Etsy Inc. (NASDAQ:ETSY) CFO Kristina Salen sold 156,839 shares of the firm’s stock in a transaction dated Wednesday, September 21st. The shares were sold at an average price of $15.00, for a total value of $2,352,585.00. Following the transaction, the chief financial officer now owns 158,581 shares in the company, valued at $2,378,715. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Etsy Inc. (NASDAQ:ETSY) opened at 15.215 on Friday. Etsy Inc. has a 52 week low of $6.04 and a 52 week high of $15.70. The firm’s 50-day moving average is $13.94 and its 200-day moving average is $10.43. The company’s market cap is $1.69 billion.
Etsy (NASDAQ:ETSY) last issued its quarterly earnings results on Tuesday, August 2nd. The company reported ($0.06) EPS for the quarter, missing the consensus estimate of ($0.01) by $0.05. Etsy had a negative return on equity of 3.08% and a negative net margin of 5.37%. The business had revenue of $85.35 million for the quarter, compared to the consensus estimate of $80.55 million. During the same period last year, the firm earned ($0.07) earnings per share. The company’s quarterly revenue was up 38.9% compared to the same quarter last year. On average, analysts expect that Etsy Inc. will post ($0.06) EPS for the current fiscal year.
Several equities research analysts have recently issued reports on the company. Maxim Group raised their price target on Etsy from $12.00 to $15.00 and gave the company a “buy” rating in a research report on Wednesday, August 3rd. Wedbush reaffirmed a “neutral” rating and issued a $13.00 price target (up from $10.00) on shares of Etsy in a research report on Wednesday, August 3rd. Vetr downgraded Etsy from a “strong-buy” rating to a “buy” rating and set a $12.44 price target on the stock. in a research report on Monday, August 1st. Loop Capital assumed coverage on Etsy in a research report on Tuesday, September 13th. They issued a “hold” rating and a $14.00 price target on the stock. Finally, Morgan Stanley lowered their price target on Etsy from $11.50 to $9.00 and set an “equal weight” rating on the stock in a research report on Wednesday, August 3rd. Ten research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $13.94.
Large investors have recently modified their holdings of the company. 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 valued at $52,031,000 after buying an additional 1,210,862 shares during the period. 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. 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. Point72 Asset Management L.P. boosted its stake in shares of Etsy by 67.8% in the second quarter. Point72 Asset Management L.P. now owns 1,494,500 shares of the company’s stock worth $14,332,000 after buying an additional 603,700 shares during the last quarter. Finally, 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. 58.14% of the stock is currently 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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