Etsy (NYSE:ETSY) Given New $100.00 Price Target at Needham & Company LLC

Etsy (NYSE:ETSY) had its price target boosted by equities research analysts at Needham & Company LLC from $85.00 to $100.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Needham & Company LLC’s price objective suggests a potential upside of 21.52% from the stock’s previous close.

A number of other equities research analysts also recently weighed in on the company. Weiss Ratings upgraded Etsy from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, May 13th. Sanford C. Bernstein increased their price objective on shares of Etsy from $60.00 to $65.00 and gave the company a “market perform” rating in a report on Thursday, April 30th. Evercore set a $83.00 target price on shares of Etsy in a report on Thursday. The Goldman Sachs Group raised Etsy from a “sell” rating to a “neutral” rating in a research note on Thursday, May 21st. Finally, Guggenheim assumed coverage on Etsy in a research report on Thursday, May 21st. They issued a “buy” rating on the stock. One 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 MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $78.16.

Etsy Price Performance

ETSY stock opened at $82.29 on Friday. The company has a 50 day moving average price of $77.10 and a 200 day moving average price of $63.55. Etsy has a fifty-two week low of $44.00 and a fifty-two week high of $87.97. The stock has a market capitalization of $7.81 billion, a PE ratio of 45.97, a price-to-earnings-growth ratio of 3.36 and a beta of 1.84.

Insider Buying and Selling at Etsy

In other news, insider Josh Silverman sold 134,730 shares of the firm’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $68.89, for a total transaction of $9,281,549.70. Following the completion of the sale, the insider owned 130,694 shares in the company, valued at approximately $9,003,509.66. This trade represents a 50.76% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Frederick R. Wilson sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $83.22, for a total value of $1,664,400.00. Following the sale, the director owned 421,329 shares of the company’s stock, valued at approximately $35,062,999.38. This represents a 4.53% decrease in their position. 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 sold 596,310 shares of company stock worth $44,425,234. Corporate insiders own 2.50% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of ETSY. EFG International AG acquired a new stake in Etsy in the fourth quarter valued at approximately $33,000. Global Retirement Partners LLC bought a new stake in shares of Etsy during the second quarter worth about $34,000. Blue Trust Inc. raised its holdings in Etsy by 19.3% in the 1st quarter. Blue Trust Inc. now owns 1,238 shares of the company’s stock valued at $62,000 after buying an additional 200 shares during the last quarter. Danske Bank A S bought a new stake in Etsy during the 3rd quarter worth approximately $66,000. Finally, Federation des caisses Desjardins du Quebec raised its stake in shares of Etsy by 22.8% during the fourth quarter. Federation des caisses Desjardins du Quebec now owns 1,210 shares of the company’s stock valued at $67,000 after acquiring an additional 225 shares during the last quarter. Institutional investors own 99.53% of the company’s stock.

Key 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.