Chad Dickerson Sells 105,289 Shares of Etsy Inc. (ETSY) Stock
Etsy Inc. (NASDAQ:ETSY) CEO Chad Dickerson sold 105,289 shares of the firm’s stock in a transaction that occurred on Monday, October 10th. The shares were sold at an average price of $16.00, for a total value of $1,684,624.00. Following the completion of the sale, the chief executive officer now directly owns 857,645 shares of the company’s stock, valued at $13,722,320. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
Shares of Etsy Inc. (NASDAQ:ETSY) opened at 14.82 on Friday. The firm’s market cap is $1.65 billion. Etsy Inc. has a 12-month low of $6.04 and a 12-month high of $16.05. The stock’s 50 day moving average price is $14.33 and its 200 day moving average price is $11.02.
Etsy (NASDAQ:ETSY) last issued its quarterly earnings data on Tuesday, August 2nd. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by $0.05. The business had revenue of $85.35 million for the quarter, compared to analyst estimates of $80.55 million. Etsy had a negative return on equity of 3.08% and a negative net margin of 5.37%. The business’s quarterly revenue was up 38.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.07) earnings per share. On average, equities research analysts predict that Etsy Inc. will post ($0.06) EPS for the current fiscal year.
Several research firms recently weighed in on ETSY. Citigroup Inc. began coverage on Etsy in a research note on Monday, August 1st. They issued a “buy” rating and a $14.00 price objective for the company. Zacks Investment Research raised Etsy from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a research note on Friday, August 5th. Roth Capital raised Etsy from a “sell” rating to a “neutral” rating and raised their price objective for the company from $6.50 to $14.25 in a research note on Wednesday, August 3rd. Maxim Group raised their price objective on Etsy from $12.00 to $15.00 and gave the company a “buy” rating in a research note on Wednesday, August 3rd. Finally, TheStreet raised Etsy from a “sell” rating to a “hold” rating in a research note on Wednesday, August 3rd. Ten analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $14.73.
A number of large investors have recently added to or reduced their stakes in ETSY. Pacad Investment Ltd. purchased a new stake in Etsy during the first quarter worth $131,000. JPMorgan Chase & Co. increased 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. State Street Corp increased its stake in Etsy by 8.2% in the first quarter. State Street Corp now owns 289,808 shares of the company’s stock worth $2,523,000 after buying an additional 21,896 shares during the period. Geode Capital Management LLC increased its stake in Etsy by 3.9% in the first quarter. Geode Capital Management LLC now owns 169,884 shares of the company’s stock worth $1,477,000 after buying an additional 6,370 shares during the period. Finally, Bayesian Capital Management LP purchased a new stake in Etsy during the first quarter worth $177,000. Hedge funds and other 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.
Receive News & Ratings for Etsy Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Etsy Inc. and related companies with MarketBeat.com's FREE daily email newsletter.