Etsy, Inc. (NASDAQ:ETSY) Shares Acquired by MCF Advisors LLC

MCF Advisors LLC grew its stake in Etsy, Inc. (NASDAQ:ETSY) by 23,542.9% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 3,310 shares of the specialty retailer’s stock after acquiring an additional 3,296 shares during the period. MCF Advisors LLC’s holdings in Etsy were worth $227,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in the stock. CVA Family Office LLC acquired a new position in Etsy in the 4th quarter valued at about $27,000. Operose Advisors LLC purchased a new position in shares of Etsy in the third quarter valued at approximately $28,000. Sunbelt Securities Inc. grew its holdings in shares of Etsy by 3,900.0% in the first quarter. Sunbelt Securities Inc. now owns 440 shares of the specialty retailer’s stock valued at $30,000 after purchasing an additional 429 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of Etsy by 402.2% in the fourth quarter. EverSource Wealth Advisors LLC now owns 447 shares of the specialty retailer’s stock valued at $36,000 after purchasing an additional 358 shares in the last quarter. Finally, Tompkins Financial Corp purchased a new stake in Etsy during the 4th quarter worth approximately $41,000. 99.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. The Goldman Sachs Group decreased their price target on shares of Etsy from $80.00 to $70.00 and set a “neutral” rating for the company in a research report on Thursday, May 2nd. Needham & Company LLC lowered their target price on Etsy from $95.00 to $75.00 and set a “buy” rating for the company in a research note on Thursday, May 2nd. Morgan Stanley cut their price target on Etsy from $55.00 to $52.00 and set an “underweight” rating on the stock in a report on Thursday, May 2nd. BTIG Research decreased their price objective on Etsy from $87.00 to $78.00 and set a “buy” rating for the company in a research note on Thursday, May 2nd. Finally, B. Riley cut their target price on shares of Etsy from $91.00 to $83.00 and set a “buy” rating on the stock in a research note on Thursday, May 2nd. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, Etsy currently has a consensus rating of “Hold” and a consensus price target of $79.88.

Insider Activity at Etsy

In other Etsy news, insider Nicholas Daniel sold 750 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $66.01, for a total transaction of $49,507.50. Following the transaction, the insider now owns 19,682 shares in the company, valued at approximately $1,299,208.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Nicholas Daniel sold 750 shares of the company’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $66.01, for a total transaction of $49,507.50. Following the transaction, the insider now directly owns 19,682 shares of the company’s stock, valued at approximately $1,299,208.82. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Toni Thompson Nadal sold 1,444 shares of the stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $65.68, for a total transaction of $94,841.92. Following the completion of the transaction, the insider now owns 592 shares of the company’s stock, valued at approximately $38,882.56. The disclosure for this sale can be found here. Insiders sold a total of 3,865 shares of company stock worth $253,031 over the last 90 days. Company insiders own 2.60% of the company’s stock.

Etsy Price Performance

Shares of NASDAQ ETSY opened at $58.98 on Friday. The stock has a fifty day moving average price of $62.93 and a 200 day moving average price of $69.28. Etsy, Inc. has a 1-year low of $56.60 and a 1-year high of $102.81. The company has a market cap of $6.90 billion, a PE ratio of 26.93, a P/E/G ratio of 4.81 and a beta of 1.99.

Etsy (NASDAQ:ETSY) last released its earnings results on Wednesday, May 1st. The specialty retailer reported $0.48 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.01). Etsy had a negative return on equity of 67.27% and a net margin of 10.75%. The firm had revenue of $646.00 million during the quarter, compared to analyst estimates of $646.30 million. During the same quarter last year, the business posted $0.53 EPS. The firm’s revenue was up .8% on a year-over-year basis. Analysts anticipate that Etsy, Inc. will post 2.49 earnings per share for the current fiscal year.

Etsy Company Profile

Etsy, Inc, together with its subsidiaries, operates two-sided online marketplaces that connect buyers and sellers in the United States, the United Kingdom, Germany, Canada, Australia, and France. Its primary marketplace is Etsy.com that connects artisans and entrepreneurs with various consumers. The company also offers Reverb, a musical instrument marketplace; Depop, a fashion resale marketplace; and Elo7, a Brazil-based marketplace for handmade and unique items.