Etsy (NASDAQ:ETSY) Price Target Lowered to $65.00 at Needham & Company LLC

Etsy (NASDAQ:ETSY) had its target price decreased by equities research analysts at Needham & Company LLC from $76.00 to $65.00 in a report issued on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the specialty retailer’s stock. Needham & Company LLC’s price target would indicate a potential upside of 34.70% from the company’s current price.

Several other brokerages have also recently commented on ETSY. Wedbush dropped their target price on Etsy from $72.00 to $66.00 and set a “neutral” rating on the stock in a report on Friday, December 19th. Stifel Nicolaus dropped their price objective on Etsy from $65.00 to $62.00 and set a “hold” rating on the stock in a research note on Tuesday, January 27th. Truist Financial upped their price objective on Etsy from $75.00 to $80.00 and gave the company a “buy” rating in a report on Wednesday, October 29th. Jefferies Financial Group lowered their target price on Etsy from $62.00 to $55.00 and set a “hold” rating on the stock in a report on Thursday, February 12th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $72.00 price target on shares of Etsy in a report on Thursday, October 23rd. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eighteen have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $61.52.

Etsy Trading Up 9.5%

Etsy stock opened at $48.25 on Friday. The company’s 50-day moving average price is $55.66 and its two-hundred day moving average price is $59.49. The stock has a market cap of $4.76 billion, a price-to-earnings ratio of 38.91, a PEG ratio of 10.65 and a beta of 1.77. Etsy has a 52 week low of $40.05 and a 52 week high of $76.51.

Etsy announced that its Board of Directors has approved a stock repurchase plan on Thursday, December 18th that authorizes the company to buyback $750.00 million in shares. This buyback authorization authorizes the specialty retailer to repurchase up to 14.2% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

Insider Transactions at Etsy

In related news, insider Josh Silverman sold 86,666 shares of Etsy stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $57.46, for a total value of $4,979,828.36. Following the transaction, the insider owned 90,661 shares of the company’s stock, valued at approximately $5,209,381.06. This trade represents a 48.87% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Merilee Buckley sold 5,636 shares of the company’s stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $58.45, for a total transaction of $329,424.20. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 135,934 shares of company stock worth $7,661,068 in the last three months. 2.80% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Etsy

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Public Sector Pension Investment Board lifted its stake in Etsy by 21.2% in the 3rd quarter. Public Sector Pension Investment Board now owns 430,824 shares of the specialty retailer’s stock worth $28,602,000 after acquiring an additional 75,295 shares in the last quarter. Allianz Asset Management GmbH increased its holdings in shares of Etsy by 1,648.1% in the 3rd quarter. Allianz Asset Management GmbH now owns 706,679 shares of the specialty retailer’s stock valued at $46,916,000 after purchasing an additional 666,253 shares during the period. Monaco Asset Management SAM acquired a new position in shares of Etsy in the 2nd quarter valued at about $1,254,000. Y Intercept Hong Kong Ltd purchased a new stake in shares of Etsy in the second quarter worth approximately $8,671,000. Finally, Great Lakes Advisors LLC acquired a new stake in shares of Etsy during the third quarter worth approximately $1,889,000. 99.53% of the stock is currently owned by hedge funds and other institutional investors.

Etsy News Roundup

Here are the key news stories impacting Etsy this week:

• Positive Sentiment: Etsy agreed to sell Depop to eBay for about $1.2 billion in cash — a meaningful one‑time cash infusion that reduces non‑core exposure and lets Etsy refocus on its core marketplace. Investors are treating the deal as a catalyst. Read More.
• Positive Sentiment: Quarterly results showed an EPS beat and the marketplace returned to slight year‑over‑year GMS growth, with management citing improving buyer engagement and plans to push AI and mobile to restart growth. Those operational signs helped sentiment. Read More.
• Positive Sentiment: Elevated short interest amplified the move — short covering on the Depop deal and earnings beat contributed to the outsized intraday rally. Read More.
• Neutral Sentiment: A company director disclosed a small insider sale (300 shares). It’s a routine filing but worth noting. Read More.
• Negative Sentiment: Coverage notes the Depop sale was at a markdown versus what Etsy previously paid, implying a strategic misstep and crystallized loss that raises questions about past allocation of capital. That dampens the long‑term narrative for some investors. Read More.
• Negative Sentiment: UBS kept a Hold rating and cut its price target to $53, citing only modest GMS growth and a valuation reset — a reminder analysts remain cautious despite the one‑time cash infusion. Read More.

About Etsy

Etsy, Inc (NASDAQ: ETSY) operates a global e-commerce marketplace focused on handmade, vintage and unique goods. The platform connects individual artisans, small businesses and collectors with buyers seeking one-of-a-kind items, ranging from handcrafted jewelry and clothing to home décor and art supplies. Etsy’s revenue is primarily generated through listing fees, transaction fees on sales and optional seller services such as advertising and shipping labels.

Founded in 2005 and headquartered in Brooklyn, New York, Etsy has cultivated a community-driven ethos, encouraging sustainable practices and personal entrepreneurship.