Josh Silverman Sells 10,425 Shares of Etsy, Inc. (NASDAQ:ETSY) Stock

Etsy, Inc. (NASDAQ:ETSY) CEO Josh Silverman sold 10,425 shares of Etsy stock in a transaction on Wednesday, August 30th. The stock was sold at an average price of $74.29, for a total transaction of $774,473.25. Following the completion of the sale, the chief executive officer now owns 14,674 shares of the company’s stock, valued at approximately $1,090,131.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Josh Silverman also recently made the following trade(s):

• On Wednesday, August 2nd, Josh Silverman sold 20,850 shares of Etsy stock. The stock was sold at an average price of $95.57, for a total transaction of $1,992,634.50.
• On Wednesday, July 19th, Josh Silverman sold 20,850 shares of Etsy stock. The stock was sold at an average price of $95.35, for a total transaction of $1,988,047.50.
• On Wednesday, July 5th, Josh Silverman sold 10,425 shares of Etsy stock. The stock was sold at an average price of $83.80, for a total transaction of $873,615.00.
• On Wednesday, June 21st, Josh Silverman sold 20,850 shares of Etsy stock. The shares were sold at an average price of $95.33, for a total transaction of $1,987,630.50.
• On Wednesday, June 7th, Josh Silverman sold 10,425 shares of Etsy stock. The shares were sold at an average price of $89.24, for a total transaction of $930,327.00.

Etsy Stock Up 1.4 %

ETSY stock opened at $74.64 on Friday. Etsy, Inc. has a fifty-two week low of $71.28 and a fifty-two week high of $149.91. The company has a market capitalization of $9.18 billion, a P/E ratio of -12.71, a PEG ratio of 3.67 and a beta of 2.03. The company has a 50-day simple moving average of $84.74 and a 200 day simple moving average of $96.40.

Etsy (NASDAQ:ETSY) last issued its quarterly earnings results on Wednesday, August 2nd. The specialty retailer reported $0.83 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.42. Etsy had a negative net margin of 26.84% and a negative return on equity of 69.10%. The company had revenue of $628.88 million during the quarter, compared to the consensus estimate of $621.87 million. Equities analysts anticipate that Etsy, Inc. will post 2.73 EPS for the current year.

Institutional Investors Weigh In On Etsy

Institutional investors and hedge funds have recently bought and sold shares of the business. Park Place Capital Corp lifted its holdings in Etsy by 15.2% in the 1st quarter. Park Place Capital Corp now owns 1,053 shares of the specialty retailer’s stock valued at $117,000 after acquiring an additional 139 shares during the last quarter. Quantinno Capital Management LP lifted its stake in Etsy by 7.0% during the first quarter. Quantinno Capital Management LP now owns 3,830 shares of the specialty retailer’s stock valued at $426,000 after buying an additional 250 shares in the last quarter. AustralianSuper Pty Ltd purchased a new stake in Etsy during the first quarter valued at about $9,763,000. Victory Capital Management Inc. lifted its stake in Etsy by 3.5% during the first quarter. Victory Capital Management Inc. now owns 109,706 shares of the specialty retailer’s stock valued at $12,214,000 after buying an additional 3,722 shares in the last quarter. Finally, Pacer Advisors Inc. lifted its stake in Etsy by 4,127.7% during the first quarter. Pacer Advisors Inc. now owns 105,523 shares of the specialty retailer’s stock valued at $11,748,000 after buying an additional 103,027 shares in the last quarter. 92.98% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have weighed in on ETSY. Jefferies Financial Group boosted their target price on shares of Etsy from $75.00 to $80.00 and gave the company an “underperform” rating in a research note on Tuesday, July 25th. Needham & Company LLC reiterated a “buy” rating and set a $130.00 target price on shares of Etsy in a research note on Thursday, August 3rd. Morgan Stanley lowered their target price on shares of Etsy from $74.00 to $72.00 and set an “equal weight” rating for the company in a research note on Thursday, August 3rd. DA Davidson lowered their price target on shares of Etsy from $166.00 to $157.00 and set a “buy” rating for the company in a research report on Thursday, August 3rd. Finally, TheStreet lowered shares of Etsy from a “c-” rating to a “d+” rating in a research report on Tuesday, May 23rd. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $118.43.

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, France, and India. Its primary marketplace is Etsy.com that connects artisans and entrepreneurs with various consumers.