JPMorgan Chase & Co. Lowers Etsy (NASDAQ:ETSY) Price Target to $58.00

Etsy (NASDAQ:ETSY) had its price objective dropped by stock analysts at JPMorgan Chase & Co. from $65.00 to $58.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has a “neutral” rating on the specialty retailer’s stock. JPMorgan Chase & Co.‘s price target points to a potential upside of 9.62% from the stock’s current price.

Other equities analysts also recently issued reports about the company. Raymond James Financial restated an “outperform” rating and issued a $78.00 price objective (down from $80.00) on shares of Etsy in a report on Thursday, October 30th. UBS Group reduced their price objective on shares of Etsy from $74.00 to $53.00 and set a “neutral” rating for the company in a report on Friday. The Goldman Sachs Group lifted their price objective on shares of Etsy from $48.00 to $57.00 and gave the stock a “sell” rating in a research note on Thursday, October 30th. Wells Fargo & Company cut their target price on Etsy from $52.00 to $47.00 and set an “underweight” rating on the stock in a research report on Friday. Finally, BTIG Research decreased their price objective on shares of Etsy from $74.00 to $65.00 and set a “buy” rating for the company in a research note on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, eighteen have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $61.12.

Etsy Stock Performance

NASDAQ:ETSY traded up $4.77 during mid-day trading on Friday, hitting $52.91. 7,145,553 shares of the company’s stock traded hands, compared to its average volume of 4,101,356. The company has a market cap of $5.22 billion, a PE ratio of 42.67, a price-to-earnings-growth ratio of 10.65 and a beta of 1.77. The firm’s 50 day simple moving average is $55.66 and its 200 day simple moving average is $59.49. Etsy has a 1 year low of $40.05 and a 1 year high of $76.51.

Etsy announced that its board has initiated a share repurchase program on Thursday, December 18th that authorizes the company to buyback $750.00 million in shares. This buyback authorization authorizes the specialty retailer to reacquire up to 14.2% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its stock is undervalued.

Insider Buying and Selling

In other Etsy news, CAO Merilee Buckley sold 5,636 shares of the firm’s stock in a transaction on Monday, January 5th. The stock was sold at an average price of $58.45, for a total value of $329,424.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Josh Silverman sold 86,666 shares of the stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $57.46, for a total value of $4,979,828.36. Following the transaction, the insider owned 90,661 shares of the company’s stock, valued at $5,209,381.06. The trade was a 48.87% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 135,934 shares of company stock valued at $7,661,068 over the last three months. Insiders own 2.80% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Heritage Wealth Advisors raised its position in Etsy by 476.5% in the 2nd quarter. Heritage Wealth Advisors now owns 490 shares of the specialty retailer’s stock worth $25,000 after purchasing an additional 405 shares during the period. EFG International AG bought a new stake in Etsy during the 4th quarter valued at approximately $33,000. Elevation Point Wealth Partners LLC bought a new position in Etsy in the second quarter worth $35,000. Salomon & Ludwin LLC bought a new position in shares of Etsy in the 3rd quarter worth about $55,000. Finally, SJS Investment Consulting Inc. boosted its position in shares of Etsy by 12,600.0% in the 3rd quarter. SJS Investment Consulting Inc. now owns 762 shares of the specialty retailer’s stock worth $51,000 after purchasing an additional 756 shares in the last quarter. 99.53% of the stock is currently owned by hedge funds and other institutional investors.

More Etsy News

Here are the key news stories impacting Etsy this week:

• Positive Sentiment: Sale of Depop to eBay for $1.2 billion in cash — provides >$1B of liquidity and lets Etsy refocus on its core marketplace; this deal was the primary rally catalyst. CNBC: eBay buying Depop from Etsy
• Positive Sentiment: Q4 results beat EPS estimates and showed a return to slight year‑over‑year GMS growth — helped investors look past near‑term demand softness. Zacks: Q4 earnings & revenues surpass estimates
• Positive Sentiment: Industry‑wide boost from Supreme Court tariff ruling — e‑commerce peers (Amazon, Etsy, Shopify) jumped, providing technical upside for ETSY. CNBC: Supreme Court ruling lifts e‑commerce stocks
• Neutral Sentiment: Some analysts raised their outlook (e.g., Truist bumped its PT to $83; Needham remains constructive) — supports upside narratives for parts of the investor base. Street Insider: Truist raises PT
• Neutral Sentiment: Technical/short‑squeeze element — elevated short interest amplified the move, so some of the rally may be driven by positioning rather than fundamentals. Benzinga: short interest note
• Negative Sentiment: Multiple analyst downgrades/price‑target trims (Wells Fargo to $47 underweight; Morgan Stanley to $60 equal‑weight; Stifel/Cantor trims) — signals caution on medium‑term growth and valuation. MarketScreener: Morgan Stanley cut
• Negative Sentiment: Profitability and margin pressure in Q4 — revenue roughly inline but lower profit and strained operating metrics support concerns about a valuation reset. WSJ: profit vs revenue commentary
• Negative Sentiment: Insider director sale disclosed (Marla Blow sold 300 shares) — small size but noted by markets as a mild negative datapoint. InsiderTrades: director sale

Etsy Company Profile

Etsy, Inc (NASDAQ: ETSY) operates a global e-commerce marketplace focused on handmade, vintage and unique goods. The platform connects individual artisans, small businesses and collectors with buyers seeking one-of-a-kind items, ranging from handcrafted jewelry and clothing to home décor and art supplies. Etsy’s revenue is primarily generated through listing fees, transaction fees on sales and optional seller services such as advertising and shipping labels.

Founded in 2005 and headquartered in Brooklyn, New York, Etsy has cultivated a community-driven ethos, encouraging sustainable practices and personal entrepreneurship.