Etsy, Inc. (NASDAQ:ETSY) CTO Michael T. Fisher Sells 24,592 Shares of Stock

Etsy, Inc. (NASDAQ:ETSY) CTO Michael T. Fisher sold 24,592 shares of the stock in a transaction that occurred on Monday, April 5th. The stock was sold at an average price of $198.40, for a total transaction of $4,879,052.80. Following the completion of the sale, the chief technology officer now owns 25,665 shares of the company’s stock, valued at approximately $5,091,936. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

NASDAQ ETSY opened at $204.02 on Thursday. Etsy, Inc. has a twelve month low of $47.87 and a twelve month high of $251.86. The stock has a market cap of $25.72 billion, a PE ratio of 113.34, a PEG ratio of 3.58 and a beta of 1.66. The firm has a 50-day simple moving average of $212.21 and a 200 day simple moving average of $176.79. The company has a debt-to-equity ratio of 1.65, a quick ratio of 4.98 and a current ratio of 4.98.

Etsy (NASDAQ:ETSY) last issued its quarterly earnings results on Thursday, February 25th. The specialty retailer reported $1.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.48. Etsy had a return on equity of 46.30% and a net margin of 16.83%. Research analysts forecast that Etsy, Inc. will post 2.12 earnings per share for the current fiscal year.

A number of equities research analysts have recently weighed in on the company. Needham & Company LLC raised their price target on Etsy from $155.00 to $235.00 and gave the stock a “buy” rating in a research note on Thursday, March 4th. Stifel Nicolaus reissued a “hold” rating and set a $170.00 target price on shares of Etsy in a research report on Sunday, February 7th. Citigroup raised their target price on Etsy from $250.00 to $260.00 in a report on Tuesday, March 2nd. Roth Capital upped their price target on Etsy from $235.00 to $245.00 and gave the stock a “buy” rating in a research note on Thursday, March 4th. Finally, Loop Capital raised their price objective on Etsy from $210.00 to $240.00 and gave the company a “buy” rating in a research note on Monday, January 25th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and eighteen have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $207.09.

A number of hedge funds have recently modified their holdings of the stock. Credit Agricole S A acquired a new stake in Etsy during the fourth quarter worth $25,000. Jackson Grant Investment Advisers Inc. acquired a new stake in shares of Etsy during the 4th quarter valued at about $27,000. Salem Investment Counselors Inc. bought a new stake in Etsy in the fourth quarter valued at about $27,000. Associated Banc Corp increased its stake in Etsy by 450.0% in the fourth quarter. Associated Banc Corp now owns 165 shares of the specialty retailer’s stock valued at $29,000 after acquiring an additional 135 shares during the period. Finally, Farmers & Merchants Investments Inc. raised its position in Etsy by 45.0% in the fourth quarter. Farmers & Merchants Investments Inc. now owns 174 shares of the specialty retailer’s stock worth $31,000 after purchasing an additional 54 shares in the last quarter. 87.69% of the stock is owned by hedge funds and other institutional investors.

Etsy Company Profile

Etsy, Inc operates two-sided online marketplaces that connect buyers and sellers primarily in the United States, the United Kingdom, Germany, Canada, Australia, France, and India. Its online market places include and The company offers approximately 85 million items in its various retail categories to buyers.

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