Etsy (NYSE:ETSY) Price Target Raised to $80.00

Etsy (NYSE:ETSY) had its target price raised by Wells Fargo & Company from $59.00 to $80.00 in a research report report published on Thursday, MarketBeat.com reports. The firm currently has an underweight rating on the stock.

A number of other research firms have also weighed in on ETSY. Jefferies Financial Group boosted their price objective on shares of Etsy from $90.00 to $100.00 and gave the company a “hold” rating in a research report on Wednesday. Guggenheim upped their price objective on shares of Etsy from $95.00 to $105.00 and gave the company a “buy” rating in a research note on Thursday. The Goldman Sachs Group raised their target price on shares of Etsy from $89.00 to $108.00 and gave the stock a “neutral” rating in a research report on Wednesday. BTIG Research lifted their target price on shares of Etsy from $90.00 to $102.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Wedbush boosted their price target on Etsy from $88.00 to $99.00 and gave the company a “neutral” rating in a report on Thursday. One equities research 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 assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Etsy currently has a consensus rating of “Hold” and an average price target of $94.07.

Etsy Stock Down 2.9%

Shares of NYSE:ETSY opened at $88.95 on Thursday. Etsy has a 52-week low of $44.00 and a 52-week high of $94.49. The stock’s fifty day simple moving average is $78.74 and its 200-day simple moving average is $68.21. The company has a market capitalization of $7.67 billion, a P/E ratio of 10.50, a P/E/G ratio of 2.07 and a beta of 1.86.

Etsy (NYSE:ETSY) last posted its quarterly earnings data on Wednesday, October 28th. The company reported $7.31 EPS for the quarter, beating 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 negative return on equity of 43.65% and a net margin of 34.36%. The business’s revenue for the quarter was up 10.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.63 earnings per share. On average, sell-side analysts anticipate that Etsy will post 3.94 earnings per share for the current year.

Insider Buying and Selling at Etsy

In other news, CAO Merilee Buckley sold 5,076 shares of the company’s stock in a transaction dated Thursday, October 15th. The shares were sold at an average price of $90.00, for a total transaction of $456,840.00. Following the completion of the transaction, the chief accounting officer owned 5,076 shares of the company’s stock, valued at $456,840. This represents a 50.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Richard Colburn, III sold 4,472 shares of the stock in a transaction dated Monday, October 5th. The stock was sold at an average price of $71.31, for a total transaction of $318,898.32. Following the transaction, the insider owned 6,503 shares in the company, valued at approximately $463,728.93. The trade was a 40.75% 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 133,251 shares of company stock worth $10,966,499 in the last 90 days. 2.50% of the stock is owned by company insiders.

Hedge Funds Weigh In On Etsy

Institutional investors and hedge funds have recently bought and sold shares of the stock. William Blair Investment Management LLC purchased a new stake in shares of Etsy during the 2nd quarter worth about $120,417,000. Arrowstreet Capital Limited Partnership increased 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 purchasing an additional 1,112,520 shares in the last quarter. Findlay Park Partners LLP purchased a new position in Etsy in the second quarter valued at approximately $66,170,000. Renaissance Technologies LLC raised its holdings in 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 during the period. Finally, Bank of New York Mellon Corp purchased a new position in Etsy in the second quarter valued at approximately $42,781,000. Institutional investors and hedge funds 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.

Etsy Company Profile

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.