Etsy (NYSE:ETSY) Insider Josh Silverman Sells 70,000 Shares of Stock

Etsy Inc (NYSE:ETSY) insider Josh Silverman sold 70,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 21st. The stock was sold at an average price of $65.00, for a total value of $4,550,000.00. Following the transaction, the insider directly owned 130,694 shares of the company’s stock, valued at approximately $8,495,110. This trade represents a 34.88% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Josh Silverman also recently made the following trade(s):

• On Monday, April 20th, Josh Silverman sold 30,369 shares of Etsy stock. The stock was sold at an average price of $64.00, for a total value of $1,943,616.00.
• On Thursday, April 16th, Josh Silverman sold 24,296 shares of Etsy stock. The stock was sold at an average price of $59.00, for a total value of $1,433,464.00.
• On Monday, April 6th, Josh Silverman sold 12,148 shares of Etsy stock. The stock was sold at an average price of $54.00, for a total value of $655,992.00.
• On Wednesday, April 1st, Josh Silverman sold 6,074 shares of Etsy stock. The stock was sold at an average price of $49.07, for a total value of $298,051.18.
• On Monday, February 2nd, Josh Silverman sold 21,666 shares of Etsy stock. The stock was sold at an average price of $53.26, for a total value of $1,153,931.16.

Etsy Trading Down 4.0%

NYSE:ETSY opened at $63.41 on Friday. Etsy Inc has a twelve month low of $41.51 and a twelve month high of $76.51. The business’s 50 day moving average price is $53.55. The firm has a market cap of $6.02 billion, a P/E ratio of 48.41, a P/E/G ratio of 10.05 and a beta of 1.77.

Etsy (NYSE:ETSY) last released its quarterly earnings results on Thursday, February 19th. The company reported $0.92 earnings per share for the quarter, topping analysts’ consensus estimates of $0.88 by $0.04. The firm had revenue of $881.64 million during the quarter. Etsy had a negative return on equity of 24.94% and a net margin of 5.65%. As a group, research analysts forecast that Etsy Inc will post 3.12 EPS for the current year.

Key Stories Impacting Etsy

Here are the key news stories impacting Etsy this week:

• Positive Sentiment: Raymond James raised its price target to $75 from $60 and kept an Outperform rating, arguing the pullback may be stabilizing and signalling upside if growth metrics improve. Raymond James Just Lifted Etsy’s Target to $75
• Positive Sentiment: An investor note from The Motley Fool calls ETSY “under‑the‑radar” and argues the stock looks cheap versus its history and peers, which could attract value‑oriented buyers if fundamentals stabilize. This Under‑the‑Radar E-Commerce Stock Is Down from Its Highs
• Neutral Sentiment: Marketplace signals are mixed but constructive: recent call transcripts show GMS weakness narrowing (improvement vs prior quarter) and active buyers remain near record levels — indicating demand resilience even as growth moderates. Etsy Q2 2024 Earnings Call Transcript
• Neutral Sentiment: Several trend pieces highlight category strength (plus‑size handmade apparel, personalization and jewelry). These are supportive for long‑term GMV potential but are incremental and not immediate earnings drivers. Etsy’s handmade plus-size market rises Etsy trends every handmade seller should know
• Negative Sentiment: Insider selling: CEO Josh Silverman sold 70,000 shares under a Rule 10b5‑1 plan (approx. $4.55M at $65/share), reducing his direct stake materially — a near‑term negative signal for investor sentiment despite being pre‑arranged. SEC filing and details. SEC Form 4 — Josh Silverman sale
• Negative Sentiment: Zacks downgraded ETSY from Strong Buy to Hold, reducing near‑term buy pressure and reinforcing caution ahead of the company’s upcoming earnings release. Zacks Downgrades Etsy to Hold

Analyst Ratings Changes

Several research firms have recently commented on ETSY. Cantor Fitzgerald increased their price objective on Etsy from $51.00 to $59.00 and gave the company a “neutral” rating in a report on Tuesday. Canaccord Genuity Group cut their price objective on Etsy from $80.00 to $72.00 and set a “buy” rating for the company in a report on Friday, February 20th. Morgan Stanley cut their price objective on Etsy from $65.00 to $60.00 and set an “equal weight” rating for the company in a report on Friday, February 20th. JPMorgan Chase & Co. cut their price objective on Etsy from $65.00 to $58.00 and set a “neutral” rating for the company in a report on Friday, February 20th. Finally, Wall Street Zen raised Etsy from a “hold” rating to a “buy” rating in a report on Saturday, April 11th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, eighteen have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $61.88.

Hedge Funds Weigh In On Etsy

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ETSY. Smartleaf Asset Management LLC lifted its stake in shares of 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 buying an additional 158 shares during the last quarter. Alamea Verwaltungs GmbH lifted its stake in shares of Etsy by 2.3% during the 2nd quarter. Alamea Verwaltungs GmbH now owns 7,380 shares of the company’s stock worth $370,000 after buying an additional 169 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in shares of Etsy by 2.4% during the 4th quarter. PNC Financial Services Group Inc. now owns 7,550 shares of the company’s stock worth $419,000 after buying an additional 180 shares during the last quarter. Blue Trust Inc. lifted its stake in shares of Etsy by 19.3% during the 1st 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 last quarter. Finally, GAMMA Investing LLC lifted its stake in shares of Etsy by 6.6% during the 4th quarter. GAMMA Investing LLC now owns 3,333 shares of the company’s stock worth $185,000 after buying an additional 205 shares during the last quarter. 99.53% of the stock is owned by institutional investors.

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.