Etsy (NASDAQ:ETSY) Price Target Lowered to $54.00 at Deutsche Bank Aktiengesellschaft

Etsy (NASDAQ:ETSY) had its target price reduced by stock analysts at Deutsche Bank Aktiengesellschaft from $63.00 to $54.00 in a research note issued on Tuesday,MarketScreener reports. The brokerage currently has a “hold” rating on the specialty retailer’s stock. Deutsche Bank Aktiengesellschaft’s target price suggests a potential upside of 1.18% from the company’s previous close.

ETSY has been the topic of several other reports. Raymond James Financial reissued an “outperform” rating and set a $78.00 target price (down from $80.00) on shares of Etsy in a research note on Thursday, October 30th. B. Riley Financial dropped their target price on shares of Etsy from $78.00 to $70.00 and set a “buy” rating for the company in a research report on Friday. UBS Group reduced their price target on shares of Etsy from $74.00 to $53.00 and set a “neutral” rating on the stock in a research report on Friday. Truist Financial raised their price objective on shares of Etsy from $80.00 to $83.00 and gave the stock a “buy” rating in a report on Friday. Finally, BNP Paribas Exane began coverage on Etsy in a report on Monday, November 24th. They set a “neutral” rating on the stock. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, eighteen have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $60.40.

Etsy Stock Performance

Shares of Etsy stock opened at $53.37 on Tuesday. The company’s 50 day moving average price is $55.61 and its 200-day moving average price is $59.44. Etsy has a 52-week low of $40.05 and a 52-week high of $76.51. The stock has a market capitalization of $5.14 billion, a price-to-earnings ratio of 43.65, a P/E/G ratio of 10.65 and a beta of 1.77.

Etsy declared that its board has approved a share repurchase program on Thursday, December 18th that permits the company to repurchase $750.00 million in outstanding shares. This repurchase authorization permits the specialty retailer to buy up to 14.2% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.

Insider Activity at Etsy

In related news, CAO Merilee Buckley sold 5,636 shares of Etsy stock in a transaction on Monday, January 5th. The shares were sold at an average price of $58.45, for a total value of $329,424.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Josh Silverman sold 21,666 shares of the firm’s stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $53.26, for a total value of $1,153,931.16. Following the transaction, the insider owned 90,661 shares in the company, valued at approximately $4,828,604.86. This trade represents a 19.29% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 135,934 shares of company stock valued at $7,661,068 over the last three months. Insiders own 2.80% of the company’s stock.

Hedge Funds Weigh In On Etsy

Hedge funds have recently added to or reduced their stakes in the company. Public Sector Pension Investment Board grew its holdings in shares of Etsy by 21.2% in the 3rd quarter. Public Sector Pension Investment Board now owns 430,824 shares of the specialty retailer’s stock valued at $28,602,000 after buying an additional 75,295 shares during the period. Allianz Asset Management GmbH increased its position in Etsy by 1,648.1% during the 3rd quarter. Allianz Asset Management GmbH now owns 706,679 shares of the specialty retailer’s stock worth $46,916,000 after buying an additional 666,253 shares during the period. Monaco Asset Management SAM bought a new stake in Etsy in the 2nd quarter valued at about $1,254,000. Great Lakes Advisors LLC acquired a new position in Etsy in the 3rd quarter valued at $1,889,000. Finally, Arrowstreet Capital Limited Partnership lifted its stake in Etsy by 62.3% during the second quarter. Arrowstreet Capital Limited Partnership now owns 3,692,134 shares of the specialty retailer’s stock worth $185,197,000 after purchasing an additional 1,416,772 shares during the last quarter. Institutional investors own 99.53% of the company’s stock.

Key Stories Impacting Etsy

Here are the key news stories impacting Etsy this week:

• Positive Sentiment: Truist raised its target on Etsy to $83 and kept a Buy rating after Etsy’s Q4 results and Q1 guidance, signaling confidence in near-term recovery and providing bullish analyst support. Truist Raises Target Price on Etsy to $83 Price Target Raised to $83
• Positive Sentiment: A bullish analysis argues “green shoots” are materializing at Etsy — suggesting early signs of revenue/merchant improvement that could support re-acceleration if sustained. Etsy: Green Shoots Are Materializing
• Neutral Sentiment: Consensus brokerage coverage remains mixed overall — the firmwide average rating is a “Hold,” indicating analysts are divided and limiting a strong directional catalyst until clarity on growth momentum. Etsy Receives Average Rating of Hold
• Negative Sentiment: Multiple firms cut price targets this morning (JPMorgan to $58, B. Riley to $70, Wells Fargo to $47, Cantor Fitzgerald to $51, Stifel to $55, Needham to $65), putting downward pressure on sentiment and reflecting skepticism about near-term margin and GMV trajectory. JPMorgan Cuts Price Target to $58 B. Riley Cuts to $70 Wells Fargo Cuts to $47 Cantor Fitzgerald Cuts to $51 Stifel Cuts to $55 Needham Cuts to $65
• Negative Sentiment: Macro risk: Reuters reports renewed U.S. tariff measures (new 15% duty) that raise cross-border trade uncertainty — a headwind for Etsy’s marketplace of international sellers and buyers. Trump’s New Tariffs Spell More Uncertainty

About Etsy

Etsy, Inc (NASDAQ: ETSY) operates a global e-commerce marketplace focused on handmade, vintage and unique goods. The platform connects individual artisans, small businesses and collectors with buyers seeking one-of-a-kind items, ranging from handcrafted jewelry and clothing to home décor and art supplies. Etsy’s revenue is primarily generated through listing fees, transaction fees on sales and optional seller services such as advertising and shipping labels.

Founded in 2005 and headquartered in Brooklyn, New York, Etsy has cultivated a community-driven ethos, encouraging sustainable practices and personal entrepreneurship.