Etsy Inc (NYSE:ETSY – Get Free Report) CFO Charles Baker sold 1,407 shares of the firm’s stock in a transaction that occurred on Tuesday, November 3rd. The shares were sold at an average price of $91.42, for a total transaction of $128,627.94. Following the completion of the transaction, the chief financial officer owned 15,958 shares of the company’s stock, valued at $1,458,880.36. This trade represents a 8.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Etsy Stock Performance
Etsy stock traded down $4.93 during midday trading on Thursday, reaching $91.31. 4,453,229 shares of the stock were exchanged, compared to its average volume of 3,279,666. The company’s fifty day moving average is $79.28 and its 200-day moving average is $68.67. The firm has a market cap of $7.87 billion, a PE ratio of 10.78, a PEG ratio of 1.91 and a beta of 1.76. Etsy Inc has a 52 week low of $44.00 and a 52 week high of $97.85.
Etsy (NYSE:ETSY – Get Free Report) last posted its earnings results on Wednesday, October 28th. The company reported $7.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $6.55. Etsy had a net margin of 34.36% and a negative return on equity of 43.65%. The business had revenue of $692.47 million for the quarter, compared to analysts’ expectations of $669.04 million. During the same period in the prior year, the company posted $0.63 EPS. The business’s revenue for the quarter was up 10.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Etsy Inc will post 4.31 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Several equities analysts recently commented on the company. Arete Research cut Etsy from a “buy” rating to a “neutral” rating and set a $81.00 target price for the company. in a research report on Thursday, September 24th. Cantor Fitzgerald lifted their price target on Etsy from $80.00 to $85.00 and gave the company a “neutral” rating in a research report on Friday, August 7th. Piper Sandler boosted their price objective on Etsy from $70.00 to $80.00 and gave the stock a “neutral” rating in a report on Friday, August 7th. Citigroup boosted their price objective on Etsy from $92.00 to $101.00 and gave the stock a “neutral” rating in a report on Thursday, October 29th. Finally, B. Riley Financial upped their price objective on shares of Etsy from $82.00 to $87.00 and gave the stock a “neutral” rating in a research report on Thursday, October 29th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, sixteen have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $94.07.
Get Our Latest Stock Report on Etsy
Institutional Investors Weigh In On Etsy
Large investors have recently added to or reduced their stakes in the company. Illinois Municipal Retirement Fund boosted its holdings in shares of Etsy by 0.7% in the 3rd quarter. Illinois Municipal Retirement Fund now owns 124,285 shares of the company’s stock worth $8,885,000 after purchasing an additional 859 shares in the last quarter. Lido Advisors LLC purchased a new position in shares of Etsy during the 3rd quarter valued at about $286,000. AlphaCore Capital LLC raised its holdings in shares of Etsy by 26.7% during the 3rd quarter. AlphaCore Capital LLC now owns 4,652 shares of the company’s stock valued at $333,000 after buying an additional 980 shares in the last quarter. Fulcrum Asset Management LLP bought a new stake in Etsy in the 3rd quarter worth approximately $98,000. Finally, Ethic Inc. bought a new stake in Etsy in the 3rd quarter worth approximately $270,000. Hedge funds and other institutional investors own 99.53% of the company’s stock.
Etsy Company Profile
Etsy, Inc operates an online marketplace that connects independent sellers with consumers seeking unique and creative goods. Its marketplace features products such as handmade items, personalized gifts, vintage merchandise, home décor, jewelry, clothing, craft supplies and other goods made, designed, selected or sourced by individual sellers and small businesses.
The company provides tools and services that support marketplace activity, including seller storefronts, search and discovery features, payment processing, advertising, shipping assistance and customer support.
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