Etsy, Inc. (NASDAQ:ETSY) CMO Ryan M. Scott Sells 6,146 Shares
Etsy, Inc. (NASDAQ:ETSY) CMO Ryan M. Scott sold 6,146 shares of the business’s stock in a transaction on Monday, April 5th. The shares were sold at an average price of $198.44, for a total transaction of $1,219,612.24. Following the transaction, the chief marketing officer now owns 7,983 shares in the company, valued at approximately $1,584,146.52. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Shares of NASDAQ ETSY opened at $204.02 on Thursday. The stock has a market capitalization of $25.72 billion, a P/E ratio of 113.34, a PEG ratio of 3.58 and a beta of 1.66. The company has a debt-to-equity ratio of 1.65, a current ratio of 4.98 and a quick ratio of 4.98. Etsy, Inc. has a one year low of $47.87 and a one year high of $251.86. The firm’s 50 day simple moving average is $212.21 and its two-hundred day simple moving average is $176.79.
Etsy (NASDAQ:ETSY) last posted its quarterly earnings results on Thursday, February 25th. The specialty retailer reported $1.08 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.48. Etsy had a net margin of 16.83% and a return on equity of 46.30%. As a group, equities analysts expect that Etsy, Inc. will post 2.12 earnings per share for the current fiscal year.
ETSY has been the subject of several research reports. Loop Capital raised their target price on Etsy from $210.00 to $240.00 and gave the company a “buy” rating in a research note on Monday, January 25th. Deutsche Bank Aktiengesellschaft upped their target price on Etsy from $162.00 to $239.00 and gave the stock a “buy” rating in a research report on Monday, March 29th. Evercore ISI initiated coverage on shares of Etsy in a research note on Monday. They issued an “outperform” rating and a $265.00 price objective on the stock. Jefferies Financial Group boosted their target price on shares of Etsy from $205.00 to $245.00 and gave the stock a “buy” rating in a research report on Tuesday, January 26th. Finally, Morgan Stanley lifted their price target on Etsy from $93.00 to $123.00 and gave the company an “underweight” rating in a research note on Thursday, March 4th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and eighteen have issued a buy rating to the company. Etsy presently has an average rating of “Buy” and an average target price of $207.09.
Etsy, Inc operates two-sided online marketplaces that connect buyers and sellers primarily in the United States, the United Kingdom, Germany, Canada, Australia, France, and India. Its online market places include Etsy.com and Reverb.com. The company offers approximately 85 million items in its various retail categories to buyers.
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