Etsy Inc (NYSE:ETSY – Get Free Report) shares hit a new 52-week high during trading on Wednesday . The company traded as high as $87.50 and last traded at $87.2890, with a volume of 7870 shares changing hands. The stock had previously closed at $86.43.
Key Headlines Impacting Etsy
Here are the key news stories impacting Etsy this week:
- Positive Sentiment: Q2 results exceeded expectations: Etsy reported approximately $668.3 million in revenue, above the $646.1 million consensus estimate, while adjusted earnings of $1.34 per share topped expectations of $1.17. Growth in gross merchandise sales (GMS), Etsy Ads and operating leverage supported the quarter. Etsy Q2 Earnings Beat on GMS and Ads Strength
- Positive Sentiment: Marketplace momentum and guidance improved: Standalone Etsy GMS growth accelerated to 7.5% year over year, aided by higher average order values and more active buyers. Stronger margins prompted management to raise its 2026 outlook. Etsy Efficiency Push and GMS Strength
- Positive Sentiment: Capital returns may support the shares: Etsy authorized an additional $2 billion share-repurchase program. Buybacks could support earnings per share and signal confidence in the company’s cash generation. Etsy to Cut 12 Percent of Workforce
- Neutral Sentiment: Analysts raised some forecasts: Several analysts increased their price targets following the quarterly beat, although the broader analyst consensus remains close to “Hold,” reflecting uncertainty about the turnaround and current valuation. Etsy Analysts Increase Their Forecasts
- Negative Sentiment: Layoffs highlight execution concerns: Etsy plans to eliminate about 220 jobs, or 12% of its workforce, primarily to simplify operations and speed decision-making. Management says the move is intended to position the company for growth, but investors may interpret it as evidence that the turnaround remains challenging. Etsy Layoffs and Restructuring Plan
- Negative Sentiment: Insider selling adds an overhang: Executive Chair Josh Silverman sold 6,294 shares for about $529,000, following additional sales in recent months. CFO Charles Baker also sold shares. The transactions were made under pre-arranged Rule 10b5-1 plans, reducing their predictive value, but the sales can still weigh on sentiment after the stock’s strong run. Etsy Insider Josh Silverman Sells Shares
Wall Street Analysts Forecast Growth
A number of research analysts have issued reports on ETSY shares. Wall Street Zen downgraded Etsy from a “buy” rating to a “hold” rating in a research note on Sunday, May 31st. Bank of America lifted their target price on Etsy from $72.00 to $75.00 and gave the stock a “neutral” rating in a research note on Thursday, May 28th. Susquehanna downgraded shares of Etsy to a “neutral” rating in a report on Thursday, May 21st. Canaccord Genuity Group set a $92.00 price target on shares of Etsy in a research report on Thursday. Finally, Wells Fargo & Company raised their price objective on shares of Etsy from $47.00 to $61.00 and gave the stock an “underweight” rating in a report on Thursday, April 30th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, nineteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $78.16.
Etsy Stock Down 4.2%
The stock has a 50-day simple moving average of $77.10 and a 200-day simple moving average of $63.55. The firm has a market capitalization of $7.81 billion, a PE ratio of 45.97, a P/E/G ratio of 3.36 and a beta of 1.84.
Insider Buying and Selling at Etsy
In related news, Director Frederick R. Wilson sold 20,000 shares of Etsy stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $83.22, for a total value of $1,664,400.00. Following the completion of the sale, the director owned 421,329 shares of the company’s stock, valued at approximately $35,062,999.38. This trade represents a 4.53% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Josh Silverman sold 134,730 shares of the business’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $68.89, for a total value of $9,281,549.70. Following the completion of the sale, the insider owned 130,694 shares in the company, valued at $9,003,509.66. This represents a 50.76% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 596,310 shares of company stock valued at $44,425,234 in the last quarter. 2.50% of the stock is owned by corporate insiders.
Institutional Trading of Etsy
Institutional investors have recently modified their holdings of the business. SG Americas Securities LLC lifted its position in shares of Etsy by 717.7% during the first quarter. SG Americas Securities LLC now owns 1,497,174 shares of the company’s stock worth $74,829,000 after acquiring an additional 1,314,071 shares in the last quarter. AQR Capital Management LLC grew its position in shares of Etsy by 40.1% in the fourth quarter. AQR Capital Management LLC now owns 4,111,639 shares of the company’s stock valued at $227,785,000 after purchasing an additional 1,177,301 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its position in shares of Etsy by 51.4% in the first quarter. Arrowstreet Capital Limited Partnership now owns 3,278,123 shares of the company’s stock valued at $163,841,000 after purchasing an additional 1,112,520 shares in the last quarter. Norges Bank bought a new stake in shares of Etsy during the 4th quarter valued at $33,903,000. Finally, Renaissance Technologies LLC raised its stake in shares of Etsy by 11.1% during the 1st quarter. Renaissance Technologies LLC now owns 5,962,210 shares of the company’s stock valued at $297,991,000 after purchasing an additional 594,768 shares during the period. 99.53% of the stock is currently owned by hedge funds and other institutional investors.
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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