Merilee Buckley Sells 5,636 Shares of Etsy (NASDAQ:ETSY) Stock

Etsy, Inc. (NASDAQ:ETSY) CAO Merilee Buckley sold 5,636 shares of the business’s stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $58.45, for a total transaction of $329,424.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Merilee Buckley also recently made the following trade(s):

• On Monday, November 3rd, Merilee Buckley sold 11,827 shares of Etsy stock. The stock was sold at an average price of $61.47, for a total transaction of $727,005.69.

Etsy Price Performance

Shares of ETSY stock opened at $61.39 on Wednesday. The stock has a market capitalization of $6.06 billion, a price-to-earnings ratio of 49.51, a PEG ratio of 10.65 and a beta of 1.74. The company’s fifty day simple moving average is $56.18 and its two-hundred day simple moving average is $59.77. Etsy, Inc. has a 1 year low of $40.05 and a 1 year high of $76.51.

Etsy (NASDAQ:ETSY) last posted its quarterly earnings results on Wednesday, October 29th. The specialty retailer reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.06. Etsy had a negative return on equity of 31.10% and a net margin of 5.78%.The firm had revenue of $678.03 million during the quarter, compared to analyst estimates of $655.83 million. During the same period last year, the company earned $0.45 earnings per share. The business’s revenue for the quarter was up 2.4% on a year-over-year basis. Equities research analysts anticipate that Etsy, Inc. will post 2.57 EPS for the current year.

Etsy declared that its board has authorized a share buyback plan on Thursday, December 18th that authorizes the company to buyback $750.00 million in shares. This buyback authorization authorizes the specialty retailer to buy up to 14.2% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s leadership believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. The Goldman Sachs Group raised their price objective on shares of Etsy from $48.00 to $57.00 and gave the company a “sell” rating in a research report on Thursday, October 30th. Barclays increased their target price on shares of Etsy from $60.00 to $62.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 30th. Moffett Nathanson reissued a “neutral” rating on shares of Etsy in a report on Wednesday, October 29th. Bank of America boosted their price target on shares of Etsy from $71.00 to $75.00 and gave the company a “neutral” rating in a research report on Friday, October 10th. Finally, Wedbush lowered their price objective on Etsy from $72.00 to $66.00 and set a “neutral” rating on the stock in a research report on Friday, December 19th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, nineteen have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, Etsy has an average rating of “Hold” and a consensus price target of $64.24.

Institutional Trading of Etsy

Several institutional investors and hedge funds have recently made changes to their positions in ETSY. GAMMA Investing LLC increased its stake in Etsy by 6.6% in the fourth quarter. GAMMA Investing LLC now owns 3,333 shares of the specialty retailer’s stock valued at $185,000 after acquiring an additional 205 shares during the last quarter. Keel Point LLC purchased a new position in shares of Etsy in the 3rd quarter worth about $205,000. IFP Advisors Inc increased its position in shares of Etsy by 40.9% during the 3rd quarter. IFP Advisors Inc now owns 5,638 shares of the specialty retailer’s stock valued at $376,000 after purchasing an additional 1,637 shares during the last quarter. Swiss Life Asset Management Ltd bought a new position in shares of Etsy during the 3rd quarter valued at about $287,000. Finally, Danske Bank A S purchased a new position in shares of Etsy during the 3rd quarter valued at about $66,000. Hedge funds and other institutional investors own 99.53% of the company’s stock.

About Etsy

Etsy, Inc (NASDAQ: ETSY) operates a global e-commerce marketplace focused on handmade, vintage and unique goods. The platform connects individual artisans, small businesses and collectors with buyers seeking one-of-a-kind items, ranging from handcrafted jewelry and clothing to home décor and art supplies. Etsy’s revenue is primarily generated through listing fees, transaction fees on sales and optional seller services such as advertising and shipping labels.

Founded in 2005 and headquartered in Brooklyn, New York, Etsy has cultivated a community-driven ethos, encouraging sustainable practices and personal entrepreneurship.