Etsy (NYSE:ETSY) CAO Merilee Buckley Sells 5,076 Shares of Stock

Etsy Inc (NYSE:ETSY) CAO Merilee Buckley sold 5,076 shares of the firm’s stock in a transaction that occurred on Thursday, October 15th. The stock was sold at an average price of $90.00, for a total transaction of $456,840.00. Following the transaction, the chief accounting officer directly owned 5,076 shares in the company, valued at $456,840. This represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Merilee Buckley also recently made the following trade(s):

• On Monday, October 5th, Merilee Buckley sold 1,396 shares of Etsy stock. The shares were sold at an average price of $71.35, for a total transaction of $99,604.60.
• On Monday, August 17th, Merilee Buckley sold 405 shares of Etsy stock. The shares were sold at an average price of $79.50, for a total value of $32,197.50.

Etsy Stock Performance

Shares of ETSY stock traded down $0.04 during trading on Monday, hitting $85.10. The company had a trading volume of 2,760,825 shares, compared to its average volume of 3,254,668. The firm has a market capitalization of $8.08 billion, a P/E ratio of 47.54, a price-to-earnings-growth ratio of 2.13 and a beta of 1.86. Etsy Inc has a one year low of $44.00 and a one year high of $90.32. The stock’s 50-day moving average price is $77.01 and its 200 day moving average price is $72.12.

Etsy (NYSE:ETSY) last posted its quarterly earnings data on Wednesday, August 5th. The company reported ($0.49) EPS for the quarter, missing analysts’ consensus estimates of $0.75 by ($1.24). The company had revenue of $668.31 million for the quarter, compared to the consensus estimate of $646.10 million. Etsy had a negative return on equity of 34.18% and a net margin of 7.32%. Etsy’s revenue was down .7% on a year-over-year basis. During the same quarter last year, the business earned $0.25 EPS. On average, research analysts anticipate that Etsy Inc will post 3.94 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on ETSY. Bank of America upgraded Etsy from a “neutral” rating to a “buy” rating and raised their price target for the stock from $88.00 to $95.00 in a research report on Thursday, August 20th. Oppenheimer upgraded shares of Etsy from a “market perform” rating to an “outperform” rating and set a $90.00 price objective on the stock in a research note on Tuesday, September 15th. BTIG Research upgraded shares of Etsy from a “neutral” rating to a “buy” rating and set a $90.00 price objective on the stock in a research note on Friday, September 18th. Sanford C. Bernstein raised shares of Etsy from a “hold” rating to a “strong-buy” rating in a report on Friday, September 11th. Finally, Jefferies Financial Group raised their target price on shares of Etsy from $62.00 to $80.00 and gave the company a “hold” rating in a report on Tuesday, July 14th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, eighteen have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $86.21.

Hedge Funds Weigh In On Etsy

Hedge funds and other institutional investors have recently modified their holdings of the business. Counterpoint Mutual Funds LLC acquired a new stake in Etsy in the third quarter worth $9,650,000. NorthCrest Asset Manangement LLC increased its stake in Etsy by 9.3% in the third quarter. NorthCrest Asset Manangement LLC now owns 3,166 shares of the company’s stock valued at $238,000 after purchasing an additional 269 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Etsy by 18.9% during the third quarter. GAMMA Investing LLC now owns 4,518 shares of the company’s stock valued at $323,000 after purchasing an additional 718 shares during the period. Farther Finance Advisors LLC raised its holdings in shares of Etsy by 57.3% during the third quarter. Farther Finance Advisors LLC now owns 4,844 shares of the company’s stock valued at $346,000 after purchasing an additional 1,765 shares during the period. Finally, Sequoia Financial Advisors LLC boosted its position in shares of Etsy by 10.3% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 4,584 shares of the company’s stock worth $345,000 after purchasing an additional 429 shares in the last quarter. Institutional investors own 99.53% of the company’s stock.

About Etsy

Etsy, Inc operates an online marketplace that connects independent sellers with consumers seeking unique and creative goods. Its marketplace features products such as handmade items, personalized gifts, vintage merchandise, home décor, jewelry, clothing, craft supplies and other goods made, designed, selected or sourced by individual sellers and small businesses.

The company provides tools and services that support marketplace activity, including seller storefronts, search and discovery features, payment processing, advertising, shipping assistance and customer support.