Etsy Inc (NYSE:ETSY) Given Consensus Rating of “Moderate Buy” by Brokerages

Etsy Inc (NYSE:ETSY) has received an average recommendation of “Moderate Buy” from the thirty-five research firms that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, seventeen have assigned a hold recommendation, thirteen have given a buy recommendation and four have assigned a strong buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $85.6207.

Several brokerages have weighed in on ETSY. Morgan Stanley upgraded shares of Etsy from an “underweight” rating to an “outperform” rating in a research note on Thursday, August 20th. Guggenheim raised their target price on shares of Etsy from $85.00 to $95.00 and gave the stock a “buy” rating in a report on Friday, August 7th. B. Riley Financial lifted their price target on shares of Etsy from $75.00 to $82.00 and gave the company a “neutral” rating in a research report on Monday, August 10th. JPMorgan Chase & Co. upgraded Etsy from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $85.00 to $100.00 in a research note on Friday, August 7th. Finally, Sanford C. Bernstein raised Etsy from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 11th.

Etsy Price Performance

ETSY stock opened at $73.99 on Friday. The stock has a market capitalization of $7.02 billion, a price-to-earnings ratio of 41.34, a PEG ratio of 1.86 and a beta of 1.81. The business’s fifty day moving average price is $80.86 and its two-hundred day moving average price is $68.62. Etsy has a fifty-two week low of $44.00 and a fifty-two week high of $87.97.

Etsy (NYSE:ETSY) last posted its earnings results on Wednesday, August 5th. The company reported ($0.49) earnings per share 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 firm had revenue of $668.31 million for the quarter, compared to analyst estimates of $646.10 million. During the same period in the prior year, the business posted $0.25 EPS. The firm’s quarterly revenue was down .7% compared to the same quarter last year. Research analysts expect 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: Oppenheimer upgraded Etsy to Outperform and set a $90 price target, implying additional upside. The firm values Etsy at 12 times projected 2027 EBITDA and applies a roughly 10% discount to eBay, suggesting the stock remains reasonably valued relative to a marketplace peer. Etsy Shares Rise 2.9% as Oppenheimer Upgrades Stock to Outperform
• Positive Sentiment: Oppenheimer said Etsy’s AI-powered search is improving product discovery and winning over shoppers. Along with other product enhancements, the changes could support better conversion, buyer engagement and marketplace growth. Etsy’s AI search wins over shoppers — Oppenheimer
• Positive Sentiment: The analyst believes Etsy could reach the high end of its gross merchandise sales guidance, indicating improving transaction trends could support upward revisions to expectations. Etsy Could Meet High End of GMS Guidance Amid AI Search, Product Improvements
• Neutral Sentiment: The bullish view is primarily based on execution and future growth rather than a new earnings report. Etsy’s most recent quarter included an earnings miss and slightly lower year-over-year revenue, leaving investors dependent on evidence that AI search and product improvements can translate into sustained sales growth. Etsy Positioned for Growth on AI Search, Product Improvements, Oppenheimer Says

Insider Activity at Etsy

In related news, insider Richard Edward Colburn III sold 2,913 shares of the business’s stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $82.11, for a total value of $239,186.43. Following the completion of the transaction, the insider owned 6,503 shares of the company’s stock, valued at $533,961.33. The trade was a 30.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CAO Merilee Buckley sold 405 shares of the stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $79.50, for a total transaction of $32,197.50. Following the sale, the chief accounting officer owned 167 shares in the company, valued at $13,276.50. The trade was a 70.80% 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. Insiders sold a total of 368,538 shares of company stock worth $29,085,228 in the last quarter. 2.50% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Sequoia Financial Advisors LLC increased its stake in shares of Etsy by 10.3% in the second quarter. Sequoia Financial Advisors LLC now owns 4,584 shares of the company’s stock valued at $345,000 after buying an additional 429 shares during the period. Engineers Gate Manager LP grew its holdings in Etsy by 56.2% during the 2nd quarter. Engineers Gate Manager LP now owns 77,568 shares of the company’s stock worth $5,843,000 after acquiring an additional 27,908 shares during the last quarter. Baird Financial Group Inc. bought a new stake in Etsy during the 2nd quarter worth approximately $226,000. Allworth Financial LP increased its position in Etsy by 37.8% in the 2nd quarter. Allworth Financial LP now owns 1,808 shares of the company’s stock valued at $136,000 after acquiring an additional 496 shares during the period. Finally, Empirical Finance LLC acquired a new position in Etsy in the 2nd quarter valued at approximately $267,000. 99.53% of the stock is owned by institutional investors.

Etsy Company Profile

Etsy, Inc operates a global online marketplace that connects buyers with independent sellers offering handmade, personalized and vintage goods, as well as craft supplies. Its marketplace includes products such as jewelry, clothing, home décor, art, gifts and party supplies.

The company provides tools and services that support commerce on its platform, including seller storefronts, search and discovery features, payment processing, advertising, shipping solutions and customer support. Etsy primarily serves individual entrepreneurs and small businesses seeking to reach consumers interested in distinctive and creatively designed products.

Founded in 2005 and headquartered in Brooklyn, New York, Etsy serves buyers and sellers in numerous countries.