Analysts Set Etsy Inc (NYSE:ETSY) Price Target at $81.50

Etsy Inc (NYSE:ETSY) has earned a consensus recommendation of “Hold” from the thirty-four research firms that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, eighteen have given a hold recommendation, thirteen have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $84.6786.

Several equities research analysts recently commented on the company. Raymond James Financial increased their price target on Etsy from $75.00 to $92.00 and gave the company an “outperform” rating in a report on Tuesday, July 21st. Weiss Ratings cut Etsy from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, August 6th. Susquehanna cut Etsy to a “neutral” rating in a report on Thursday, May 21st. Sanford C. Bernstein raised Etsy from a “hold” rating to an “outperform” rating in a research note on Thursday. Finally, Arete Research set a $76.00 price target on Etsy and gave the stock a “buy” rating in a report on Wednesday, May 20th.

Etsy Trading Down 0.4%

Shares of NYSE ETSY opened at $80.69 on Monday. Etsy has a 12-month low of $44.00 and a 12-month high of $87.97. The stock has a market cap of $7.66 billion, a PE ratio of 45.08, a P/E/G ratio of 3.92 and a beta of 1.84. The company has a 50-day moving average of $79.76 and a 200 day moving average of $65.28.

Etsy (NYSE:ETSY) last released its quarterly earnings data on Wednesday, August 5th. The company reported ($0.49) EPS for the quarter, missing analysts’ consensus estimates of $0.75 by ($1.24). Etsy had a net margin of 7.32% and a negative return on equity of 34.18%. The business had revenue of $668.31 million during the quarter, compared to analyst estimates of $646.10 million. During the same quarter in the previous year, the company posted $0.25 EPS. The firm’s revenue was down .7% on a year-over-year basis. On average, sell-side analysts forecast that Etsy will post 3.94 EPS for the current fiscal year.

Insider Transactions at Etsy

In related news, insider Richard Edward Colburn III sold 8,252 shares of the firm’s stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $82.09, for a total transaction of $677,406.68. Following the completion of the sale, the insider directly owned 6,503 shares in the company, valued at approximately $533,831.27. This trade represents a 55.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Merilee Buckley sold 405 shares of Etsy stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $79.50, for a total transaction of $32,197.50. Following the transaction, the chief accounting officer directly owned 167 shares in the company, valued at $13,276.50. This trade represents a 70.80% 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 584,967 shares of company stock valued at $43,908,631 in the last three months. 2.50% of the stock is currently owned by corporate insiders.

Institutional Trading of Etsy

Several institutional investors have recently made changes to their positions in the company. Integrated Wealth Concepts LLC increased its stake in Etsy by 19.1% during the first quarter. Integrated Wealth Concepts LLC now owns 5,986 shares of the company’s stock worth $282,000 after acquiring an additional 961 shares during the last quarter. Empowered Funds LLC lifted its stake in shares of Etsy by 55.5% in the 1st quarter. Empowered Funds LLC now owns 9,673 shares of the company’s stock valued at $456,000 after purchasing an additional 3,451 shares during the last quarter. Woodline Partners LP purchased a new position in shares of Etsy during the 1st quarter worth $2,181,000. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Etsy by 33.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,594 shares of the company’s stock worth $180,000 after purchasing an additional 906 shares during the period. Finally, M&T Bank Corp acquired a new stake in shares of Etsy during the 2nd quarter worth about $232,000. Hedge funds and other institutional investors own 99.53% of the company’s stock.

Trending Headlines about Etsy

Here are the key news stories impacting Etsy this week:

• Positive Sentiment: Bank of America upgraded Etsy from “Neutral” to “Buy” and raised its price target from $88 to $95. The firm said recent growth appears increasingly structural rather than temporary, citing improved execution under CEO Kruti Patel Goyal, stronger mobile engagement and conservative estimates. It also identified potential for more than $1 billion in share buybacks following the Depop sale. Etsy upgraded to buy at BofA on durable growth, buyback potential
• Positive Sentiment: Rosenblatt Securities initiated coverage with a “Buy” rating and a $95 price target, implying meaningful upside from recent trading levels, and subsequently upgraded the shares to “Strong Buy.” The bullish view adds momentum to Etsy’s improving analyst sentiment. Rosenblatt initiates Etsy coverage
• Positive Sentiment: Recent coverage characterizes Etsy’s rebound as potentially durable, while the company’s reported partnership with OpenAI may improve product discovery and marketplace engagement over time. Etsy Partners With OpenAI
• Neutral Sentiment: Goldman Sachs has begun research coverage on Etsy, but no rating or price target was provided in the available report. The broader analyst consensus remains “Hold,” with an average target of approximately $82.73, below the newer $95 targets.
• Negative Sentiment: Director Marla Blow sold 300 shares and Chief Accounting Officer Merilee Buckley sold 405 shares under pre-arranged Rule 10b5-1 plans. The transactions were relatively small, but insider selling can temper investor enthusiasm.
• Negative Sentiment: Etsy’s latest quarterly results included an adjusted EPS loss of $0.49 versus expectations for positive EPS of $0.75, while revenue declined 0.7% year over year. With a P/E ratio near 45, investors may demand continued evidence that the company’s growth recovery can justify its valuation.

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.