Etsy (NASDAQ:ETSY – Get Free Report) released its quarterly earnings data on Wednesday. The specialty retailer reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.01), Briefing.com reports. Etsy had a net margin of 11.19% and a negative return on equity of 70.75%. The company had revenue of $646.00 million for the quarter, compared to analysts’ expectations of $646.30 million. During the same quarter in the previous year, the business posted $0.53 EPS. The business’s quarterly revenue was up .8% on a year-over-year basis.
Etsy Stock Down 15.1 %
Shares of Etsy stock traded down $10.50 on Thursday, hitting $59.24. 19,852,350 shares of the company were exchanged, compared to its average volume of 3,867,854. The stock has a market capitalization of $6.93 billion, a price-to-earnings ratio of 26.35, a price-to-earnings-growth ratio of 4.81 and a beta of 2.00. The company has a 50-day moving average price of $68.28 and a 200 day moving average price of $71.65. Etsy has a 1-year low of $56.60 and a 1-year high of $102.81.
Insider Transactions at Etsy
In related news, CAO Merilee Buckley sold 1,671 shares of the company’s stock in a transaction that occurred on Wednesday, April 3rd. The stock was sold at an average price of $65.04, for a total value of $108,681.84. Following the transaction, the chief accounting officer now directly owns 2,827 shares in the company, valued at $183,868.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, insider Nicholas Daniel sold 750 shares of the company’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 value of $49,507.50. Following the transaction, the insider now directly owns 19,682 shares in the company, valued at $1,299,208.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Merilee Buckley sold 1,671 shares of the company’s stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of $65.04, for a total value of $108,681.84. Following the completion of the transaction, the chief accounting officer now owns 2,827 shares in the company, valued at $183,868.08. The disclosure for this sale can be found here. Insiders have sold a total of 66,968 shares of company stock worth $4,836,827 in the last ninety days. Insiders own 2.60% of the company’s stock.
Analyst Ratings Changes
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.
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