Etsy, Inc. (NASDAQ:ETSY - Get Free Report) insider Nicholas Daniel sold 1,500 shares of the company's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $50.48, for a total value of $75,720.00. Following the sale, the insider now owns 20,698 shares of the company's stock, valued at approximately $1,044,835.04. This trade represents a 6.76 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.
Nicholas Daniel also recently made the following trade(s):
- 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 value of $83,010.00.
Etsy Price Performance
Shares of NASDAQ:ETSY traded down $0.15 during trading on Friday, hitting $46.80. The company had a trading volume of 3,500,579 shares, compared to its average volume of 3,543,928. The stock has a market cap of $5.01 billion, a price-to-earnings ratio of 19.75, a price-to-earnings-growth ratio of 2.57 and a beta of 2.00. Etsy, Inc. has a one year low of $45.85 and a one year high of $73.48. The company has a fifty day simple moving average of $53.17 and a two-hundred day simple moving average of $53.53.
Etsy (NASDAQ:ETSY - Get Free Report) last issued its quarterly 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. Etsy had a negative return on equity of 46.62% and a net margin of 10.80%. The firm had revenue of $852.16 million during the quarter, compared to analyst estimates of $861.37 million. During the same period last year, the company earned $0.62 EPS. Etsy's quarterly revenue was up 1.2% compared to the same quarter last year. On average, equities research analysts anticipate that Etsy, Inc. will post 2.57 earnings per share for the current year.
Institutional Investors Weigh In On Etsy
A number of institutional investors and hedge funds have recently bought and sold shares of ETSY. International Assets Investment Management LLC bought a new stake in Etsy during the 3rd quarter valued at $1,233,000. New York State Teachers Retirement System increased its holdings in shares of Etsy by 9.9% in the 3rd quarter. New York State Teachers Retirement System now owns 118,197 shares of the specialty retailer's stock valued at $6,563,000 after acquiring an additional 10,652 shares during the period. Harbor Capital Advisors Inc. increased its holdings in shares of Etsy by 134.9% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 48,226 shares of the specialty retailer's stock valued at $2,678,000 after acquiring an additional 27,694 shares during the period. Moloney Securities Asset Management LLC purchased a new position in shares of Etsy in the 3rd quarter valued at $1,134,000. Finally, United Advisor Group LLC purchased a new position in shares of Etsy in the 3rd quarter valued at $220,000. 99.53% of the stock is owned by institutional investors.
Analyst Ratings Changes
Several analysts have issued reports on ETSY shares. Stifel Nicolaus cut their price target on Etsy from $56.00 to $51.00 and set a "hold" rating for the company in a report on Thursday, February 20th. Cantor Fitzgerald cut their price target on Etsy from $46.00 to $43.00 and set a "neutral" rating for the company in a report on Thursday, February 20th. Needham & Company LLC reissued a "buy" rating and set a $60.00 price target on shares of Etsy in a report on Thursday, February 20th. UBS Group cut their price target on Etsy from $55.00 to $54.00 and set a "neutral" rating for the company in a report on Thursday, February 20th. Finally, Citigroup cut their price target on Etsy from $56.00 to $53.00 and set a "neutral" rating for the company in a report on Thursday, February 20th. Four equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $58.78.
View Our Latest Stock Report 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, 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.
See Also
Before you consider Etsy, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Etsy wasn't on the list.
While Etsy currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
