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

Etsy, Inc. (NASDAQ:ETSY) insider Nicholas Daniel sold 1,500 shares of Etsy stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $48.24, for a total transaction of $72,360.00. Following the completion of the sale, the insider now directly owns 34,822 shares of the company’s stock, valued at approximately $1,679,813.28. The trade was a 4.13 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

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

• On Monday, March 3rd, Nicholas Daniel sold 1,500 shares of Etsy stock. The stock was sold at an average price of $50.48, for a total value of $75,720.00.
• 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 Down 8.2 %

ETSY stock opened at $44.42 on Friday. Etsy, Inc. has a twelve month low of $43.43 and a twelve month high of $71.72. The company has a market cap of $4.76 billion, a P/E ratio of 18.74, a PEG ratio of 2.57 and a beta of 2.15. The business has a fifty day moving average of $50.45 and a 200-day moving average of $52.44.

Etsy (NASDAQ:ETSY) last released its earnings results on Wednesday, February 19th. The specialty retailer reported $1.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.95 by $0.08. Etsy had a net margin of 10.80% and a negative return on equity of 46.62%. The company had revenue of $852.16 million for the quarter, compared to the consensus estimate of $861.37 million. During the same period in the prior year, the company posted $0.62 EPS. The company’s revenue was up 1.2% compared to the same quarter last year. As a group, equities research analysts anticipate that Etsy, Inc. will post 2.57 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have commented on the company. Cantor Fitzgerald lowered their price target on Etsy from $46.00 to $43.00 and set a “neutral” rating on the stock in a report on Thursday, February 20th. Wells Fargo & Company dropped their target price on shares of Etsy from $47.00 to $46.00 and set an “underweight” rating on the stock in a report on Wednesday. Stifel Nicolaus decreased their price target on shares of Etsy from $56.00 to $51.00 and set a “hold” rating for the company in a report on Thursday, February 20th. UBS Group dropped their price objective on Etsy from $55.00 to $54.00 and set a “neutral” rating on the stock in a research note on Thursday, February 20th. Finally, Deutsche Bank Aktiengesellschaft downgraded Etsy to a “hold” rating and decreased their target price for the company from $45.00 to $43.00 in a research note on Wednesday, February 12th. Four analysts have rated the stock with a sell rating, fifteen have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $58.38.

Institutional Trading of Etsy

A number of institutional investors have recently bought and sold shares of the business. Lindbrook Capital LLC lifted its stake in shares of Etsy by 55.7% in the 4th quarter. Lindbrook Capital LLC now owns 506 shares of the specialty retailer’s stock valued at $27,000 after purchasing an additional 181 shares during the period. Larson Financial Group LLC increased its holdings in Etsy by 8.7% in the fourth quarter. Larson Financial Group LLC now owns 2,728 shares of the specialty retailer’s stock valued at $144,000 after purchasing an additional 218 shares during the last quarter. Heron Bay Capital Management increased its holdings in Etsy by 1.3% in the fourth quarter. Heron Bay Capital Management now owns 20,260 shares of the specialty retailer’s stock valued at $1,072,000 after purchasing an additional 258 shares during the last quarter. Denver PWM LLC lifted its stake in Etsy by 36.1% in the fourth quarter. Denver PWM LLC now owns 1,090 shares of the specialty retailer’s stock valued at $58,000 after buying an additional 289 shares during the period. Finally, True Wealth Design LLC boosted its holdings in Etsy by 112.7% during the fourth quarter. True Wealth Design LLC now owns 551 shares of the specialty retailer’s stock worth $29,000 after buying an additional 292 shares during the last quarter. Institutional investors and hedge funds own 99.53% of the company’s stock.

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.