Etsy (NYSE:ETSY) Director Sells $23,868.00 in Stock

by · The Markets Daily

Etsy Inc (NYSE:ETSY – Get Free Report) Director Marla Blow sold 300 shares of Etsy stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $79.56, for a total value of $23,868.00. Following the completion of the transaction, the director directly owned 13,024 shares of the company’s stock, valued at $1,036,189.44. This represents a 2.25% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Etsy Stock Down 0.6%

Shares of NYSE ETSY opened at $80.69 on Friday. Etsy Inc has a 12-month low of $44.00 and a 12-month high of $87.97. The firm’s 50-day simple moving average is $79.76 and its 200 day simple moving average is $65.19. The company has a market cap of $7.66 billion, a price-to-earnings ratio of 45.08, a price-to-earnings-growth ratio of 5.56 and a beta of 1.84.

Etsy (NYSE:ETSY – Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The company reported ($0.49) earnings per share for the quarter, missing the consensus estimate of $0.75 by ($1.24). The company had revenue of $668.31 million during the quarter, compared to analyst estimates of $646.10 million. Etsy had a net margin of 7.32% and a negative return on equity of 34.18%. The company’s revenue was down .7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.25 EPS. On average, equities analysts expect that Etsy Inc will post 3.94 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages recently weighed in on ETSY. Zacks Research lowered shares of Etsy from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 14th. Needham & Company LLC upped their price objective on Etsy from $85.00 to $100.00 and gave the stock a “buy” rating in a report on Friday, August 7th. B. Riley Financial increased their price objective on Etsy from $75.00 to $82.00 and gave the company a “neutral” rating in a research report on Monday, August 10th. Loop Capital set a $105.00 target price on Etsy in a research note on Thursday. Finally, Weiss Ratings cut Etsy from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, August 6th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, eighteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Etsy has a consensus rating of “Hold” and a consensus price target of $84.68.

Read Our Latest Analysis on ETSY

Etsy News Summary

Here are the key news stories impacting Etsy this week:

  • Positive Sentiment: Bank of America upgraded Etsy from “Neutral” to “Buy” and raised its price target from $88 to $95. The firm said recent growth appears increasingly structural rather than temporary, citing improved execution under CEO Kruti Patel Goyal, stronger mobile engagement and conservative estimates. It also identified potential for more than $1 billion in share buybacks following the Depop sale. Etsy upgraded to buy at BofA on durable growth, buyback potential
  • Positive Sentiment: Rosenblatt Securities initiated coverage with a “Buy” rating and a $95 price target, implying meaningful upside from recent trading levels, and subsequently upgraded the shares to “Strong Buy.” The bullish view adds momentum to Etsy’s improving analyst sentiment. Rosenblatt initiates Etsy coverage
  • Positive Sentiment: Recent coverage characterizes Etsy’s rebound as potentially durable, while the company’s reported partnership with OpenAI may improve product discovery and marketplace engagement over time. Etsy Partners With OpenAI
  • Neutral Sentiment: Goldman Sachs has begun research coverage on Etsy, but no rating or price target was provided in the available report. The broader analyst consensus remains “Hold,” with an average target of approximately $82.73, below the newer $95 targets.
  • Negative Sentiment: Director Marla Blow sold 300 shares and Chief Accounting Officer Merilee Buckley sold 405 shares under pre-arranged Rule 10b5-1 plans. The transactions were relatively small, but insider selling can temper investor enthusiasm.
  • Negative Sentiment: Etsy’s latest quarterly results included an adjusted EPS loss of $0.49 versus expectations for positive EPS of $0.75, while revenue declined 0.7% year over year. With a P/E ratio near 45, investors may demand continued evidence that the company’s growth recovery can justify its valuation.

Institutional Trading of Etsy

Hedge funds have recently added to or reduced their stakes in the business. denkapparat Operations GmbH bought a new position in Etsy during the second quarter worth about $238,000. Nykredit A S bought a new stake in shares of Etsy in the second quarter worth about $264,000. PYA Waltman Capital LLC increased its holdings in shares of Etsy by 3.7% in the second quarter. PYA Waltman Capital LLC now owns 68,185 shares of the company’s stock worth $5,136,000 after acquiring an additional 2,412 shares in the last quarter. Headlands Technologies LLC bought a new stake in shares of Etsy in the second quarter worth about $1,045,000. Finally, Two Sigma Securities LLC acquired a new stake in shares of Etsy during the second quarter worth about $804,000. Institutional investors and hedge funds own 99.53% of the company’s stock.

Etsy Company Profile

(Get Free Report)

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. In addition, it offers various seller services, including Etsy Payments, a payment processing service; Etsy Ads, an advertising platform; and Shipping Labels, which allows sellers in the United States, Canada, the United Kingdom, Australia, and India to purchase discounted shipping labels.

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