Insider Selling: Etsy, Inc. (NASDAQ:ETSY) CEO Sells 10,425 Shares of Stock

Etsy, Inc. (NASDAQ:ETSY – Get Free Report) CEO Josh Silverman sold 10,425 shares of the firm’s stock in a transaction that occurred on Wednesday, October 11th. The shares were sold at an average price of $64.51, for a total transaction of $672,516.75. Following the completion of the transaction, the chief executive officer now owns 23,140 shares of the company’s stock, valued at approximately $1,492,761.40. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Josh Silverman also recently made the following trade(s):

On Wednesday, September 27th, Josh Silverman sold 10,425 shares of Etsy stock. The shares were sold at an average price of $62.56, for a total transaction of $652,188.00.
On Wednesday, September 13th, Josh Silverman sold 10,425 shares of Etsy stock. The stock was sold at an average price of $64.77, for a total transaction of $675,227.25.
On Wednesday, August 30th, Josh Silverman sold 10,425 shares of Etsy stock. The stock was sold at an average price of $74.29, for a total value of $774,473.25.
On Wednesday, August 2nd, Josh Silverman sold 20,850 shares of Etsy stock. The shares were sold at an average price of $95.57, for a total value of $1,992,634.50.
On Wednesday, July 19th, Josh Silverman sold 20,850 shares of Etsy stock. The stock was sold at an average price of $95.35, for a total value of $1,988,047.50.

Etsy Trading Down 2.5 %

Shares of NASDAQ:ETSY traded down $1.59 during mid-day trading on Friday, hitting $63.17. 3,448,547 shares of the company traded hands, compared to its average volume of 3,319,096. The stock has a 50-day moving average price of $69.77 and a two-hundred day moving average price of $85.90. Etsy, Inc. has a 12-month low of $61.22 and a 12-month high of $149.91. The stock has a market cap of $7.77 billion, a P/E ratio of -10.74, a P/E/G ratio of 3.22 and a beta of 2.04.

Etsy (NASDAQ:ETSY – Get Free Report) last posted its quarterly earnings data on Wednesday, August 2nd. The specialty retailer reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.42. The firm had revenue of $628.88 million for the quarter, compared to the consensus estimate of $621.87 million. Etsy had a negative net margin of 26.84% and a negative return on equity of 69.10%. As a group, analysts expect that Etsy, Inc. will post 2.73 earnings per share for the current year.

Hedge Funds Weigh In On Etsy

Hedge funds have recently modified their holdings of the company. Private Advisor Group LLC increased its position in shares of Etsy by 16.1% during the first quarter. Private Advisor Group LLC now owns 5,222 shares of the specialty retailer’s stock valued at $649,000 after acquiring an additional 725 shares during the last quarter. Panagora Asset Management Inc. increased its position in shares of Etsy by 320.6% during the 1st quarter. Panagora Asset Management Inc. now owns 11,255 shares of the specialty retailer’s stock valued at $1,399,000 after purchasing an additional 8,579 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of Etsy by 6.6% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 16,964 shares of the specialty retailer’s stock worth $2,108,000 after purchasing an additional 1,051 shares during the period. Yousif Capital Management LLC boosted its holdings in shares of Etsy by 0.7% in the 1st quarter. Yousif Capital Management LLC now owns 29,567 shares of the specialty retailer’s stock worth $3,675,000 after buying an additional 211 shares during the last quarter. Finally, U.S. Capital Wealth Advisors LLC grew its position in Etsy by 7.3% during the first quarter. U.S. Capital Wealth Advisors LLC now owns 2,256 shares of the specialty retailer’s stock valued at $280,000 after buying an additional 153 shares during the period. Institutional investors own 92.98% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Wolfe Research raised shares of Etsy from a “peer perform” rating to an “outperform” rating and set a $100.00 target price for the company in a research report on Thursday, September 14th. Wedbush initiated coverage on shares of Etsy in a research report on Monday, October 2nd. They set a “neutral” rating and a $70.00 price objective for the company. Guggenheim dropped their target price on shares of Etsy from $125.00 to $80.00 and set a “buy” rating on the stock in a report on Wednesday, September 13th. Evercore ISI decreased their price target on Etsy from $105.00 to $85.00 and set an “outperform” rating for the company in a report on Tuesday, September 26th. Finally, Bank of America lowered their price objective on Etsy from $123.00 to $110.00 in a research report on Friday, July 28th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, Etsy currently has an average rating of “Hold” and an average target price of $108.48.

Get Our Latest Stock Analysis on ETSY

About Etsy

(Get Free Report)

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, France, and India. Its primary marketplace is Etsy.com that connects artisans and entrepreneurs with various consumers.

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