Etsy Inc (NYSE:ETSY – Get Free Report) Director Marla Blow sold 300 shares of Etsy stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $58.25, for a total transaction of $17,475.00. Following the sale, the director owned 8,591 shares of the company’s stock, valued at approximately $500,425.75. The trade was a 3.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Etsy Stock Performance
ETSY stock opened at $60.73 on Friday. The firm’s 50 day moving average is $57.01. Etsy Inc has a 12-month low of $44.00 and a 12-month high of $76.51. The firm has a market cap of $5.76 billion, a P/E ratio of 25.31, a price-to-earnings-growth ratio of 5.43 and a beta of 1.89.
Etsy (NYSE:ETSY – Get Free Report) last posted its quarterly earnings results on Thursday, February 19th. The company reported $0.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.88 by $0.04. Etsy had a net margin of 9.94% and a negative return on equity of 28.60%. The company had revenue of $881.64 million during the quarter. As a group, equities research analysts expect that Etsy Inc will post 3.74 earnings per share for the current year.
Institutional Inflows and Outflows
Wall Street Analyst Weigh In
A number of research analysts have recently weighed in on ETSY shares. JPMorgan Chase & Co. raised their price objective on shares of Etsy from $58.00 to $75.00 and gave the stock a “neutral” rating in a research note on Thursday, April 30th. Jefferies Financial Group cut shares of Etsy from a “hold” rating to a “hold” rating in a research note on Thursday. Raymond James Financial cut shares of Etsy from an “outperform” rating to an “outperform” rating in a research note on Thursday. Wall Street Zen cut shares of Etsy from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Finally, Needham & Company LLC raised their price objective on shares of Etsy from $65.00 to $85.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, twenty have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $70.75.
Read Our Latest Research Report on Etsy
Key Stories Impacting Etsy
Here are the key news stories impacting Etsy this week:
- Positive Sentiment: Argus upgraded Etsy from hold to buy and set a $67 price target, implying more upside from recent levels. The move suggests growing confidence in Etsy’s valuation and business outlook. Argus upgrades Etsy to buy, sets $67 target
- Positive Sentiment: Arete Research also upgraded Etsy (ETSY) from hold to strong-buy with a $76 price target, signaling a notably more optimistic view of the stock’s potential. Arete Research upgrades Etsy to strong-buy
- Positive Sentiment: Several other recent analyst actions have been constructive, including higher price targets from firms such as Barclays and Canaccord, reinforcing the view that Wall Street sees room for further recovery in Etsy shares. Analyst coverage on Etsy
- Neutral Sentiment: Etsy will participate in Bernstein’s 42nd Annual Strategic Decisions Conference on May 27, which may keep investor attention on management commentary but is not itself a fundamental catalyst yet. Etsy to participate in upcoming investor conference
- Neutral Sentiment: A recent article noted that Etsy’s share price has rebounded over the past week and year-to-date, reflecting improved sentiment, though the stock still has a volatile longer-term track record. Time to reassess Etsy after recent share price rebound
- Negative Sentiment: Broader market pressure from persistent inflation and rising bond yields weighed on Etsy and other growth-oriented stocks, creating a headwind for the shares. Etsy, Coupang, and Upwork stocks trade down
- Negative Sentiment: Bank of America trimmed its price target on Etsy from $77 to $72, which may signal slightly less confidence in the near-term upside. BofA lowers Etsy price target
- Negative Sentiment: Director Marla Blow sold 300 shares in a pre-arranged transaction, which is usually a minor signal but can still add to short-term caution. Director Marla Blow sells 300 shares
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.
Featured Stories
- Five stocks we like better than Etsy
- Meta Platforms 10% Layoff Raises a Bigger Question About AI Spending
- As Small-Cap Outperformance Continues, These 2 ETFs Provide Exposure
- Silicon Shake-Up: The AI Trade Is Moving Beyond NVIDIA
- The Silver Lining of Last Week’s Hims & Hers Earnings Miss
Receive News & Ratings for Etsy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Etsy and related companies with MarketBeat.com's FREE daily email newsletter.
