Etsy, Inc. (NASDAQ:ETSY) Insider Nicholas Daniel Sells 750 Shares

Etsy, Inc. (NASDAQ:ETSY) insider Nicholas Daniel sold 750 shares of Etsy stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $66.01, for a total value of $49,507.50. Following the sale, the insider now directly owns 19,682 shares of the company’s stock, valued at $1,299,208.82. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Nicholas Daniel also recently made the following trade(s):

• On Tuesday, February 27th, Nicholas Daniel sold 1,500 shares of Etsy stock. The stock was sold at an average price of $71.82, for a total value of $107,730.00.

Etsy Stock Down 0.0 %

NASDAQ ETSY opened at $65.15 on Thursday. Etsy, Inc. has a twelve month low of $58.20 and a twelve month high of $114.73. The company has a market cap of $7.72 billion, a price-to-earnings ratio of 29.08, a price-to-earnings-growth ratio of 4.51 and a beta of 2.01. The business’s fifty day moving average is $70.97 and its 200 day moving average is $71.14.

Etsy (NASDAQ:ETSY) last released its quarterly earnings data on Wednesday, February 21st. The specialty retailer reported $0.78 earnings per share for the quarter, meeting the consensus estimate of $0.78. Etsy had a negative return on equity of 70.75% and a net margin of 11.19%. The company had revenue of $842.32 million for the quarter, compared to the consensus estimate of $827.40 million. On average, research analysts anticipate that Etsy, Inc. will post 2.6 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have commented on the company. The Goldman Sachs Group lowered Etsy from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $84.00 to $80.00 in a research note on Wednesday, January 10th. Evercore ISI lowered their price objective on Etsy from $95.00 to $90.00 and set an “outperform” rating on the stock in a research note on Thursday, February 22nd. Guggenheim raised their price objective on Etsy from $75.00 to $95.00 and gave the stock a “buy” rating in a research note on Friday, December 15th. Wedbush lowered their price objective on Etsy from $85.00 to $80.00 and set a “neutral” rating on the stock in a research note on Thursday, February 22nd. Finally, Morgan Stanley lowered their price objective on Etsy from $66.00 to $64.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 22nd. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $88.88.

Institutional Investors Weigh In On Etsy

Several hedge funds have recently modified their holdings of the company. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Etsy by 23.0% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 309,333 shares of the specialty retailer’s stock worth $19,977,000 after buying an additional 57,785 shares during the period. Northern Trust Corp lifted its holdings in Etsy by 4.3% during the 3rd quarter. Northern Trust Corp now owns 1,194,153 shares of the specialty retailer’s stock worth $77,118,000 after buying an additional 48,934 shares during the period. DAVENPORT & Co LLC lifted its holdings in Etsy by 201.5% during the 3rd quarter. DAVENPORT & Co LLC now owns 579,791 shares of the specialty retailer’s stock worth $37,291,000 after buying an additional 387,467 shares during the period. CVA Family Office LLC acquired a new position in Etsy during the 4th quarter worth about $27,000. Finally, Alpine Global Management LLC acquired a new position in Etsy during the 3rd quarter worth about $1,808,000. Institutional investors and hedge funds own 99.53% of the company’s stock.

About Etsy

Etsy, Inc, together with its subsidiaries, operates two-sided online marketplaces that connect buyers and sellers in the United States, the United Kingdom, Germany, Canada, Australia, and France. 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.