Etsy Inc. (NASDAQ:ETSY) CEO Chad Dickerson sold 105,289 shares of Etsy stock in a transaction that occurred on Monday, October 10th. The shares were sold at an average price of $16.00, for a total transaction of $1,684,624.00. Following the sale, the chief executive officer now owns 857,645 shares in the company, valued at approximately $13,722,320. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Etsy Inc. (NASDAQ:ETSY) opened at 14.48 on Monday. The firm has a 50-day moving average of $14.35 and a 200-day moving average of $11.06. Etsy Inc. has a 12-month low of $6.04 and a 12-month high of $16.05. The firm’s market cap is $1.61 billion.
Etsy (NASDAQ:ETSY) last announced its earnings results on Tuesday, August 2nd. The company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by $0.05. The company had revenue of $85.35 million for the quarter, compared to the consensus estimate of $80.55 million. Etsy had a negative return on equity of 3.08% and a negative net margin of 5.37%. The firm’s revenue for the quarter was up 38.9% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.07) EPS. On average, analysts expect that Etsy Inc. will post ($0.06) EPS for the current year.
A number of analysts have recently issued reports on the stock. Wedbush reiterated a “neutral” rating and set a $15.00 price objective (up previously from $13.00) on shares of Etsy in a research note on Thursday. Citigroup Inc. lifted their price objective on shares of Etsy from $16.00 to $20.00 and gave the company a “buy” rating in a research note on Friday, October 7th. Zacks Investment Research lowered shares of Etsy from a “buy” rating to a “hold” rating in a research note on Tuesday, October 4th. Maxim Group lifted their price objective on shares of Etsy from $15.00 to $17.00 and gave the company a “buy” rating in a research note on Monday, September 26th. Finally, Monness Crespi & Hardt upgraded shares of Etsy from a “neutral” rating to a “buy” rating and set a $17.00 price objective on the stock in a research note on Wednesday, September 21st. Ten investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Etsy has an average rating of “Hold” and an average price target of $14.73.
A number of large investors have recently made changes to their positions in the company. BlackRock Fund Advisors boosted its stake in shares of Etsy by 401.1% in the second quarter. BlackRock Fund Advisors now owns 2,462,098 shares of the company’s stock worth $23,612,000 after buying an additional 1,970,739 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Etsy by 28.7% in the second quarter. Vanguard Group Inc. now owns 5,425,487 shares of the company’s stock worth $52,031,000 after buying an additional 1,210,862 shares during the last quarter. State Street Corp boosted its stake in shares of Etsy by 416.3% in the second quarter. State Street Corp now owns 1,496,378 shares of the company’s stock worth $14,350,000 after buying an additional 1,206,570 shares during the last quarter. Lord Abbett & CO. LLC boosted its stake in shares of Etsy by 396.8% in the second quarter. Lord Abbett & CO. LLC now owns 1,327,915 shares of the company’s stock worth $12,735,000 after buying an additional 1,060,646 shares during the last quarter. Finally, BlackRock Institutional Trust Company N.A. boosted its stake in shares of Etsy by 206.9% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 1,307,356 shares of the company’s stock worth $12,538,000 after buying an additional 881,323 shares during the last quarter. 58.14% of the stock is owned by hedge funds and other institutional investors.
Etsy, Inc (Etsy) operates a marketplace to connect people around the both online and offline for making, selling and buying goods. The Company’s geographical segments include United States and International. The Company’s community includes Etsy sellers, Etsy buyers, wholesale partners, manufacturers and Etsy employees.
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