Etsy (NYSE:ETSY) Price Target Raised to $78.00

Etsy (NYSE:ETSY) had its target price boosted by BTIG Research from $65.00 to $78.00 in a research report sent to investors on Wednesday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

A number of other analysts also recently issued reports on ETSY. Stifel Nicolaus dropped their target price on shares of Etsy from $62.00 to $55.00 and set a “hold” rating for the company in a research report on Friday, February 20th. UBS Group increased their target price on shares of Etsy from $53.00 to $72.00 and gave the stock a “neutral” rating in a research report on Tuesday. Jefferies Financial Group dropped their target price on shares of Etsy from $62.00 to $55.00 and set a “hold” rating for the company in a research report on Thursday, February 12th. Raymond James Financial restated an “outperform” rating and issued a $75.00 price target on shares of Etsy in a report on Thursday, April 23rd. Finally, Zacks Research cut Etsy from a “strong-buy” rating to a “hold” rating in a report on Monday, April 20th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, nineteen have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $70.09.

Etsy Trading Down 1.8%

ETSY traded down $1.18 on Wednesday, reaching $63.16. 3,155,372 shares of the company’s stock were exchanged, compared to its average volume of 3,124,891. The company’s 50 day simple moving average is $55.48. The company has a market capitalization of $5.99 billion, a P/E ratio of 26.32, a price-to-earnings-growth ratio of 9.65 and a beta of 1.77. Etsy has a twelve month low of $42.97 and a twelve month high of $76.51.

Etsy (NYSE:ETSY) last posted its earnings results on Thursday, February 19th. The company reported $0.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.88 by $0.04. The firm had revenue of $881.64 million during the quarter. Etsy had a net margin of 9.94% and a negative return on equity of 28.60%. As a group, equities research analysts forecast that Etsy will post 3.16 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Etsy news, insider Josh Silverman sold 70,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 21st. The stock was sold at an average price of $65.00, for a total value of $4,550,000.00. Following the completion of the transaction, the insider owned 130,694 shares in the company, valued at $8,495,110. This represents a 34.88% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Charles Andrew Ballard sold 1,790 shares of the company’s stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $55.74, for a total value of $99,774.60. Following the completion of the transaction, the director owned 4,006 shares of the company’s stock, valued at approximately $223,294.44. This represents a 30.88% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 205,079 shares of company stock worth $12,768,270 in the last 90 days. 2.80% of the stock is owned by company insiders.

Hedge Funds Weigh In On Etsy

Several institutional investors and hedge funds have recently made changes to their positions in ETSY. Lone Pine Capital LLC purchased a new position in shares of Etsy during the 3rd quarter valued at approximately $257,614,000. SG Americas Securities LLC boosted its stake in shares of Etsy by 717.7% during the 1st quarter. SG Americas Securities LLC now owns 1,497,174 shares of the company’s stock valued at $74,829,000 after buying an additional 1,314,071 shares during the last quarter. AQR Capital Management LLC boosted its stake in shares of Etsy by 40.1% during 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 during the last quarter. Allianz Asset Management GmbH boosted its stake in shares of Etsy by 1,648.1% during the 3rd quarter. Allianz Asset Management GmbH now owns 706,679 shares of the company’s stock valued at $46,916,000 after buying an additional 666,253 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of Etsy during the 4th quarter valued at approximately $33,903,000. 99.53% of the stock is currently owned by hedge funds and other institutional investors.

More Etsy News

Here are the key news stories impacting Etsy this week:

• Positive Sentiment: Q1 results beat estimates: revenue and EPS topped forecasts; Etsy reported mid-single-digit GMS growth and its first buyer growth in two years, signaling improving marketplace momentum. ETSY Q1 Earnings & Revenues Surpass Estimates
• Positive Sentiment: Gross merchandise sales (GMS) +5.5% in Q1 and improving revenue mix as advertising/services drive growth and margins — key fundamentals investors reward. Etsy marketplace GMS rises 5.5% in first quarter
• Positive Sentiment: Several brokers raised price targets and issued buy/overweight calls (Needham to $85 buy; Canaccord to $80 buy; Barclays to $82 overweight; Truist to $85 buy), providing bullish analyst support. Broker Price Target Actions
• Neutral Sentiment: Management commentary and coverage note a “cautious recovery” from the earnings call — positive operational signs but management is measured on cadence of improvement. Earnings Call Highlights
• Neutral Sentiment: Product/marketplace stories emphasize a platform rebuild and trend-tailwinds (nostalgia/bold design) that may support long-term engagement but are execution-dependent. Marketplace Rebuild Paying Off
• Neutral Sentiment: Press pieces highlight AI/SEO algorithm changes that create urgency for sellers — mixed near-term impact (implementation frictions vs. longer-term search improvements). AI SEO Urgency for Sellers
• Negative Sentiment: Insider sale: former CEO Josh Silverman sold ~36,443 shares under a 10b5‑1 plan, reducing his stake by ~21.8% — often interpreted by markets as a near-term negative signal despite pre-arrangement. SEC Form 4
• Negative Sentiment: B. Riley downgraded ETSY from buy to neutral (PT $75) and Wells Fargo remains underweight despite a raised target — mixed-to-cautious analyst views could cap upside in the near term. B. Riley Downgrade
• Negative Sentiment: Morgan Stanley flagged sustainability questions even as growth returns — ESG scrutiny can pressure multiples and investor sentiment. Sustainability Questions

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.