Etsy, Inc. (NASDAQ:ETSY) Insider Nicholas Daniel Sells 1,500 Shares

Etsy, Inc. (NASDAQ:ETSY) insider Nicholas Daniel sold 1,500 shares of the business’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $50.48, for a total value of $75,720.00. Following the sale, the insider now owns 20,698 shares of the company’s stock, valued at approximately $1,044,835.04. The trade was a 6.76 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Nicholas Daniel also recently made the following trade(s):

• On Monday, February 3rd, Nicholas Daniel sold 1,500 shares of Etsy stock. The stock was sold at an average price of $55.34, for a total value of $83,010.00.

Etsy Trading Up 1.1 %

Etsy stock opened at $50.00 on Thursday. Etsy, Inc. has a 12 month low of $47.10 and a 12 month high of $73.48. The stock’s 50 day moving average is $53.53 and its 200-day moving average is $53.67. The company has a market capitalization of $5.35 billion, a price-to-earnings ratio of 21.10, a PEG ratio of 2.57 and a beta of 2.00.

Etsy (NASDAQ:ETSY) last posted its earnings results on Wednesday, February 19th. The specialty retailer reported $1.03 EPS for the quarter, beating the consensus estimate of $0.95 by $0.08. Etsy had a negative return on equity of 46.62% and a net margin of 10.80%. The company had revenue of $852.16 million for the quarter, compared to the consensus estimate of $861.37 million. During the same quarter in the prior year, the business earned $0.62 earnings per share. The firm’s revenue for the quarter was up 1.2% on a year-over-year basis. As a group, equities research analysts predict that Etsy, Inc. will post 2.57 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on ETSY shares. Wells Fargo & Company boosted their target price on Etsy from $44.00 to $47.00 and gave the stock an “underweight” rating in a research report on Thursday, February 20th. Loop Capital decreased their price objective on Etsy from $45.00 to $40.00 and set a “sell” rating for the company in a research note on Thursday, February 20th. Truist Financial decreased their price objective on Etsy from $70.00 to $67.00 and set a “buy” rating for the company in a research note on Wednesday, January 29th. Citigroup decreased their price objective on Etsy from $56.00 to $53.00 and set a “neutral” rating for the company in a research note on Thursday, February 20th. Finally, UBS Group decreased their price objective on Etsy from $55.00 to $54.00 and set a “neutral” rating for the company in a research note on Thursday, February 20th. Four investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $58.78.

Institutional Investors Weigh In On Etsy

A number of large investors have recently added to or reduced their stakes in the stock. Brooklyn FI LLC acquired a new stake in Etsy during the fourth quarter worth approximately $5,229,000. Neo Ivy Capital Management acquired a new stake in Etsy during the fourth quarter worth approximately $3,334,000. GTS Securities LLC grew its position in Etsy by 142.3% during the fourth quarter. GTS Securities LLC now owns 14,667 shares of the specialty retailer’s stock worth $776,000 after buying an additional 49,333 shares in the last quarter. PharVision Advisers LLC acquired a new stake in Etsy during the fourth quarter worth approximately $283,000. Finally, Voloridge Investment Management LLC grew its position in Etsy by 40.6% during the fourth quarter. Voloridge Investment Management LLC now owns 476,457 shares of the specialty retailer’s stock worth $25,200,000 after buying an additional 137,602 shares in the last quarter. Institutional investors and hedge funds own 99.53% of the company’s stock.

Etsy Company Profile

Etsy, Inc, together with its subsidiaries, operates two-sided online marketplaces that connect buyers and sellers in the United States, the United Kingdom, Germany, Canada, Australia, and France. 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.