Etsy, Inc. (NASDAQ:ETSY) Insider Nicholas Daniel Sells 1,500 Shares

Etsy, Inc. (NASDAQ:ETSY - Get Free Report) insider Nicholas Daniel sold 1,500 shares of the company's stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $48.24, for a total transaction of $72,360.00. Following the sale, the insider now owns 34,822 shares in the company, valued at $1,679,813.28. This represents a 4.13 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Nicholas Daniel also recently made the following trade(s):

• On Monday, March 3rd, Nicholas Daniel sold 1,500 shares of Etsy stock. The stock was sold at an average price of $50.48, for a total value of $75,720.00.
• On Monday, February 3rd, Nicholas Daniel sold 1,500 shares of Etsy stock. The shares were sold at an average price of $55.34, for a total transaction of $83,010.00.

Etsy Trading Down 8.2 %

Shares of NASDAQ ETSY traded down $3.99 during midday trading on Friday, reaching $44.42. The company had a trading volume of 7,964,597 shares, compared to its average volume of 3,762,340. The stock has a market cap of $4.76 billion, a P/E ratio of 18.74, a P/E/G ratio of 2.57 and a beta of 2.15. Etsy, Inc. has a 1 year low of $43.43 and a 1 year high of $71.72. The business's 50-day simple moving average is $50.45 and its 200 day simple moving average is $52.43.

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Etsy (NASDAQ:ETSY - Get Free Report) last issued its earnings results on Wednesday, February 19th. The specialty retailer reported $1.03 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.95 by $0.08. The company had revenue of $852.16 million during the quarter, compared to analyst estimates of $861.37 million. Etsy had a negative return on equity of 46.62% and a net margin of 10.80%. The firm's quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter last year, the business posted $0.62 EPS. Analysts predict that Etsy, Inc. will post 2.57 earnings per share for the current year.

Analyst Ratings Changes

ETSY has been the topic of a number of research analyst reports. Morgan Stanley cut 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. Stifel Nicolaus reduced their target price on shares of Etsy from $56.00 to $51.00 and set a "hold" rating on the stock in a research report on Thursday, February 20th. Jefferies Financial Group upgraded Etsy from an "underperform" rating to a "hold" rating and boosted their price target for the company from $45.00 to $55.00 in a report on Monday, January 13th. Canaccord Genuity Group reduced their price objective on Etsy from $105.00 to $76.00 and set a "buy" rating on the stock in a report on Thursday, February 20th. Finally, JPMorgan Chase & Co. assumed coverage on Etsy in a research report on Wednesday, March 19th. They set a "neutral" rating and a $50.00 target price for the company. Four analysts have rated the stock with a sell rating, fifteen have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $58.38.

Institutional Investors Weigh In On Etsy

Large investors have recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in Etsy by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 12,309,622 shares of the specialty retailer's stock valued at $651,056,000 after acquiring an additional 56,772 shares during the period. Renaissance Technologies LLC lifted its position in Etsy by 4.5% during the fourth quarter. Renaissance Technologies LLC now owns 5,421,641 shares of the specialty retailer's stock valued at $286,751,000 after purchasing an additional 235,550 shares during the period. Van ECK Associates Corp lifted its position in Etsy by 17.4% during the fourth quarter. Van ECK Associates Corp now owns 3,527,742 shares of the specialty retailer's stock valued at $186,583,000 after purchasing an additional 522,111 shares during the period. DAVENPORT & Co LLC boosted its holdings in Etsy by 12.1% in the fourth quarter. DAVENPORT & Co LLC now owns 1,748,008 shares of the specialty retailer's stock valued at $92,452,000 after purchasing an additional 188,386 shares during the last quarter. Finally, Assenagon Asset Management S.A. raised its stake in shares of Etsy by 132.9% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,490,399 shares of the specialty retailer's stock valued at $78,827,000 after buying an additional 850,520 shares during the last quarter. Hedge funds and other institutional investors own 99.53% of the company's stock.

About Etsy

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.