Etsy, Inc. (NASDAQ:ETSY) CEO Josh Silverman Sells 20,850 Shares

Etsy, Inc. (NASDAQ:ETSYGet Rating) CEO Josh Silverman sold 20,850 shares of Etsy stock in a transaction dated Wednesday, September 21st. The stock was sold at an average price of $106.32, for a total value of $2,216,772.00. Following the completion of the sale, the chief executive officer now owns 102,707 shares of the company’s stock, valued at $10,919,808.24. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

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

  • On Wednesday, September 7th, Josh Silverman sold 20,850 shares of Etsy stock. The stock was sold at an average price of $105.86, for a total value of $2,207,181.00.
  • On Wednesday, August 17th, Josh Silverman sold 20,850 shares of Etsy stock. The stock was sold at an average price of $117.06, for a total value of $2,440,701.00.
  • On Wednesday, August 3rd, Josh Silverman sold 20,850 shares of Etsy stock. The stock was sold at an average price of $107.80, for a total value of $2,247,630.00.
  • On Wednesday, July 20th, Josh Silverman sold 20,850 shares of Etsy stock. The stock was sold at an average price of $90.73, for a total value of $1,891,720.50.
  • On Wednesday, July 6th, Josh Silverman sold 20,850 shares of Etsy stock. The stock was sold at an average price of $86.66, for a total value of $1,806,861.00.

Etsy Price Performance

ETSY traded down $6.58 on Thursday, hitting $97.49. 3,094,191 shares of the company’s stock traded hands, compared to its average volume of 4,096,045. The company has a current ratio of 2.93, a quick ratio of 2.93 and a debt-to-equity ratio of 4.10. Etsy, Inc. has a one year low of $67.01 and a one year high of $307.75. The company’s 50 day simple moving average is $105.23 and its 200-day simple moving average is $102.08. The firm has a market cap of $12.34 billion, a price-to-earnings ratio of 34.63, a P/E/G ratio of 4.85 and a beta of 1.86.

Etsy (NASDAQ:ETSYGet Rating) last released its quarterly earnings data on Wednesday, July 27th. The specialty retailer reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.13. Etsy had a return on equity of 67.88% and a net margin of 17.01%. The business had revenue of $585.20 million for the quarter, compared to the consensus estimate of $556.85 million. During the same quarter in the previous year, the company posted $0.68 EPS. The company’s revenue was up 10.6% compared to the same quarter last year. As a group, research analysts anticipate that Etsy, Inc. will post 2.18 EPS for the current year.

Analyst Upgrades and Downgrades

ETSY has been the topic of several research reports. UBS Group dropped their target price on Etsy from $180.00 to $90.00 and set a “neutral” rating on the stock in a research report on Friday, June 3rd. Piper Sandler initiated coverage on Etsy in a research report on Wednesday, August 3rd. They issued a “neutral” rating and a $95.00 target price on the stock. Oppenheimer raised their target price on Etsy from $120.00 to $127.00 and gave the stock an “outperform” rating in a research report on Thursday, July 28th. Bank of America initiated coverage on Etsy in a research report on Tuesday. They set a “neutral” rating and a $120.00 price objective on the stock. Finally, BTIG Research lifted their price objective on Etsy from $105.00 to $122.00 in a research report on Thursday, July 28th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $128.90.

Institutional Trading of Etsy

Large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of Etsy by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 13,703,486 shares of the specialty retailer’s stock valued at $1,703,069,000 after purchasing an additional 118,034 shares during the last quarter. Capital World Investors increased its position in shares of Etsy by 13.4% during the 1st quarter. Capital World Investors now owns 3,457,269 shares of the specialty retailer’s stock valued at $429,669,000 after purchasing an additional 409,540 shares during the last quarter. Flossbach Von Storch AG increased its position in shares of Etsy by 6.5% during the 1st quarter. Flossbach Von Storch AG now owns 2,788,570 shares of the specialty retailer’s stock valued at $346,563,000 after purchasing an additional 170,402 shares during the last quarter. Clearbridge Investments LLC increased its position in shares of Etsy by 8.6% during the 2nd quarter. Clearbridge Investments LLC now owns 2,514,618 shares of the specialty retailer’s stock valued at $184,095,000 after purchasing an additional 199,985 shares during the last quarter. Finally, Principal Financial Group Inc. increased its position in shares of Etsy by 5.2% during the 1st quarter. Principal Financial Group Inc. now owns 2,452,354 shares of the specialty retailer’s stock valued at $304,779,000 after purchasing an additional 120,910 shares during the last quarter. Institutional investors own 98.68% of the company’s stock.

About Etsy

(Get Rating)

Etsy, Inc operates two-sided online marketplaces that connect buyers and sellers primarily 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. 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.

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