Insider Selling: Etsy, Inc. (NASDAQ:ETSY) CMO Sells 6146 Shares of Stock - MarketBeat

Category: Etsy News
Original source: MarketBeat
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Sentiment Score: -0.97206
Published: Oct 5th, 2022
Insider Selling: Etsy, Inc. (NASDAQ:ETSY) CMO Sells 6146 Shares of Stock - MarketBeat

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Scott sold 712 shares of Etsy stock.
Morgan Stanley decreased their price objective on shares of Etsy from $113.
00 price objective on shares of Etsy in a report on Tuesday.
com downgraded shares of Etsy from a "hold" rating to a "sell" rating in a research note on Thursday, September 15th.
Stifel Nicolaus reduced their target price on shares of Etsy from $130.
Finally, Bank of America began coverage on shares of Etsy in a research note on Tuesday, September 20th.
Institutional Investors Weigh In On Etsy Several hedge funds have recently bought and sold shares of ETSY.

Insider Selling: Etsy, Inc. (NASDAQ:ETSY) CMO Sells 6146 Shares of Stock - MarketBeat

Etsy, Inc. (NASDAQ:ETSY - Get Rating) CMO Ryan M. Scott sold 6,146 shares of the firm's stock in a transaction dated Monday, October 3rd. The stock was sold at an average price of $104.00, for a total transaction of $639,184.00. Following the sale, the chief marketing officer now owns 4,170 shares of the company's stock, valued at approximately $433,680. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Ryan M. Scott also recently made the following trade(s): On Friday, July 22nd, Ryan M. Scott sold 712 shares of Etsy stock. The stock was sold at an average price of $100.00, for a total transaction of $71,200.00. Etsy Price Performance Etsy stock traded up $5.21 during mid-day trading on Tuesday, hitting $110.20. 3,061,707 shares of the company traded hands, compared to its average volume of 4,042,940. Etsy, Inc. has a one year low of $67.01 and a one year high of $307.75. The stock has a market cap of $13.95 billion, a price-to-earnings ratio of 38.80, a price-to-earnings-growth ratio of 5.28 and a beta of 1.80. 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 stock has a fifty day moving average price of $107.09 and a 200-day moving average price of $99.36. Etsy (NASDAQ:ETSY - Get Rating) last announced its earnings results on Wednesday, July 27th. The specialty retailer reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.13. 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 analyst estimates of $556.85 million. During the same period in the previous year, the business posted $0.68 earnings per share. Etsy's revenue for the quarter was up 10.6% on a year-over-year basis. On average, equities analysts predict that Etsy, Inc. will post 2.35 earnings per share for the current fiscal year. Analyst Ratings Changes A number of research firms recently issued reports on ETSY. Morgan Stanley decreased their price objective on shares of Etsy from $113.00 to $83.00 and set an "equal weight" rating for the company in a report on Thursday, July 28th. Guggenheim restated a "buy" rating and set a $105.00 price objective on shares of Etsy in a report on Tuesday. StockNews.com downgraded shares of Etsy from a "hold" rating to a "sell" rating in a research note on Thursday, September 15th. Stifel Nicolaus reduced their target price on shares of Etsy from $130.00 to $125.00 in a research note on Friday, July 15th. Finally, Bank of America began coverage on shares of Etsy in a research note on Tuesday, September 20th. They issued a "neutral" rating and a $120.00 target price for the company. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $128.90. Institutional Investors Weigh In On Etsy Several hedge funds have recently bought and sold shares of ETSY. Eaton Vance Management lifted its position in Etsy by 145.2% during the fourth quarter. Eaton Vance Management now owns 11,863 shares of the specialty retailer's stock valued at $2,390,000 after purchasing an additional 7,024 shares during the last quarter. Cubist Systematic Strategies LLC raised its stake in shares of Etsy by 585.1% during the fourth quarter. Cubist Systematic Strategies LLC now owns 18,122 shares of the specialty retailer's stock worth $3,968,000 after acquiring an additional 15,477 shares in the last quarter. Cinctive Capital Management LP purchased a new position in shares of Etsy during the fourth quarter worth approximately $841,000. CIBC World Markets Inc. raised its stake in shares of Etsy by 20.9% during the fourth quarter. CIBC World Markets Inc. now owns 114,006 shares of the specialty retailer's stock worth $24,960,000 after acquiring an additional 19,687 shares in the last quarter. Finally, Marshall Wace LLP raised its stake in shares of Etsy by 152.1% during the fourth quarter. Marshall Wace LLP now owns 221,249 shares of the specialty retailer's stock worth $48,441,000 after acquiring an additional 133,502 shares in the last quarter. 98.68% of the stock is currently owned by institutional investors. 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. Recommended Stories This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com. Before you consider Etsy, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Etsy wasn't on the list. While Etsy currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys. View The Five Stocks Here
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