A Director at Etsy Inc is Exercising Options

By Carrie Williams

Today it was reported that a Director at Etsy Inc (NASDAQ: ETSY), Michele Burns, exercised options to sell 45,000 ETSY shares at $10.36 a share, for a total transaction value of $2M.

In addition to Michele Burns, one other ETSY executive reported Sell trades in the last month.

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Based on Etsy Inc’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $132 million and quarterly net profit of $3.38 million. In comparison, last year the company earned revenue of $102 million and had a net profit of $11.65 million. ETSY’s market cap is $5.23B and the company has a P/E ratio of 62.47. Currently, Etsy Inc has an average volume of 3.92M.

Five different firms, including D.A. Davidson and Monness, currently also have a Sell rating on the stock. Based on 7 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $48.29, reflecting a -4.6% downside.

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Etsy, Inc. engages in the management of an online marketplace. It operates a technology platform which allows sellers to manage and scale their business. It offers handmade products such as shoes, clothing, bags, and accessories. It operates through the United States and International geographical segments.