Etsy, Inc. (NASDAQ:ETSY) CEO Sells $1,806,861.00 in Stock - MarketBeat
Etsy, Inc. (NASDAQ:ETSY - Get Rating) CEO Josh Silverman sold 20,850 shares of the firm's stock in a transaction on Wednesday, July 6th. The stock was sold at an average price of $86.66, for a total value of $1,806,861.00. Following the completion of the transaction, the chief executive officer now owns 102,707 shares in the company, valued at $8,900,588.62. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
Josh Silverman also recently made the following trade(s):
On Wednesday, June 22nd, Josh Silverman sold 20,850 shares of Etsy stock. The shares were sold at an average price of $74.14, for a total value of $1,545,819.00.
On Wednesday, May 25th, Josh Silverman sold 20,850 shares of Etsy stock. The shares were sold at an average price of $72.45, for a total value of $1,510,582.50.
On Wednesday, May 11th, Josh Silverman sold 20,850 shares of Etsy stock. The shares were sold at an average price of $81.34, for a total value of $1,695,939.00.
On Wednesday, April 27th, Josh Silverman sold 20,850 shares of Etsy stock. The shares were sold at an average price of $98.18, for a total value of $2,047,053.00.
On Wednesday, April 13th, Josh Silverman sold 20,850 shares of Etsy stock. The shares were sold at an average price of $116.54, for a total value of $2,429,859.00.
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NASDAQ ETSY traded down $0.90 during trading hours on Friday, hitting $88.75. 2,904,911 shares of the company were exchanged, compared to its average volume of 4,406,278. The stock has a 50-day moving average price of $81.66 and a 200 day moving average price of $125.21. The company has a quick ratio of 2.68, a current ratio of 2.68 and a debt-to-equity ratio of 3.52. Etsy, Inc. has a 52 week low of $67.01 and a 52 week high of $307.75. The stock has a market cap of $11.28 billion, a PE ratio of 29.78, a price-to-earnings-growth ratio of 1.69 and a beta of 1.74.
Etsy (NASDAQ:ETSY - Get Rating) last issued its quarterly earnings data on Wednesday, May 4th. The specialty retailer reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.01. Etsy had a return on equity of 73.57% and a net margin of 18.49%. The company had revenue of $579.30 million for the quarter, compared to analysts' expectations of $574.71 million. During the same period in the previous year, the firm posted $1.00 earnings per share. The firm's revenue for the quarter was up 5.2% on a year-over-year basis. As a group, sell-side analysts anticipate that Etsy, Inc. will post 2.01 earnings per share for the current year.
ETSY has been the topic of several analyst reports. Evercore ISI lowered their target price on Etsy from $130.00 to $95.00 and set an "outperform" rating on the stock in a research report on Friday, July 1st. Truist Financial lowered their price objective on Etsy from $220.00 to $150.00 in a research report on Monday, May 9th. Needham & Company LLC downgraded Etsy from a "buy" rating to a "hold" rating in a research report on Monday, June 27th. Loop Capital lowered their price objective on Etsy from $140.00 to $115.00 in a research report on Thursday, April 21st. Finally, Wedbush lowered their price objective on Etsy from $185.00 to $124.00 in a research report on Thursday, May 5th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $139.37.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Advisors Asset Management Inc. increased its stake in Etsy by 0.3% during the fourth quarter. Advisors Asset Management Inc. now owns 20,505 shares of the specialty retailer's stock worth $4,489,000 after acquiring an additional 71 shares during the last quarter. Signaturefd LLC increased its stake in Etsy by 13.6% during the fourth quarter. Signaturefd LLC now owns 653 shares of the specialty retailer's stock worth $143,000 after acquiring an additional 78 shares during the last quarter. American National Bank increased its stake in Etsy by 71.3% during the first quarter. American National Bank now owns 209 shares of the specialty retailer's stock worth $26,000 after acquiring an additional 87 shares during the last quarter. Quadrant Capital Group LLC grew its stake in shares of Etsy by 18.1% during the fourth quarter. Quadrant Capital Group LLC now owns 588 shares of the specialty retailer's stock valued at $129,000 after buying an additional 90 shares during the last quarter. Finally, Duncker Streett & Co. Inc. grew its stake in shares of Etsy by 4.5% during the fourth quarter. Duncker Streett & Co. Inc. now owns 2,214 shares of the specialty retailer's stock valued at $485,000 after buying an additional 95 shares during the last quarter. 89.93% of the stock is currently owned by institutional investors.
About Etsy (Get Rating)
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.
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