inc. has a 12-month low of $40.05 and a 12-month high of $66.81. The company has a 50-day moving average price of $51.64 and a 200 day moving average price of $50.85. The firm has a market cap of $5.67 billion, a price-to-earnings ratio of 38.86, a P/E/G ratio of 2.91 and a beta of 1.74.

Etsy (NASDAQ:ETSY - Get Free Report) last issued its earnings results on Wednesday, April 30th. The specialty retailer reported $0.46 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.04). Etsy had a negative return on equity of 39.60% and a net margin of 6.69%. The firm had revenue of $651.18 million during the quarter, compared to analysts' expectations of $642.22 million. During the same period in the previous year, the firm earned $0.48 earnings per share. The firm's quarterly revenue was up .8% compared to the same quarter last year. As a group, research analysts expect that Etsy, Inc. will post 2.57 earnings per share for the current year.

Institutional Investors Weigh In On Etsy

A number of large investors have recently added to or reduced their stakes in ETSY. Proficio Capital Partners LLC purchased a new stake in shares of Etsy during the fourth quarter worth about $604,000. Smartleaf Asset Management LLC raised its position in Etsy by 218.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,491 shares of the specialty retailer's stock valued at $80,000 after purchasing an additional 1,023 shares during the last quarter. SBI Securities Co. Ltd. purchased a new stake in Etsy in the 4th quarter worth approximately $61,000. Charles Schwab Investment Management Inc. grew its position 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 worth $59,820,000 after buying an additional 122,126 shares during the last quarter. Finally, Keybank National Association OH purchased a new position in shares of Etsy during the fourth quarter valued at approximately $240,000. Institutional investors own 99.53% of the company's stock.

Analysts Set New Price Targets

ETSY has been the topic of several research analyst reports. Stifel Nicolaus decreased their price target on shares of Etsy from $51.00 to $45.00 and set a "hold" rating on the stock in a report on Wednesday, April 23rd. Piper Sandler reduced their target price on Etsy from $52.00 to $40.00 and set a "neutral" rating for the company in a research report on Friday, April 11th. JPMorgan Chase & Co. raised their price target on Etsy from $42.00 to $50.00 and gave the company a "neutral" rating in a report on Wednesday, June 4th. Wells Fargo & Company set a $41.00 price objective on Etsy and gave the stock an "underweight" rating in a report on Monday. Finally, Evercore ISI lowered their target price on shares of Etsy from $60.00 to $54.00 and set an "outperform" rating on the stock in a research note on Thursday, May 1st. Six equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $49.91.

Etsy Company Profile

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.