Bradley Minor Sells 3,095 Shares of Etsy (NASDAQ:ETSY) Stock

Etsy, Inc. (NASDAQ:ETSY) CMO Bradley Minor sold 3,095 shares of Etsy stock in a transaction on Thursday, November 6th. The shares were sold at an average price of $57.81, for a total transaction of $178,921.95. Following the completion of the sale, the chief marketing officer owned 7,373 shares of the company’s stock, valued at $426,233.13. This represents a 29.57% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Etsy Trading Up 4.3%

NASDAQ:ETSY opened at $59.24 on Friday. Etsy, Inc. has a 12 month low of $40.05 and a 12 month high of $76.51. The stock has a market capitalization of $5.85 billion, a price-to-earnings ratio of 47.78, a PEG ratio of 10.65 and a beta of 1.87. The firm has a fifty day simple moving average of $64.81 and a two-hundred day simple moving average of $58.41.

Etsy (NASDAQ:ETSY) last announced its quarterly earnings data on Wednesday, October 29th. The specialty retailer reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.06. The firm had revenue of $678.03 million for the quarter, compared to analyst estimates of $655.83 million. Etsy had a net margin of 5.78% and a negative return on equity of 31.10%. The business’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.45 earnings per share. Equities analysts predict that Etsy, Inc. will post 2.57 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Etsy

Several institutional investors have recently modified their holdings of the business. Cooper Financial Group raised its stake in shares of Etsy by 31.3% during the 1st quarter. Cooper Financial Group now owns 18,962 shares of the specialty retailer’s stock worth $895,000 after purchasing an additional 4,523 shares during the period. OVERSEA CHINESE BANKING Corp Ltd purchased a new stake in Etsy during the first quarter worth about $288,000. Focus Partners Advisor Solutions LLC purchased a new position in Etsy in the first quarter valued at about $922,000. Charles Schwab Investment Management Inc. boosted its stake in Etsy by 4.8% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,184,851 shares of the specialty retailer’s stock valued at $55,901,000 after acquiring an additional 53,831 shares during the last quarter. Finally, Jump Financial LLC grew its position in shares of Etsy by 20.8% during the 1st quarter. Jump Financial LLC now owns 118,053 shares of the specialty retailer’s stock valued at $5,570,000 after acquiring an additional 20,292 shares during the period. 99.53% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. JPMorgan Chase & Co. boosted their price objective on Etsy from $60.00 to $65.00 and gave the company a “neutral” rating in a report on Monday, October 13th. UBS Group lifted their price target on shares of Etsy from $67.00 to $75.00 and gave the company a “neutral” rating in a research report on Monday, October 20th. BTIG Research boosted their price target on shares of Etsy from $72.00 to $81.00 and gave the company a “buy” rating in a research note on Tuesday, September 30th. Evercore ISI lowered shares of Etsy from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 30th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $72.00 price objective on shares of Etsy in a report on Thursday, October 23rd. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, nineteen have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $64.24.

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.