Frederick R. Wilson Sells 22,062 Shares of Etsy Inc (ETSY) Stock

Etsy Inc (NASDAQ:ETSY) Director Frederick R. Wilson sold 22,062 shares of the company’s stock in a transaction dated Wednesday, August 15th. The shares were sold at an average price of $45.48, for a total transaction of $1,003,379.76. Following the sale, the director now owns 23,487 shares of the company’s stock, valued at $1,068,188.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of Etsy stock traded up $0.77 during trading on Thursday, reaching $45.63. 2,012,600 shares of the stock were exchanged, compared to its average volume of 2,723,328. The company has a current ratio of 5.87, a quick ratio of 5.87 and a debt-to-equity ratio of 0.90. The firm has a market cap of $5.52 billion, a P/E ratio of 120.24, a P/E/G ratio of 7.31 and a beta of 0.12. Etsy Inc has a 1 year low of $15.27 and a 1 year high of $50.60.

Etsy (NASDAQ:ETSY) last posted its earnings results on Monday, August 6th. The specialty retailer reported $0.03 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.04 by ($0.01). The firm had revenue of $132.39 million for the quarter, compared to analysts’ expectations of $127.10 million. Etsy had a return on equity of 13.23% and a net margin of 17.52%. The business’s revenue for the quarter was up 30.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.10 earnings per share. research analysts forecast that Etsy Inc will post 0.42 earnings per share for the current fiscal year.

Several institutional investors have recently bought and sold shares of ETSY. Guggenheim Capital LLC boosted its holdings in shares of Etsy by 38.6% during the fourth quarter. Guggenheim Capital LLC now owns 36,005 shares of the specialty retailer’s stock worth $737,000 after purchasing an additional 10,024 shares during the period. Migdal Insurance & Financial Holdings Ltd. boosted its holdings in shares of Etsy by 233.2% during the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 66,010 shares of the specialty retailer’s stock worth $1,852,000 after purchasing an additional 46,199 shares during the period. Alps Advisors Inc. purchased a new stake in shares of Etsy during the first quarter worth about $483,000. Oppenheimer & Co. Inc. purchased a new stake in shares of Etsy during the first quarter worth about $2,421,000. Finally, Comerica Bank purchased a new stake in shares of Etsy during the first quarter worth about $973,000. Institutional investors own 87.16% of the company’s stock.

ETSY has been the subject of several analyst reports. DA Davidson upped their price target on shares of Etsy from $33.00 to $35.00 and gave the company a “buy” rating in a research report on Tuesday, May 1st. Loop Capital set a $37.00 price target on shares of Etsy and gave the company a “buy” rating in a research report on Wednesday, May 9th. Zacks Investment Research upgraded shares of Etsy from a “hold” rating to a “buy” rating and set a $32.00 price target for the company in a research report on Wednesday, May 23rd. Stifel Nicolaus upped their price target on shares of Etsy from $24.00 to $30.00 and gave the company a “hold” rating in a research report on Wednesday, May 9th. Finally, Royal Bank of Canada restated a “hold” rating and set a $45.00 price target on shares of Etsy in a research report on Tuesday, August 7th. One analyst has rated the stock with a sell rating, five have issued a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $42.41.

About Etsy

Etsy, Inc operates Etsy.com, a commerce platform to make, sell, and buy goods online and offline primarily in the United States, United Kingdom, Canada, Australia, France, and Germany. It provides various seller services and tools that are designed to help entrepreneurs for starting, managing, and scaling their businesses.

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