Toni Thompson Nadal Sells 1,444 Shares of Etsy, Inc. (NASDAQ:ETSY) Stock

by · The Cerbat Gem

Etsy, Inc. (NASDAQ:ETSY – Get Free Report) insider Toni Thompson Nadal sold 1,444 shares of the firm’s stock in a transaction on Thursday, April 3rd. The stock was sold at an average price of $48.30, for a total transaction of $69,745.20. Following the transaction, the insider now directly owns 592 shares in the company, valued at $28,593.60. The trade was a 70.92 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Etsy Trading Down 8.2 %

Etsy stock opened at $44.42 on Friday. The stock has a market cap of $4.76 billion, a PE ratio of 18.74, a P/E/G ratio of 2.57 and a beta of 2.15. The stock has a 50-day moving average price of $50.45 and a 200 day moving average price of $52.44. Etsy, Inc. has a 52 week low of $43.43 and a 52 week high of $71.72.

Etsy (NASDAQ:ETSY – Get Free Report) last announced its quarterly earnings data on Wednesday, February 19th. The specialty retailer reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.08. The business had revenue of $852.16 million for the quarter, compared to the consensus estimate of $861.37 million. Etsy had a net margin of 10.80% and a negative return on equity of 46.62%. The company’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.62 earnings per share. On average, equities analysts predict that Etsy, Inc. will post 2.57 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on ETSY shares. Loop Capital dropped their price target on Etsy from $45.00 to $40.00 and set a “sell” rating on the stock in a research report on Thursday, February 20th. Deutsche Bank Aktiengesellschaft cut Etsy to a “hold” rating and cut their price target for the stock from $45.00 to $43.00 in a research note on Wednesday, February 12th. Wells Fargo & Company lowered their price objective on shares of Etsy from $47.00 to $46.00 and set an “underweight” rating on the stock in a research report on Wednesday. Citigroup cut their price objective on shares of Etsy from $56.00 to $53.00 and set a “neutral” rating for the company in a research report on Thursday, February 20th. Finally, Cantor Fitzgerald lowered their target price on shares of Etsy from $46.00 to $43.00 and set a “neutral” rating on the stock in a report on Thursday, February 20th. Four research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $58.38.

Read Our Latest Research Report on Etsy

Institutional Investors Weigh In On Etsy

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Lindbrook Capital LLC boosted its stake in Etsy by 55.7% in the 4th quarter. Lindbrook Capital LLC now owns 506 shares of the specialty retailer’s stock worth $27,000 after buying an additional 181 shares during the last quarter. True Wealth Design LLC boosted its position in shares of Etsy by 112.7% in the fourth quarter. True Wealth Design LLC now owns 551 shares of the specialty retailer’s stock worth $29,000 after acquiring an additional 292 shares during the last quarter. Hurley Capital LLC purchased a new stake in Etsy in the fourth quarter valued at approximately $32,000. Strategic Investment Solutions Inc. IL purchased a new position in Etsy during the fourth quarter worth approximately $34,000. Finally, Summit Securities Group LLC acquired a new stake in shares of Etsy in the 4th quarter worth about $37,000. Hedge funds and other institutional investors own 99.53% of the company’s stock.

About Etsy

(Get Free Report)

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.

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