Etsy (NYSE:ETSY) Upgraded to Overweight at JPMorgan Chase & Co.

JPMorgan Chase & Co. upgraded shares of Etsy (NYSE:ETSY) from a neutral rating to an overweight rating in a research note published on Friday morning, MarketBeat reports. They currently have $100.00 target price on the stock, up from their previous target price of $85.00.

A number of other equities analysts also recently issued reports on ETSY. Evercore set a $83.00 price target on Etsy in a research note on Thursday. Needham & Company LLC increased their price target on shares of Etsy from $65.00 to $85.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Raymond James Financial raised their target price on shares of Etsy from $75.00 to $92.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 21st. Wall Street Zen cut Etsy from a “buy” rating to a “hold” rating in a report on Sunday, May 31st. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on Etsy from $74.00 to $75.00 and gave the stock a “hold” rating in a research report on Thursday, April 30th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, twenty have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $81.23.

Etsy Stock Performance

NYSE:ETSY opened at $85.45 on Friday. The firm has a 50-day simple moving average of $77.45 and a two-hundred day simple moving average of $63.70. The firm has a market cap of $8.11 billion, a P/E ratio of 47.74, a P/E/G ratio of 3.22 and a beta of 1.84. Etsy has a fifty-two week low of $44.00 and a fifty-two week high of $87.97.

Insiders Place Their Bets

In related news, CFO Charles Baker sold 1,564 shares of Etsy stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $85.88, for a total transaction of $134,316.32. Following the completion of the sale, the chief financial officer owned 11,357 shares of the company’s stock, valued at $975,339.16. The trade was a 12.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Josh Silverman sold 6,294 shares of the company’s stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $84.00, for a total transaction of $528,696.00. Following the completion of the sale, the insider directly owned 249,559 shares in the company, valued at approximately $20,962,956. The trade was a 2.46% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 596,310 shares of company stock worth $44,425,234 over the last quarter. Company insiders own 2.50% of the company’s stock.

Institutional Trading of Etsy

Institutional investors have recently bought and sold shares of the business. EFG International AG acquired a new stake in Etsy during the 4th quarter worth $33,000. Global Retirement Partners LLC acquired a new stake in Etsy during the second quarter worth $34,000. Blue Trust Inc. raised its holdings in Etsy by 19.3% in the 1st quarter. Blue Trust Inc. now owns 1,238 shares of the company’s stock valued at $62,000 after buying an additional 200 shares during the period. Danske Bank A S purchased a new stake in shares of Etsy in the 3rd quarter valued at approximately $66,000. Finally, Federation des caisses Desjardins du Quebec lifted its stake in Etsy by 22.8% during the fourth quarter. Federation des caisses Desjardins du Quebec now owns 1,210 shares of the company’s stock worth $67,000 after purchasing an additional 225 shares in the last quarter. 99.53% of the stock is owned by institutional investors and hedge funds.

Key Etsy News

Here are the key news stories impacting Etsy this week:

• Positive Sentiment: Q2 earnings beat expectations: Etsy reported approximately $668.3 million in revenue and adjusted earnings of $1.34 per share, exceeding consensus estimates of $646.1 million and $1.17, respectively. Strength in gross merchandise sales (GMS), Etsy Ads and operating leverage helped drive the results. Etsy Q2 Earnings Beat on GMS and Ads Strength
• Positive Sentiment: Growth and guidance improved: Standalone Etsy GMS growth accelerated to 7.5% year over year, supported by higher order values, increased active buyers, mobile momentum and better buyer retention. Management raised its 2026 growth outlook as search, personalization and marketing initiatives gain traction. Etsy Q2 Earnings Call Lifts Outlook
• Positive Sentiment: Analyst optimism increased: JPMorgan upgraded Etsy to “overweight” and raised its price target to $100, while Needham also lifted its target to $100 with a “buy” rating. The targets reflect expectations that Etsy’s turnaround may continue. JPMorgan Upgrades Etsy
• Positive Sentiment: Large buyback authorized: Etsy approved an additional $2 billion share-repurchase program, which could support earnings per share and return capital to shareholders. Etsy Workforce Reduction and Buyback
• Neutral Sentiment: Analyst views remain mixed: Piper Sandler, Wells Fargo and Cantor Fitzgerald raised price targets but retained neutral or underweight ratings, suggesting that some analysts believe the recent gains already reflect much of the improvement.
• Negative Sentiment: Restructuring and insider sales create risks: Etsy plans to cut about 220 jobs, or 12% of its workforce, to simplify operations and accelerate execution. The CFO and executive chair also sold shares under pre-arranged Rule 10b5-1 plans, which may weigh on sentiment despite having limited predictive value. Etsy Layoffs Amid Restructuring

Etsy Company Profile

Etsy, Inc operates two-sided online marketplaces that connect buyers and sellers primarily in the United States, the United Kingdom, Germany, Canada, Australia, France, and India. 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. In addition, it offers various seller services, including Etsy Payments, a payment processing service; Etsy Ads, an advertising platform; and Shipping Labels, which allows sellers in the United States, Canada, the United Kingdom, Australia, and India to purchase discounted shipping labels.