Etsy, Inc. (NASDAQ:ETSY) CEO Josh Silverman bought 64,000 shares of Etsy stock in a transaction on Tuesday, August 8th. The stock was acquired at an average cost of $15.67 per share, with a total value of $1,002,880.00. Following the acquisition, the chief executive officer now owns 64,000 shares in the company, valued at approximately $1,002,880. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Shares of Etsy, Inc. (NASDAQ:ETSY) traded up 0.32% during mid-day trading on Thursday, hitting $15.90. The company had a trading volume of 3,342,981 shares. Etsy, Inc. has a 1-year low of $9.41 and a 1-year high of $16.05. The company has a 50-day moving average price of $14.83 and a 200-day moving average price of $12.56. The company’s market capitalization is $1.76 billion.

Etsy (NASDAQ:ETSY) last issued its quarterly earnings results on Thursday, August 3rd. The specialty retailer reported $0.10 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.04 by $0.06. The firm had revenue of $101.70 million for the quarter, compared to analyst estimates of $101.14 million. Etsy had a negative net margin of 3.16% and a positive return on equity of 3.83%. Etsy’s quarterly revenue was up 19.2% compared to the same quarter last year. During the same period last year, the company posted ($0.06) EPS. On average, equities analysts anticipate that Etsy, Inc. will post $0.28 EPS for the current year.

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A number of analysts have commented on the company. BidaskClub raised Etsy from a “buy” rating to a “strong-buy” rating in a report on Tuesday, June 27th. Stifel Nicolaus reissued a “hold” rating and issued a $13.00 target price on shares of Etsy in a report on Friday, June 23rd. Royal Bank Of Canada reissued a “hold” rating and issued a $12.00 target price on shares of Etsy in a report on Friday, June 30th. Zacks Investment Research raised Etsy from a “hold” rating to a “buy” rating and set a $17.00 target price for the company in a report on Tuesday, July 4th. Finally, Roth Capital set a $14.00 target price on Etsy and gave the stock a “hold” rating in a report on Thursday, June 22nd. Eleven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Etsy currently has a consensus rating of “Hold” and an average target price of $14.33.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP bought a new position in shares of Etsy during the fourth quarter worth $957,000. Guggenheim Capital LLC bought a new position in shares of Etsy during the fourth quarter worth $401,000. AQR Capital Management LLC bought a new position in shares of Etsy during the fourth quarter worth $343,000. Teachers Advisors LLC raised its position in shares of Etsy by 8.8% in the fourth quarter. Teachers Advisors LLC now owns 906,056 shares of the specialty retailer’s stock worth $10,673,000 after buying an additional 73,050 shares in the last quarter. Finally, Creative Planning raised its position in shares of Etsy by 77.4% in the first quarter. Creative Planning now owns 12,053 shares of the specialty retailer’s stock worth $128,000 after buying an additional 5,258 shares in the last quarter. 69.59% of the stock is currently owned by hedge funds and other institutional investors.

About Etsy

Etsy, Inc (Etsy) operates a marketplace where people around the world connect, both online and offline, to make, sell and buy goods. The Company offers a range of seller services and tools that help entrepreneurs start, grow and manage their businesses. The Company’s community includes Etsy sellers, Etsy buyers, Etsy employees, its partners and investors.

Insider Buying and Selling by Quarter for Etsy (NASDAQ:ETSY)

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