Insider Selling: Etsy (NYSE:ETSY) Director Sells $556,020.00 in Stock

Etsy Inc (NYSE:ETSY) Director Marla Blow sold 6,000 shares of the company’s stock in a transaction that occurred on Thursday, October 29th. The stock was sold at an average price of $92.67, for a total value of $556,020.00. Following the transaction, the director owned 7,024 shares of the company’s stock, valued at approximately $650,914.08. This trade represents a 46.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Etsy Trading Up 7.3%

ETSY opened at $96.42 on Thursday. The business has a 50 day moving average of $79.28 and a 200-day moving average of $68.67. The stock has a market capitalization of $8.31 billion, a price-to-earnings ratio of 22.35, a P/E/G ratio of 1.91 and a beta of 1.76. Etsy Inc has a 1-year low of $44.00 and a 1-year high of $97.85.

Etsy (NYSE:ETSY) last announced its 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 for the quarter, compared to analyst estimates of $669.04 million. Etsy had a net margin of 34.36% and a negative return on equity of 43.65%. Etsy’s revenue was up 10.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.63 earnings per share. Equities analysts predict that Etsy Inc will post 4.31 EPS for the current year.

Hedge Funds Weigh In On Etsy

A number of hedge funds have recently made changes to their positions in the business. Headlands Technologies LLC acquired a new position in Etsy in the second quarter worth about $1,045,000. Ieq Capital LLC acquired a new stake in Etsy during the second quarter valued at approximately $4,083,000. Landscape Capital Management L.L.C. acquired a new stake in Etsy during the second quarter valued at approximately $6,466,000. Public Employees Retirement System of Ohio acquired a new stake in Etsy during the second quarter valued at approximately $2,144,000. Finally, Bank of Nova Scotia bought a new stake in shares of Etsy in the 2nd quarter valued at approximately $18,602,000. Institutional investors and hedge funds own 99.53% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Cantor Fitzgerald upped their price objective on shares of Etsy from $80.00 to $85.00 and gave the company a “neutral” rating in a research report on Friday, August 7th. Barclays boosted their price target on Etsy from $94.00 to $110.00 and gave the company an “overweight” rating in a research note on Thursday, October 29th. JPMorgan Chase & Co. raised Etsy from a “neutral” rating to an “overweight” rating and upped their price target for the company from $85.00 to $100.00 in a report on Friday, August 7th. Needham & Company LLC upped their price target on Etsy from $100.00 to $110.00 and gave the company a “buy” rating in a report on Thursday, October 29th. Finally, Wedbush raised their price objective on Etsy from $88.00 to $99.00 and gave the stock a “neutral” rating in a research report on Thursday, October 29th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, sixteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $94.07.

Key Stories Impacting Etsy

Here are the key news stories impacting Etsy this week:

• Positive Sentiment: Etsy’s Q3 results and management commentary pointed to a potential turnaround: gross merchandise sales grew 8.8%, buyer trends improved, and revenue rose 10.9% year over year to $692.5 million, beating expectations. Management highlighted AI-powered personalization and expects stronger sales in the holiday quarter. Etsy Q3 Earnings Call Highlights Growth and AI Priorities
• Positive Sentiment: A comparison of e-commerce stocks noted Etsy’s substantial year-to-date gains while Shopify has lagged. The contrast may bolster Etsy’s relative appeal, though the article raises the question of whether investors have favored the right company. Etsy Is Up 66% This Year. Shopify Is Down 9%. Did Investors Pick the Wrong E-Commerce Stock?
• Neutral Sentiment: Coverage of Etsy’s Q3 performance highlighted AI-driven personalization and its differentiated marketplace as growth opportunities. The strategy’s effect on longer-term results remains to be seen. ETSY Q3 deep dive: AI-driven personalization and marketplace differentiation propel growth
• Negative Sentiment: CEO Josh Silverman disclosed sales of Etsy shares, including 41,500 shares on Nov. 2, and directors Frederick Wilson and Marla Blow also reportedly sold shares. Insider sales can weigh on sentiment, although they do not necessarily signal a change in business outlook. Etsy Insider Josh Silverman Sells Shares
• Negative Sentiment: Commentary warns that AI-generated products could undermine Etsy’s promise of unique, handmade goods if they dilute product differentiation or seller trust. Etsy is tightening AI rules, but enforcement and its impact on the marketplace remain concerns. AI is just the newest threat to Etsy’s handmade promise

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.