Charles Baker Sells 2,030 Shares of Etsy (NYSE:ETSY) Stock

Etsy Inc (NYSE:ETSY) CFO Charles Baker sold 2,030 shares of the firm’s stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $63.50, for a total value of $128,905.00. Following the completion of the sale, the chief financial officer owned 6,913 shares of the company’s stock, valued at approximately $438,975.50. This represents a 22.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Etsy Trading Up 3.1%

Shares of ETSY opened at $64.88 on Thursday. Etsy Inc has a twelve month low of $44.00 and a twelve month high of $76.51. The stock has a market capitalization of $6.16 billion, a P/E ratio of 27.03, a P/E/G ratio of 5.61 and a beta of 1.89. The company has a fifty day moving average price of $55.94.

Etsy (NYSE:ETSY) last released its quarterly earnings results on Thursday, February 19th. The company reported $0.92 EPS for the quarter, topping analysts’ consensus estimates of $0.88 by $0.04. The firm had revenue of $881.64 million during the quarter. Etsy had a net margin of 9.94% and a negative return on equity of 28.60%. As a group, sell-side analysts forecast that Etsy Inc will post 3.74 EPS for the current year.

Hedge Funds Weigh In On Etsy

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. EFG International AG bought a new stake in shares of Etsy in the fourth quarter valued at about $33,000. Abich Financial Wealth Management LLC bought a new position in Etsy during the 3rd quarter worth about $51,000. Blue Trust Inc. increased its position in Etsy by 19.3% during the 1st quarter. Blue Trust Inc. now owns 1,238 shares of the company’s stock valued at $62,000 after purchasing an additional 200 shares during the period. Danske Bank A S purchased a new position in Etsy during the 3rd quarter valued at about $66,000. Finally, Federation des caisses Desjardins du Quebec raised its holdings 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 purchasing an additional 225 shares in the last quarter. Institutional investors own 99.53% of the company’s stock.

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

Analyst Ratings Changes

ETSY has been the topic of several recent analyst reports. Guggenheim increased their price target on Etsy from $75.00 to $85.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Zacks Research downgraded Etsy from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 20th. Raymond James Financial reiterated an “outperform” rating and issued a $75.00 target price on shares of Etsy in a research note on Thursday, April 23rd. Evercore set a $72.00 target price on shares of Etsy in a research note on Wednesday, April 29th. Finally, Stifel Nicolaus cut their price target on shares of Etsy from $62.00 to $55.00 and set a “hold” rating on the stock in a report on Friday, February 20th. One 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 issued a Sell rating to the company. According to MarketBeat, Etsy presently has a consensus rating of “Hold” and an average target price 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.