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

Etsy, Inc. (NASDAQ:ETSY - Get Free Report) insider Toni Thompson Nadal sold 1,444 shares of the firm's stock in a transaction that occurred on Thursday, April 3rd. The shares were sold at an average price of $48.30, for a total value of $69,745.20. Following the completion of the sale, the insider now directly owns 592 shares in the company, valued at approximately $28,593.60. The trade was a 70.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.

Etsy Trading Down 8.2 %

Shares of ETSY traded down $3.99 during mid-day trading on Friday, hitting $44.42. The company's stock had a trading volume of 7,964,597 shares, compared to its average volume of 3,762,340. The firm has a 50-day simple moving average of $50.45 and a 200 day simple moving average of $52.43. Etsy, Inc. has a 1-year low of $43.43 and a 1-year high of $71.72. The firm has a market capitalization 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 (NASDAQ:ETSY - Get Free Report) last released its quarterly earnings data on Wednesday, February 19th. The specialty retailer reported $1.03 EPS for the quarter, topping analysts' consensus estimates of $0.95 by $0.08. The firm had revenue of $852.16 million for the quarter, compared to the consensus estimate of $861.37 million. Etsy had a net margin of 10.80% and a negative return on equity of 46.62%. The firm's revenue was up 1.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.62 earnings per share. As a group, sell-side analysts predict that Etsy, Inc. will post 2.57 EPS for the current fiscal year.

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Wall Street Analyst Weigh In

Several research firms have issued reports on ETSY. Wells Fargo & Company decreased their price objective on shares of Etsy from $47.00 to $46.00 and set an "underweight" rating on the stock in a report on Wednesday. Cantor Fitzgerald decreased their price target on shares of Etsy from $46.00 to $43.00 and set a "neutral" rating on the stock in a research note on Thursday, February 20th. Deutsche Bank Aktiengesellschaft lowered Etsy to a "hold" rating and cut their price objective for the stock from $45.00 to $43.00 in a research note on Wednesday, February 12th. Loop Capital decreased their price objective on Etsy from $45.00 to $40.00 and set a "sell" rating on the stock in a report on Thursday, February 20th. Finally, Jefferies Financial Group raised shares of 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 research note on Monday, January 13th. Four investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $58.38.

Hedge Funds Weigh In On Etsy

Several hedge funds have recently added to or reduced their stakes in the business. Lindbrook Capital LLC increased its position in Etsy by 55.7% during the 4th quarter. Lindbrook Capital LLC now owns 506 shares of the specialty retailer's stock worth $27,000 after purchasing an additional 181 shares in the last quarter. True Wealth Design LLC boosted its stake in shares of 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 purchasing an additional 292 shares during the period. Hurley Capital LLC acquired a new stake in Etsy during the 4th quarter valued at approximately $32,000. Strategic Investment Solutions Inc. IL purchased a new stake in Etsy during the 4th quarter worth approximately $34,000. Finally, Summit Securities Group LLC acquired a new position in shares of Etsy in the 4th quarter valued at approximately $37,000. 99.53% of the stock is currently owned by hedge funds and other institutional investors.

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.