Analysts Set Etsy Inc (NYSE:ETSY) Target Price at $81.50

Etsy Inc (NYSE:ETSY) has been assigned an average recommendation of “Hold” from the thirty-four ratings firms that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, eighteen have given a hold recommendation, thirteen have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $84.6786.

A number of equities research analysts have recently commented on ETSY shares. President Capital upgraded shares of Etsy from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $57.00 to $91.00 in a report on Thursday, June 25th. Zacks Research downgraded shares of Etsy from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 14th. JPMorgan Chase & Co. raised shares of Etsy from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $85.00 to $100.00 in a research note on Friday, August 7th. Roth Capital started coverage on shares of Etsy in a research report on Thursday, May 21st. They set a “buy” rating on the stock. Finally, Needham & Company LLC lifted their target price on shares of Etsy from $85.00 to $100.00 and gave the stock a “buy” rating in a research note on Friday, August 7th.

Etsy Stock Down 0.6%

NYSE ETSY opened at $80.69 on Monday. Etsy has a fifty-two week low of $44.00 and a fifty-two week high of $87.97. The business has a fifty day moving average of $79.76 and a 200-day moving average of $65.19. The stock has a market cap of $7.66 billion, a price-to-earnings ratio of 45.08, a price-to-earnings-growth ratio of 5.56 and a beta of 1.84.

Etsy (NYSE:ETSY) last posted its quarterly earnings data on Wednesday, August 5th. The company reported ($0.49) EPS for the quarter, missing analysts’ consensus estimates of $0.75 by ($1.24). Etsy had a negative return on equity of 34.18% and a net margin of 7.32%.The company had revenue of $668.31 million for the quarter, compared to analysts’ expectations of $646.10 million. During the same quarter in the prior year, the business posted $0.25 EPS. The company’s revenue for the quarter was down .7% compared to the same quarter last year. As a group, analysts anticipate that Etsy will post 3.94 EPS for the current year.

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.

Insiders Place Their Bets

In related news, insider Josh Silverman sold 134,730 shares of the company’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $68.89, for a total value of $9,281,549.70. Following the completion of the transaction, the insider directly owned 130,694 shares in the company, valued at approximately $9,003,509.66. This represents a 50.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Frederick R. Wilson sold 20,000 shares of the stock in a transaction dated 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 transaction, the director owned 421,329 shares in the company, valued at $35,062,999.38. This trade represents a 4.53% 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 have sold 584,967 shares of company stock worth $43,908,631. Corporate insiders own 2.50% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Smartleaf Asset Management LLC increased its position in Etsy by 10.0% during the second quarter. Smartleaf Asset Management LLC now owns 1,734 shares of the company’s stock worth $88,000 after purchasing an additional 158 shares during the last quarter. Alamea Verwaltungs GmbH raised its stake in Etsy by 2.3% during the second quarter. Alamea Verwaltungs GmbH now owns 7,380 shares of the company’s stock worth $370,000 after purchasing an additional 169 shares during the period. PNC Financial Services Group Inc. boosted its holdings in shares of Etsy by 2.4% in the 4th quarter. PNC Financial Services Group Inc. now owns 7,550 shares of the company’s stock valued at $419,000 after purchasing an additional 180 shares during the last quarter. Blue Trust Inc. boosted its holdings in shares of 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 purchasing an additional 200 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund grew its stake in shares of Etsy by 1.0% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 22,547 shares of the company’s stock valued at $1,250,000 after buying an additional 224 shares during the period. 99.53% of the stock is currently owned by hedge funds and other institutional investors.

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.