Insider Selling: Etsy (NYSE:ETSY) CAO Sells $99,604.60 in Stock

Etsy Inc (NYSE:ETSY) CAO Merilee Buckley sold 1,396 shares of the company’s stock in a transaction on Monday, October 5th. The shares were sold at an average price of $71.35, for a total transaction of $99,604.60. The transaction was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Merilee Buckley also recently made the following trade(s):

• On Monday, August 17th, Merilee Buckley sold 405 shares of Etsy stock. The shares were sold at an average price of $79.50, for a total transaction of $32,197.50.

Etsy Trading Up 0.3%

ETSY stock traded up $0.19 during trading on Wednesday, reaching $71.58. 2,349,079 shares of the stock were exchanged, compared to its average volume of 3,243,019. Etsy Inc has a twelve month low of $44.00 and a twelve month high of $87.97. The company has a market capitalization of $6.79 billion, a P/E ratio of 39.99, a price-to-earnings-growth ratio of 1.77 and a beta of 1.86. The stock has a 50 day simple moving average of $77.74 and a 200-day simple moving average of $70.46.

Etsy (NYSE:ETSY) last posted its quarterly earnings results on Wednesday, August 5th. The company reported ($0.49) EPS for the quarter, missing the consensus estimate of $0.75 by ($1.24). Etsy had a net margin of 7.32% and a negative return on equity of 34.18%. The firm had revenue of $668.31 million during the quarter, compared to analyst estimates of $646.10 million. During the same period last year, the company earned $0.25 EPS. The company’s revenue was down .7% on a year-over-year basis. Equities analysts predict that Etsy Inc will post 3.94 EPS for the current year.

Hedge Funds Weigh In On Etsy

Several institutional investors have recently added to or reduced their stakes in ETSY. Blue Trust Inc. increased its holdings in Etsy by 19.3% during the 1st 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. Lmcg Investments LLC raised its position in Etsy by 0.3% in the 1st quarter. Lmcg Investments LLC now owns 71,569 shares of the company’s stock valued at $3,577,000 after purchasing an additional 249 shares during the last quarter. Modera Wealth Management LLC boosted its stake in Etsy by 1.3% in the first quarter. Modera Wealth Management LLC now owns 23,889 shares of the company’s stock worth $1,194,000 after purchasing an additional 302 shares in the last quarter. Compound Planning Inc. grew its holdings in shares of Etsy by 8.6% during the first quarter. Compound Planning Inc. now owns 4,346 shares of the company’s stock worth $217,000 after purchasing an additional 346 shares during the last quarter. Finally, Waddell & Associates LLC increased its position in Etsy by 12.6% in the 4th quarter. Waddell & Associates LLC now owns 3,643 shares of the company’s stock valued at $202,000 after acquiring an additional 408 shares in the last quarter. 99.53% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on ETSY shares. Cantor Fitzgerald raised their price objective on shares of Etsy from $80.00 to $85.00 and gave the stock a “neutral” rating in a report on Friday, August 7th. Loop Capital set a $105.00 price target on shares of Etsy in a research note on Thursday, August 20th. The Goldman Sachs Group began coverage on Etsy in a report on Monday, August 17th. They set a “neutral” rating and a $89.00 price objective on the stock. Morgan Stanley upgraded Etsy from an “underweight” rating to an “outperform” rating in a research note on Thursday, August 20th. Finally, Raymond James Financial raised their target price on Etsy from $75.00 to $92.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 21st. Two analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, eighteen have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Etsy presently has a consensus rating of “Hold” and an average target price of $86.21.

About Etsy

Etsy, Inc operates a global online marketplace focused on unique and creative goods. Its platform connects buyers with independent sellers offering handmade products, vintage items, craft supplies, personalized merchandise, home décor, jewelry, clothing, and other specialty goods.

The company generates revenue primarily through marketplace services, including seller listing and transaction fees, payment processing, advertising, and other seller-focused services. Etsy also provides tools intended to help independent merchants manage their shops, market products, process orders, and reach customers.

Founded in 2005 and headquartered in Brooklyn, New York, Etsy serves buyers and sellers in numerous countries.