Etsy Inc. (NASDAQ:ETSY) insider John Allspaw sold 36,532 shares of the stock in a transaction that occurred on Wednesday, September 21st. The stock was sold at an average price of $15.00, for a total value of $547,980.00. Following the completion of the sale, the insider now directly owns 39,928 shares of the company’s stock, valued at $598,920. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
John Allspaw also recently made the following trade(s):
- On Tuesday, August 2nd, John Allspaw sold 63,468 shares of Etsy stock. The stock was sold at an average price of $12.50, for a total value of $793,350.00.
Shares of Etsy Inc. (NASDAQ:ETSY) opened at 14.76 on Thursday. The firm has a 50-day moving average price of $14.03 and a 200-day moving average price of $10.57. Etsy Inc. has a 52-week low of $6.04 and a 52-week high of $15.70. The stock’s market capitalization is $1.64 billion.
Etsy (NASDAQ:ETSY) last issued its quarterly earnings results on Tuesday, August 2nd. The company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates 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 company earned $85.35 million during the quarter, compared to the consensus estimate of $80.55 million. During the same period in the prior year, the firm earned ($0.07) earnings per share. The business’s revenue for the quarter was up 38.9% compared to the same quarter last year. On average, analysts predict that Etsy Inc. will post ($0.06) EPS for the current year.
Several hedge funds have recently modified their holdings of the company. Schwab Charles Investment Management Inc. boosted its stake in shares of Etsy by 216.0% in the second quarter. Schwab Charles Investment Management Inc. now owns 185,806 shares of the company’s stock worth $1,782,000 after buying an additional 126,998 shares in the last quarter. Amalgamated Bank bought a new stake in shares of Etsy during the second quarter worth approximately $161,000. American Century Companies Inc. bought a new stake in shares of Etsy during the second quarter worth approximately $166,000. Legal & General Group Plc boosted its stake in shares of Etsy by 1,829.4% in the second quarter. Legal & General Group Plc now owns 11,017 shares of the company’s stock worth $104,000 after buying an additional 10,446 shares in the last quarter. Finally, Metropolitan Life Insurance Co. NY bought a new stake in shares of Etsy during the second quarter worth approximately $738,000. 58.14% of the stock is currently owned by hedge funds and other institutional investors.
Several analysts have recently commented on the company. Maxim Group increased their price objective on Etsy from $15.00 to $17.00 and gave the stock a “buy” rating in a research note on Monday. TheStreet raised Etsy from a “sell” rating to a “hold” rating in a research note on Wednesday, August 3rd. RBC Capital Markets reissued a “neutral” rating and issued a $13.00 price objective (up from $11.00) on shares of Etsy in a research note on Friday, August 5th. Zacks Investment Research downgraded Etsy from a “buy” rating to a “hold” rating in a research report on Monday, August 22nd. Finally, Loop Capital started coverage on Etsy in a research report on Tuesday, September 13th. They set a “hold” rating and a $14.00 price target for the company. Ten equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $14.09.
Etsy Company Profile
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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