Schaper Benz & Wise Investment Counsel Inc. WI Purchases 508 Shares of Etsy, Inc. (NASDAQ:ETSY)

Schaper Benz & Wise Investment Counsel Inc. WI lifted its position in shares of Etsy, Inc. (NASDAQ:ETSY) by 1.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 43,142 shares of the specialty retailer’s stock after purchasing an additional 508 shares during the period. Schaper Benz & Wise Investment Counsel Inc. WI’s holdings in Etsy were worth $2,396,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in ETSY. Sunbelt Securities Inc. lifted its position in shares of Etsy by 3,900.0% during the 1st quarter. Sunbelt Securities Inc. now owns 440 shares of the specialty retailer’s stock worth $30,000 after buying an additional 429 shares in the last quarter. Blue Trust Inc. lifted its holdings in Etsy by 106.5% during the third quarter. Blue Trust Inc. now owns 448 shares of the specialty retailer’s stock worth $26,000 after acquiring an additional 231 shares during the period. UMB Bank n.a. increased its position in shares of Etsy by 112.3% during the 3rd quarter. UMB Bank n.a. now owns 552 shares of the specialty retailer’s stock valued at $31,000 after purchasing an additional 292 shares during the last quarter. Larson Financial Group LLC raised its stake 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 worth $39,000 after purchasing an additional 536 shares during the period. Finally, 1620 Investment Advisors Inc. purchased a new position in shares of Etsy in the 2nd quarter worth about $42,000. 99.53% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. Stifel Nicolaus decreased their price objective on shares of Etsy from $65.00 to $64.00 and set a “hold” rating for the company in a report on Thursday, August 1st. Evercore ISI upgraded shares of Etsy to a “strong-buy” rating in a research note on Thursday, August 1st. Wedbush reiterated a “neutral” rating and issued a $65.00 price objective on shares of Etsy in a research note on Monday, July 22nd. Truist Financial reissued a “buy” rating and set a $76.00 price objective on shares of Etsy in a report on Tuesday, September 24th. Finally, Piper Sandler restated a “neutral” rating and issued a $56.00 target price on shares of Etsy in a research note on Friday, August 23rd. Four investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $69.36.

Etsy Stock Up 1.6 %

Shares of NASDAQ ETSY opened at $51.56 on Friday. The stock’s 50-day simple moving average is $53.46 and its two-hundred day simple moving average is $59.29. Etsy, Inc. has a twelve month low of $48.07 and a twelve month high of $89.58. The firm has a market capitalization of $6.03 billion, a P/E ratio of 23.54, a P/E/G ratio of 4.99 and a beta of 1.97.

Etsy (NASDAQ:ETSY) last posted its quarterly earnings data on Wednesday, July 31st. The specialty retailer reported $0.41 earnings per share for the quarter, missing the consensus estimate 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 the consensus estimate of $629.87 million. During the same quarter last year, the company posted $0.83 earnings per share. The firm’s revenue for the quarter was up 3.0% on a year-over-year basis. As a group, research analysts anticipate that Etsy, Inc. will post 2.38 EPS for the current fiscal year.

Insider Transactions at Etsy

In related news, CAO Merilee Buckley sold 1,676 shares of the stock in a transaction on Thursday, October 3rd. The stock was sold at an average price of $51.11, for a total value of $85,660.36. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, insider Toni Thompson Nadal sold 1,443 shares of the stock in a transaction on Thursday, October 3rd. The shares were sold at an average price of $51.11, for a total transaction of $73,751.73. Following the transaction, the insider now owns 592 shares of the company’s stock, valued at approximately $30,257.12. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Merilee Buckley sold 1,676 shares of the business’s stock in a transaction on Thursday, October 3rd. The stock was sold at an average price of $51.11, for a total transaction of $85,660.36. The disclosure for this sale can be found here. In the last ninety days, insiders sold 5,619 shares of company stock valued at $300,670. Insiders own 2.60% of the company’s stock.

About Etsy

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.