Etsy Inc.’s filing revealed that its President & CEO Silverman Josh unloaded Company’s shares for reported $0.68 million on Sep 13. In the deal valued at $64.77 per share,10,425 shares were sold. As a result of this transaction, Silverman Josh now holds 14,674 shares worth roughly $ 0.94 million.
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Then, Silverman Josh sold 10,425 shares, generating $774,492 in total proceeds. Upon selling the shares at $74.29, the President & CEO now owns 14,674 shares.
Before that, Blow Marla J sold 600 shares. Etsy Inc. shares valued at $43,866 were divested by the Director at a price of $73.11 per share. As a result of the transaction, Blow Marla J now holds 3,289 shares, worth roughly $0.21 million.
Wolfe Research upgraded its Etsy Inc. [ETSY] rating to an Outperform from a a Peer perform in a research note published on Monday. PT values the company’s stock at a premium of 36.15 to its Monday closing price.
Price Performance Review of ETSY
On Monday, Etsy Inc. [NASDAQ:ETSY] saw its stock fall -1.68% to $63.85. On the same session, the stock had its day’s lowest price of $63.63, but rose to a high of $64.82. Over the last five days, the stock has lost -1.50%. Etsy Inc. shares have fallen nearly -46.69% since the year began. Nevertheless, the stocks have fallen -43.17% over the past one year. While a 52-week high of $149.91 was reached on 02/03/23, a 52-week low of $63.51 was recorded on 09/13/23. SMA at 50 days reached $81.14, while 200 days put it at $103.87. A total of 3.37 million shares were traded, compared to the trading of 6.55 million shares in the previous session.
Levels Of Support And Resistance For ETSY Stock
The 24-hour chart illustrates a support level at 63.38, which if violated will result in even more drops to 62.91. On the upside, there is a resistance level at 64.57. A further resistance level may holdings at 65.29. The Relative Strength Index (RSI) on the 14-day chart is 28.15, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -4.01, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 97.20%. Stochastics %K at 13.55% indicates the stock is a buying.
How much short interest is there in Etsy Inc.?
A steep rise in short interest was recorded in Etsy Inc. stocks on Aug 30, 2023, dropping by -1.81 million shares to a total of 8.61 million shares. Yahoo Finance data shows the prior-month short interest on Jul 30, 2023 was 10.42 million shares. There was a decline of -21.02%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 7.95% of the overall stock float, the days-to-cover ratio (short ratio) fell to 2.54.
Etsy Inc. [ETSY] – Who Are The Largest Shareholders?
In filings from The Vanguard Group, Inc., it is revealed that the company now owns 13,210,094 shares, or roughly 10.74% of the outstanding ETSY shares. In other words, the investor’s shares have fallen by -195,740 from its previous 13-F filing of 13405834.0. Additionally, Capital Research & Management Co increased 21.42% of its stake after which the total value it holdings stand at $590,160,148, while BlackRock Fund Advisors reduced -1.65% of its stake to hold $451.74 million in the firm. Over the last quarter, SSgA Funds Management, Inc. purchased 139,351 shares of Etsy Inc., while Wellington Management Co. LLP bought -4,155,166 shares. At present, ClearBridge Investments LLC is holding 3,119,007 shares valued at $229.47 million. Fidelity Management & Research Co owned 3,041,888 shares of the company at the time of its most recent 13F filing, worth $223.79 million.
According to FactSet, Etsy Inc.’s share price will average $108.00 in the next year, based on opinions of analysts polled by the firm. This is up nearly 61.69 percent from its previous closing price of $64.94. Analysts expect Etsy Inc. stock to reach the higher price of $170.00, while the lowest price estimate is $46.00. However, 32 analysts have rated ETSY stock as an Overweight in their predictions for 2023.