John Allspaw Sells 36,532 Shares of Etsy Inc. (ETSY) Stock
Etsy Inc. (NASDAQ:ETSY) insider John Allspaw sold 36,532 shares of Etsy stock in a transaction that occurred on Wednesday, September 21st. The shares were sold at an average price of $15.00, for a total value of $547,980.00. Following the completion of the sale, the insider now directly owns 39,928 shares in the company, valued at approximately $598,920. The sale was disclosed in a legal filing with the SEC, which is available at this link.
John Allspaw also recently made the following trade(s):
- On Tuesday, August 2nd, John Allspaw sold 63,468 shares of Etsy stock. The shares were sold at an average price of $12.50, for a total transaction of $793,350.00.
Etsy Inc. (NASDAQ:ETSY) opened at 14.70 on Wednesday. The firm’s market capitalization is $1.63 billion. Etsy Inc. has a one year low of $6.04 and a one year high of $15.70. The firm has a 50-day moving average price of $14.00 and a 200 day moving average price of $10.54.
Etsy (NASDAQ:ETSY) last posted its earnings results on Tuesday, August 2nd. The company reported ($0.06) EPS for the quarter, missing the consensus estimate of ($0.01) by $0.05. Etsy had a negative return on equity of 3.08% and a negative net margin of 5.37%. The firm earned $85.35 million during the quarter, compared to the consensus estimate of $80.55 million. During the same quarter last year, the company posted ($0.07) EPS. Etsy’s revenue for the quarter was up 38.9% on a year-over-year basis. Equities research analysts anticipate that Etsy Inc. will post ($0.01) earnings per share for the current year.
A number of hedge funds and other institutional investors have recently bought and sold shares of ETSY. JPMorgan Chase & Co. boosted its position in Etsy by 42.6% in the first quarter. JPMorgan Chase & Co. now owns 543,251 shares of the company’s stock valued at $4,726,000 after buying an additional 162,213 shares during the period. SG Americas Securities LLC purchased a new position in Etsy during the second quarter valued at approximately $1,024,000. Strs Ohio purchased a new position in Etsy during the second quarter valued at approximately $535,000. TD Asset Management Inc. boosted its position in Etsy by 9.9% in the second quarter. TD Asset Management Inc. now owns 18,800 shares of the company’s stock valued at $180,000 after buying an additional 1,700 shares during the period. Finally, Pacad Investment Ltd. purchased a new position in Etsy during the first quarter valued at approximately $131,000. Hedge funds and other institutional investors own 58.14% of the company’s stock.
A number of equities research analysts have recently issued reports on ETSY shares. Citigroup Inc. started coverage on shares of Etsy in a research report on Monday, August 1st. They set a “buy” rating and a $14.00 price target for the company. Goldman Sachs Group Inc. lifted their price target on shares of Etsy from $11.00 to $14.00 and gave the company a “neutral” rating in a research report on Wednesday, August 3rd. Zacks Investment Research downgraded shares of Etsy from a “buy” rating to a “hold” rating in a research report on Monday, August 22nd. Monness Crespi & Hardt upgraded shares of Etsy from a “neutral” rating to a “buy” rating and set a $17.00 price target for the company in a research report on Wednesday, September 21st. Finally, Morgan Stanley reiterated an “equal weight” rating and set a $13.50 price target (up from $11.50) on shares of Etsy in a research report on Monday, September 12th. Ten equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $14.09.
Etsy, Inc (Etsy) operates a marketplace to connect people around the both online and offline for making, selling and buying goods. The Company’s geographical segments include United States and International. The Company’s community includes Etsy sellers, Etsy buyers, wholesale partners, manufacturers and Etsy employees.
Receive News & Stock Ratings for Etsy Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Etsy Inc. and related stocks with our FREE daily email newsletter.