Merilee Buckley Sells 881 Shares of Etsy (NYSE:ETSY) Stock

Etsy Inc (NYSE:ETSY) CAO Merilee Buckley sold 881 shares of the firm’s stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $75.35, for a total value of $66,383.35. Following the completion of the sale, the chief accounting officer directly owned 405 shares in the company, valued at approximately $30,516.75. The trade was a 68.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Etsy Price Performance

Shares of ETSY stock opened at $77.90 on Friday. The company has a market cap of $7.39 billion, a price-to-earnings ratio of 32.46, a PEG ratio of 3.21 and a beta of 1.83. The stock has a 50 day simple moving average of $68.57 and a 200-day simple moving average of $60.08. Etsy Inc has a 1-year low of $44.00 and a 1-year high of $80.41.

Hedge Funds Weigh In On Etsy

A number of institutional investors and hedge funds have recently bought and sold shares of ETSY. EFG International AG acquired a new stake in Etsy in the 4th quarter valued at about $33,000. Blue Trust Inc. grew its position in shares of Etsy by 19.3% in the first quarter. Blue Trust Inc. now owns 1,238 shares of the company’s stock valued at $62,000 after purchasing an additional 200 shares in the last quarter. Danske Bank A S purchased a new stake in shares of Etsy in the third quarter valued at approximately $66,000. Federation des caisses Desjardins du Quebec increased its holdings in shares of Etsy by 22.8% in the fourth quarter. Federation des caisses Desjardins du Quebec now owns 1,210 shares of the company’s stock valued at $67,000 after purchasing an additional 225 shares during the last quarter. Finally, Eurizon Capital SGR S.p.A. acquired a new stake in shares of Etsy in the fourth quarter valued at approximately $79,000. 99.53% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting Etsy

Here are the key news stories impacting Etsy this week:

• Positive Sentiment: Recent reports suggest Etsy is seeing a buyer rebound, with active buyers returning to sequential growth and spending per buyer improving, which could help revenue and cash flow if the trend continues. Etsy (ETSY) Buyers Return To Growth, Is The Stock Now Too Pricey?
• Positive Sentiment: Etsy also reported its first sequential increase in active buyers in two years, along with stronger app-based sales and gains from personalized search and AI-driven shopping tools, which may improve the long-term investment case. Is Etsy’s Buyer Rebound and App Engagement Shift Altering The Investment Case For Etsy (ETSY)?
• Neutral Sentiment: One valuation-focused article says Etsy may look attractive on cash flow, but not obviously cheap on earnings, leaving investors split on whether the recent rebound has made the shares expensive. Is Etsy (ETSY) Stock Cheap On Cash Flow Or Expensive On Earnings?
• Negative Sentiment: Sentiment was also weighed down by insider selling, including CAO Merilee Buckley’s sale of 881 shares under a pre-arranged 10b5-1 plan. Insider Selling: Etsy (NYSE:ETSY) CAO Sells 881 Shares
• Negative Sentiment: Additional insider sales from other executives added to the cautious tone, even though those trades were also disclosed under planned programs. Frederick Wilson Sells 20,000 Shares of Etsy (NYSE:ETSY) Stock
• Negative Sentiment: Etsy also traded lower alongside other growth names after a broader risk-off market move tied to geopolitical headlines and rising yields. Etsy and CarGurus Stocks Trade Down, What You Need To Know

Analyst Ratings Changes

A number of research firms have weighed in on ETSY. UBS Group upgraded shares of Etsy from a “neutral” rating to a “neutral” rating in a research report on Thursday, May 21st. Roth Capital started coverage on shares of Etsy in a research note on Thursday, May 21st. They set a “buy” rating for the company. Evercore set a $72.00 price target on shares of Etsy in a research report on Wednesday, April 29th. Barclays raised their price target on shares of Etsy from $72.00 to $82.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Finally, Arete Research set a $76.00 price objective on Etsy and gave the stock a “buy” rating in a report on Wednesday, May 20th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, eighteen have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $71.80.

About Etsy

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 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. In addition, it offers various seller services, including Etsy Payments, a payment processing service; Etsy Ads, an advertising platform; and Shipping Labels, which allows sellers in the United States, Canada, the United Kingdom, Australia, and India to purchase discounted shipping labels.