Etsy Inc (NYSE:ETSY – Get Free Report) CAO Merilee Buckley sold 881 shares of the business’s stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $75.35, for a total value of $66,383.35. Following the completion of the sale, the chief accounting officer owned 405 shares of the company’s stock, valued at $30,516.75. The trade was a 68.51% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Etsy Stock Down 0.3%
Etsy stock opened at $77.32 on Thursday. The business has a fifty day moving average of $68.27 and a two-hundred day moving average of $59.91. The firm has a market cap of $7.34 billion, a P/E ratio of 32.22, a P/E/G ratio of 3.23 and a beta of 1.83. Etsy Inc has a twelve month low of $44.00 and a twelve month high of $80.41.
Key Stories Impacting Etsy
Here are the key news stories impacting Etsy this week:
- Positive Sentiment: Recent analysis suggests Etsy is seeing a buyer rebound, with active buyers returning to sequential growth and spending per buyer improving, which could support revenue and cash flow if the trend continues. Etsy (ETSY) Buyers Return To Growth, Is The Stock Now Too Pricey?
- Positive Sentiment: Another report says Etsy’s first sequential increase in active buyers in two years, along with stronger app-based sales and personalized search/AI features, may be improving the investment case. Is Etsy’s Buyer Rebound and App Engagement Shift Altering The Investment Case For Etsy (ETSY)?
- Positive Sentiment: Analysts say Etsy’s AI seller tools could reduce friction for merchants, improve inventory quality, and help accelerate marketplace growth. Etsy’s Seller Tools Could Unlock Faster Marketplace Growth
- Neutral Sentiment: One valuation piece argues Etsy may look attractive on cash flow, but not necessarily cheap on earnings, leaving investors split on whether the stock is undervalued after its recent rebound. Is Etsy (ETSY) Stock Cheap On Cash Flow Or Expensive On Earnings?
- Negative Sentiment: ETSY saw additional insider selling, including CAO Merilee Buckley and Director Frederick Wilson, which can weigh on sentiment even though the trades were made under pre-arranged 10b5-1 plans. Insider Selling: Etsy (NYSE:ETSY) Director Sells 20,000 Shares of Stock
- Negative Sentiment: A market article also notes Etsy and CarGurus were trading down, reinforcing the weaker tone in the stock today. Etsy and CarGurus stocks trade down, what you need to know
Institutional Investors Weigh In On Etsy
Analysts Set New Price Targets
A number of research firms have commented on ETSY. B. Riley Financial cut Etsy from a “buy” rating to a “neutral” rating and increased their price target for the company from $70.00 to $75.00 in a research note on Thursday, April 30th. Sanford C. Bernstein raised their price objective on Etsy from $60.00 to $65.00 and gave the stock a “market perform” rating in a research note on Thursday, April 30th. Morgan Stanley set a $64.00 target price on Etsy in a report on Wednesday, April 29th. Needham & Company LLC increased their price target on shares of Etsy from $65.00 to $85.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Finally, BTIG Research lifted their price objective on shares of Etsy from $65.00 to $78.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, nineteen have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $71.80.
View Our Latest Report on Etsy
About Etsy
Etsy, Inc operates two-sided online marketplaces that connect buyers and sellers primarily in the United States, the United Kingdom, Germany, Canada, Australia, France, and India. 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. In addition, it offers various seller services, including Etsy Payments, a payment processing service; Etsy Ads, an advertising platform; and Shipping Labels, which allows sellers in the United States, Canada, the United Kingdom, Australia, and India to purchase discounted shipping labels.
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