Etsy (NYSE:ETSY) CFO Sells $128,905.00 in Stock

Etsy Inc (NYSE:ETSY) CFO Charles Baker sold 2,030 shares of the stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $63.50, for a total transaction of $128,905.00. Following the transaction, the chief financial officer owned 6,913 shares in the company, valued at $438,975.50. The trade was a 22.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Etsy Price Performance

Shares of NYSE ETSY opened at $63.99 on Friday. Etsy Inc has a one year low of $44.00 and a one year high of $76.51. The company’s 50 day simple moving average is $56.14. The company has a market capitalization of $6.07 billion, a PE ratio of 26.66, a P/E/G ratio of 5.79 and a beta of 1.89.

Etsy (NYSE:ETSY) last issued its quarterly earnings results on Thursday, February 19th. The company reported $0.92 EPS for the quarter, beating analysts’ consensus estimates of $0.88 by $0.04. Etsy had a net margin of 9.94% and a negative return on equity of 28.60%. The business had revenue of $881.64 million for the quarter. Sell-side analysts forecast that Etsy Inc will post 3.74 earnings per share for the current year.

Institutional Trading of Etsy

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

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. Canaccord Genuity Group increased their price target on shares of Etsy from $72.00 to $80.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Zacks Research cut shares of Etsy from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 20th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Etsy from $74.00 to $75.00 and gave the company a “hold” rating in a research report on Thursday, April 30th. Cantor Fitzgerald increased their price objective on Etsy from $51.00 to $59.00 and gave the company a “neutral” rating in a research note on Tuesday, April 21st. Finally, Wall Street Zen lowered Etsy from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. One 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 assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $70.09.

Etsy News Roundup

Here are the key news stories impacting Etsy this week:

• Positive Sentiment: Q1 / earnings quality — Analysts and coverage note Etsy’s recent earnings beat and improving fundamentals (revenue beat, return to net income), which supports the company’s recovery narrative and valuation rerating. Etsy’s Strong Earnings Are Of Good Quality
• Positive Sentiment: New distribution via ChatGPT / OpenAI — Etsy launched a native ChatGPT app and related AI shopping features (including a Canva mockup bundle and AI gift search). This creates a new discovery channel that could raise traffic and GMV without large ad spend. Etsy debuts ChatGPT app as AI reshapes retail search
• Positive Sentiment: Strategic repositioning toward human stories — Management is emphasizing “human connection” and old‑school storytelling over pure AI efficiency to differentiate the marketplace and drive shopper loyalty, which could support conversion and brand premium. Etsy shifts focus from AI efficiency to human connection
• Neutral Sentiment: Expanded AI shopping tools / agentic commerce — Etsy (and players like eBay) are adding more agentic AI shopping tools. These can drive long‑term discovery and efficiency but the near‑term GMV/lift is uncertain and depends on adoption and execution. Etsy and eBay expand AI shopping tools
• Negative Sentiment: Insider selling — CFO Charles Baker sold ~2,030 shares to cover tax withholding on vested awards. While disclosed as routine/tax‑related, insider sales can spook some investors when they occur amid a rally. CFO Charles Baker Sells 2,030 Shares
• Negative Sentiment: Policy / reputational risk — Reporting that Etsy’s fur ban may disproportionately affect Indigenous/Alaska Native artists has drawn criticism and could raise reputational or regulatory scrutiny, risking seller backlash in niche categories. Alaska Native artists say Etsy’s fur ban discriminates

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.