Insider Selling: Etsy Inc (NASDAQ:ETSY) CTO Sells 5,208 Shares of Stock
Etsy Inc (NASDAQ:ETSY) CTO Michael T. Fisher sold 5,208 shares of the company’s stock in a transaction that occurred on Friday, July 5th. The stock was sold at an average price of $63.37, for a total value of $330,030.96. Following the completion of the sale, the chief technology officer now owns 22,580 shares in the company, valued at approximately $1,430,894.60. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
ETSY stock opened at $64.99 on Friday. Etsy Inc has a 1 year low of $38.02 and a 1 year high of $73.35. The company has a current ratio of 4.87, a quick ratio of 4.87 and a debt-to-equity ratio of 0.81. The company has a 50 day moving average of $64.42. The stock has a market cap of $7.92 billion, a price-to-earnings ratio of 106.54, a P/E/G ratio of 4.16 and a beta of 0.92.
Etsy (NASDAQ:ETSY) last posted its earnings results on Wednesday, May 8th. The specialty retailer reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.10. Etsy had a return on equity of 24.24% and a net margin of 14.74%. The firm had revenue of $169.33 million for the quarter, compared to analyst estimates of $170.72 million. During the same quarter in the prior year, the company earned $0.10 EPS. Etsy’s revenue was up 40.0% on a year-over-year basis. On average, analysts anticipate that Etsy Inc will post 0.79 EPS for the current year.
A number of equities research analysts recently weighed in on ETSY shares. BidaskClub cut Zynerba Pharmaceuticals from a “buy” rating to a “hold” rating in a report on Wednesday, June 26th. CIBC restated a “buy” rating and issued a $13.00 price target on shares of BlackBerry in a report on Friday, March 29th. BTIG Research reaffirmed a “hold” rating on shares of Etsy in a research note on Tuesday, March 19th. Oppenheimer initiated coverage on Etsy in a research note on Friday, March 29th. They issued a “market perform” rating on the stock. Finally, Canaccord Genuity upped their target price on Roots from C$5.00 to C$5.50 in a research note on Thursday, April 4th. Eight investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $70.25.
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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