Etsy (NYSE:ETSY) Research Coverage Started at Rosenblatt Securities

Rosenblatt Securities initiated coverage on shares of Etsy (NYSE:ETSY) in a report released on Thursday morning, MarketBeat reports. The brokerage issued a buy rating and a $95.00 price target on the stock.

Several other analysts also recently issued reports on the stock. The Goldman Sachs Group started coverage on shares of Etsy in a research note on Monday, August 17th. They set a “neutral” rating and a $89.00 target price on the stock. BTIG Research cut Etsy from a “buy” rating to a “neutral” rating in a research report on Thursday, July 16th. Cantor Fitzgerald lifted their price target on Etsy from $80.00 to $85.00 and gave the company a “neutral” rating in a report on Friday, August 7th. Argus raised Etsy from a “hold” rating to a “buy” rating and set a $67.00 price target on the stock in a research report on Thursday, May 21st. Finally, Susquehanna downgraded Etsy to a “neutral” rating in a research note on Thursday, May 21st. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, eighteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $84.68.

Etsy Price Performance

Etsy stock opened at $80.69 on Thursday. The firm’s 50 day simple moving average is $79.76 and its 200-day simple moving average is $65.19. The company has a market cap of $7.66 billion, a P/E ratio of 45.08, a price-to-earnings-growth ratio of 5.55 and a beta of 1.84. Etsy has a fifty-two week low of $44.00 and a fifty-two week high of $87.97.

Etsy (NYSE:ETSY) last issued its quarterly earnings results on Wednesday, August 5th. The company reported ($0.49) EPS for the quarter, missing the consensus estimate of $0.75 by ($1.24). Etsy had a net margin of 7.32% and a negative return on equity of 34.18%. The firm had revenue of $668.31 million during the quarter, compared to analysts’ expectations of $646.10 million. During the same quarter last year, the company posted $0.25 EPS. The firm’s revenue was down .7% compared to the same quarter last year. On average, analysts expect that Etsy will post 3.94 EPS for the current fiscal year.

Insider Buying and Selling

In other Etsy news, CAO Merilee Buckley sold 405 shares of Etsy stock in a transaction on Monday, August 17th. The shares were sold at an average price of $79.50, for a total transaction of $32,197.50. Following the completion of the sale, the chief accounting officer owned 167 shares of the company’s stock, valued at $13,276.50. This trade represents a 70.80% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Richard Edward Colburn III sold 8,252 shares of the business’s stock in a transaction on Monday, August 10th. The shares were sold at an average price of $82.09, for a total transaction of $677,406.68. Following the transaction, the insider owned 6,503 shares in the company, valued at approximately $533,831.27. This represents a 55.93% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 584,967 shares of company stock worth $43,908,631. Insiders own 2.50% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Landscape Capital Management L.L.C. bought a new stake in Etsy in the second quarter worth approximately $6,466,000. Janus Henderson Group PLC raised its holdings in shares of Etsy by 627.2% during the 1st 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 raised 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 valued at $163,841,000 after purchasing an additional 1,112,520 shares in the last quarter. Crossmark Global Holdings Inc. lifted its stake in shares of Etsy by 338.4% in the 4th quarter. Crossmark Global Holdings Inc. now owns 103,497 shares of the company’s stock valued at $5,738,000 after purchasing an additional 79,888 shares during the last quarter. Finally, SG Americas Securities LLC lifted its stake in shares of Etsy by 717.7% in the 1st quarter. SG Americas Securities LLC now owns 1,497,174 shares of the company’s stock valued at $74,829,000 after purchasing an additional 1,314,071 shares during the last quarter. Hedge funds and other institutional investors own 99.53% of the company’s stock.

Etsy News Summary

Here are the key news stories impacting Etsy this week:

• Positive Sentiment: Bank of America upgraded Etsy from “Neutral” to “Buy” and raised its price target from $88 to $95. The firm said recent growth appears increasingly structural rather than temporary, citing improved execution under CEO Kruti Patel Goyal, stronger mobile engagement and conservative estimates. It also identified potential for more than $1 billion in share buybacks following the Depop sale. Etsy upgraded to buy at BofA on durable growth, buyback potential
• Positive Sentiment: Rosenblatt Securities initiated coverage with a “Buy” rating and a $95 price target, implying meaningful upside from recent trading levels, and subsequently upgraded the shares to “Strong Buy.” The bullish view adds momentum to Etsy’s improving analyst sentiment. Rosenblatt initiates Etsy coverage
• Positive Sentiment: Recent coverage characterizes Etsy’s rebound as potentially durable, while the company’s reported partnership with OpenAI may improve product discovery and marketplace engagement over time. Etsy Partners With OpenAI
• Neutral Sentiment: Goldman Sachs has begun research coverage on Etsy, but no rating or price target was provided in the available report. The broader analyst consensus remains “Hold,” with an average target of approximately $82.73, below the newer $95 targets.
• Negative Sentiment: Director Marla Blow sold 300 shares and Chief Accounting Officer Merilee Buckley sold 405 shares under pre-arranged Rule 10b5-1 plans. The transactions were relatively small, but insider selling can temper investor enthusiasm.
• Negative Sentiment: Etsy’s latest quarterly results included an adjusted EPS loss of $0.49 versus expectations for positive EPS of $0.75, while revenue declined 0.7% year over year. With a P/E ratio near 45, investors may demand continued evidence that the company’s growth recovery can justify its valuation.

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.