Etsy (NYSE:ETSY) Shares Climb 4.6% – Time to Buy?

Etsy Inc (NYSE:ETSY) shot up 4.6% during mid-day trading on Thursday. The stock traded as high as $74.65 and last traded at $74.7520. Approximately 957,298 shares changed hands during trading, a decline of 70% from the average session volume of 3,230,835 shares. The stock had previously closed at $71.49.

Key Etsy News

Here are the key news stories impacting Etsy this week:

• Positive Sentiment: Etsy’s efforts to reduce freight-related emissions could strengthen its sustainability profile and potentially improve shipping efficiency over time. The financial benefit is likely to be gradual rather than an immediate earnings catalyst. How Etsy is pushing freight decarbonization
• Neutral Sentiment: Consumer guides focused on opening Etsy shops and finding unusual products may support marketplace engagement, but they do not represent material corporate or financial news. Beginner’s Guide to Opening an Etsy Shop
• Negative Sentiment: Zacks Research downgraded ETSY from “strong buy” to “hold,” signaling less confidence in the stock’s near-term upside. The downgrade is the clearest recent negative catalyst for the shares. Etsy Stock Dropped to Hold by Zacks Research
• Negative Sentiment: Chief Accounting Officer Merilee Buckley sold 1,396 shares for approximately $99,600, while insider Richard Edward Colburn III sold 4,472 shares worth about $318,900. Both transactions were made under pre-arranged Rule 10b5-1 plans, reducing their value as discretionary bearish signals, but the combined selling may still pressure investor sentiment. Etsy insider stock sales

Wall Street Analysts Forecast Growth

ETSY has been the subject of several recent research reports. B. Riley Financial boosted their price target on Etsy from $75.00 to $82.00 and gave the stock a “neutral” rating in a research report on Monday, August 10th. Zacks Research lowered Etsy from a “strong-buy” rating to a “hold” rating in a research note on Monday. President Capital upgraded shares of Etsy from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $57.00 to $91.00 in a report on Thursday, June 25th. Seaport Research Partners raised shares of Etsy to a “buy” rating in a research report on Thursday, August 20th. Finally, Royal Bank Of Canada cut shares of Etsy to a “sector perform” rating in a report on Thursday, August 20th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, eighteen have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Etsy has a consensus rating of “Hold” and an average price target of $86.21.

Etsy Stock Performance

The company has a market capitalization of $7.11 billion, a price-to-earnings ratio of 41.79, a PEG ratio of 1.78 and a beta of 1.86. The business’s 50 day moving average is $77.46 and its 200 day moving average is $70.58.

Etsy (NYSE:ETSY) last posted its quarterly earnings results on Wednesday, August 5th. The company reported ($0.49) earnings per share (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 during the quarter, compared to analysts’ expectations of $646.10 million. During the same period in the prior year, the business posted $0.25 EPS. The company’s quarterly revenue was down .7% on a year-over-year basis. Sell-side analysts predict that Etsy Inc will post 3.94 EPS for the current year.

Insider Transactions at Etsy

In other Etsy news, Director Frederick Wilson sold 20,000 shares of Etsy stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $81.86, for a total transaction of $1,637,200.00. Following the completion of the sale, the director owned 401,329 shares of the company’s stock, valued at approximately $32,852,791.94. The trade was a 4.75% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Charles Ballard sold 4,500 shares of the business’s stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $81.85, for a total value of $368,325.00. Following the sale, the director owned 4,239 shares in the company, valued at approximately $346,962.15. The trade was a 51.49% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 165,822 shares of company stock worth $13,483,406. Insiders own 2.50% of the company’s stock.

Hedge Funds Weigh In On Etsy

A number of institutional investors have recently bought and sold shares of the business. Blue Trust Inc. grew 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 worth $62,000 after acquiring an additional 200 shares during the last quarter. Lmcg Investments LLC raised its holdings in Etsy by 0.3% during the 1st quarter. Lmcg Investments LLC now owns 71,569 shares of the company’s stock worth $3,577,000 after buying an additional 249 shares during the period. Modera Wealth Management LLC lifted its stake in Etsy by 1.3% during the first quarter. Modera Wealth Management LLC now owns 23,889 shares of the company’s stock valued at $1,194,000 after buying an additional 302 shares in the last quarter. Compound Planning Inc. boosted its holdings in shares of Etsy by 8.6% in the first quarter. Compound Planning Inc. now owns 4,346 shares of the company’s stock worth $217,000 after buying an additional 346 shares during the period. Finally, Waddell & Associates LLC boosted its holdings in shares of Etsy by 12.6% in the fourth quarter. Waddell & Associates LLC now owns 3,643 shares of the company’s stock worth $202,000 after buying an additional 408 shares during the period. 99.53% of the stock is owned by hedge funds and other institutional investors.

Etsy Company Profile

Etsy, Inc operates a global online marketplace focused on unique and creative goods. Its platform connects buyers with independent sellers offering handmade products, vintage items, craft supplies, personalized merchandise, home décor, jewelry, clothing, and other specialty goods.

The company generates revenue primarily through marketplace services, including seller listing and transaction fees, payment processing, advertising, and other seller-focused services. Etsy also provides tools intended to help independent merchants manage their shops, market products, process orders, and reach customers.

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