Brokerages Set Etsy Inc (NYSE:ETSY) Target Price at $75.36

Etsy Inc (NYSE:ETSY) has been given an average recommendation of “Hold” by the thirty-two research firms that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, twenty have given a hold recommendation, ten have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $75.36.

ETSY has been the topic of several recent analyst reports. BTIG Research cut shares of Etsy from a “buy” rating to a “neutral” rating in a research report on Thursday, July 16th. Truist Financial raised their target price on shares of Etsy from $85.00 to $90.00 and gave the company a “buy” rating in a research note on Wednesday. B. Riley Financial downgraded shares of Etsy from a “buy” rating to a “neutral” rating and lifted their price target for the company from $70.00 to $75.00 in a report on Thursday, April 30th. Weiss Ratings upgraded shares of Etsy from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, May 13th. Finally, Sanford C. Bernstein increased their price objective on shares of Etsy from $60.00 to $65.00 and gave the company a “market perform” rating in a report on Thursday, April 30th.

Insider Buying and Selling at Etsy

In other news, CAO Merilee Buckley sold 881 shares of Etsy stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $75.35, for a total transaction of $66,383.35. Following the completion of the sale, the chief accounting officer owned 405 shares of the company’s stock, valued at approximately $30,516.75. The trade was a 68.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Josh Silverman sold 39,161 shares of Etsy stock in a transaction dated Friday, July 10th. The shares were sold at an average price of $79.00, for a total value of $3,093,719.00. Following the completion of the sale, the insider owned 139,884 shares of the company’s stock, valued at $11,050,836. The trade was a 21.87% 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 have sold a total of 658,943 shares of company stock worth $47,305,981 over the last ninety days. Company insiders own 2.50% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. Smartleaf Asset Management LLC increased its holdings in Etsy by 10.0% during the 2nd quarter. Smartleaf Asset Management LLC now owns 1,734 shares of the company’s stock worth $88,000 after purchasing an additional 158 shares during the period. Alamea Verwaltungs GmbH raised its stake in Etsy by 2.3% in the second quarter. Alamea Verwaltungs GmbH now owns 7,380 shares of the company’s stock valued at $370,000 after buying an additional 169 shares during the last quarter. PNC Financial Services Group Inc. raised its position in shares of Etsy by 2.4% in the 4th quarter. PNC Financial Services Group Inc. now owns 7,550 shares of the company’s stock valued at $419,000 after purchasing an additional 180 shares during the last quarter. Blue Trust Inc. lifted its stake in shares of Etsy by 19.3% during the first quarter. Blue Trust Inc. now owns 1,238 shares of the company’s stock worth $62,000 after buying an additional 200 shares during the period. Finally, GAMMA Investing LLC grew its stake in Etsy by 6.6% during the 4th quarter. GAMMA Investing LLC now owns 3,333 shares of the company’s stock valued at $185,000 after purchasing an additional 205 shares during the last quarter. 99.53% of the stock is owned by institutional investors.

Key Headlines Impacting Etsy

Here are the key news stories impacting Etsy this week:

• Positive Sentiment: Analysts say Etsy’s app-led loyalty push is boosting engagement, conversion, and buyer lifetime value, while mobile gross merchandise sales growth accelerates and personalized features gain traction. Can Etsy’s Loyalty Initiatives Unlock Higher Buyer Lifetime Value?
• Positive Sentiment: Etsy’s collaboration with Olivia Rodrigo on a handmade Daisy Chain Fields merch and accessory collection highlights stronger brand visibility and could support traffic and marketplace activity. Olivia Rodrigo Creates Adorable Festival Accessory Line for Daisy Chain Fields With 10 Female Etsy Sellers
• Positive Sentiment: Another note argues Etsy has the ingredients to beat estimates again in its next earnings report, reinforcing expectations for solid near-term financial results. Will Etsy (ETSY) Beat Estimates Again in Its Next Earnings Report?
• Neutral Sentiment: One article says Etsy fits an ideal LBO target profile, which may attract takeover speculation but does not by itself change fundamentals. These 4 Stocks Fit the Ideal LBO Target Profile Right Now
• Neutral Sentiment: Coverage also showed Etsy maintaining a consensus “Hold” rating, suggesting analysts remain cautious overall even amid improving sentiment. Etsy Inc (NYSE:ETSY) Given Consensus Recommendation of “Hold” by Analysts

Etsy Trading Down 0.2%

Etsy stock opened at $80.74 on Thursday. Etsy has a 12-month low of $44.00 and a 12-month high of $87.14. The firm has a market capitalization of $7.66 billion, a price-to-earnings ratio of 33.64, a P/E/G ratio of 3.16 and a beta of 1.83. The firm has a 50 day moving average of $73.08 and a 200 day moving average of $62.09.

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.