Insider Selling: Etsy, Inc. (NASDAQ:ETSY) CFO Sells $357291.20 in Stock - Defense World

Category: Etsy News
Original source: Defense World
Read time: < 4 minutes
Sentiment bias: Positive
Sentiment Score: 0.99566
Published: Aug 19th, 2022
Insider Selling: Etsy, Inc. (NASDAQ:ETSY) CFO Sells $357291.20 in Stock - Defense World

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Rinkey Investments acquired a new position in shares of Etsy in the 4th quarter valued at $26,000.
American National Bank lifted its stake in shares of Etsy by 71.
Allworth Financial LP lifted its stake in shares of Etsy by 403.
Covestor Ltd acquired a new position in shares of Etsy in the 4th quarter valued at $29,000.
Finally, Institutional & Family Asset Management LLC lifted its stake in shares of Etsy by 125.

Insider Selling: Etsy, Inc. (NASDAQ:ETSY) CFO Sells $357291.20 in Stock - Defense World

Etsy, Inc. (NASDAQ:ETSY – Get Rating) CFO Rachel C. Glaser sold 3,040 shares of the stock in a transaction on Monday, August 15th. The shares were sold at an average price of $117.53, for a total transaction of $357,291.20. Following the transaction, the chief financial officer now owns 42,709 shares of the company’s stock, valued at approximately $5,019,588.77. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Etsy Trading Down 2.1 % NASDAQ ETSY opened at $114.45 on Friday. The company has a debt-to-equity ratio of 4.10, a quick ratio of 2.93 and a current ratio of 2.93. The company has a market capitalization of $14.49 billion, a price-to-earnings ratio of 40.30, a price-to-earnings-growth ratio of 5.61 and a beta of 1.88. The company’s 50-day simple moving average is $91.57 and its two-hundred day simple moving average is $107.69. Etsy, Inc. has a one year low of $67.01 and a one year high of $307.75. Get Etsy alerts: Etsy (NASDAQ:ETSY – Get Rating) last announced its quarterly earnings data on Wednesday, July 27th. The specialty retailer reported $0.51 EPS for the quarter, beating the consensus estimate of $0.31 by $0.20. Etsy had a net margin of 17.01% and a return on equity of 67.88%. The business had revenue of $585.20 million during the quarter, compared to analysts’ expectations of $556.85 million. During the same period in the previous year, the business posted $0.68 EPS. The business’s quarterly revenue was up 10.6% compared to the same quarter last year. Equities analysts forecast that Etsy, Inc. will post 2.19 EPS for the current fiscal year. Hedge Funds Weigh In On Etsy Analyst Upgrades and Downgrades Several large investors have recently made changes to their positions in ETSY. Rinkey Investments acquired a new position in shares of Etsy in the 4th quarter valued at $26,000. American National Bank lifted its stake in shares of Etsy by 71.3% in the 1st quarter. American National Bank now owns 209 shares of the specialty retailer’s stock valued at $26,000 after purchasing an additional 87 shares during the period. Allworth Financial LP lifted its stake in shares of Etsy by 403.9% in the 2nd quarter. Allworth Financial LP now owns 388 shares of the specialty retailer’s stock valued at $28,000 after purchasing an additional 311 shares during the period. Covestor Ltd acquired a new position in shares of Etsy in the 4th quarter valued at $29,000. Finally, Institutional & Family Asset Management LLC lifted its stake in shares of Etsy by 125.7% in the 1st quarter. Institutional & Family Asset Management LLC now owns 246 shares of the specialty retailer’s stock valued at $31,000 after purchasing an additional 137 shares during the period. 89.93% of the stock is currently owned by institutional investors and hedge funds. ETSY has been the subject of several analyst reports. BTIG Research raised their target price on shares of Etsy from $105.00 to $122.00 in a report on Thursday, July 28th. Guggenheim raised their target price on shares of Etsy from $101.00 to $105.00 in a report on Thursday, July 28th. Truist Financial raised their target price on shares of Etsy from $115.00 to $130.00 and gave the stock a “buy” rating in a report on Tuesday. Needham & Company LLC lowered shares of Etsy from a “buy” rating to a “hold” rating in a report on Monday, June 27th. Finally, Piper Sandler assumed coverage on shares of Etsy in a report on Wednesday, August 3rd. They set a “neutral” rating and a $95.00 price objective for the company. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $129.35. Etsy Company Profile (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. Featured Stories 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.
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