Ryan M. Scott Sells 238 Shares of Etsy, Inc. (NASDAQ:ETSY) Stock - MarketBeat

Summary

Etsy, Inc. (NASDAQ:ETSY - Get Rating) CMO Ryan M. Scott sold 238 shares of Etsy stock in a transaction dated Wednesday, July 6th. The stock was sold at an average price of $86.85, for a total value of $20,670.30. Following the sale, the chief marketing officer now owns 712 shares of the company's stock, valued at approximately $61,837.20. The transaction was disclosed in a document filed with the SEC, which is available at this link.

ETSY traded down $2.30 during trading on Wednesday, reaching $85.94. 4,279,057 shares of the company were exchanged, compared to its average volume of 4,421,000. The stock has a market cap of $10.92 billion, a P/E ratio of 28.56, a PEG ratio of 1.57 and a beta of 1.74. The firm has a 50 day moving average of $82.14 and a 200 day moving average of $126.39. The company has a current ratio of 2.68, a quick 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.

Etsy, Inc. (NASDAQ:ETSY - Get Rating) CMO Ryan M. Scott sold 238 shares of Etsy stock in a transaction dated Wednesday, July 6th. The stock was sold at an average price of $86.85, for a total value of $20,670.30. Following the sale, the chief marketing officer now owns 712 shares of the company's stock, valued at approximately $61,837.20. The transaction was disclosed in a document filed with the SEC, which is available at this link.

ETSY traded down $2.30 during trading on Wednesday, reaching $85.94. 4,279,057 shares of the company were exchanged, compared to its average volume of 4,421,000. The stock has a market cap of $10.92 billion, a P/E ratio of 28.56, a PEG ratio of 1.57 and a beta of 1.74. The firm has a 50 day moving average of $82.14 and a 200 day moving average of $126.39. The company has a current ratio of 2.68, a quick 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.

Etsy (NASDAQ:ETSY - Get Rating) last issued its quarterly earnings data on Wednesday, May 4th. The specialty retailer reported $0.60 EPS for the quarter, topping analysts' consensus estimates of $0.59 by $0.01. The firm had revenue of $579.30 million during the quarter, compared to the consensus estimate of $574.71 million. Etsy had a return on equity of 73.57% and a net margin of 18.49%. The firm's revenue was up 5.2% on a year-over-year basis. During the same period in the prior year, the business earned $1.00 EPS. As a group, analysts forecast that Etsy, Inc. will post 2.01 earnings per share for the current fiscal year.

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A number of institutional investors and hedge funds have recently modified their holdings of ETSY. Norges Bank bought a new position in shares of Etsy in the fourth quarter worth $223,388,000. Clearbridge Investments LLC grew its stake in shares of Etsy by 69.7% in the first quarter. Clearbridge Investments LLC now owns 2,314,633 shares of the specialty retailer's stock worth $287,663,000 after purchasing an additional 950,415 shares in the last quarter. Capital International Investors grew its stake in shares of Etsy by 56.1% in the first quarter. Capital International Investors now owns 2,137,886 shares of the specialty retailer's stock worth $265,696,000 after purchasing an additional 768,350 shares in the last quarter. NN Investment Partners Holdings N.V. grew its stake in shares of Etsy by 297.7% in the first quarter. NN Investment Partners Holdings N.V. now owns 819,082 shares of the specialty retailer's stock worth $101,796,000 after purchasing an additional 613,122 shares in the last quarter. Finally, SG Americas Securities LLC grew its stake in shares of Etsy by 101.2% in the first quarter. SG Americas Securities LLC now owns 7,110 shares of the specialty retailer's stock worth $884,000 after purchasing an additional 606,822 shares in the last quarter. Hedge funds and other institutional investors own 89.93% of the company's stock.

Several analysts have commented on ETSY shares. Guggenheim lowered their price target on Etsy from $175.00 to $101.00 and set a "buy" rating for the company in a report on Tuesday, June 28th. Needham & Company LLC lowered Etsy from a "buy" rating to a "hold" rating in a research note on Monday, June 27th. Wedbush reduced their price objective on Etsy from $185.00 to $124.00 in a research note on Thursday, May 5th. BTIG Research reduced their price target on Etsy from $140.00 to $105.00 and set a "buy" rating on the stock in a research report on Tuesday, June 21st. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on Etsy from $120.00 to $100.00 in a research report on Friday, May 6th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have issued a buy rating to the company's stock. According to MarketBeat.com, Etsy presently has an average rating of "Moderate Buy" and a consensus target price of $139.37.

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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Ryan M. Scott Sells 238 Shares of Etsy, Inc. (NASDAQ:ETSY) Stock - MarketBeat
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