Etsy (NYSE:ETSY) Insider Sells $105,464.30 in Stock

Etsy Inc (NYSE:ETSY) insider Josh Silverman sold 1,189 shares of the company’s stock in a transaction that occurred on Friday, October 30th. The shares were sold at an average price of $88.70, for a total transaction of $105,464.30. Following the completion of the transaction, the insider owned 262,617 shares of the company’s stock, valued at approximately $23,294,127.90. This trade represents a 0.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Josh Silverman also recently made the following trade(s):

• On Monday, November 2nd, Josh Silverman sold 41,500 shares of Etsy stock. The shares were sold at an average price of $92.13, for a total value of $3,823,395.00.
• On Thursday, October 15th, Josh Silverman sold 417 shares of Etsy stock. The shares were sold at an average price of $84.47, for a total transaction of $35,223.99.
• On Tuesday, October 13th, Josh Silverman sold 714 shares of Etsy stock. The shares were sold at an average price of $79.00, for a total value of $56,406.00.
• On Thursday, October 8th, Josh Silverman sold 383 shares of Etsy stock. The shares were sold at an average price of $74.00, for a total value of $28,342.00.
• On Thursday, October 1st, Josh Silverman sold 2,090 shares of Etsy stock. The shares were sold at an average price of $72.45, for a total value of $151,420.50.
• On Tuesday, September 1st, Josh Silverman sold 11,696 shares of Etsy stock. The shares were sold at an average price of $81.85, for a total transaction of $957,317.60.
• On Thursday, September 3rd, Josh Silverman sold 1,671 shares of Etsy stock. The stock was sold at an average price of $84.00, for a total value of $140,364.00.
• On Tuesday, August 4th, Josh Silverman sold 6,294 shares of Etsy stock. The stock was sold at an average price of $84.00, for a total value of $528,696.00.

Etsy Stock Performance

Shares of Etsy stock opened at $96.42 on Thursday. The company has a 50-day simple moving average of $79.28 and a two-hundred day simple moving average of $68.67. The company has a market capitalization of $8.31 billion, a PE ratio of 22.35, a P/E/G ratio of 1.91 and a beta of 1.76. Etsy Inc has a one year low of $44.00 and a one year high of $97.85.

Etsy (NYSE:ETSY) last released its quarterly earnings results on Wednesday, October 28th. The company reported $7.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.76 by $6.55. The business had revenue of $692.47 million during the quarter, compared to analysts’ expectations of $669.04 million. Etsy had a negative return on equity of 43.65% and a net margin of 34.36%. The company’s revenue was up 10.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.63 EPS. On average, equities analysts predict that Etsy Inc will post 4.31 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Lido Advisors LLC purchased a new position in Etsy during the third quarter valued at approximately $286,000. AlphaCore Capital LLC grew its position in Etsy by 26.7% during the 3rd quarter. AlphaCore Capital LLC now owns 4,652 shares of the company’s stock worth $333,000 after purchasing an additional 980 shares during the last quarter. Fulcrum Asset Management LLP purchased a new stake in shares of Etsy in the 3rd quarter valued at $98,000. Ethic Inc. purchased a new position in Etsy in the third quarter valued at $270,000. Finally, Pictet Asset Management Holding SA increased its stake in shares of Etsy by 4.8% during the third quarter. Pictet Asset Management Holding SA now owns 13,405 shares of the company’s stock worth $958,000 after purchasing an additional 613 shares in the last quarter. 99.53% of the stock is currently owned by hedge funds and other institutional investors.

Etsy News Roundup

Here are the key news stories impacting Etsy this week:

• Positive Sentiment: Etsy’s Q3 results and management commentary pointed to a potential turnaround: gross merchandise sales grew 8.8%, buyer trends improved, and revenue rose 10.9% year over year to $692.5 million, beating expectations. Management highlighted AI-powered personalization and expects stronger sales in the holiday quarter. Etsy Q3 Earnings Call Highlights Growth and AI Priorities
• Positive Sentiment: A comparison of e-commerce stocks noted Etsy’s substantial year-to-date gains while Shopify has lagged. The contrast may bolster Etsy’s relative appeal, though the article raises the question of whether investors have favored the right company. Etsy Is Up 66% This Year. Shopify Is Down 9%. Did Investors Pick the Wrong E-Commerce Stock?
• Neutral Sentiment: Coverage of Etsy’s Q3 performance highlighted AI-driven personalization and its differentiated marketplace as growth opportunities. The strategy’s effect on longer-term results remains to be seen. ETSY Q3 deep dive: AI-driven personalization and marketplace differentiation propel growth
• Negative Sentiment: CEO Josh Silverman disclosed sales of Etsy shares, including 41,500 shares on Nov. 2, and directors Frederick Wilson and Marla Blow also reportedly sold shares. Insider sales can weigh on sentiment, although they do not necessarily signal a change in business outlook. Etsy Insider Josh Silverman Sells Shares
• Negative Sentiment: Commentary warns that AI-generated products could undermine Etsy’s promise of unique, handmade goods if they dilute product differentiation or seller trust. Etsy is tightening AI rules, but enforcement and its impact on the marketplace remain concerns. AI is just the newest threat to Etsy’s handmade promise

Wall Street Analysts Forecast Growth

ETSY has been the subject of several research analyst reports. Raymond James Financial upped their price objective on Etsy from $75.00 to $92.00 and gave the company an “outperform” rating in a report on Tuesday, July 21st. Truist Financial lifted their price objective on Etsy from $90.00 to $106.00 and gave the company a “buy” rating in a research report on Wednesday, October 28th. Arete Research downgraded Etsy from a “buy” rating to a “neutral” rating and set a $81.00 price objective for the company. in a report on Thursday, September 24th. Weiss Ratings raised Etsy from a “hold (c)” rating to a “buy (b-)” rating in a research report on Friday, October 30th. Finally, Seaport Research Partners upgraded shares of Etsy to a “buy” rating in a research report on Thursday, August 20th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, sixteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $94.07.

Etsy Company Profile

Etsy, Inc operates an online marketplace that connects independent sellers with consumers seeking unique and creative goods. Its marketplace features products such as handmade items, personalized gifts, vintage merchandise, home décor, jewelry, clothing, craft supplies and other goods made, designed, selected or sourced by individual sellers and small businesses.

The company provides tools and services that support marketplace activity, including seller storefronts, search and discovery features, payment processing, advertising, shipping assistance and customer support.