Kristina Salen Sells 63,161 Shares of Etsy Inc. (ETSY) Stock
Etsy Inc. (NASDAQ:ETSY) CFO Kristina Salen sold 63,161 shares of Etsy stock in a transaction on Friday, September 23rd. The shares were sold at an average price of $15.00, for a total transaction of $947,415.00. Following the completion of the sale, the chief financial officer now directly owns 64,903 shares of the company’s stock, valued at approximately $973,545. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Kristina Salen also recently made the following trade(s):
- On Wednesday, September 21st, Kristina Salen sold 156,839 shares of Etsy stock. The shares were sold at an average price of $15.00, for a total transaction of $2,352,585.00.
Etsy Inc. (NASDAQ:ETSY) opened at 14.43 on Friday. The firm’s market cap is $1.60 billion. Etsy Inc. has a 12 month low of $6.04 and a 12 month high of $15.70. The stock’s 50 day moving average is $14.05 and its 200-day moving average is $10.60.
Etsy (NASDAQ:ETSY) last issued its quarterly earnings data on Tuesday, August 2nd. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 company had revenue of $85.35 million for the quarter, compared to the consensus estimate of $80.55 million. During the same period in the prior year, the company earned ($0.07) EPS. The firm’s revenue was up 38.9% on a year-over-year basis. On average, analysts anticipate that Etsy Inc. will post ($0.06) earnings per share for the current fiscal year.
Several large investors have recently modified their holdings of ETSY. BlackRock Inc. increased its stake in shares of Etsy by 341.2% in the second quarter. BlackRock Inc. now owns 10,615 shares of the company’s stock valued at $102,000 after buying an additional 8,209 shares in the last quarter. TFS Capital LLC bought a new stake in shares of Etsy during the second quarter valued at about $102,000. Legal & General Group Plc increased its stake in shares of Etsy by 1,829.4% in the second quarter. Legal & General Group Plc now owns 11,017 shares of the company’s stock valued at $104,000 after buying an additional 10,446 shares in the last quarter. ProShare Advisors LLC bought a new stake in shares of Etsy during the second quarter valued at about $123,000. Finally, Pacad Investment Ltd. bought a new stake in shares of Etsy during the first quarter valued at about $131,000. 58.14% of the stock is owned by institutional investors.
Several equities research analysts recently issued reports on the stock. Maxim Group lifted their price objective on shares of Etsy from $12.00 to $15.00 and gave the company a “buy” rating in a research note on Wednesday, August 3rd. Wedbush reaffirmed a “neutral” rating and issued a $13.00 price objective (up previously from $10.00) on shares of Etsy in a research note on Wednesday, August 3rd. Vetr lowered shares of Etsy from a “strong-buy” rating to a “buy” rating and set a $12.44 price objective for the company. in a research note on Monday, August 1st. Loop Capital assumed coverage on shares of Etsy in a research note on Tuesday, September 13th. They issued a “hold” rating and a $14.00 price objective for the company. Finally, Morgan Stanley reduced their price objective on shares of Etsy from $11.50 to $9.00 and set an “equal weight” rating for the company in a research note on Wednesday, August 3rd. Ten research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target 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.
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