Etsy Inc’s recent filing unveils that its CHIEF ACCOUNTING OFFICER Buckley Merilee unloaded Company’s shares for reported $0.11 million on Apr 03 ’24. In the deal valued at $65.04 per share,1,671 shares were sold. As a result of this transaction, Buckley Merilee now holds 2,827 shares worth roughly $0.18 million.
Then, Daniel Nicholas sold 750 shares, generating $49,504 in total proceeds. Upon selling the shares at $66.01, the CHIEF PRODUCT OFFICER now owns 19,682 shares.
Before that, Silverman Josh sold 63,047 shares. Etsy Inc shares valued at $4,570,908 were divested by the PRESIDENT & CEO at a price of $72.50 per share. As a result of the transaction, Silverman Josh now holds 23,140 shares, worth roughly $1.5 million.
BTIG Research reiterated its Etsy Inc [ETSY] rating to a Buy in a research note published on February 22, 2024; the price target was $87. A number of analysts have revised their coverage, including Goldman’s analysts, who decreased its forecast for the stock in early January from “a Buy” to “a Neutral”. Wolfe Research also remained covering ETSY and reiterated its “an Outperform” recommendation on December 14, 2023. Wedbush maintained its rating on December 14, 2023. It rated ETSY as “a Neutral”.
Price Performance Review of ETSY
On Friday, Etsy Inc [NASDAQ:ETSY] saw its stock fall -0.88% to $64.98. Over the last five days, the stock has lost -5.44%. Etsy Inc shares have fallen nearly -19.83% since the year began. Nevertheless, the stocks have fallen -40.73% over the past one year. While a 52-week high of $108.80 was reached on 01/02/24, a 52-week low of $58.20 was recorded on 04/02/24. SMA at 50 days reached $70.67, while 200 days put it at $74.42. A total of 2.59 million shares were traded, compared to the trading of 3.89 million shares in the previous session.
Levels Of Support And Resistance For ETSY Stock
The 24-hour chart illustrates a support level at 64.44, which if violated will result in even more drops to 63.90. On the upside, there is a resistance level at 65.51. A further resistance level may holdings at 66.04. The Relative Strength Index (RSI) on the 14-day chart is 39.69, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.37, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 91.57%. Stochastics %K at 11.94% 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 Mar 15, 2024, growing by 0.95 million shares to a total of 15.56 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 14.61 million shares. There was a rise of 6.11%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 15.00% of the overall stock float, the days-to-cover ratio (short ratio) rose to 3.59.
The most recent change occurred on December 08, 2023 when B. Riley Securities began covering the stock and recommended ‘”a Buy”‘ rating along with a $100 price target.
