Toni Thompson Nadal Sells 1,444 Shares of Etsy, Inc. (NASDAQ:ETSY) Stock

Etsy, Inc. (NASDAQ:ETSY) insider Toni Thompson Nadal sold 1,444 shares of Etsy stock in a transaction on Thursday, April 3rd. The stock was sold at an average price of $48.30, for a total value of $69,745.20. Following the transaction, the insider now owns 592 shares in the company, valued at approximately $28,593.60. This represents a 70.92 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Etsy Price Performance

NASDAQ:ETSY opened at $44.42 on Friday. Etsy, Inc. has a 12 month low of $43.43 and a 12 month high of $71.72. The firm has a market capitalization of $4.76 billion, a PE ratio of 18.74, a price-to-earnings-growth ratio of 2.57 and a beta of 2.15. The business’s fifty day moving average price is $50.45 and its 200 day moving average price is $52.44.

Etsy (NASDAQ:ETSY) last released its quarterly earnings data 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 business had revenue of $852.16 million for 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 business’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.62 EPS. As a group, equities analysts anticipate that Etsy, Inc. will post 2.57 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have commented on ETSY. Truist Financial reduced their target price on shares of Etsy from $70.00 to $67.00 and set a “buy” rating on the stock in a research note on Wednesday, January 29th. Jefferies Financial Group upgraded Etsy from an “underperform” rating to a “hold” rating and upped their price objective for the company from $45.00 to $55.00 in a report on Monday, January 13th. Cantor Fitzgerald cut their target price on Etsy from $46.00 to $43.00 and set a “neutral” rating for the company in a research note on Thursday, February 20th. Stifel Nicolaus decreased their price target on Etsy from $56.00 to $51.00 and set a “hold” rating on the stock in a research note on Thursday, February 20th. Finally, Canaccord Genuity Group lowered their price target on Etsy from $105.00 to $76.00 and set a “buy” rating for the company in a report on Thursday, February 20th. Four equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $58.38.

Institutional Trading of Etsy

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Lindbrook Capital LLC grew its position in shares of Etsy by 55.7% in the 4th quarter. Lindbrook Capital LLC now owns 506 shares of the specialty retailer’s stock valued at $27,000 after buying an additional 181 shares during the last quarter. True Wealth Design LLC boosted its stake in Etsy by 112.7% in the fourth quarter. True Wealth Design LLC now owns 551 shares of the specialty retailer’s stock valued at $29,000 after acquiring an additional 292 shares in the last quarter. Hurley Capital LLC purchased a new position in shares of Etsy during the fourth quarter worth about $32,000. Strategic Investment Solutions Inc. IL acquired a new stake in shares of Etsy during the fourth quarter worth about $34,000. Finally, Summit Securities Group LLC purchased a new stake in shares of Etsy in the 4th quarter valued at about $37,000. Institutional investors and hedge funds 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.