Etsy (NYSE:ETSY) Stock Rating Upgraded by Zacks Research

Etsy (NYSE:ETSY) was upgraded by Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Monday,Zacks.com reports.

A number of other equities research analysts also recently weighed in on ETSY. Evercore set a $72.00 price target on shares of Etsy in a report on Wednesday, April 29th. B. Riley Financial downgraded shares of Etsy from a “buy” rating to a “neutral” rating and upped their price target for the company from $70.00 to $75.00 in a report on Thursday, April 30th. Canaccord Genuity Group upped their price target on shares of Etsy from $72.00 to $80.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Truist Financial upped their price target on shares of Etsy from $83.00 to $85.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Finally, Bank of America upped their price target on shares of Etsy from $72.00 to $75.00 and gave the company a “neutral” rating in a report on Thursday, May 28th. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, nineteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $71.00.

Etsy Trading Up 1.7%

Shares of NYSE ETSY opened at $73.42 on Monday. Etsy has a twelve month low of $44.00 and a twelve month high of $76.51. The company has a market capitalization of $6.97 billion, a price-to-earnings ratio of 30.59, a PEG ratio of 2.88 and a beta of 1.88. The firm has a 50-day moving average of $62.92 and a two-hundred day moving average of $57.44.

Insider Buying and Selling

In other Etsy news, insider Richard Edward Colburn III sold 4,776 shares of the business’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $65.09, for a total transaction of $310,869.84. Following the sale, the insider owned 6,503 shares in the company, valued at approximately $423,280.27. The trade was a 42.34% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Charles Baker sold 2,030 shares of the business’s stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $63.50, for a total value of $128,905.00. Following the sale, the chief financial officer owned 6,913 shares in the company, valued at approximately $438,975.50. The trade was a 22.70% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 451,509 shares of company stock worth $29,518,662 in the last quarter. 2.50% of the stock is currently owned by corporate insiders.

Institutional Trading of Etsy

Institutional investors and hedge funds have recently bought and sold shares of the stock. EFG International AG acquired a new stake in Etsy during the 4th quarter worth about $33,000. Danske Bank A S acquired a new stake in Etsy during the 3rd quarter worth about $66,000. Federation des caisses Desjardins du Quebec raised its holdings in Etsy by 22.8% during the 4th quarter. Federation des caisses Desjardins du Quebec now owns 1,210 shares of the company’s stock worth $67,000 after buying an additional 225 shares during the period. Blue Trust Inc. raised its holdings in 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 period. Finally, LSV Asset Management acquired a new stake in Etsy during the 3rd quarter worth about $86,000. Institutional investors and hedge funds own 99.53% of the company’s stock.

Key Etsy News

Here are the key news stories impacting Etsy this week:

• Positive Sentiment: Etsy was added to Zacks’ Rank #1 (Strong Buy) list, which can boost investor confidence by signaling improving near-term fundamentals or momentum. New Strong Buy Stocks for June 16th
• Positive Sentiment: Another Zacks note called Etsy a strong momentum stock and pointed to its recent outperformance versus the broader market, reinforcing the bullish trading narrative. Here’s Why Etsy (ETSY) is a Strong Momentum Stock
• Positive Sentiment: Coverage suggesting Etsy’s anti-Amazon ad campaign is a smart branding move may help support the stock by highlighting marketing efforts to differentiate the platform and attract buyers. Etsy’s Anti-Amazon Ad Campaign Might Be Its Smartest Move Yet
• Neutral Sentiment: Several articles focused on Etsy ads and quirky marketplace listings, which are more about publicity than a direct earnings impact, so the stock reaction is likely limited. Who Needs Bezos? Etsy Ads Highlight 5,000 More-Deserving Jeffs
• Neutral Sentiment: Broader market commentary noted Etsy has outperformed recently and is up sharply over the past six months, which supports the stock’s momentum but does not add a new catalyst. 3 Reasons to Avoid ETSY and 1 Stock to Buy Instead
• Negative Sentiment: A report on Etsy sellers struggling with tariff pressure is a reminder that trade policy and higher costs could be hurting merchant demand and shop economics. Etsy sellers say their previously thriving shops can’t rebound from Trump’s tariffs

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.