Etsy, Inc. (NASDAQ:ETSY) CMO Ryan M. Scott Sells 712 Shares - MarketBeat

Summary

Etsy, Inc. (NASDAQ:ETSY - Get Rating) CMO Ryan M. Scott sold 712 shares of the stock in a transaction dated Friday, July 22nd. The shares were sold at an average price of $100.00, for a total value of $71,200.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Etsy Stock Performance

Etsy, Inc. (NASDAQ:ETSY - Get Rating) CMO Ryan M. Scott sold 712 shares of the stock in a transaction dated Friday, July 22nd. The shares were sold at an average price of $100.00, for a total value of $71,200.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Etsy Stock Performance

Shares of ETSY traded down $0.64 during midday trading on Monday, hitting $96.47. 4,589,788 shares of the stock traded hands, compared to its average volume of 4,390,725. 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 $12.26 billion, a PE ratio of 32.05, a price-to-earnings-growth ratio of 2.04 and a beta of 1.74. The company has a debt-to-equity ratio of 3.52, a quick ratio of 2.68 and a current ratio of 2.68. The business's 50 day moving average price is $80.85 and its two-hundred day moving average price is $113.93.

Etsy (NASDAQ:ETSY - Get Rating) last announced its quarterly earnings results on Wednesday, May 4th. The specialty retailer reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $574.71 million. During the same quarter in the previous year, the company posted $1.00 earnings per share. The company's revenue for the quarter was up 5.2% compared to the same quarter last year. Equities research analysts predict that Etsy, Inc. will post 2.06 EPS for the current fiscal year.

Hedge Funds Weigh In On Etsy

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Several hedge funds and other institutional investors have recently modified their holdings of the company. CVA Family Office LLC bought a new stake in shares of Etsy during the fourth quarter valued at about $26,000. Rinkey Investments bought a new stake in shares of Etsy during the fourth quarter valued at about $26,000. American National Bank raised its stake in shares of Etsy by 71.3% during the first quarter. American National Bank now owns 209 shares of the specialty retailer's stock valued at $26,000 after purchasing an additional 87 shares in the last quarter. Allworth Financial LP raised its stake in shares of Etsy by 403.9% during the second quarter. Allworth Financial LP now owns 388 shares of the specialty retailer's stock valued at $28,000 after purchasing an additional 311 shares in the last quarter. Finally, Covestor Ltd bought a new stake in shares of Etsy during the fourth quarter valued at about $29,000. Institutional investors and hedge funds own 89.93% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently commented on ETSY. Deutsche Bank Aktiengesellschaft reduced their price target on Etsy from $100.00 to $90.00 in a report on Thursday. Stifel Nicolaus reduced their price target on Etsy from $130.00 to $125.00 in a report on Friday, July 15th. Needham & Company LLC downgraded Etsy from a "buy" rating to a "hold" rating in a report on Monday, June 27th. Piper Sandler began coverage on Etsy in a report on Friday. They issued a "neutral" rating and a $95.00 price target for the company. Finally, DA Davidson reduced their price target on Etsy from $185.00 to $146.00 in a report on Wednesday, July 20th. One analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $132.55.

Etsy Company Profile

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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Etsy, Inc. (NASDAQ:ETSY) CMO Ryan M. Scott Sells 712 Shares - MarketBeat
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