Merilee Buckley Sells 1,676 Shares of Etsy, Inc. (NASDAQ:ETSY) Stock

Etsy, Inc. (NASDAQ:ETSY) CAO Merilee Buckley sold 1,676 shares of the firm’s stock in a transaction dated Thursday, April 3rd. The stock was sold at an average price of $48.40, for a total value of $81,118.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Etsy Price Performance

NASDAQ:ETSY traded down $2.01 during mid-day trading on Thursday, reaching $48.41. 6,552,317 shares of the company’s stock traded hands, compared to its average volume of 3,736,218. Etsy, Inc. has a 12-month low of $43.43 and a 12-month high of $71.72. The company has a 50 day moving average price of $50.70 and a 200-day moving average price of $52.54. The firm has a market capitalization of $5.18 billion, a price-to-earnings ratio of 20.43, a PEG ratio of 2.57 and a beta of 2.15.

Etsy (NASDAQ:ETSY) last announced its earnings results on Wednesday, February 19th. The specialty retailer reported $1.03 EPS for the quarter, beating analysts’ consensus estimates of $0.95 by $0.08. The company had revenue of $852.16 million during the quarter, compared to the consensus estimate of $861.37 million. Etsy had a negative return on equity of 46.62% and a net margin of 10.80%. The firm’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.62 earnings per share. As a group, analysts forecast that Etsy, Inc. will post 2.57 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently commented on ETSY. JMP Securities reaffirmed a “market perform” rating on shares of Etsy in a research note on Monday, December 16th. Morgan Stanley decreased their price target on shares of Etsy from $45.00 to $44.00 and set an “underweight” rating on the stock in a report on Thursday, February 20th. Needham & Company LLC reissued a “buy” rating and set a $60.00 price objective on shares of Etsy in a research note on Thursday, February 20th. UBS Group decreased their target price on Etsy from $55.00 to $54.00 and set a “neutral” rating on the stock in a research note on Thursday, February 20th. Finally, Truist Financial dropped their price target on Etsy from $70.00 to $67.00 and set a “buy” rating for the company in a research report on Wednesday, January 29th. Four investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Etsy presently has a consensus rating of “Hold” and an average target price of $58.38.

Institutional Investors Weigh In On Etsy

Large investors have recently modified their holdings of the stock. Lindbrook Capital LLC lifted its holdings in Etsy by 55.7% in the fourth quarter. Lindbrook Capital LLC now owns 506 shares of the specialty retailer’s stock worth $27,000 after buying an additional 181 shares during the period. Larson Financial Group LLC boosted its position in shares of Etsy by 8.7% during the fourth quarter. Larson Financial Group LLC now owns 2,728 shares of the specialty retailer’s stock valued at $144,000 after purchasing an additional 218 shares in the last quarter. Heron Bay Capital Management grew its stake in Etsy by 1.3% in the fourth quarter. Heron Bay Capital Management now owns 20,260 shares of the specialty retailer’s stock worth $1,072,000 after purchasing an additional 258 shares during the period. Denver PWM LLC raised its holdings in Etsy by 36.1% in the fourth quarter. Denver PWM LLC now owns 1,090 shares of the specialty retailer’s stock worth $58,000 after purchasing an additional 289 shares in the last quarter. Finally, True Wealth Design LLC raised its holdings in Etsy by 112.7% in the fourth quarter. True Wealth Design LLC now owns 551 shares of the specialty retailer’s stock worth $29,000 after purchasing an additional 292 shares in the last quarter. Institutional investors own 99.53% of the company’s stock.

Etsy Company Profile

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, and France. 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.