Etsy (NYSE:ETSY) Price Target Raised to $76.00 at Wells Fargo & Company

Etsy (NYSE:ETSY) had its price target raised by analysts at Wells Fargo & Company from $61.00 to $76.00 in a research note issued on Friday,Benzinga reports. The firm presently has an “underweight” rating on the stock. Wells Fargo & Company‘s price objective suggests a potential downside of 10.89% from the company’s current price.

ETSY has been the subject of several other reports. Bank of America raised their target price on Etsy from $72.00 to $75.00 and gave the stock a “neutral” rating in a research report on Thursday, May 28th. Jefferies Financial Group raised their price target on shares of Etsy from $62.00 to $80.00 and gave the stock a “hold” rating in a report on Tuesday, July 14th. BTIG Research cut shares of Etsy from a “buy” rating to a “neutral” rating in a research report on Thursday, July 16th. Roth Capital initiated coverage on shares of Etsy in a research report on Thursday, May 21st. They set a “buy” rating on the stock. Finally, President Capital upgraded Etsy from a “neutral” rating to a “buy” rating and upped their target price for the company from $57.00 to $91.00 in a research report on Thursday, June 25th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, twenty have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $79.16.

Etsy Trading Up 3.7%

NYSE:ETSY traded up $3.03 on Friday, hitting $85.29. The company had a trading volume of 2,027,112 shares, compared to its average volume of 3,255,588. Etsy has a 52 week low of $44.00 and a 52 week high of $87.97. The stock has a market capitalization of $8.09 billion, a price-to-earnings ratio of 47.65, a PEG ratio of 3.36 and a beta of 1.84. The firm has a 50 day moving average of $77.10 and a two-hundred day moving average of $63.55.

Insider Buying and Selling at Etsy

In related news, insider Josh Silverman sold 134,730 shares of the company’s stock in a transaction on 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 sale, the insider 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Frederick R. Wilson sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $83.22, for a total transaction of $1,664,400.00. Following the sale, the director directly owned 421,329 shares of the company’s stock, valued at approximately $35,062,999.38. This represents a 4.53% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 596,310 shares of company stock valued at $44,425,234 over the last 90 days. Company insiders own 2.50% of the company’s stock.

Hedge Funds Weigh In On Etsy

Institutional investors have recently added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA grew its stake in Etsy by 33.7% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 187,028 shares of the company’s stock valued at $10,369,000 after purchasing an additional 47,105 shares during the last quarter. Janus Henderson Group PLC raised 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 purchasing an additional 240,986 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Etsy by 51.4% during the first quarter. Arrowstreet Capital Limited Partnership now owns 3,278,123 shares of the company’s stock worth $163,841,000 after purchasing an additional 1,112,520 shares during the period. Crossmark Global Holdings Inc. lifted its holdings in shares of Etsy by 338.4% during the fourth quarter. Crossmark Global Holdings Inc. now owns 103,497 shares of the company’s stock worth $5,738,000 after purchasing an additional 79,888 shares during the period. Finally, SG Americas Securities LLC boosted its position in Etsy by 717.7% in the first quarter. SG Americas Securities LLC now owns 1,497,174 shares of the company’s stock valued at $74,829,000 after buying an additional 1,314,071 shares during the last quarter. Hedge funds and other institutional investors own 99.53% of the company’s stock.

Key Stories Impacting Etsy

Here are the key news stories impacting Etsy this week:

• Positive Sentiment: Q2 results beat expectations: Etsy reported approximately $668.3 million in revenue, above the $646.1 million consensus estimate, while adjusted earnings reached $1.34 per share versus expectations of $1.17. GMS, Etsy Ads and operating leverage supported the results. Etsy Q2 earnings beat
• Positive Sentiment: Growth outlook improved: Standalone Etsy GMS growth accelerated to 7.5% year over year, helped by higher average order values, increased active buyers and better search and personalization. Management raised its 2026 growth outlook. Etsy Q2 earnings call and outlook
• Positive Sentiment: Analyst sentiment improved: JPMorgan upgraded Etsy from Neutral to Overweight and raised its price target to $100 from $85. Needham also raised its target to $100 and assigned a Buy rating, reinforcing the potential for a turnaround. JPMorgan Etsy upgrade
• Positive Sentiment: Large buyback authorized: Etsy approved an additional $2 billion share-repurchase program. The authorization could support earnings per share and signal confidence in future cash generation. Etsy buyback announcement
• Neutral Sentiment: Restructuring creates both opportunity and risk: Etsy will eliminate about 220 positions, or 12% of its workforce, to simplify operations and accelerate product execution. The plan may improve efficiency, but it also highlights continuing execution challenges. Etsy restructuring plan
• Negative Sentiment: Insider sales may weigh on sentiment: Executive Chair Josh Silverman and CFO Charles Baker sold shares worth roughly $529,000 and $134,000, respectively. Both transactions were conducted under pre-arranged Rule 10b5-1 plans, limiting their significance, but the sales add an overhang after Etsy’s strong rally. Etsy insider sales

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.