Etsy (NYSE:ETSY) Price Target Raised to $85.00 at Cantor Fitzgerald

Etsy (NYSE:ETSY) had its price target hoisted by Cantor Fitzgerald from $80.00 to $85.00 in a research note issued to investors on Friday,Benzinga reports. Cantor Fitzgerald currently has a neutral rating on the stock.

A number of other analysts have also weighed in on the stock. Zacks Research lowered shares of Etsy from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 14th. Truist Financial boosted their price target on Etsy from $85.00 to $90.00 and gave the company a “buy” rating in a report on Wednesday, July 22nd. Wells Fargo & Company upped their price target on Etsy from $47.00 to $61.00 and gave the company an “underweight” rating in a research report on Thursday, April 30th. The Goldman Sachs Group upgraded Etsy from a “sell” rating to a “neutral” rating in a report on Thursday, May 21st. Finally, Evercore set a $83.00 target price on Etsy in a research note on Thursday. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, twenty have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $81.23.

Etsy Stock Up 3.9%

NYSE ETSY opened at $85.45 on Friday. Etsy has a 12-month low of $44.00 and a 12-month high of $87.97. The company has a 50-day simple moving average of $77.45 and a two-hundred day simple moving average of $63.70. 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.

Insider Buying and Selling

In related news, insider Josh Silverman sold 6,294 shares of the business’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 in the company, valued at $20,962,956. The trade was a 2.46% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Frederick R. Wilson sold 20,000 shares of Etsy stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $83.22, for a total value of $1,664,400.00. Following the completion of the sale, the director directly owned 421,329 shares of the company’s stock, valued at approximately $35,062,999.38. The trade was a 4.53% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 596,310 shares of company stock valued at $44,425,234. 2.50% of the stock is owned by company insiders.

Institutional Trading of Etsy

Hedge funds have recently bought and sold shares of the stock. Smartleaf Asset Management LLC lifted its holdings in Etsy by 10.0% during the second quarter. Smartleaf Asset Management LLC now owns 1,734 shares of the company’s stock valued at $88,000 after purchasing an additional 158 shares in the last quarter. Alamea Verwaltungs GmbH increased its stake in shares of Etsy by 2.3% during the second quarter. Alamea Verwaltungs GmbH now owns 7,380 shares of the company’s stock worth $370,000 after purchasing an additional 169 shares in the last quarter. PNC Financial Services Group Inc. raised its position in shares of Etsy by 2.4% during the 4th quarter. PNC Financial Services Group Inc. now owns 7,550 shares of the company’s stock worth $419,000 after purchasing an additional 180 shares during the last quarter. Blue Trust Inc. raised its position in shares of Etsy by 19.3% during the 1st quarter. Blue Trust Inc. now owns 1,238 shares of the company’s stock worth $62,000 after purchasing an additional 200 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund increased its stake in Etsy by 1.0% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 22,547 shares of the company’s stock worth $1,250,000 after buying an additional 224 shares in the last quarter. Institutional investors own 99.53% of the company’s stock.

Trending Headlines about Etsy

Here are the key news stories impacting Etsy this week:

• 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

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.