Etsy Inc (NYSE:ETSY) Stock Has Consensus Price Target of $86.21 According to Brokerages

Shares of Etsy Inc (NYSE:ETSY) have earned an average rating of “Hold” from the thirty-five ratings firms that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, eighteen have assigned a hold recommendation, fourteen have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $86.21.

Several research analysts recently issued reports on ETSY shares. UBS Group increased their price target on shares of Etsy from $74.00 to $86.00 and gave the stock a “neutral” rating in a report on Friday, August 7th. Wells Fargo & Company lifted their price objective on Etsy from $61.00 to $76.00 and gave the company an “underweight” rating in a report on Friday, August 7th. Bank of America upgraded Etsy from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $88.00 to $95.00 in a research report on Thursday, August 20th. President Capital raised Etsy from a “neutral” rating to a “buy” rating and increased their target price for the stock from $57.00 to $91.00 in a research note on Thursday, June 25th. Finally, Raymond James Financial raised their price target on Etsy from $75.00 to $92.00 and gave the company an “outperform” rating in a report on Tuesday, July 21st.

Insiders Place Their Bets

In other Etsy news, insider Richard Colburn, III sold 8,252 shares of the business’s stock in a transaction on Monday, August 10th. The shares were sold at an average price of $82.09, for a total transaction of $677,406.68. Following the sale, the insider directly owned 6,503 shares in the company, valued at approximately $533,831.27. The trade was a 55.93% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Charles Ballard sold 4,500 shares of the company’s stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of $81.85, for a total transaction of $368,325.00. Following the transaction, the director directly owned 4,239 shares in the company, valued at approximately $346,962.15. This trade represents a 51.49% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 126,661 shares of company stock worth $10,389,687. 2.50% of the stock is owned by insiders.

Institutional Trading of Etsy

Several hedge funds and other institutional investors have recently made changes to their positions in ETSY. GAMMA Investing LLC increased its holdings in Etsy by 18.9% in the third quarter. GAMMA Investing LLC now owns 4,518 shares of the company’s stock valued at $323,000 after buying an additional 718 shares in the last quarter. Farther Finance Advisors LLC increased its stake in Etsy by 57.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 4,844 shares of the company’s stock valued at $346,000 after purchasing an additional 1,765 shares in the last quarter. Sequoia Financial Advisors LLC raised its holdings in Etsy by 10.3% during the second quarter. Sequoia Financial Advisors LLC now owns 4,584 shares of the company’s stock worth $345,000 after purchasing an additional 429 shares during the last quarter. Engineers Gate Manager LP raised its holdings in Etsy by 56.2% during the second quarter. Engineers Gate Manager LP now owns 77,568 shares of the company’s stock worth $5,843,000 after purchasing an additional 27,908 shares during the last quarter. Finally, Baird Financial Group Inc. purchased a new stake in Etsy during the second quarter worth $226,000. Institutional investors and hedge funds own 99.53% of the company’s stock.

Etsy News Summary

Here are the key news stories impacting Etsy this week:

• Positive Sentiment: Consumer-focused articles continue to highlight Etsy’s unusual, personalized, and handmade products, reinforcing the platform’s appeal and potentially supporting buyer traffic and seller activity. However, these features are not material financial announcements. Etsy product feature
• Neutral Sentiment: New guides showing prospective merchants how to open Etsy shops and create products could encourage seller participation, but they do not represent a direct change to Etsy’s financial outlook. Guide to opening an Etsy shop
• Negative Sentiment: Artists are reportedly criticizing Etsy for becoming crowded with AI-generated and copied designs. A separate dispute involving allegedly stolen Disney-related AI designs adds to concerns about counterfeit goods, marketplace quality, brand trust, and Etsy’s ability to enforce its creative-content standards. These issues could hurt seller retention and customer confidence if they persist. Artists criticize AI and copied works on Etsy Disney design dispute
• Negative Sentiment: Zacks Research downgraded Etsy from “strong buy” to “hold,” potentially weighing on investor confidence and signaling less near-term upside. Zacks downgrades Etsy
• Negative Sentiment: Chief Accounting Officer Merilee Buckley sold 1,396 shares, while insider Richard Edward Colburn III sold 4,472 shares. Both transactions were made under pre-arranged Rule 10b5-1 plans, reducing their value as discretionary bearish signals, but the sales may still create modest pressure on sentiment. Etsy insider sales

Etsy Trading Up 5.0%

NYSE:ETSY opened at $75.08 on Tuesday. Etsy has a 12-month low of $44.00 and a 12-month high of $87.97. The stock’s 50 day simple moving average is $77.30 and its 200-day simple moving average is $70.74. The firm has a market cap of $7.12 billion, a P/E ratio of 41.94, a PEG ratio of 1.78 and a beta of 1.86.

Etsy (NYSE:ETSY) last issued its quarterly earnings results on Wednesday, August 5th. The company reported ($0.49) earnings per share for the quarter, missing the consensus estimate of $0.75 by ($1.24). The company had revenue of $668.31 million for the quarter, compared to analyst estimates of $646.10 million. Etsy had a negative return on equity of 34.18% and a net margin of 7.32%.Etsy’s revenue for the quarter was down .7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.25 earnings per share. Research analysts forecast that Etsy will post 3.94 EPS for the current fiscal year.

About Etsy

Etsy, Inc operates a global online marketplace focused on unique and creative goods. Its platform connects buyers with independent sellers offering handmade products, vintage items, craft supplies, personalized merchandise, home décor, jewelry, clothing, and other specialty goods.

The company generates revenue primarily through marketplace services, including seller listing and transaction fees, payment processing, advertising, and other seller-focused services. Etsy also provides tools intended to help independent merchants manage their shops, market products, process orders, and reach customers.

Founded in 2005 and headquartered in Brooklyn, New York, Etsy serves buyers and sellers in numerous countries.