Summary
Etsy, Inc. (NASDAQ:ETSY - Get Rating) CFO Rachel C. Glaser sold 6,080 shares of the firm's stock in a transaction on Thursday, July 21st. The stock was sold at an average price of $95.00, for a total transaction of $577,600.00. Following the transaction, the chief financial officer now directly owns 42,709 shares of the company's stock, valued at approximately $4,057,355. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Etsy Trading Up 0.2 %
Etsy, Inc. (NASDAQ:ETSY - Get Rating) CFO Rachel C. Glaser sold 6,080 shares of the firm's stock in a transaction on Thursday, July 21st. The stock was sold at an average price of $95.00, for a total transaction of $577,600.00. Following the transaction, the chief financial officer now directly owns 42,709 shares of the company's stock, valued at approximately $4,057,355. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Etsy Trading Up 0.2 %
ETSY stock traded up $0.24 during trading on Friday, reaching $97.11. 6,949,556 shares of the stock were exchanged, compared to its average volume of 4,389,197. The company has a current ratio of 2.68, a quick ratio of 2.68 and a debt-to-equity ratio of 3.52. The business has a 50 day moving average price of $80.74 and a 200-day moving average price of $115.75. Etsy, Inc. has a 1 year low of $67.01 and a 1 year high of $307.75. The firm has a market capitalization of $12.34 billion, a price-to-earnings ratio of 32.26, a P/E/G ratio of 1.79 and a beta of 1.74.
Etsy (NASDAQ:ETSY - Get Rating) last issued its earnings results on Wednesday, May 4th. The specialty retailer reported $0.60 EPS for the quarter, topping analysts' consensus estimates of $0.59 by $0.01. Etsy had a net margin of 18.49% and a return on equity of 73.57%. The company had revenue of $579.30 million for the quarter, compared to the consensus estimate of $574.71 million. During the same period in the previous year, the firm earned $1.00 earnings per share. Etsy's quarterly revenue was up 5.2% compared to the same quarter last year. On average, research analysts predict that Etsy, Inc. will post 2.05 earnings per share for the current year.
Analyst Ratings Changes
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ETSY has been the topic of several analyst reports. Needham & Company LLC lowered shares of Etsy from a "buy" rating to a "hold" rating in a research report on Monday, June 27th. Oppenheimer dropped their price target on shares of Etsy from $140.00 to $120.00 and set an "outperform" rating on the stock in a research report on Thursday, June 16th. Truist Financial dropped their price target on shares of Etsy from $150.00 to $112.00 and set a "buy" rating on the stock in a research report on Wednesday. Wedbush dropped their price target on shares of Etsy from $185.00 to $124.00 in a research report on Thursday, May 5th. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on shares of Etsy from $100.00 to $90.00 in a research report on Thursday. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $132.55.
Hedge Funds Weigh In On Etsy
A number of institutional investors have recently bought and sold shares of the company. National Bank of Canada FI purchased a new stake in shares of Etsy in the 4th quarter valued at approximately $490,000. CVA Family Office LLC purchased a new stake in shares of Etsy in the 4th quarter valued at approximately $26,000. OLD National Bancorp IN purchased a new stake in shares of Etsy in the 4th quarter valued at approximately $205,000. Signaturefd LLC raised its stake in shares of Etsy by 13.6% in the 4th quarter. Signaturefd LLC now owns 653 shares of the specialty retailer's stock valued at $143,000 after acquiring an additional 78 shares during the period. Finally, Stanley Laman Group Ltd. grew its holdings in shares of Etsy by 5.4% in the fourth quarter. Stanley Laman Group Ltd. now owns 34,881 shares of the specialty retailer's stock valued at $7,637,000 after purchasing an additional 1,778 shares in the last quarter. 89.93% of the stock is owned by hedge funds and other institutional investors.
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.
Further Reading
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