Etsy (NYSE:ETSY) Insider Sells 6,294 Shares

Etsy Inc (NYSE:ETSY) insider Josh Silverman sold 6,294 shares of the firm’s stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $84.00, for a total value of $528,696.00. Following the sale, the insider owned 249,559 shares of the company’s stock, valued at $20,962,956. The trade was a 2.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Monday, August 3rd, Josh Silverman sold 41,108 shares of Etsy stock. The shares were sold at an average price of $83.11, for a total value of $3,416,485.88.
• On Friday, July 10th, Josh Silverman sold 39,161 shares of Etsy stock. The stock was sold at an average price of $79.00, for a total transaction of $3,093,719.00.
• On Wednesday, July 1st, Josh Silverman sold 92,404 shares of Etsy stock. The shares were sold at an average price of $74.93, for a total transaction of $6,923,831.72.
• On Wednesday, June 24th, Josh Silverman sold 97,389 shares of Etsy stock. The shares were sold at an average price of $79.00, for a total transaction of $7,693,731.00.
• On Monday, June 15th, Josh Silverman sold 50,000 shares of Etsy stock. The stock was sold at an average price of $72.50, for a total transaction of $3,625,000.00.
• On Tuesday, June 16th, Josh Silverman sold 52,479 shares of Etsy stock. The shares were sold at an average price of $74.00, for a total value of $3,883,446.00.
• On Monday, June 1st, Josh Silverman sold 134,730 shares of Etsy stock. The stock was sold at an average price of $68.89, for a total value of $9,281,549.70.

Etsy Stock Down 4.2%

Shares of ETSY traded down $3.57 during midday trading on Thursday, reaching $82.29. 7,000,711 shares of the stock were exchanged, compared to its average volume of 3,264,664. The company has a market cap of $7.81 billion, a price-to-earnings ratio of 34.29, a P/E/G ratio of 3.39 and a beta of 1.84. Etsy Inc has a 12-month low of $44.00 and a 12-month high of $87.97. The firm has a 50 day simple moving average of $76.79 and a 200-day simple moving average of $63.40.

Analyst Upgrades and Downgrades

ETSY has been the topic of a number of recent research reports. The Goldman Sachs Group upgraded shares of Etsy from a “sell” rating to a “neutral” rating in a report on Thursday, May 21st. B. Riley Financial cut shares of Etsy from a “buy” rating to a “neutral” rating and upped their price objective for the stock from $70.00 to $75.00 in a report on Thursday, April 30th. Morgan Stanley set a $64.00 target price on Etsy in a report on Wednesday, April 29th. JPMorgan Chase & Co. boosted their price target on Etsy from $78.00 to $85.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 15th. Finally, Susquehanna downgraded Etsy to a “neutral” rating in a research note on Thursday, May 21st. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, twenty have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Etsy presently has a consensus rating of “Hold” and a consensus price target of $76.28.

Trending Headlines about Etsy

Here are the key news stories impacting Etsy this week:

• Positive Sentiment: Q2 earnings beat estimates and the outlook was raised. Etsy reported adjusted earnings of $1.34 per share, above the $1.17 consensus, while revenue of approximately $668 million also exceeded expectations. Gross merchandise sales, Etsy Ads and operating leverage supported results, and stronger margins helped management raise its 2026 outlook. ETSY Q2 Earnings Beat on GMS and Ads Strength, Revenues Rise Y/Y
• Positive Sentiment: A new $2 billion share-repurchase authorization could support per-share results. The buyback gives Etsy significant flexibility to return capital and may signal management’s confidence that the shares are attractive over the long term. Etsy to Cut 12% of Workforce as It Simplifies Operations
• Positive Sentiment: Etsy’s artificial-intelligence initiatives are beginning to contribute to the turnaround narrative. Management is using AI to personalize shopping, improve product discovery and develop conversational commerce tools, potentially increasing engagement and marketplace conversion. Etsy’s Three-Way AI Bet Is Starting to Pay Off
• Neutral Sentiment: Etsy will present at the Canaccord Genuity Growth Conference on August 12. The webcast could provide additional detail on marketplace trends, restructuring and the company’s AI strategy, but it does not immediately change the financial outlook. Etsy to Participate in Upcoming Investor Conference
• Negative Sentiment: Etsy is eliminating about 220 jobs, or 12% of its workforce. Management says the restructuring will simplify the organization and speed decision-making, but the scale of the cuts highlights execution concerns and may unsettle investors even after the earnings beat. Etsy lays off 12% of worker as part of restructuring plan
• Negative Sentiment: Revenue was essentially flat year over year. The earnings improvement was driven more by advertising, cost discipline and operating leverage than by robust marketplace sales growth, raising questions about the durability of the recovery.
• Negative Sentiment: Valuation and insider selling add pressure. Analysts generally rate Etsy Hold, with the average price target below the current trading range; separate director and executive sales were conducted under pre-arranged trading plans but may nevertheless weigh on sentiment.

Institutional Investors Weigh In On Etsy

Several hedge funds and other institutional investors have recently made changes to their positions in ETSY. Massachusetts Financial Services Co. MA grew its holdings in shares of Etsy by 33.7% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 187,028 shares of the company’s stock worth $10,369,000 after purchasing an additional 47,105 shares in the last quarter. Janus Henderson Group PLC raised its stake in shares of Etsy by 627.2% in the first quarter. Janus Henderson Group PLC now owns 279,407 shares of the company’s stock valued at $13,962,000 after purchasing an additional 240,986 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its position in Etsy by 51.4% in the first quarter. Arrowstreet Capital Limited Partnership now owns 3,278,123 shares of the company’s stock worth $163,841,000 after purchasing an additional 1,112,520 shares during the period. Crossmark Global Holdings Inc. lifted its position in Etsy by 338.4% in the fourth quarter. Crossmark Global Holdings Inc. now owns 103,497 shares of the company’s stock worth $5,738,000 after purchasing an additional 79,888 shares during the period. Finally, SG Americas Securities LLC boosted its stake in 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 buying an additional 1,314,071 shares in the last quarter. 99.53% of the stock is owned by institutional investors and hedge funds.

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.