Etsy, Inc. (NASDAQ:ETSY) Insider Nicholas Daniel Sells 1,500 Shares

Etsy, Inc. (NASDAQ:ETSY) insider Nicholas Daniel sold 1,500 shares of the firm’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $50.48, for a total value of $75,720.00. Following the completion of the sale, the insider now directly owns 20,698 shares in the company, valued at approximately $1,044,835.04. This represents a 6.76 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

Nicholas Daniel also recently made the following trade(s):

• On Monday, February 3rd, Nicholas Daniel sold 1,500 shares of Etsy stock. The shares were sold at an average price of $55.34, for a total value of $83,010.00.

Etsy Stock Up 1.1 %

Etsy stock opened at $50.00 on Thursday. Etsy, Inc. has a 52 week low of $47.10 and a 52 week high of $73.48. The company’s 50 day moving average price is $53.53 and its two-hundred day moving average price is $53.67. The stock has a market cap of $5.35 billion, a P/E ratio of 21.10, a P/E/G ratio of 2.57 and a beta of 2.00.

Etsy (NASDAQ:ETSY) last posted its earnings results on Wednesday, February 19th. The specialty retailer reported $1.03 EPS for the quarter, topping the consensus estimate of $0.95 by $0.08. The firm had revenue of $852.16 million for the quarter, compared to analysts’ expectations of $861.37 million. Etsy had a net margin of 10.80% and a negative return on equity of 46.62%. The company’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.62 EPS. On average, equities analysts anticipate that Etsy, Inc. will post 2.57 EPS for the current year.

Institutional Investors Weigh In On Etsy

Hedge funds have recently modified their holdings of the stock. Lindbrook Capital LLC raised its holdings in Etsy by 55.7% during the 4th quarter. Lindbrook Capital LLC now owns 506 shares of the specialty retailer’s stock valued at $27,000 after acquiring an additional 181 shares during the period. True Wealth Design LLC grew its position in Etsy by 112.7% in the fourth quarter. True Wealth Design LLC now owns 551 shares of the specialty retailer’s stock worth $29,000 after acquiring an additional 292 shares in the last quarter. Hurley Capital LLC purchased a new stake in Etsy during the fourth quarter valued at about $32,000. Strategic Investment Solutions Inc. IL purchased a new stake in Etsy during the fourth quarter valued at about $34,000. Finally, Summit Securities Group LLC purchased a new stake in Etsy during the fourth quarter valued at about $37,000. Institutional investors own 99.53% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on ETSY shares. Loop Capital lowered their target price on Etsy from $45.00 to $40.00 and set a “sell” rating for the company in a research report on Thursday, February 20th. JMP Securities reaffirmed a “market perform” rating on shares of Etsy in a research report on Monday, December 16th. Morgan Stanley lowered their price objective on Etsy from $45.00 to $44.00 and set an “underweight” rating for the company in a research report on Thursday, February 20th. Needham & Company LLC reissued a “buy” rating and issued a $60.00 price objective on shares of Etsy in a research report on Thursday, February 20th. Finally, Moffett Nathanson lifted their price objective on Etsy from $60.00 to $61.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 26th. Four investment analysts have rated the stock with a sell rating, fourteen have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $58.78.

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.