Insider Selling: Etsy Inc (NASDAQ:ETSY) SVP Sells 4,505 Shares of Stock

Etsy Inc (NASDAQ:ETSY) SVP Goyal Kruti Patel sold 4,505 shares of the business’s stock in a transaction that occurred on Tuesday, July 2nd. The shares were sold at an average price of $61.80, for a total transaction of $278,409.00. Following the completion of the sale, the senior vice president now directly owns 16,389 shares in the company, valued at approximately $1,012,840.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of Etsy stock traded up $1.64 during trading on Wednesday, reaching $64.28. The company’s stock had a trading volume of 1,028,865 shares, compared to its average volume of 2,700,634. Etsy Inc has a 52-week low of $38.02 and a 52-week high of $73.35. The company has a market cap of $7.60 billion, a P/E ratio of 105.38, a price-to-earnings-growth ratio of 4.07 and a beta of 0.92. The firm has a 50-day simple moving average of $64.14. The company has a current ratio of 4.87, a quick ratio of 4.87 and a debt-to-equity ratio of 0.81.

Etsy (NASDAQ:ETSY) last announced its quarterly earnings data on Wednesday, May 8th. The specialty retailer reported $0.24 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.10. Etsy had a net margin of 14.74% and a return on equity of 24.24%. The company had revenue of $169.33 million during the quarter, compared to analysts’ expectations of $170.72 million. During the same quarter in the prior year, the company earned $0.10 EPS. The firm’s revenue was up 40.0% on a year-over-year basis. As a group, analysts predict that Etsy Inc will post 0.79 EPS for the current fiscal year.

Several institutional investors have recently made changes to their positions in ETSY. Amundi Pioneer Asset Management Inc. purchased a new stake in shares of Etsy in the 1st quarter worth about $1,681,000. Nordea Investment Management AB lifted its position in shares of Etsy by 1.3% in the 1st quarter. Nordea Investment Management AB now owns 98,156 shares of the specialty retailer’s stock worth $6,599,000 after purchasing an additional 1,235 shares during the period. GYL Financial Synergies LLC purchased a new stake in shares of Etsy in the 1st quarter worth about $838,000. Rehmann Capital Advisory Group lifted its position in shares of Etsy by 2,408.7% in the 1st quarter. Rehmann Capital Advisory Group now owns 1,731 shares of the specialty retailer’s stock worth $116,000 after purchasing an additional 1,662 shares during the period. Finally, Marshall Wace North America L.P. purchased a new stake in shares of Etsy in the 1st quarter worth about $995,000. 95.58% of the stock is owned by institutional investors.

Several analysts have recently issued reports on ETSY shares. KeyCorp boosted their price target on shares of Etsy from $75.00 to $90.00 and gave the company an “overweight” rating in a research report on Friday, March 8th. ValuEngine lowered shares of Etsy from a “strong-buy” rating to a “buy” rating in a report on Thursday, May 9th. BidaskClub lowered shares of Etsy from a “buy” rating to a “hold” rating in a report on Tuesday, June 11th. Zacks Investment Research lowered shares of Etsy from a “hold” rating to a “sell” rating in a report on Tuesday, April 30th. Finally, Oppenheimer began coverage on shares of Etsy in a report on Friday, March 29th. They issued a “market perform” rating on the stock. Nine investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $69.25.

About Etsy

Etsy, Inc operates Etsy.com, a commerce platform to make, sell, and buy goods online and offline primarily in the United States, United Kingdom, Canada, Australia, France, and Germany. It provides various seller services and tools that are designed to help entrepreneurs for starting, managing, and scaling their businesses.

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