Etsy (NYSE:ETSY) Upgraded by Zacks Research to “Strong-Buy” Rating

Zacks Research upgraded shares of Etsy (NYSE:ETSY) from a hold rating to a strong-buy rating in a research report released on Monday morning,Zacks.com reports.

Several other equities analysts also recently issued reports on ETSY. Needham & Company LLC increased their price objective on shares of Etsy from $65.00 to $85.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Bank of America increased their price objective on shares of Etsy from $72.00 to $75.00 and gave the company a “neutral” rating in a report on Thursday, May 28th. Truist Financial increased their price objective on shares of Etsy from $83.00 to $85.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Barclays increased their price objective on shares of Etsy from $72.00 to $82.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. Finally, Arete Research set a $76.00 price objective on shares of Etsy and gave the company a “buy” rating in a report on Wednesday, May 20th. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, nineteen have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Etsy currently has an average rating of “Hold” and a consensus target price of $71.00.

Etsy Stock Up 1.7%

ETSY opened at $73.42 on Monday. The company has a market cap of $6.97 billion, a price-to-earnings ratio of 30.59, a PEG ratio of 2.88 and a beta of 1.88. Etsy has a 52-week low of $44.00 and a 52-week high of $76.51. The firm’s fifty day simple moving average is $62.92 and its two-hundred day simple moving average is $57.44.

Insider Activity

In other news, Director Frederick R. Wilson sold 20,000 shares of the firm’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $61.63, for a total value of $1,232,600.00. Following the transaction, the director directly owned 481,329 shares of the company’s stock, valued at approximately $29,664,306.27. This trade represents a 3.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Josh Silverman sold 134,730 shares of the firm’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $68.89, for a total transaction of $9,281,549.70. Following the completion of the transaction, the insider directly owned 130,694 shares in the company, valued at approximately $9,003,509.66. This represents a 50.76% 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. Over the last three months, insiders sold 451,509 shares of company stock worth $29,518,662. Insiders own 2.50% of the company’s stock.

Hedge Funds Weigh In On Etsy

Several hedge funds and other institutional investors have recently modified their holdings of the business. Janus Henderson Group PLC lifted its stake in shares of Etsy by 627.2% in the first quarter. Janus Henderson Group PLC now owns 279,407 shares of the company’s stock worth $13,962,000 after buying an additional 240,986 shares in the last quarter. Smith Group Asset Management LLC purchased a new position in Etsy during the first quarter worth about $532,000. California State Teachers Retirement System raised its stake in Etsy by 16.4% during the first quarter. California State Teachers Retirement System now owns 103,342 shares of the company’s stock worth $5,165,000 after purchasing an additional 14,567 shares during the period. Readystate Asset Management LP purchased a new position in Etsy during the first quarter worth about $3,169,000. Finally, Quantinno Capital Management LP raised its stake in Etsy by 4.9% during the first quarter. Quantinno Capital Management LP now owns 533,497 shares of the company’s stock worth $26,664,000 after purchasing an additional 25,026 shares during the period. 99.53% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Etsy

Here are the key news stories impacting Etsy this week:

• Positive Sentiment: Etsy was added to Zacks’ Rank #1 (Strong Buy) list, which can boost investor confidence by signaling improving near-term fundamentals or momentum. New Strong Buy Stocks for June 16th
• Positive Sentiment: Another Zacks note called Etsy a strong momentum stock and pointed to its recent outperformance versus the broader market, reinforcing the bullish trading narrative. Here’s Why Etsy (ETSY) is a Strong Momentum Stock
• Positive Sentiment: Coverage suggesting Etsy’s anti-Amazon ad campaign is a smart branding move may help support the stock by highlighting marketing efforts to differentiate the platform and attract buyers. Etsy’s Anti-Amazon Ad Campaign Might Be Its Smartest Move Yet
• Neutral Sentiment: Several articles focused on Etsy ads and quirky marketplace listings, which are more about publicity than a direct earnings impact, so the stock reaction is likely limited. Who Needs Bezos? Etsy Ads Highlight 5,000 More-Deserving Jeffs
• Neutral Sentiment: Broader market commentary noted Etsy has outperformed recently and is up sharply over the past six months, which supports the stock’s momentum but does not add a new catalyst. 3 Reasons to Avoid ETSY and 1 Stock to Buy Instead
• Negative Sentiment: A report on Etsy sellers struggling with tariff pressure is a reminder that trade policy and higher costs could be hurting merchant demand and shop economics. Etsy sellers say their previously thriving shops can’t rebound from Trump’s tariffs

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.