Etsy Inc (NYSE:ETSY – Get Free Report) insider Josh Silverman sold 2,090 shares of the stock in a transaction that occurred on Thursday, October 1st. The stock was sold at an average price of $72.45, for a total value of $151,420.50. Following the completion of the transaction, the insider directly owned 262,617 shares in the company, valued at approximately $19,026,601.65. This trade represents a 0.79% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Josh Silverman also recently made the following trade(s):
- On Tuesday, September 1st, Josh Silverman sold 11,696 shares of Etsy stock. The shares were sold at an average price of $81.85, for a total value of $957,317.60.
- On Thursday, September 3rd, Josh Silverman sold 1,671 shares of Etsy stock. The shares were sold at an average price of $84.00, for a total transaction of $140,364.00.
- On Tuesday, August 4th, Josh Silverman sold 6,294 shares of Etsy stock. The stock was sold at an average price of $84.00, for a total transaction of $528,696.00.
- On Monday, August 3rd, Josh Silverman sold 41,108 shares of Etsy stock. The shares were sold at an average price of $83.11, for a total value of $3,416,485.88.
- On Friday, July 10th, Josh Silverman sold 39,161 shares of Etsy stock. The stock was sold at an average price of $79.00, for a total value of $3,093,719.00.
Etsy Price Performance
Shares of NYSE:ETSY opened at $71.58 on Thursday. The business’s 50-day moving average is $77.46 and its 200 day moving average is $70.58. Etsy Inc has a 1 year low of $44.00 and a 1 year high of $87.97. The firm has a market capitalization of $6.79 billion, a P/E ratio of 39.99, a P/E/G ratio of 1.78 and a beta of 1.86.
Etsy News Summary
Here are the key news stories impacting Etsy this week:
- Positive Sentiment: Etsy’s efforts to reduce freight-related emissions could improve its sustainability profile and potentially lower shipping-related costs over time. However, the financial impact is likely to be gradual. How Etsy is pushing freight decarbonization
- Neutral Sentiment: New guides and consumer content highlighting how to open an Etsy shop and discover unusual products may support seller engagement and marketplace activity, but these items do not represent material financial announcements. Beginner’s Guide to Opening an Etsy Shop
- Negative Sentiment: Zacks Research downgraded Etsy from “strong buy” to “hold.” The change may weigh on sentiment by signaling reduced confidence in the stock’s near-term upside, particularly after its recent pullback from its 12-month high. Etsy Stock Dropped to Hold by Zacks Research
- Negative Sentiment: Two Etsy insiders sold a combined 5,868 shares for approximately $418,500. The transactions were conducted under pre-arranged Rule 10b5-1 plans, which reduces their significance as a discretionary bearish signal, but the sales may still add modest pressure to investor sentiment. Etsy insider transaction filing
- Negative Sentiment: Chief Executive Officer Josh Silverman also recently sold 2,090 shares under a 10b5-1 plan. Although the sale reduced his position by less than 1%, it follows several earlier sales and may reinforce concerns about insider selling. Etsy insider Josh Silverman sells shares
Wall Street Analysts Forecast Growth
ETSY has been the topic of a number of recent research reports. Loop Capital set a $105.00 price objective on Etsy in a research note on Thursday, August 20th. UBS Group boosted their price target on shares of Etsy from $74.00 to $86.00 and gave the company a “neutral” rating in a research report on Friday, August 7th. Rosenblatt Securities began coverage on shares of Etsy in a report on Thursday, August 20th. They issued a “buy” rating and a $95.00 price objective for the company. Sanford C. Bernstein raised shares of Etsy from a “hold” rating to a “strong-buy” rating in a research note on Friday, September 11th. Finally, Morgan Stanley upgraded shares of Etsy from an “underweight” rating to an “outperform” rating in a report on Thursday, August 20th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, eighteen have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $86.21.
View Our Latest Report on ETSY
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of ETSY. Blue Trust Inc. grew its position in shares of Etsy by 19.3% during the 1st quarter. Blue Trust Inc. now owns 1,238 shares of the company’s stock worth $62,000 after buying an additional 200 shares during the period. Lmcg Investments LLC grew its holdings in shares of Etsy by 0.3% in the 1st quarter. Lmcg Investments LLC now owns 71,569 shares of the company’s stock valued at $3,577,000 after buying an additional 249 shares during the period. Modera Wealth Management LLC grew its holdings in shares of Etsy by 1.3% in the 1st quarter. Modera Wealth Management LLC now owns 23,889 shares of the company’s stock valued at $1,194,000 after buying an additional 302 shares during the period. Compound Planning Inc. raised its stake in Etsy by 8.6% during the 1st quarter. Compound Planning Inc. now owns 4,346 shares of the company’s stock worth $217,000 after buying an additional 346 shares during the period. Finally, Waddell & Associates LLC lifted its holdings in Etsy by 12.6% during the fourth quarter. Waddell & Associates LLC now owns 3,643 shares of the company’s stock worth $202,000 after acquiring an additional 408 shares in the last quarter. 99.53% of the stock is currently owned by institutional investors and hedge funds.
Etsy Company Profile
Etsy, Inc operates a global online marketplace focused on unique and creative goods. Its platform connects buyers with independent sellers offering handmade products, vintage items, craft supplies, personalized merchandise, home décor, jewelry, clothing, and other specialty goods.
The company generates revenue primarily through marketplace services, including seller listing and transaction fees, payment processing, advertising, and other seller-focused services. Etsy also provides tools intended to help independent merchants manage their shops, market products, process orders, and reach customers.
Founded in 2005 and headquartered in Brooklyn, New York, Etsy serves buyers and sellers in numerous countries.
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