Etsy (NYSE:ETSY) CAO Sells $32,197.50 in Stock

Etsy Inc (NYSE:ETSY) CAO Merilee Buckley sold 405 shares of the firm’s stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $79.50, for a total transaction of $32,197.50. Following the completion of the transaction, the chief accounting officer directly owned 167 shares of the company’s stock, valued at approximately $13,276.50. The trade was a 70.80% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Merilee Buckley also recently made the following trade(s):

• On Monday, July 6th, Merilee Buckley sold 881 shares of Etsy stock. The stock was sold at an average price of $75.35, for a total transaction of $66,383.35.

Etsy Stock Down 0.6%

Etsy stock opened at $80.69 on Friday. The firm has a market cap of $7.66 billion, a PE ratio of 45.08, a price-to-earnings-growth ratio of 5.56 and a beta of 1.84. Etsy Inc has a 52-week low of $44.00 and a 52-week high of $87.97. The company’s 50 day moving average is $79.76 and its two-hundred day moving average is $65.19.

Etsy (NYSE:ETSY) last issued its quarterly earnings results on Wednesday, August 5th. The company reported ($0.49) EPS for the quarter, missing the consensus estimate of $0.75 by ($1.24). The business had revenue of $668.31 million during the quarter, compared to analysts’ expectations of $646.10 million. Etsy had a net margin of 7.32% and a negative return on equity of 34.18%. The business’s quarterly revenue was down .7% on a year-over-year basis. During the same period in the prior year, the business earned $0.25 EPS. On average, equities research analysts anticipate that Etsy Inc will post 3.94 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Guggenheim upped their price target on Etsy from $85.00 to $95.00 and gave the stock a “buy” rating in a report on Friday, August 7th. Truist Financial lifted their price objective on Etsy from $85.00 to $90.00 and gave the company a “buy” rating in a research note on Wednesday, July 22nd. Piper Sandler boosted their price objective on Etsy from $70.00 to $80.00 and gave the stock a “neutral” rating in a research report on Friday, August 7th. Canaccord Genuity Group set a $92.00 price objective on Etsy in a research report on Thursday, August 6th. Finally, Argus upgraded shares of Etsy from a “hold” rating to a “buy” rating and set a $67.00 target price on the stock in a research note on Thursday, May 21st. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, eighteen have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $84.68.

Institutional Trading of Etsy

Institutional investors have recently bought and sold shares of the business. Integrated Wealth Concepts LLC boosted its position in shares of Etsy by 19.1% during the 1st quarter. Integrated Wealth Concepts LLC now owns 5,986 shares of the company’s stock worth $282,000 after acquiring an additional 961 shares in the last quarter. Empowered Funds LLC raised its position in shares of Etsy by 55.5% during the 1st quarter. Empowered Funds LLC now owns 9,673 shares of the company’s stock worth $456,000 after acquiring an additional 3,451 shares in the last quarter. Woodline Partners LP acquired a new stake in shares of Etsy during the 1st quarter worth about $2,181,000. Northwestern Mutual Wealth Management Co. lifted its stake in Etsy by 33.7% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,594 shares of the company’s stock worth $180,000 after purchasing an additional 906 shares during the last quarter. Finally, M&T Bank Corp purchased a new stake in Etsy during the second quarter worth approximately $232,000. 99.53% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting Etsy

Here are the key news stories impacting Etsy this week:

• Positive Sentiment: Bank of America upgraded Etsy from “Neutral” to “Buy” and raised its price target from $88 to $95. The firm said recent growth appears increasingly structural rather than temporary, citing improved execution under CEO Kruti Patel Goyal, stronger mobile engagement and conservative estimates. It also identified potential for more than $1 billion in share buybacks following the Depop sale. Etsy upgraded to buy at BofA on durable growth, buyback potential
• Positive Sentiment: Rosenblatt Securities initiated coverage with a “Buy” rating and a $95 price target, implying meaningful upside from recent trading levels, and subsequently upgraded the shares to “Strong Buy.” The bullish view adds momentum to Etsy’s improving analyst sentiment. Rosenblatt initiates Etsy coverage
• Positive Sentiment: Recent coverage characterizes Etsy’s rebound as potentially durable, while the company’s reported partnership with OpenAI may improve product discovery and marketplace engagement over time. Etsy Partners With OpenAI
• Neutral Sentiment: Goldman Sachs has begun research coverage on Etsy, but no rating or price target was provided in the available report. The broader analyst consensus remains “Hold,” with an average target of approximately $82.73, below the newer $95 targets.
• Negative Sentiment: Director Marla Blow sold 300 shares and Chief Accounting Officer Merilee Buckley sold 405 shares under pre-arranged Rule 10b5-1 plans. The transactions were relatively small, but insider selling can temper investor enthusiasm.
• Negative Sentiment: Etsy’s latest quarterly results included an adjusted EPS loss of $0.49 versus expectations for positive EPS of $0.75, while revenue declined 0.7% year over year. With a P/E ratio near 45, investors may demand continued evidence that the company’s growth recovery can justify its valuation.

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.