Etsy (NYSE:ETSY – Get Free Report) had its price target lifted by research analysts at Deutsche Bank Aktiengesellschaft from $74.00 to $75.00 in a research report issued to clients and investors on Thursday, MarketBeat reports. The firm presently has a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft’s price target indicates a potential upside of 18.75% from the stock’s previous close.
Other equities research analysts have also issued reports about the company. Sanford C. Bernstein upped their price objective on Etsy from $60.00 to $65.00 and gave the stock a “market perform” rating in a research note on Thursday. Jefferies Financial Group dropped their target price on shares of Etsy from $62.00 to $55.00 and set a “hold” rating for the company in a report on Thursday, February 12th. Guggenheim upped their target price on shares of Etsy from $75.00 to $85.00 and gave the stock a “buy” rating in a report on Thursday. Wall Street Zen raised shares of Etsy from a “hold” rating to a “buy” rating in a report on Saturday, April 11th. Finally, Barclays raised shares of Etsy from an “equal weight” rating to an “overweight” rating and set a $72.00 target price for the company in a report on Thursday, February 19th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, nineteen have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $70.09.
Get Our Latest Stock Analysis on Etsy
Etsy Price Performance
Etsy (NYSE:ETSY – Get Free Report) last posted its quarterly earnings data on Thursday, February 19th. The company reported $0.92 EPS for the quarter, topping the consensus estimate 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 28.60% and a net margin of 9.94%. Research analysts anticipate that Etsy will post 3.16 earnings per share for the current year.
Insider Buying and Selling
In other Etsy news, Director Charles Andrew Ballard sold 1,790 shares of the stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $55.74, for a total transaction of $99,774.60. Following the completion of the transaction, the director owned 4,006 shares of the company’s stock, valued at $223,294.44. This represents a 30.88% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Merilee Buckley sold 1,993 shares of the stock in a transaction dated Monday, April 6th. The shares were sold at an average price of $52.92, for a total transaction of $105,469.56. Following the transaction, the chief accounting officer directly owned 809 shares of the company’s stock, valued at $42,812.28. This trade represents a 71.13% 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 quarter, insiders sold 205,079 shares of company stock valued at $12,768,270. Company insiders own 2.80% of the company’s stock.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. AQR Capital Management LLC boosted its holdings in shares of Etsy by 40.1% during the 4th 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 during the last quarter. Lone Pine Capital LLC bought a new position in shares of Etsy during the 3rd quarter valued at about $257,614,000. Van ECK Associates Corp boosted its holdings in shares of Etsy by 1.1% during the 4th quarter. Van ECK Associates Corp now owns 3,734,156 shares of the company’s stock valued at $207,022,000 after purchasing an additional 39,067 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of Etsy by 3.8% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,611,431 shares of the company’s stock valued at $89,338,000 after purchasing an additional 59,123 shares during the last quarter. Finally, SG Americas Securities LLC boosted its holdings in shares of Etsy by 717.7% during the 1st quarter. SG Americas Securities LLC now owns 1,497,174 shares of the company’s stock valued at $74,829,000 after purchasing an additional 1,314,071 shares during the last quarter. Institutional investors own 99.53% of the company’s stock.
Etsy News Summary
Here are the key news stories impacting Etsy this week:
- Positive Sentiment: Q1 results beat estimates: revenue and EPS topped forecasts; Etsy reported mid-single-digit GMS growth and its first buyer growth in two years, signaling improving marketplace momentum. ETSY Q1 Earnings & Revenues Surpass Estimates
- Positive Sentiment: Gross merchandise sales (GMS) +5.5% in Q1 and improving revenue mix as advertising/services drive growth and margins — key fundamentals investors reward. Etsy marketplace GMS rises 5.5% in first quarter
- Positive Sentiment: Several brokers raised price targets and issued buy/overweight calls (Needham to $85 buy; Canaccord to $80 buy; Barclays to $82 overweight; Truist to $85 buy), providing bullish analyst support. Broker Price Target Actions
- Neutral Sentiment: Management commentary and coverage note a “cautious recovery” from the earnings call — positive operational signs but management is measured on cadence of improvement. Earnings Call Highlights
- Neutral Sentiment: Product/marketplace stories emphasize a platform rebuild and trend-tailwinds (nostalgia/bold design) that may support long-term engagement but are execution-dependent. Marketplace Rebuild Paying Off
- Neutral Sentiment: Press pieces highlight AI/SEO algorithm changes that create urgency for sellers — mixed near-term impact (implementation frictions vs. longer-term search improvements). AI SEO Urgency for Sellers
- Negative Sentiment: Insider sale: former CEO Josh Silverman sold ~36,443 shares under a 10b5‑1 plan, reducing his stake by ~21.8% — often interpreted by markets as a near-term negative signal despite pre-arrangement. SEC Form 4
- Negative Sentiment: B. Riley downgraded ETSY from buy to neutral (PT $75) and Wells Fargo remains underweight despite a raised target — mixed-to-cautious analyst views could cap upside in the near term. B. Riley Downgrade
- Negative Sentiment: Morgan Stanley flagged sustainability questions even as growth returns — ESG scrutiny can pressure multiples and investor sentiment. Sustainability Questions
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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