Richard Edward Colburn III Sells 4,776 Shares of Etsy (NYSE:ETSY) Stock

Etsy Inc (NYSE:ETSY) insider Richard Edward Colburn III sold 4,776 shares of the stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $65.09, for a total value of $310,869.84. Following the transaction, the insider directly owned 6,503 shares of the company’s stock, valued at $423,280.27. The trade was a 42.34% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Etsy Price Performance

Shares of NYSE:ETSY opened at $64.88 on Thursday. The stock has a 50 day moving average price of $55.94. The firm has a market capitalization of $6.16 billion, a price-to-earnings ratio of 27.03, a PEG ratio of 5.61 and a beta of 1.89. Etsy Inc has a 1 year low of $44.00 and a 1 year high of $76.51.

Etsy (NYSE:ETSY) last posted its quarterly earnings data on Thursday, February 19th. The company reported $0.92 EPS for the quarter, beating the consensus estimate of $0.88 by $0.04. The firm had revenue of $881.64 million during the quarter. Etsy had a negative return on equity of 28.60% and a net margin of 9.94%. On average, analysts forecast that Etsy Inc will post 3.74 earnings per share for the current year.

Key Etsy News

Here are the key news stories impacting Etsy this week:

• Positive Sentiment: Q1 beat and return to profitability — Etsy reported stronger-than-expected Q1 revenue with active buyers rising and a swing back to net income, supporting the narrative that marketplace fundamentals are recovering. Etsy posts Q1 revenue beat as active buyers grow again
• Positive Sentiment: AI distribution push — Etsy launched a native app in ChatGPT (beta) and is piloting conversational search, opening a large new discovery channel for its >100M listings that could lift conversion and GMV over time. Etsy launches its app within ChatGPT as it continues its AI push
• Positive Sentiment: Portfolio & capital-return moves — Continued share buybacks and the planned Depop sale are being framed as simplification that could improve margins and valuation. Etsy (ETSY) Valuation Check As Q1 Turnaround And Depop Sale Plan Lift Investor Confidence
• Neutral Sentiment: Seller automation & tooling — Etsy is rolling out AI tools and automation for sellers (listing optimization, mockup bundles) which should improve supply-side efficiency, but near-term GMV impact is uncertain. Etsy sellers adopt automation to streamline shop operations
• Neutral Sentiment: Press/lifestyle coverage — Multiple consumer and how-to pieces (SEO, product roundups) raise visibility and may incrementally drive traffic but are unlikely to move fundamentals alone. Just 28 Fun Products From Etsy To Buy Yourself
• Negative Sentiment: Insider selling — Several insiders (including CEO under a 10b5?1 plan and the CFO) recently sold material blocks of shares; filings say some sales were tax-related or pre-planned, but the volume can unsettle investors. Etsy (NYSE:ETSY) CFO Charles Baker Sells 2,030 Shares
• Negative Sentiment: Reputational/policy risk — Reports that a company fur ban may disproportionately impact Indigenous sellers create potential reputational and regulatory risk that could lead to seller pushback. Alaska Native artists say Etsy’s new fur ban discriminates against indigenous sellers

Hedge Funds Weigh In On Etsy

A number of hedge funds have recently modified their holdings of the business. EFG International AG purchased a new stake in Etsy in the 4th quarter valued at about $33,000. Abich Financial Wealth Management LLC purchased a new position in Etsy during the third quarter worth about $51,000. Blue Trust Inc. increased its position in shares of Etsy by 19.3% during the first quarter. Blue Trust Inc. now owns 1,238 shares of the company’s stock valued at $62,000 after acquiring an additional 200 shares during the last quarter. Danske Bank A S acquired a new stake in shares of Etsy during the third quarter valued at about $66,000. Finally, Federation des caisses Desjardins du Quebec raised its stake in shares of Etsy by 22.8% in the 4th quarter. Federation des caisses Desjardins du Quebec now owns 1,210 shares of the company’s stock valued at $67,000 after acquiring an additional 225 shares during the period. 99.53% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

ETSY has been the subject of several research reports. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Etsy in a research note on Monday, April 20th. Truist Financial lifted their price objective on Etsy from $83.00 to $85.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Morgan Stanley set a $64.00 target price on Etsy in a report on Wednesday, April 29th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Etsy from $74.00 to $75.00 and gave the company a “hold” rating in a research report on Thursday, April 30th. Finally, Guggenheim raised their price objective on shares of Etsy from $75.00 to $85.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, nineteen have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $70.09.

About Etsy

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.