Chad Dickerson Sells 105,289 Shares of Etsy Inc. (ETSY) Stock
Etsy Inc. (NASDAQ:ETSY) CEO Chad Dickerson sold 105,289 shares of the firm’s stock in a transaction dated Monday, October 10th. The shares were sold at an average price of $16.00, for a total transaction of $1,684,624.00. Following the completion of the sale, the chief executive officer now owns 857,645 shares of the company’s stock, valued at $13,722,320. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Etsy Inc. (NASDAQ:ETSY) opened at 15.27 on Wednesday. The company’s market capitalization is $1.69 billion. The company has a 50-day moving average of $14.26 and a 200-day moving average of $10.96. Etsy Inc. has a 52 week low of $6.04 and a 52 week high of $16.05.
Etsy (NASDAQ:ETSY) last issued its quarterly earnings data on Tuesday, August 2nd. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.01) by $0.05. Etsy had a negative return on equity of 3.08% and a negative net margin of 5.37%. The firm earned $85.35 million during the quarter, compared to the consensus estimate of $80.55 million. During the same period in the previous year, the company posted ($0.07) earnings per share. The company’s revenue for the quarter was up 38.9% on a year-over-year basis. On average, equities research analysts anticipate that Etsy Inc. will post ($0.06) EPS for the current year.
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A number of large investors have recently modified their holdings of the company. BNP Paribas Arbitrage SA increased its stake in shares of Etsy by 107.6% in the third quarter. BNP Paribas Arbitrage SA now owns 8,598 shares of the company’s stock worth $123,000 after buying an additional 4,456 shares during the last quarter. Schwab Charles Investment Management Inc. increased its stake in shares of Etsy by 216.0% in the second quarter. Schwab Charles Investment Management Inc. now owns 185,806 shares of the company’s stock worth $1,782,000 after buying an additional 126,998 shares during the last quarter. Amalgamated Bank purchased a new stake in shares of Etsy during the second quarter worth about $161,000. American Century Companies Inc. purchased a new stake in shares of Etsy during the second quarter worth about $166,000. Finally, Legal & General Group Plc increased its stake in shares of Etsy by 1,829.4% in the second quarter. Legal & General Group Plc now owns 11,017 shares of the company’s stock worth $104,000 after buying an additional 10,446 shares during the last quarter. 58.14% of the stock is owned by institutional investors and hedge funds.
Several brokerages recently issued reports on ETSY. Citigroup Inc. raised their target price on shares of Etsy from $16.00 to $20.00 and gave the company a “buy” rating in a research note on Friday, October 7th. Zacks Investment Research downgraded shares of Etsy from a “buy” rating to a “hold” rating in a research report on Tuesday, October 4th. Maxim Group raised their price objective on shares of Etsy from $15.00 to $17.00 and gave the stock a “buy” rating in a research report on Monday, September 26th. Monness Crespi & Hardt upgraded shares of Etsy from a “neutral” rating to a “buy” rating and set a $17.00 price objective for the company in a research report on Wednesday, September 21st. Finally, Loop Capital began coverage on shares of Etsy in a research report on Tuesday, September 13th. They set a “hold” rating and a $14.00 price objective for the company. Ten investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $14.59.
Etsy Company Profile
Etsy, Inc (Etsy) operates a marketplace to connect people around the both online and offline for making, selling and buying goods. The Company’s geographical segments include United States and International. The Company’s community includes Etsy sellers, Etsy buyers, wholesale partners, manufacturers and Etsy employees.
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