Insider Selling: Etsy Inc (NASDAQ:ETSY) Director Sells $683,100.00 in Stock
Etsy Inc (NASDAQ:ETSY) Director M Michele Burns sold 5,000 shares of the company’s stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $136.62, for a total transaction of $683,100.00. Following the completion of the sale, the director now directly owns 15,421 shares of the company’s stock, valued at approximately $2,106,817.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of Etsy stock opened at $122.05 on Friday. The firm has a fifty day moving average price of $112.05 and a two-hundred day moving average price of $74.24. Etsy Inc has a fifty-two week low of $29.95 and a fifty-two week high of $141.41. The company has a debt-to-equity ratio of 1.63, a current ratio of 4.27 and a quick ratio of 5.71. The company has a market cap of $15.36 billion, a PE ratio of 100.04, a price-to-earnings-growth ratio of 3.94 and a beta of 1.63.
Etsy (NASDAQ:ETSY) last released its earnings results on Wednesday, August 5th. The specialty retailer reported $0.75 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.39 by $0.36. Etsy had a net margin of 13.78% and a return on equity of 35.91%. Analysts expect that Etsy Inc will post 1.37 earnings per share for the current fiscal year.
A number of research firms recently commented on ETSY. Nomura Instinet boosted their target price on shares of Etsy from $66.00 to $82.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. BidaskClub lowered shares of Etsy from a “strong-buy” rating to a “buy” rating in a research note on Thursday. BTIG Research lowered Etsy from a “buy” rating to a “neutral” rating in a report on Sunday, April 19th. Goldman Sachs Group upped their price objective on shares of Etsy from $88.00 to $120.00 and gave the stock a “buy” rating in a report on Monday, June 22nd. They noted that the move was a valuation call. Finally, Deutsche Bank increased their target price on shares of Etsy from $86.00 to $156.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. One analyst has rated the stock with a sell rating, two have issued a hold rating and eighteen have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $125.36.
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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