Etsy (NYSE:ETSY) Price Target Raised to $85.00 at Truist Financial

Etsy (NYSE:ETSY) had its price target boosted by Truist Financial from $83.00 to $85.00 in a research note issued to investors on Thursday morning,Benzinga reports. The firm currently has a buy rating on the stock.

Several other brokerages have also commented on ETSY. Zacks Research lowered shares of Etsy from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 20th. Canaccord Genuity Group dropped their price target on shares of Etsy from $80.00 to $72.00 and set a “buy” rating on the stock in a research note on Friday, February 20th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Etsy from $63.00 to $54.00 and set a “hold” rating on the stock in a research note on Tuesday, February 24th. Raymond James Financial restated an “outperform” rating and set a $75.00 price target on shares of Etsy in a research note on Thursday, April 23rd. Finally, BTIG Research increased their price target on shares of Etsy from $65.00 to $78.00 and gave the stock a “buy” rating in a research note on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, nineteen have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Etsy currently has a consensus rating of “Hold” and a consensus price target of $70.09.

Etsy Trading Down 7.6%

Shares of ETSY opened at $64.32 on Thursday. The business’s fifty day simple moving average is $55.48. Etsy has a 12 month low of $42.10 and a 12 month high of $76.51. The firm has a market cap of $6.10 billion, a price-to-earnings ratio of 26.80, a price-to-earnings-growth ratio of 10.43 and a beta of 1.77.

Etsy (NYSE:ETSY) last announced its quarterly earnings results on Thursday, February 19th. The company reported $0.92 EPS for the quarter, topping the consensus estimate of $0.88 by $0.04. Etsy had a net margin of 9.94% and a negative return on equity of 28.60%. The company had revenue of $881.64 million for the quarter. Research analysts anticipate that Etsy will post 3.16 EPS for the current year.

Insider Activity at Etsy

In related news, Director Charles Andrew Ballard sold 1,790 shares of the firm’s stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $55.74, for a total value of $99,774.60. Following the transaction, the director directly owned 4,006 shares in the company, valued at approximately $223,294.44. This trade represents a 30.88% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Josh Silverman sold 70,000 shares of the firm’s stock in a transaction on Tuesday, April 21st. The shares were sold at an average price of $65.00, for a total transaction of $4,550,000.00. Following the completion of the transaction, the insider owned 130,694 shares in the company, valued at $8,495,110. The trade was a 34.88% decrease in their ownership of the stock. 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 three months, insiders have sold 168,636 shares of company stock worth $10,253,703. 2.80% of the stock is owned by insiders.

Institutional Trading of Etsy

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Seelaus Asset Management LLC acquired a new stake in Etsy in the 1st quarter worth $494,000. Lmcg Investments LLC grew its position in Etsy by 0.3% in the 1st quarter. Lmcg Investments LLC now owns 71,569 shares of the company’s stock worth $3,577,000 after purchasing an additional 249 shares during the last quarter. Childress Capital Advisors LLC acquired a new stake in Etsy in the 1st quarter worth $221,000. HB Wealth Management LLC acquired a new stake in Etsy in the 1st quarter worth $231,000. Finally, Janney Montgomery Scott LLC grew its position in Etsy by 8.6% in the 1st quarter. Janney Montgomery Scott LLC now owns 6,359 shares of the company’s stock worth $318,000 after purchasing an additional 504 shares during the last quarter. 99.53% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting Etsy

Here are the key news stories impacting Etsy this week:

• Positive Sentiment: Q1 results surprised on the upside — revenue topped expectations, gross merchandise sales returned to year-over-year growth and Etsy reported its first buyer growth in two years, supporting a firmer near-term outlook. Online marketplace Etsy beats revenue estimates
• Positive Sentiment: Needham raised its price target sharply to $85 and maintained a buy rating — a clear vote of confidence that helps justify a higher valuation. Etsy Given New $85.00 Price Target at Needham
• Positive Sentiment: Several brokers raised targets/ratings after the quarter (Canaccord to $80 buy, Truist to $85 buy, Barclays to $82 overweight, BTIG to $78 buy), reinforcing momentum-driven upside from improving fundamentals. Analyst price target roundup
• Neutral Sentiment: JPMorgan raised its target to $75 but kept a neutral rating — a nod to recovery but not yet a return to conviction, so impact is mixed. JPMorgan raises price target to $75
• Neutral Sentiment: AI is a focal point: Etsy is pushing AI tools to improve discovery and attract lost shoppers, but sellers face urgent SEO adjustments after algorithm changes — this is strategically positive long-term but creates short-term execution risk. Etsy Bets on AI to Attract Shoppers AI SEO becomes urgent for Etsy sellers
• Negative Sentiment: B. Riley downgraded Etsy from buy to neutral despite raising its price target to $75 — the downgrade signals some analyst caution about momentum sustainability. Etsy Downgraded by B. Riley Financial
• Negative Sentiment: Morgan Stanley flagged sustainability questions even as GMV and revenue recover, which could weigh on valuation if ESG or long-term growth concerns persist. Etsy Faces Sustainability Questions

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.