Etsy (NYSE:ETSY) Stock Rating Upgraded by JPMorgan Chase & Co.

Etsy (NYSE:ETSY) was upgraded by equities researchers at JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating in a research report issued to clients and investors on Friday,Benzinga reports. The firm currently has a $100.00 price objective on the stock, up from their previous price objective of $85.00. JPMorgan Chase & Co.‘s price target would indicate a potential upside of 21.52% from the company’s previous close.

Other research analysts also recently issued research reports about the stock. Susquehanna downgraded shares of Etsy to a “neutral” rating in a report on Thursday, May 21st. Jefferies Financial Group increased their price target on shares of Etsy from $62.00 to $80.00 and gave the company a “hold” rating in a research note on Tuesday, July 14th. Arete Research set a $76.00 price objective on Etsy and gave the stock a “buy” rating in a research report on Wednesday, May 20th. The Goldman Sachs Group raised shares of Etsy from a “sell” rating to a “neutral” rating in a research note on Thursday, May 21st. Finally, Weiss Ratings upgraded shares of Etsy from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, May 13th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, nineteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $78.16.

Etsy Stock Performance

Shares of ETSY stock opened at $82.29 on Friday. Etsy has a twelve month low of $44.00 and a twelve month high of $87.97. The company has a market capitalization of $7.81 billion, a price-to-earnings ratio of 45.97, a PEG ratio of 3.36 and a beta of 1.84. The stock’s 50 day simple moving average is $77.10 and its 200 day simple moving average is $63.55.

Insider Activity

In related news, CFO Charles Baker sold 1,564 shares of Etsy stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $85.88, for a total transaction of $134,316.32. Following the completion of the transaction, the chief financial officer owned 11,357 shares in the company, valued at approximately $975,339.16. This trade represents a 12.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Merilee Buckley sold 881 shares of the business’s stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $75.35, for a total value of $66,383.35. Following the transaction, the chief accounting officer directly owned 405 shares in the company, valued at $30,516.75. The trade was a 68.51% decrease in their ownership of the stock. 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. Over the last quarter, insiders have sold 596,310 shares of company stock valued at $44,425,234. Company insiders own 2.50% of the company’s stock.

Institutional Investors Weigh In On Etsy

A number of large investors have recently bought and sold shares of ETSY. Renaissance Technologies LLC increased its holdings in Etsy by 11.1% in the 1st quarter. Renaissance Technologies LLC now owns 5,962,210 shares of the company’s stock valued at $297,991,000 after buying an additional 594,768 shares during the period. AQR Capital Management LLC raised its position in shares of Etsy by 40.1% in the 4th quarter. AQR Capital Management LLC now owns 4,111,639 shares of the company’s stock valued at $227,785,000 after buying an additional 1,177,301 shares in the last quarter. Van ECK Associates Corp lifted 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 worth $207,022,000 after acquiring an additional 39,067 shares during the period. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Etsy by 51.4% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 3,278,123 shares of the company’s stock worth $163,841,000 after acquiring an additional 1,112,520 shares during the period. Finally, Assenagon Asset Management S.A. boosted its position in shares of Etsy by 48.0% during the 2nd quarter. Assenagon Asset Management S.A. now owns 1,613,333 shares of the company’s stock worth $121,532,000 after acquiring an additional 523,092 shares in the last quarter. 99.53% of the stock is currently owned by institutional investors and hedge funds.

More Etsy News

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

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.