Etsy (NYSE:ETSY – Free Report) had its target price boosted by Piper Sandler from $70.00 to $80.00 in a research note published on Friday morning,Benzinga reports. They currently have a neutral rating on the stock.
Other research analysts have also issued research reports about the company. Evercore set a $83.00 price target on Etsy in a research report on Thursday. Weiss Ratings upgraded Etsy from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, May 13th. Sanford C. Bernstein boosted their target price on Etsy from $60.00 to $65.00 and gave the company a “market perform” rating in a research note on Thursday, April 30th. UBS Group upped their target price on Etsy from $74.00 to $86.00 and gave the company a “neutral” rating in a report on Friday. Finally, Canaccord Genuity Group set a $92.00 price target on Etsy in a research note on Thursday. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, twenty have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $81.23.
Read Our Latest Report on Etsy
Etsy Trading Up 3.9%
Insider Transactions at Etsy
In other Etsy news, Director Frederick R. Wilson sold 20,000 shares of Etsy stock in a transaction that occurred on Monday, August 3rd. The stock was 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. The trade was a 4.53% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Josh Silverman sold 6,294 shares of the company’s stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $84.00, for a total value of $528,696.00. Following the transaction, the insider owned 249,559 shares in the company, valued at $20,962,956. This trade represents a 2.46% decrease in their position. 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. In the last 90 days, insiders sold 596,310 shares of company stock valued at $44,425,234. 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. EFG International AG bought a new stake in shares of Etsy during the 4th quarter valued at $33,000. Global Retirement Partners LLC bought a new position in shares of Etsy in the 2nd quarter worth about $34,000. Blue Trust Inc. lifted 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 acquiring 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 boosted its stake in Etsy by 22.8% during the fourth quarter. Federation des caisses Desjardins du Quebec now owns 1,210 shares of the company’s stock worth $67,000 after acquiring an additional 225 shares in the last quarter. 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 earnings beat expectations: Etsy reported approximately $668.3 million in revenue and adjusted earnings of $1.34 per share, exceeding consensus estimates of $646.1 million and $1.17, respectively. Strength in gross merchandise sales (GMS), Etsy Ads and operating leverage helped drive the results. Etsy Q2 Earnings Beat on GMS and Ads Strength
- Positive Sentiment: Growth and guidance improved: Standalone Etsy GMS growth accelerated to 7.5% year over year, supported by higher order values, increased active buyers, mobile momentum and better buyer retention. Management raised its 2026 growth outlook as search, personalization and marketing initiatives gain traction. Etsy Q2 Earnings Call Lifts Outlook
- Positive Sentiment: Analyst optimism increased: JPMorgan upgraded Etsy to “overweight” and raised its price target to $100, while Needham also lifted its target to $100 with a “buy” rating. The targets reflect expectations that Etsy’s turnaround may continue. JPMorgan Upgrades Etsy
- Positive Sentiment: Large buyback authorized: Etsy approved an additional $2 billion share-repurchase program, which could support earnings per share and return capital to shareholders. Etsy Workforce Reduction and Buyback
- Neutral Sentiment: Analyst views remain mixed: Piper Sandler, Wells Fargo and Cantor Fitzgerald raised price targets but retained neutral or underweight ratings, suggesting that some analysts believe the recent gains already reflect much of the improvement.
- Negative Sentiment: Restructuring and insider sales create risks: Etsy plans to cut about 220 jobs, or 12% of its workforce, to simplify operations and accelerate execution. The CFO and executive chair also sold shares under pre-arranged Rule 10b5-1 plans, which may weigh on sentiment despite having limited predictive value. Etsy Layoffs Amid Restructuring
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.
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