Etsy Inc (NASDAQ:ETSY) Director M Michele Burns sold 45,000 shares of the business’s stock in a transaction dated Friday, August 10th. The shares were sold at an average price of $44.48, for a total transaction of $2,001,600.00. Following the completion of the transaction, the director now owns 28,103 shares in the company, valued at $1,250,021.44. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

M Michele Burns also recently made the following trade(s):

  • On Wednesday, August 8th, M Michele Burns sold 5,000 shares of Etsy stock. The shares were sold at an average price of $43.85, for a total transaction of $219,250.00.

Shares of Etsy traded up $2.33, hitting $46.06, during trading hours on Friday, Marketbeat Ratings reports. The company had a trading volume of 3,922,551 shares, compared to its average volume of 2,859,390. The company has a debt-to-equity ratio of 0.90, a quick ratio of 6.62 and a current ratio of 5.87. Etsy Inc has a fifty-two week low of $15.27 and a fifty-two week high of $50.60. The firm has a market cap of $5.16 billion, a P/E ratio of 121.21, a P/E/G ratio of 6.84 and a beta of 0.12.

Etsy (NASDAQ:ETSY) last issued its quarterly earnings data on Monday, August 6th. The specialty retailer reported $0.03 EPS for the quarter, missing the consensus estimate of $0.04 by ($0.01). Etsy had a return on equity of 13.23% and a net margin of 17.52%. The company had revenue of $132.39 million during the quarter, compared to analyst estimates of $127.10 million. During the same quarter in the prior year, the company posted $0.10 earnings per share. The business’s revenue was up 30.2% compared to the same quarter last year. research analysts predict that Etsy Inc will post 0.42 EPS for the current fiscal year.

Hedge funds have recently modified their holdings of the company. PARK CIRCLE Co lifted its holdings in shares of Etsy by 100.0% in the 2nd quarter. PARK CIRCLE Co now owns 4,000 shares of the specialty retailer’s stock worth $169,000 after acquiring an additional 2,000 shares during the last quarter. Eqis Capital Management Inc. acquired a new position in shares of Etsy in the 2nd quarter worth approximately $201,000. Twin Tree Management LP acquired a new position in shares of Etsy in the 2nd quarter worth approximately $211,000. Point72 Asia Hong Kong Ltd acquired a new position in shares of Etsy in the 1st quarter worth approximately $148,000. Finally, NumerixS Investment Technologies Inc acquired a new position in shares of Etsy in the 2nd quarter worth approximately $228,000. Hedge funds and other institutional investors own 87.38% of the company’s stock.

ETSY has been the topic of several recent analyst reports. TheStreet upgraded shares of Etsy from a “c+” rating to a “b-” rating in a report on Monday, April 16th. DA Davidson boosted their target price on shares of Etsy to $51.00 and gave the company a “buy” rating in a report on Friday, June 15th. Zacks Investment Research upgraded shares of Etsy from a “hold” rating to a “buy” rating and set a $33.00 target price on the stock in a report on Tuesday, April 17th. Loop Capital set a $37.00 target price on shares of Etsy and gave the company a “buy” rating in a report on Wednesday, May 9th. Finally, Stifel Nicolaus boosted their target price on shares of Etsy from $24.00 to $30.00 and gave the company a “hold” rating in a report on Wednesday, May 9th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, five have given a buy rating and two have given a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $42.41.

Etsy Company Profile

Etsy, Inc operates Etsy.com, a commerce platform to make, sell, and buy goods online and offline primarily in the United States, United Kingdom, Canada, Australia, France, and Germany. It provides various seller services and tools that are designed to help entrepreneurs for starting, managing, and scaling their businesses.

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