Etsy Inc (NYSE:ETSY – Get Free Report) insider Josh Silverman sold 6,294 shares of the company’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 directly owned 249,559 shares of the company’s stock, valued at $20,962,956. This trade represents a 2.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Josh Silverman also recently made the following trade(s):
- On Monday, August 3rd, Josh Silverman sold 41,108 shares of Etsy stock. The stock was sold at an average price of $83.11, for a total transaction of $3,416,485.88.
- On Friday, July 10th, Josh Silverman sold 39,161 shares of Etsy stock. The stock was sold at an average price of $79.00, for a total transaction of $3,093,719.00.
- On Wednesday, July 1st, Josh Silverman sold 92,404 shares of Etsy stock. The shares were sold at an average price of $74.93, for a total transaction of $6,923,831.72.
- On Wednesday, June 24th, Josh Silverman sold 97,389 shares of Etsy stock. The shares were sold at an average price of $79.00, for a total transaction of $7,693,731.00.
- On Monday, June 15th, Josh Silverman sold 50,000 shares of Etsy stock. The stock was sold at an average price of $72.50, for a total transaction of $3,625,000.00.
- On Tuesday, June 16th, Josh Silverman sold 52,479 shares of Etsy stock. The shares were sold at an average price of $74.00, for a total transaction of $3,883,446.00.
- On Monday, June 1st, Josh Silverman sold 134,730 shares of Etsy stock. The shares were sold at an average price of $68.89, for a total transaction of $9,281,549.70.
Etsy Stock Performance
Shares of ETSY stock opened at $85.45 on Friday. The stock’s 50-day moving average is $77.45 and its two-hundred day moving average is $63.70. Etsy Inc has a 1 year low of $44.00 and a 1 year high of $87.97. The firm has a market cap of $8.11 billion, a price-to-earnings ratio of 47.74, a PEG ratio of 3.22 and a beta of 1.84.
Key Headlines Impacting Etsy
- Positive Sentiment: Q2 earnings beat expectations: Etsy reported approximately $668.3 million in revenue and adjusted earnings of $1.34 per share, exceeding consensus estimates of $646.1 million and $1.17, respectively. Strength in gross merchandise sales (GMS), Etsy Ads and operating leverage helped drive the results. Etsy Q2 Earnings Beat on GMS and Ads Strength
- Positive Sentiment: Growth and guidance improved: Standalone Etsy GMS growth accelerated to 7.5% year over year, supported by higher order values, increased active buyers, mobile momentum and better buyer retention. Management raised its 2026 growth outlook as search, personalization and marketing initiatives gain traction. Etsy Q2 Earnings Call Lifts Outlook
- Positive Sentiment: Analyst optimism increased: JPMorgan upgraded Etsy to “overweight” and raised its price target to $100, while Needham also lifted its target to $100 with a “buy” rating. The targets reflect expectations that Etsy’s turnaround may continue. JPMorgan Upgrades Etsy
- Positive Sentiment: Large buyback authorized: Etsy approved an additional $2 billion share-repurchase program, which could support earnings per share and return capital to shareholders. Etsy Workforce Reduction and Buyback
- Neutral Sentiment: Analyst views remain mixed: Piper Sandler, Wells Fargo and Cantor Fitzgerald raised price targets but retained neutral or underweight ratings, suggesting that some analysts believe the recent gains already reflect much of the improvement.
- Negative Sentiment: Restructuring and insider sales create risks: Etsy plans to cut about 220 jobs, or 12% of its workforce, to simplify operations and accelerate execution. The CFO and executive chair also sold shares under pre-arranged Rule 10b5-1 plans, which may weigh on sentiment despite having limited predictive value. Etsy Layoffs Amid Restructuring
Analysts Set New Price Targets
Several research firms have commented on ETSY. Wedbush assumed coverage on Etsy in a research report on Thursday, July 16th. They set a “neutral” rating and a $80.00 price target on the stock. Canaccord Genuity Group set a $92.00 price objective on Etsy in a report on Thursday. Morgan Stanley set a $73.00 target price on shares of Etsy in a research report on Friday. Piper Sandler lifted their target price on shares of Etsy from $70.00 to $80.00 and gave the company a “neutral” rating in a report on Friday. Finally, JPMorgan Chase & Co. upgraded shares of Etsy from a “neutral” rating to an “overweight” rating and upped their price target for the company from $85.00 to $100.00 in a research report on Friday. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, twenty have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Etsy has a consensus rating of “Hold” and an average price target of $81.23.
Read Our Latest Stock Analysis on Etsy
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently modified their holdings of the stock. Pallas Capital Advisors LLC acquired a new position in shares of Etsy in the second quarter valued at approximately $846,000. Perigon Wealth Management LLC acquired a new stake in shares of Etsy during the second quarter worth $248,000. Rice Hall James & Associates LLC purchased a new position in Etsy in the 2nd quarter valued at $12,462,000. Persistent Asset Partners Ltd purchased a new position in Etsy in the 2nd quarter valued at $201,000. Finally, Global Retirement Partners LLC acquired a new position in Etsy in the 2nd quarter valued at $34,000. 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.
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