Etsy (NYSE:ETSY) Price Target Raised to $85.00 at Cantor Fitzgerald

Etsy (NYSE:ETSY) had its price target upped by investment analysts at Cantor Fitzgerald from $80.00 to $85.00 in a research report issued on Friday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Cantor Fitzgerald’s target price would indicate a potential upside of 3.29% from the stock’s current price.

Several other equities research analysts have also commented on the stock. Jefferies Financial Group upped their price target on shares of Etsy from $62.00 to $80.00 and gave the company a “hold” rating in a report on Tuesday, July 14th. Raymond James Financial lifted their price objective on Etsy from $75.00 to $92.00 and gave the company an “outperform” rating in a research note on Tuesday, July 21st. Bank of America raised their target price on Etsy from $72.00 to $75.00 and gave the stock a “neutral” rating in a report on Thursday, May 28th. The Goldman Sachs Group upgraded Etsy from a “sell” rating to a “neutral” rating in a research report on Thursday, May 21st. Finally, Sanford C. Bernstein boosted their price target on Etsy from $60.00 to $65.00 and gave the company a “market perform” rating in a report on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, nineteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Etsy presently has an average rating of “Hold” and a consensus price target of $78.16.

Etsy Price Performance

NYSE:ETSY opened at $82.29 on Friday. The firm has a market capitalization of $7.81 billion, a P/E ratio of 45.97, a PEG ratio of 3.36 and a beta of 1.84. Etsy has a 1-year low of $44.00 and a 1-year high of $87.97. The company’s fifty day moving average price is $77.10 and its 200-day moving average price is $63.55.

Insider Transactions at Etsy

In other Etsy news, CFO Charles Baker sold 1,564 shares of the stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $85.88, for a total transaction of $134,316.32. Following the completion of the transaction, the chief financial officer owned 11,357 shares of the company’s stock, valued at $975,339.16. This represents a 12.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Josh Silverman sold 6,294 shares of the firm’s stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $84.00, for a total value of $528,696.00. Following the completion of the transaction, the insider owned 249,559 shares in the company, valued at approximately $20,962,956. This trade represents a 2.46% decrease in their position. 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 quarter, insiders have sold 596,310 shares of company stock valued at $44,425,234. 2.50% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ETSY. Global Retirement Partners LLC acquired a new stake in Etsy during the 2nd quarter worth $34,000. EFG International AG purchased a new position in shares of Etsy in the fourth quarter worth about $33,000. Danske Bank A S acquired a new position in Etsy during the third quarter worth about $66,000. CoreCap Advisors LLC boosted its position in Etsy by 2,379.1% during the second quarter. CoreCap Advisors LLC now owns 1,066 shares of the company’s stock worth $80,000 after acquiring an additional 1,023 shares during the last quarter. Finally, Federation des caisses Desjardins du Quebec boosted its position in Etsy by 22.8% during the fourth quarter. Federation des caisses Desjardins du Quebec now owns 1,210 shares of the company’s stock worth $67,000 after acquiring an additional 225 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: 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.