Etsy Inc (NYSE:ETSY - Get Free Report) insider Richard Edward Colburn III sold 4,776 shares of the business's stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $65.09, for a total transaction of $310,869.84. Following the completion of the sale, the insider owned 6,503 shares of the company's stock, valued at approximately $423,280.27. The trade was a 42.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.
Etsy Stock Performance
Shares of ETSY traded down $1.12 during mid-day trading on Tuesday, reaching $62.92. The company's stock had a trading volume of 2,780,985 shares, compared to its average volume of 3,530,568. The firm has a market capitalization of $5.97 billion, a PE ratio of 26.22, a PEG ratio of 2.59 and a beta of 1.90. Etsy Inc has a 52 week low of $44.00 and a 52 week high of $76.51. The stock's fifty day moving average price is $55.48.
Etsy (NYSE:ETSY - Get Free Report) last posted its quarterly earnings results on Thursday, February 19th. The company reported $0.92 EPS for the quarter, beating analysts' consensus estimates of $0.88 by $0.04. Etsy had a net margin of 9.94% and a negative return on equity of 28.60%. The company had revenue of $881.64 million during the quarter. As a group, sell-side analysts expect that Etsy Inc will post 3.71 EPS for the current fiscal year.
Wall Street Analyst Weigh In
A number of research analysts have issued reports on ETSY shares. Zacks Research downgraded shares of Etsy from a "strong-buy" rating to a "hold" rating in a research report on Monday, April 20th. Cantor Fitzgerald boosted their price objective on shares of Etsy from $51.00 to $59.00 and gave the company a "neutral" rating in a research report on Tuesday, April 21st. UBS Group boosted their price objective on shares of Etsy from $72.00 to $74.00 and gave the company a "neutral" rating in a research report on Thursday, April 30th. JPMorgan Chase & Co. boosted their price objective on shares of Etsy from $58.00 to $75.00 and gave the company a "neutral" rating in a research report on Thursday, April 30th. Finally, B. Riley Financial downgraded shares of Etsy from a "buy" rating to a "neutral" rating and boosted their price objective for the company from $70.00 to $75.00 in a research report on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, nineteen have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $70.09.
Read Our Latest Research Report on ETSY
Trending Headlines about Etsy
Here are the key news stories impacting Etsy this week:
Institutional Trading of Etsy
A number of hedge funds and other institutional investors have recently modified their holdings of ETSY. EFG International AG purchased a new stake in shares of Etsy in the 4th quarter worth about $33,000. Abich Financial Wealth Management LLC purchased a new stake in shares of Etsy in the 3rd quarter worth about $51,000. Blue Trust Inc. grew its position in shares of Etsy by 19.3% in the 1st quarter. Blue Trust Inc. now owns 1,238 shares of the company's stock worth $62,000 after buying an additional 200 shares during the period. Danske Bank A S purchased a new stake in shares of Etsy in the 3rd quarter worth about $66,000. Finally, Federation des caisses Desjardins du Quebec grew its position in shares of Etsy by 22.8% in the 4th quarter. Federation des caisses Desjardins du Quebec now owns 1,210 shares of the company's stock worth $67,000 after buying an additional 225 shares during the period. 99.53% of the stock is owned by hedge funds and other institutional investors.
About Etsy
(
Get Free Report)
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.
Further Reading

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