Etsy (NYSE:ETSY) Shares Gap Up on Analyst Upgrade

Shares of Etsy Inc (NYSE:ETSY) gapped up before the market opened on Wednesday after Canaccord Genuity Group raised their price target on the stock from $72.00 to $80.00. The stock had previously closed at $63.21, but opened at $67.00. Canaccord Genuity Group currently has a buy rating on the stock. Etsy shares last traded at $67.9150, with a volume of 1,367,326 shares.

ETSY has been the topic of a number of other reports. B. Riley Financial cut shares of Etsy from a “buy” rating to a “neutral” rating and lifted their target price for the company from $70.00 to $75.00 in a report on Thursday. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Etsy from $74.00 to $75.00 and gave the company a “hold” rating in a report on Thursday. Raymond James Financial reaffirmed an “outperform” rating and issued a $75.00 target price on shares of Etsy in a report on Thursday, April 23rd. Evercore set a $72.00 target price on shares of Etsy in a report on Wednesday. Finally, Needham & Company LLC lifted their target price on shares of Etsy from $65.00 to $85.00 and gave the company a “buy” rating in a report on Thursday. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, nineteen have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Etsy presently has an average rating of “Hold” and an average target price of $70.09.

Insider Buying and Selling at Etsy

In other Etsy news, CAO Merilee Buckley sold 1,993 shares of the business’s stock in a transaction on Monday, April 6th. The shares were sold at an average price of $52.92, for a total value of $105,469.56. Following the transaction, the chief accounting officer directly owned 809 shares of the company’s stock, valued at approximately $42,812.28. The trade was a 71.13% decrease in their position. The sale was disclosed in a filing 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 Charles Andrew Ballard sold 1,790 shares of the business’s stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $55.74, for a total transaction of $99,774.60. Following the completion of the transaction, the director directly owned 4,006 shares in the company, valued at $223,294.44. This represents a 30.88% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 168,636 shares of company stock valued at $10,253,703. 2.80% of the stock is owned by company insiders.

More Etsy News

Here are the key news stories impacting Etsy this week:

• Positive Sentiment: Q1 results surprised on the upside — revenue topped expectations, gross merchandise sales returned to year-over-year growth and Etsy reported its first buyer growth in two years, supporting a firmer near-term outlook. Online marketplace Etsy beats revenue estimates
• Positive Sentiment: Needham raised its price target sharply to $85 and maintained a buy rating — a clear vote of confidence that helps justify a higher valuation. Etsy Given New $85.00 Price Target at Needham
• Positive Sentiment: Several brokers raised targets/ratings after the quarter (Canaccord to $80 buy, Truist to $85 buy, Barclays to $82 overweight, BTIG to $78 buy), reinforcing momentum-driven upside from improving fundamentals. Analyst price target roundup
• Neutral Sentiment: JPMorgan raised its target to $75 but kept a neutral rating — a nod to recovery but not yet a return to conviction, so impact is mixed. JPMorgan raises price target to $75
• Neutral Sentiment: AI is a focal point: Etsy is pushing AI tools to improve discovery and attract lost shoppers, but sellers face urgent SEO adjustments after algorithm changes — this is strategically positive long-term but creates short-term execution risk. Etsy Bets on AI to Attract Shoppers AI SEO becomes urgent for Etsy sellers
• Negative Sentiment: B. Riley downgraded Etsy from buy to neutral despite raising its price target to $75 — the downgrade signals some analyst caution about momentum sustainability. Etsy Downgraded by B. Riley Financial
• Negative Sentiment: Morgan Stanley flagged sustainability questions even as GMV and revenue recover, which could weigh on valuation if ESG or long-term growth concerns persist. Etsy Faces Sustainability Questions

Hedge Funds Weigh In On Etsy

Institutional investors have recently bought and sold shares of the company. EFG International AG acquired a new position in Etsy in the 4th quarter valued at $33,000. Salomon & Ludwin LLC acquired a new position in Etsy in the 3rd quarter valued at $55,000. SJS Investment Consulting Inc. increased its stake in Etsy by 12,600.0% in the 3rd quarter. SJS Investment Consulting Inc. now owns 762 shares of the company’s stock valued at $51,000 after buying an additional 756 shares during the period. Abich Financial Wealth Management LLC acquired a new position in Etsy in the 3rd quarter valued at $51,000. Finally, Danske Bank A S acquired a new position in Etsy in the 3rd quarter valued at $66,000. 99.53% of the stock is owned by institutional investors and hedge funds.

Etsy Price Performance

The stock has a market capitalization of $6.10 billion, a P/E ratio of 26.80, a price-to-earnings-growth ratio of 10.43 and a beta of 1.77. The stock’s 50 day simple moving average is $55.48.

Etsy (NYSE:ETSY) last issued its earnings results on Thursday, February 19th. The company reported $0.92 EPS for the quarter, topping the consensus estimate of $0.88 by $0.04. The company had revenue of $881.64 million for the quarter. Etsy had a net margin of 9.94% and a negative return on equity of 28.60%. On average, analysts forecast that Etsy Inc will post 3.16 earnings per share for the current fiscal year.

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.