Toni Thompson Nadal Sells 1,443 Shares of Etsy, Inc. (NASDAQ:ETSY) Stock

Etsy, Inc. (NASDAQ:ETSY) insider Toni Thompson Nadal sold 1,443 shares of the stock in a transaction that occurred on Thursday, October 3rd. The stock was sold at an average price of $51.11, for a total value of $73,751.73. Following the transaction, the insider now owns 592 shares in the company, valued at $30,257.12. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Etsy Trading Up 3.3 %

Shares of Etsy stock opened at $52.80 on Friday. The business’s fifty day simple moving average is $55.19 and its 200 day simple moving average is $60.57. Etsy, Inc. has a 12 month low of $50.54 and a 12 month high of $89.58. The firm has a market capitalization of $6.17 billion, a P/E ratio of 24.06, a price-to-earnings-growth ratio of 5.39 and a beta of 1.97.

Etsy (NASDAQ:ETSY) last issued its quarterly earnings results on Wednesday, July 31st. The specialty retailer reported $0.41 earnings per share for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.05). Etsy had a negative return on equity of 51.94% and a net margin of 10.36%. The company had revenue of $647.80 million during the quarter, compared to analysts’ expectations of $629.87 million. During the same period last year, the firm posted $0.83 earnings per share. Etsy’s quarterly revenue was up 3.0% compared to the same quarter last year. Analysts predict that Etsy, Inc. will post 2.38 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have weighed in on ETSY. Wolfe Research initiated coverage on shares of Etsy in a research note on Tuesday, July 16th. They issued a “peer perform” rating for the company. Oppenheimer downgraded Etsy from an “outperform” rating to a “market perform” rating in a research note on Thursday, August 1st. Wells Fargo & Company reduced their price objective on Etsy from $58.00 to $47.00 and set an “underweight” rating for the company in a research note on Thursday. Evercore ISI raised Etsy to a “strong-buy” rating in a research report on Thursday, August 1st. Finally, Piper Sandler reiterated a “neutral” rating and issued a $56.00 target price on shares of Etsy in a report on Friday, August 23rd. Four research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Etsy presently has a consensus rating of “Hold” and a consensus price target of $70.22.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Sunbelt Securities Inc. lifted its stake in Etsy by 3,900.0% in the first quarter. Sunbelt Securities Inc. now owns 440 shares of the specialty retailer’s stock valued at $30,000 after purchasing an additional 429 shares during the last quarter. Larson Financial Group LLC lifted its position in shares of Etsy by 1,576.5% during the 1st quarter. Larson Financial Group LLC now owns 570 shares of the specialty retailer’s stock valued at $39,000 after buying an additional 536 shares during the last quarter. 1620 Investment Advisors Inc. bought a new position in shares of Etsy during the 2nd quarter worth $42,000. Headlands Technologies LLC purchased a new stake in Etsy in the 1st quarter worth about $59,000. Finally, GAMMA Investing LLC raised its stake in Etsy by 47.7% in the 1st quarter. GAMMA Investing LLC now owns 988 shares of the specialty retailer’s stock valued at $68,000 after acquiring an additional 319 shares during the period. 99.53% of the stock is owned by institutional investors.

Etsy Company Profile

Etsy, Inc, together with its subsidiaries, operates two-sided online marketplaces that connect buyers and sellers in the United States, the United Kingdom, Germany, Canada, Australia, and France. Its primary marketplace is Etsy.com that connects artisans and entrepreneurs with various consumers. The company also offers Reverb, a musical instrument marketplace; Depop, a fashion resale marketplace; and Elo7, a Brazil-based marketplace for handmade and unique items.