Here is the rundown on market activity for Etsy, Inc. (NASDAQ:ETSY). Kristina Salen, CFO disclosed the sale of 156,839 shares of ETSY stock. The shares were sold on September 21st for an average price of $15.00. The CFO now owns $26,130 of the stock according to the SEC filing. General Counsel and Secretary Jordan J. Breslow sold 1,868 shares at an average price of $13.59 on August 5th. That brings the General Counsel and Secretary’s holdings to $0 per an SEC filing yesterday.
CTO John Allspaw sold 206,312 shares at a price of $10.00 on Tue the 21st. The CTO now owns $22,290 of the stock as reported to the SEC.
Here are a few other firms who have also updated their positions. Schwab Charles Investment Management Inc expanded its holdings by buying 127,967 shares an increase of 221.2% as of 06/30/2016. Schwab Charles Investment Management Inc now controls 185,806 shares valued at $1,782,000. The value of the position overall is up by 272.8%. Metropolitan Life Insurance Co/ny grew its position by buying 59,150 shares an increase of 332.9%. Metropolitan Life Insurance Co/ny currently owns 76,917 shares worth $738,000. The total value of its holdings increased 402.0%.
Legal & General Group Plc added to its investment by buying 10,446 shares an increase of 1,829.4% in the quarter. Legal & General Group Plc claims 11,017 shares with a value of $104,000. The total value of its holdings increased 1,980.0%. Price T Rowe Associates Inc /md/ bolstered its ownership by buying 1,778,841 shares an increase of 17.2% from 03/31/2016 to 06/30/2016. Price T Rowe Associates Inc /md/ controls 12,109,402 shares valued at $116,129,000. The value of the position overall is up by 29.2%.
September 26 investment analysts at Maxim Group held the company rating at “Buy” but moved up the price target from $12.00 to $17.00. On September 21, 2016 the stock rating was set at “Buy” by Monness Crespi Hardt a boost from the previous “Neutral” rating.
On September 13 analysts at Loop Capital started coverage by announcing an initial rating of “Hold” and a price target of $14.00. Equity analyst Citigroup started covering ETSY setting a rating of “Buy” and projecting a price target of $14.00.
Maxim Group initiated coverage on ETSY with a rating of “Buy” and setting a price target of $12.00. On March 10, 2016 RBC Capital issued its first research report on the stock giving it an initial rating of “Buy” and establishing a price target of $10.00.
In the market the company is trading down by -0.81% since yesterday’s close of $14.82. The stock is trading at $14.70 which is marginally higher than $13.97, the stock’s 50 day moving average and a tad above the 200 day moving average of $10.50. The 50 day moving average went up $0.73 or +5.20% whereas the 200 day moving average was up $4.20 or +40.00%.
As of the last earnings report the EPS was $-0.15 and is expected to be $-0.06 for the current year with 111,000,000 shares currently outstanding. Analysts expect next quarter’s EPS will be $0.02 with next year’s EPS projected to be $0.16.
Investors are more bearish on the company recently if you watch the increase in short interest. The stock had a rise in short interest of 0.07% as of September 15, 2016 from the last reporting period. Short interest grew 297,319 over that period. With short interest at 4,494,373 and short average daily volume at 914,044, days to cover is 0.0 and the percentage of shorted shares is 0.04% as of September 15.