<div id="readability-page-1"><p>Etsy (NASDAQ:ETSY - Get Free Report) declared that its board has approved a share buyback program on Thursday, December 18th, RTT News reports. The company plans to repurchase $750.00 million in    shares. This repurchase authorization authorizes the specialty retailer to buy up to 14.2% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company's board of directors believes its shares are undervalued.</p><h2>Etsy Price Performance</h2><ul><li>3 Heavily Shorted Stocks That Could Pop on Rate Cuts</li></ul><p>NASDAQ:ETSY traded up $0.83 during trading hours on Thursday, hitting $53.69. The company had a trading volume of 4,498,490 shares, compared to its average volume of 4,899,682. The stock has a 50-day moving average price of $60.31 and a 200 day moving average price of $59.99. The company has a market capitalization of $5.30 billion, a PE ratio of 43.30, a price-to-earnings-growth ratio of 10.65 and a beta of 1.76. Etsy has a 52 week low of $40.05 and a 52 week high of $76.51. </p><p>Etsy (NASDAQ:ETSY - Get Free Report) last announced its earnings results on Wednesday, October 29th. The specialty retailer reported $0.63 earnings per share for the quarter, beating analysts' consensus estimates of $0.57 by $0.06. Etsy had a net margin of 5.78% and a negative return on equity of 31.10%. The firm had revenue of $678.03 million for the quarter, compared to analyst estimates of $655.83 million. During the same quarter in the previous year, the firm posted $0.45 EPS. The company's revenue for the quarter was up 2.4% compared to the same quarter last year.  Analysts anticipate that  Etsy will post 2.57 EPS for the current fiscal year. </p><h2>Analysts Set New Price Targets</h2><ul><li>These 5 Beaten-Down Tech Stocks Could Catch Fire Next</li></ul><p>A number of research firms have recently issued reports on ETSY. Canaccord Genuity Group lifted their price objective on shares of Etsy from $76.00 to $80.00 and gave the stock a &#34;buy&#34; rating in a report on Thursday, October 30th. Deutsche Bank Aktiengesellschaft  reaffirmed a &#34;hold&#34; rating and set a $72.00 price target on shares of Etsy in a research note on Thursday, October 23rd. Wells Fargo &amp; Company reduced their price objective on Etsy from $58.00 to $52.00 and set an &#34;underweight&#34; rating on the stock in a research report on Thursday, October 30th. Raymond James Financial  reissued an &#34;outperform&#34; rating and set a $78.00 price objective (down from $80.00) on shares of Etsy in a report on Thursday, October 30th. Finally, The Goldman Sachs Group boosted their target price on Etsy from $48.00 to $57.00 and gave the stock a &#34;sell&#34; rating in a research report on Thursday, October 30th. One equities research analyst  has rated the stock with a Strong Buy rating, seven have assigned  a Buy rating, nineteen have issued  a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, Etsy presently has an average rating of &#34;Hold&#34; and a consensus target price of $64.46.</p><p><b>Read Our Latest Analysis on Etsy</b></p><h2>Insider Activity</h2><ul><li>3 Stocks Using Buybacks to Drive Sustainable Price Growth</li></ul><p>In other news, CEO Josh Silverman sold 150,000 shares of the stock in a transaction that occurred on Monday, September 29th. The stock was sold at an average price of $72.50, for a total value of $10,875,000.00. Following the completion of the transaction, the chief executive officer owned 62,674 shares of the company's stock, valued at approximately $4,543,865. This represents a 70.53% decrease in their position. The sale was disclosed in a legal filing with the Securities &amp; Exchange Commission, which is accessible through the SEC website. Also, insider Goyal Kruti Patel sold 7,685 shares of the firm's stock in a transaction that occurred on Friday, October 3rd. The shares were sold at an average price of $75.01, for a total value of $576,451.85. Following the completion of the transaction, the insider owned 54,840 shares of the company's stock, valued at approximately $4,113,548.40. The trade was a 12.29% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 241,105 shares of company stock worth $16,594,854. Company insiders own  2.80% of the company's stock. </p><h2>About Etsy</h2> Get Free Report)<p>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.</p><h2>Featured Stories</h2><ul><li>Five stocks we like better than Etsy</li><li>Top Stocks Investing in 5G Technology</li><li>Broadcom Stock Crashes 20%—But Wall Street Sees It Soaring to $500</li><li>Using the MarketBeat Dividend Yield Calculator</li><li>Forget the Chips: 4 Industrial Plays for the AI Rebound</li><li>About the Markup Calculator</li><li>MongoDB Could Hit Record Highs—But You’ll Need to Move Fast</li></ul><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Etsy Right Now?</h2><p>Before you consider Etsy, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Etsy wasn't on the list.</p><p>While Etsy currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

ETSY

<p>Etsy's board has authorized a $750 million stock buyback program, allowing the company to repurchase up to 14.2% of its shares. This move suggests the board believes the stock is undervalued. Etsy's recent earnings beat estimates, and analysts have mixed ratings on the stock. Insider sales have occurred, with significant shares sold by the CEO and other insiders.</p>

Etsy (NASDAQ:ETSY) Board Authorizes Stock Buyback Plan