Wall Street Zen Downgrades Etsy (NYSE:ETSY) to Hold

Etsy (NYSE:ETSY) was downgraded by analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued to investors on Saturday.

ETSY has been the subject of a number of other reports. BTIG Research increased their price target on shares of Etsy from $65.00 to $78.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Truist Financial increased 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. B. Riley Financial downgraded shares of Etsy from a “buy” rating to a “neutral” rating and raised their price objective for the stock from $70.00 to $75.00 in a report on Thursday. Barclays raised their price objective on shares of Etsy from $72.00 to $82.00 and gave the stock an “overweight” rating in a report on Thursday. Finally, Guggenheim raised their price objective on shares of Etsy from $75.00 to $85.00 and gave the stock a “buy” rating in a report on Thursday. 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’s stock. Based on data from MarketBeat.com, Etsy presently has a consensus rating of “Hold” and a consensus target price of $70.09.

Etsy Trading Down 0.0%

Shares of Etsy stock opened at $63.16 on Friday. Etsy has a fifty-two week low of $42.97 and a fifty-two week high of $76.51. The firm has a fifty day moving average of $55.48. The company has a market cap of $5.99 billion, a P/E ratio of 26.32, a PEG ratio of 2.59 and a beta of 1.89.

Etsy (NYSE:ETSY) last issued its quarterly earnings results on Thursday, February 19th. The company reported $0.92 earnings per share for the quarter, beating analysts’ consensus estimates of $0.88 by $0.04. Etsy had a net margin of 9.94% and a negative return on equity of 28.60%. The firm had revenue of $881.64 million during the quarter. As a group, analysts forecast that Etsy will post 3.71 earnings per share for the current year.

Insider Transactions at Etsy

In other news, Director Charles Andrew Ballard sold 1,790 shares of the firm’s stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $55.74, for a total transaction of $99,774.60. Following the completion of the transaction, the director directly owned 4,006 shares of the company’s stock, valued at approximately $223,294.44. This trade represents a 30.88% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Josh Silverman sold 70,000 shares of the firm’s stock in a transaction dated Tuesday, April 21st. The stock was sold at an average price of $65.00, for a total transaction of $4,550,000.00. Following the transaction, the insider directly owned 130,694 shares of the company’s stock, valued at $8,495,110. The trade was a 34.88% 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. In the last three months, insiders sold 183,413 shares of company stock valued at $11,614,338. Company insiders own 2.50% of the company’s stock.

Institutional Investors Weigh In On Etsy

Hedge funds have recently made changes to their positions in the company. EFG International AG acquired a new stake in shares of Etsy during the 4th quarter worth about $33,000. SJS Investment Consulting Inc. increased its position in shares of Etsy by 12,600.0% during the 3rd quarter. SJS Investment Consulting Inc. now owns 762 shares of the company’s stock worth $51,000 after purchasing an additional 756 shares in the last quarter. Abich Financial Wealth Management LLC acquired a new stake in shares of Etsy during the 3rd quarter worth about $51,000. Salomon & Ludwin LLC acquired a new stake in shares of Etsy during the 3rd quarter worth about $55,000. Finally, Blue Trust Inc. increased its position in shares of 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 purchasing an additional 200 shares in the last quarter. Institutional investors and hedge funds own 99.53% of the company’s stock.

Key Headlines Impacting Etsy

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

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.