Needham & Company LLC Issues Positive Forecast for Etsy (NYSE:ETSY) Stock Price

Etsy (NYSE:ETSY) had its price target lifted by Needham & Company LLC from $85.00 to $100.00 in a research report released on Friday morning, Marketbeat.com reports. The brokerage currently has a buy rating on the stock.

Several other brokerages have also weighed in on ETSY. Roth Capital assumed coverage on Etsy in a research report on Thursday, May 21st. They set a “buy” rating on the stock. Arete Research set a $76.00 price target on shares of Etsy and gave the company a “buy” rating in a research note on Wednesday, May 20th. Guggenheim assumed coverage on shares of Etsy in a report on Thursday, May 21st. They set a “buy” rating on the stock. Weiss Ratings upgraded shares of Etsy from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, May 13th. Finally, Wells Fargo & Company increased their target price on shares of Etsy from $47.00 to $61.00 and gave the company an “underweight” rating in a research report on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, twenty have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $81.23.

Etsy Price Performance

Etsy stock opened at $85.45 on Friday. The stock has a market cap of $8.11 billion, a PE ratio of 47.74, a P/E/G ratio of 3.22 and a beta of 1.84. The stock’s fifty day moving average is $77.45 and its two-hundred day moving average is $63.70. Etsy has a 1-year low of $44.00 and a 1-year high of $87.97.

Insider Buying and Selling at Etsy

In related news, CAO Merilee Buckley sold 881 shares of the firm’s stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $75.35, for a total transaction of $66,383.35. Following the transaction, the chief accounting officer owned 405 shares of the company’s stock, valued at $30,516.75. This trade represents a 68.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Frederick R. Wilson sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $83.22, for a total value of $1,664,400.00. Following the sale, the director directly owned 421,329 shares of the company’s stock, valued at approximately $35,062,999.38. This represents a 4.53% 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. Insiders sold a total of 596,310 shares of company stock valued at $44,425,234 over the last ninety days. 2.50% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of ETSY. Renaissance Technologies LLC lifted its holdings in shares of Etsy by 11.1% during the first quarter. Renaissance Technologies LLC now owns 5,962,210 shares of the company’s stock worth $297,991,000 after purchasing an additional 594,768 shares during the period. AQR Capital Management LLC increased its stake in Etsy by 40.1% in the 4th quarter. AQR Capital Management LLC now owns 4,111,639 shares of the company’s stock valued at $227,785,000 after buying an additional 1,177,301 shares during the period. Van ECK Associates Corp raised its position in Etsy by 1.1% during the 4th quarter. Van ECK Associates Corp now owns 3,734,156 shares of the company’s stock worth $207,022,000 after buying an additional 39,067 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its position in Etsy by 51.4% during the 1st 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 during the last quarter. Finally, Assenagon Asset Management S.A. lifted its stake in shares of 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 acquiring an additional 523,092 shares during the period. Institutional investors and hedge funds 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.