Etsy Inc (NASDAQ:ETSY) CTO Sells $293,314.56 in Stock

Etsy Inc (NASDAQ:ETSY) CTO Michael T. Fisher sold 5,208 shares of the firm’s stock in a transaction dated Friday, October 4th. The shares were sold at an average price of $56.32, for a total transaction of $293,314.56. Following the transaction, the chief technology officer now owns 24,168 shares of the company’s stock, valued at $1,361,141.76. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Shares of Etsy stock traded down $0.71 during mid-day trading on Tuesday, hitting $55.21. 2,104,361 shares of the stock were exchanged, compared to its average volume of 4,993,794. Etsy Inc has a twelve month low of $38.02 and a twelve month high of $73.35. The stock has a market capitalization of $6.66 billion, a price-to-earnings ratio of 90.51, a price-to-earnings-growth ratio of 3.62 and a beta of 1.01. The company has a 50-day simple moving average of $54.50 and a 200 day simple moving average of $62.00. The company has a current ratio of 4.47, a quick ratio of 4.47 and a debt-to-equity ratio of 0.77.

Etsy (NASDAQ:ETSY) last released its quarterly earnings results on Thursday, August 1st. The specialty retailer reported $0.14 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.14. Etsy had a net margin of 15.83% and a return on equity of 26.77%. The company had revenue of $181.10 million for the quarter, compared to analysts’ expectations of $183.28 million. During the same period last year, the company earned $0.07 EPS. The firm’s revenue for the quarter was up 36.8% compared to the same quarter last year. Equities research analysts forecast that Etsy Inc will post 0.76 earnings per share for the current fiscal year.



Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Aperio Group LLC boosted its position in shares of Etsy by 0.4% in the second quarter. Aperio Group LLC now owns 41,990 shares of the specialty retailer’s stock worth $2,577,000 after acquiring an additional 175 shares during the last quarter. Keybank National Association OH boosted its position in shares of Etsy by 2.1% in the second quarter. Keybank National Association OH now owns 11,069 shares of the specialty retailer’s stock worth $679,000 after acquiring an additional 232 shares during the last quarter. We Are One Seven LLC boosted its position in shares of Etsy by 1.7% in the second quarter. We Are One Seven LLC now owns 13,652 shares of the specialty retailer’s stock worth $837,000 after acquiring an additional 234 shares during the last quarter. Intrust Bank NA boosted its position in shares of Etsy by 1.8% in the second quarter. Intrust Bank NA now owns 15,690 shares of the specialty retailer’s stock worth $963,000 after acquiring an additional 271 shares during the last quarter. Finally, Bank of Montreal Can boosted its position in shares of Etsy by 16.0% in the second quarter. Bank of Montreal Can now owns 2,966 shares of the specialty retailer’s stock worth $181,000 after acquiring an additional 409 shares during the last quarter. 92.44% of the stock is currently owned by institutional investors and hedge funds.

Several research firms have weighed in on ETSY. Wedbush upgraded shares of Etsy from a “neutral” rating to an “outperform” rating and raised their target price for the company from $64.00 to $66.00 in a report on Friday, September 13th. Canaccord Genuity set a $85.00 price target on shares of Etsy and gave the stock a “buy” rating in a research note on Friday, August 2nd. ValuEngine cut shares of Etsy from a “hold” rating to a “sell” rating in a research note on Wednesday, October 2nd. Morgan Stanley decreased their price target on shares of Etsy from $65.00 to $57.00 and set an “equal weight” rating on the stock in a research note on Friday. Finally, Royal Bank of Canada raised shares of Etsy from a “sector perform” rating to an “outperform” rating and raised their price target for the stock from $63.00 to $68.00 in a research note on Thursday, September 19th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and fifteen have issued a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $72.25.

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.

Further Reading: Sell-Side Analysts

Insider Buying and Selling by Quarter for Etsy (NASDAQ:ETSY)

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