Etsy Inc. (NASDAQ:ETSY) CFO Kristina Salen sold 63,161 shares of the stock in a transaction that occurred on Friday, September 23rd. The stock was sold at an average price of $15.00, for a total transaction of $947,415.00. Following the completion of the sale, the chief financial officer now directly owns 64,903 shares of the company’s stock, valued at $973,545. The transaction was disclosed in a filing with the SEC, which is available at this link.
Kristina Salen also recently made the following trade(s):
- On Wednesday, September 21st, Kristina Salen sold 156,839 shares of Etsy stock. The stock was sold at an average price of $15.00, for a total transaction of $2,352,585.00.
Shares of Etsy Inc. (NASDAQ:ETSY) opened at 14.70 on Wednesday. Etsy Inc. has a 12 month low of $6.04 and a 12 month high of $15.70. The company has a 50-day moving average price of $14.00 and a 200-day moving average price of $10.54. The company’s market capitalization is $1.63 billion.
Etsy (NASDAQ:ETSY) last announced its quarterly earnings results on Tuesday, August 2nd. The company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of ($0.01) by $0.05. The company had revenue of $85.35 million for the quarter, compared to analysts’ expectations of $80.55 million. Etsy had a negative net margin of 5.37% and a negative return on equity of 3.08%. The firm’s revenue was up 38.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.07) earnings per share. On average, analysts forecast that Etsy Inc. will post ($0.01) EPS for the current fiscal year.
ETSY has been the subject of several analyst reports. Citigroup Inc. started coverage on shares of Etsy in a report on Monday, August 1st. They issued a “buy” rating and a $14.00 target price for the company. Vetr downgraded Etsy from a “strong-buy” rating to a “buy” rating and set a $12.44 price target for the company. in a research note on Monday, August 1st. Wedbush restated a “neutral” rating and issued a $13.00 price target (up from $10.00) on shares of Etsy in a research note on Wednesday, August 3rd. Goldman Sachs Group Inc. upped their price target on Etsy from $11.00 to $14.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 3rd. Finally, Morgan Stanley dropped their price target on Etsy from $11.50 to $9.00 and set an “equal weight” rating for the company in a research note on Wednesday, August 3rd. Ten equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Etsy currently has an average rating of “Hold” and an average price target of $14.09.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. boosted its stake in Etsy by 42.6% in the first quarter. JPMorgan Chase & Co. now owns 543,251 shares of the company’s stock worth $4,726,000 after buying an additional 162,213 shares during the period. SG Americas Securities LLC acquired a new stake in Etsy during the second quarter worth approximately $1,024,000. Strs Ohio acquired a new stake in Etsy during the second quarter worth approximately $535,000. TD Asset Management Inc. boosted its stake in Etsy by 9.9% in the second quarter. TD Asset Management Inc. now owns 18,800 shares of the company’s stock worth $180,000 after buying an additional 1,700 shares during the period. Finally, Pacad Investment Ltd. acquired a new stake in Etsy during the first quarter worth approximately $131,000. Institutional investors own 58.14% of the company’s stock.
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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