Etsy, Inc. (NASDAQ:ETSY) CEO Josh Silverman Buys 64,000 Shares
Etsy, Inc. (NASDAQ:ETSY) CEO Josh Silverman purchased 64,000 shares of the firm’s stock in a transaction dated Tuesday, August 8th. The shares were acquired at an average cost of $15.67 per share, with a total value of $1,002,880.00. Following the completion of the purchase, the chief executive officer now directly owns 64,000 shares in the company, valued at $1,002,880. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Etsy, Inc. (NASDAQ:ETSY) traded up 0.32% during midday trading on Thursday, hitting $15.90. The stock had a trading volume of 3,342,981 shares. The stock’s 50-day moving average is $14.83 and its 200-day moving average is $12.56. The stock’s market capitalization is $1.76 billion. Etsy, Inc. has a 1-year low of $9.41 and a 1-year high of $16.05.
Etsy (NASDAQ:ETSY) last posted its quarterly earnings data on Thursday, August 3rd. The specialty retailer reported $0.10 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.04 by $0.06. Etsy had a positive return on equity of 3.83% and a negative net margin of 3.16%. The company had revenue of $101.70 million during the quarter, compared to analyst estimates of $101.14 million. During the same quarter last year, the company earned ($0.06) EPS. The firm’s revenue for the quarter was up 19.2% on a year-over-year basis. On average, equities research analysts anticipate that Etsy, Inc. will post $0.28 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. UBS Asset Management Americas Inc. raised its position in Etsy by 83.7% in the first quarter. UBS Asset Management Americas Inc. now owns 32,139 shares of the specialty retailer’s stock worth $342,000 after buying an additional 14,639 shares during the period. BNP Paribas Arbitrage SA raised its position in Etsy by 263.8% in the first quarter. BNP Paribas Arbitrage SA now owns 27,160 shares of the specialty retailer’s stock worth $289,000 after buying an additional 19,694 shares during the period. Algert Global LLC bought a new position in Etsy during the first quarter worth $301,000. Wells Fargo & Company MN raised its position in Etsy by 70.6% in the first quarter. Wells Fargo & Company MN now owns 1,533,634 shares of the specialty retailer’s stock worth $16,303,000 after buying an additional 634,855 shares during the period. Finally, Punch & Associates Investment Management Inc. raised its position in Etsy by 2.2% in the first quarter. Punch & Associates Investment Management Inc. now owns 404,290 shares of the specialty retailer’s stock worth $4,298,000 after buying an additional 8,805 shares during the period. 69.59% of the stock is owned by institutional investors.
Several equities analysts have recently weighed in on the stock. Stifel Nicolaus raised their price target on shares of Etsy from $13.00 to $15.00 and gave the stock a “hold” rating in a research note on Friday, August 4th. Royal Bank Of Canada increased their price objective on Etsy from $12.00 to $16.00 and gave the company a “sector perform” rating in a report on Friday, August 4th. BidaskClub downgraded Etsy from a “buy” rating to a “hold” rating in a report on Wednesday, August 2nd. Roth Capital set a $14.00 price objective on Etsy and gave the company a “hold” rating in a report on Monday, July 31st. Finally, Morgan Stanley reissued an “equal weight” rating and issued a $13.50 price objective (up previously from $9.50) on shares of Etsy in a report on Thursday, July 20th. Eleven equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $14.33.
Etsy Company Profile
Etsy, Inc (Etsy) operates a marketplace where people around the world connect, both online and offline, to make, sell and buy goods. The Company offers a range of seller services and tools that help entrepreneurs start, grow and manage their businesses. The Company’s community includes Etsy sellers, Etsy buyers, Etsy employees, its partners and investors.
Receive News & Ratings for Etsy Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Etsy Inc. and related companies with MarketBeat.com's FREE daily email newsletter.