Etsy (NYSE:ETSY) Price Target Raised to $79.00

Etsy (NYSE:ETSY) had its target price lifted by Morgan Stanley from $73.00 to $79.00 in a research note published on Thursday,Benzinga reports. Morgan Stanley currently has an equal weight rating on the stock.

A number of other brokerages have also issued reports on ETSY. Jefferies Financial Group raised their target price on Etsy from $90.00 to $100.00 and gave the stock a “hold” rating in a research note on Wednesday. JPMorgan Chase & Co. upgraded Etsy from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $85.00 to $100.00 in a research note on Friday, August 7th. Canaccord Genuity Group boosted their price target on Etsy from $92.00 to $105.00 and gave the company a “buy” rating in a research note on Wednesday. BTIG Research increased their price objective on Etsy from $90.00 to $102.00 and gave the company a “buy” rating in a report on Wednesday. Finally, B. Riley Financial raised their price objective on Etsy from $82.00 to $87.00 and gave the stock a “neutral” rating in a research note on Thursday. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, seventeen have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Etsy presently has a consensus rating of “Hold” and a consensus price target of $94.07.

Etsy Trading Down 2.9%

NYSE:ETSY opened at $88.95 on Thursday. The company has a market cap of $7.67 billion, a PE ratio of 10.50, a P/E/G ratio of 2.07 and a beta of 1.86. Etsy has a twelve month low of $44.00 and a twelve month high of $94.49. The company’s 50 day moving average is $78.74 and its two-hundred day moving average is $68.21.

Etsy (NYSE:ETSY) last posted its quarterly earnings results on Wednesday, October 28th. The company reported $7.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.76 by $6.55. The business had revenue of $692.47 million during the quarter, compared to analysts’ expectations of $669.04 million. Etsy had a net margin of 34.36% and a negative return on equity of 43.65%. The business’s quarterly revenue was up 10.9% on a year-over-year basis. During the same quarter last year, the company posted $0.63 earnings per share. As a group, analysts expect that Etsy will post 3.94 EPS for the current fiscal year.

Insider Activity at Etsy

In other Etsy news, CAO Merilee Buckley sold 5,076 shares of the stock in a transaction dated Thursday, October 15th. The stock was sold at an average price of $90.00, for a total transaction of $456,840.00. Following the sale, the chief accounting officer directly owned 5,076 shares of the company’s stock, valued at approximately $456,840. This trade represents a 50.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 Etsy 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 transaction, the director owned 4,239 shares of the company’s stock, valued at $346,962.15. The trade was a 51.49% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 133,251 shares of company stock valued at $10,966,499 over the last ninety days. Corporate insiders own 2.50% of the company’s stock.

Institutional Trading of Etsy

A number of hedge funds have recently modified their holdings of the stock. Renaissance Technologies LLC increased its position in shares of Etsy by 11.1% in the first quarter. Renaissance Technologies LLC now owns 5,962,210 shares of the company’s stock valued at $297,991,000 after buying an additional 594,768 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in shares of Etsy by 51.4% in the first quarter. Arrowstreet Capital Limited Partnership now owns 3,278,123 shares of the company’s stock worth $163,841,000 after buying an additional 1,112,520 shares in the last quarter. Assenagon Asset Management S.A. lifted its stake in Etsy by 48.0% in the 2nd quarter. Assenagon Asset Management S.A. now owns 1,613,333 shares of the company’s stock worth $121,532,000 after purchasing an additional 523,092 shares in the last quarter. William Blair Investment Management LLC acquired a new position in shares of Etsy during the 2nd quarter worth approximately $120,417,000. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Etsy by 6.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,573,696 shares of the company’s stock worth $78,642,000 after purchasing an additional 100,542 shares during the last quarter. Hedge funds and other institutional investors own 99.53% of the company’s stock.

Etsy News Summary

Here are the key news stories impacting Etsy this week:

• Positive Sentiment: Strong third-quarter results support the investment case. Etsy reported revenue of approximately $692.5 million, up 10.9% year over year and above expectations. Gross merchandise sales and advertising revenue strengthened, active buyers returned to growth, and management forecast fourth-quarter GMS growth of 5% to 7%. ETSY Q3 Earnings Beat Estimates on GMS & Ads Growth, Revenues Rise Y/Y
• Positive Sentiment: Profitability was a major catalyst for the recent rally. Adjusted EBITDA reached about $210 million, representing a 30.4% margin. Analysts at Wedbush said Etsy’s internal initiatives, particularly personalization, are contributing to GMS growth. Etsy’s Internal Initiatives Drive GMS Growth, Wedbush Says
• Positive Sentiment: Several analysts raised their price targets. Needham increased its target to $110 and Rosenblatt raised its target to $105, with both firms maintaining buy ratings. BTIG Research also forecast significant potential appreciation for Etsy shares. BTIG Research Forecasts Strong Price Appreciation for Etsy Stock
• Neutral Sentiment: Etsy is tightening its rules on AI-generated listings. The new CEO is attempting to protect Etsy’s handmade-focused identity by restricting AI-related seller content. The move could improve buyer trust and help shoppers return, but users are calling for an even broader ban, creating execution and seller-retention risks. Etsy’s new CEO cracks down on AI listings—and buyers start to return
• Negative Sentiment: Valuation concerns and cautious ratings are limiting upside. Morgan Stanley raised its target to $79 while retaining an equal-weight rating, and Wells Fargo raised its target to $80 but kept an underweight rating. Both targets remain below the stock’s recent trading level, suggesting some investors view the rally as ahead of near-term fundamentals.

About Etsy

Etsy, Inc operates an online marketplace that connects independent sellers with consumers seeking unique and creative goods. Its marketplace features products such as handmade items, personalized gifts, vintage merchandise, home décor, jewelry, clothing, craft supplies and other goods made, designed, selected or sourced by individual sellers and small businesses.

The company provides tools and services that support marketplace activity, including seller storefronts, search and discovery features, payment processing, advertising, shipping assistance and customer support.