Etsy Inc. (NASDAQ:ETSY) CEO Chad Dickerson sold 105,289 shares of the business’s stock in a transaction dated Monday, October 10th. The stock was sold at an average price of $16.00, for a total value of $1,684,624.00. Following the completion of the sale, the chief executive officer now directly owns 857,645 shares of the company’s stock, valued at approximately $13,722,320. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Shares of Etsy Inc. (NASDAQ:ETSY) opened at 15.27 on Wednesday. The company’s market capitalization is $1.69 billion. The stock has a 50 day moving average price of $14.26 and a 200 day moving average price of $10.96. Etsy Inc. has a 1-year low of $6.04 and a 1-year high of $16.05.

Etsy (NASDAQ:ETSY) last issued its earnings results 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 net margin of 5.37% and a negative return on equity of 3.08%. The firm earned $85.35 million during the quarter, compared to analyst estimates of $80.55 million. During the same quarter last year, the business posted ($0.07) earnings per share. The company’s revenue for the quarter was up 38.9% on a year-over-year basis. Analysts forecast that Etsy Inc. will post ($0.06) earnings per share for the current year.

Insider Buying and Selling by Quarter for Etsy (NASDAQ:ETSY)

A number of large investors have recently modified their holdings of the stock. BNP Paribas Arbitrage SA increased its stake in shares of Etsy by 107.6% in the third quarter. BNP Paribas Arbitrage SA now owns 8,598 shares of the company’s stock valued at $123,000 after buying an additional 4,456 shares during the period. Schwab Charles Investment Management Inc. increased its stake in shares of Etsy by 216.0% in the second quarter. Schwab Charles Investment Management Inc. now owns 185,806 shares of the company’s stock valued at $1,782,000 after buying an additional 126,998 shares during the period. Amalgamated Bank purchased a new stake in shares of Etsy during the second quarter valued at about $161,000. American Century Companies Inc. purchased a new stake in shares of Etsy during the second quarter valued at about $166,000. Finally, 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 during the period. Institutional investors and hedge funds own 58.14% of the company’s stock.

ETSY has been the subject of a number of analyst reports. Citigroup Inc. initiated coverage on Etsy in a research report on Monday, August 1st. They issued a “buy” rating and a $14.00 price target for the company. Vetr cut Etsy from a “strong-buy” rating to a “buy” rating and set a $12.44 price target for the company. in a research report on Monday, August 1st. Wedbush reaffirmed a “neutral” rating and issued a $13.00 price target (up previously from $10.00) on shares of Etsy in a research report on Wednesday, August 3rd. Goldman Sachs Group Inc. boosted their price objective on Etsy from $11.00 to $14.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 3rd. Finally, Morgan Stanley cut their price objective on Etsy from $11.50 to $9.00 and set an “equal weight” rating for the company in a research report on Wednesday, August 3rd. Ten equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $14.59.

Etsy Company Profile

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.

5 Day Chart for NASDAQ:ETSY

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