Etsy (NYSE:ETSY) Insider Josh Silverman Sells 52,479 Shares

Etsy Inc (NYSE:ETSY) insider Josh Silverman sold 52,479 shares of the stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $74.00, for a total transaction of $3,883,446.00. Following the sale, the insider owned 130,694 shares of the company’s stock, valued at approximately $9,671,356. This represents a 28.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Josh Silverman also recently made the following trade(s):

• On Monday, June 15th, Josh Silverman sold 50,000 shares of Etsy stock. The stock was sold at an average price of $72.50, for a total transaction of $3,625,000.00.
• On Monday, June 1st, Josh Silverman sold 134,730 shares of Etsy stock. The stock was sold at an average price of $68.89, for a total transaction of $9,281,549.70.
• On Friday, May 1st, Josh Silverman sold 88,350 shares of Etsy stock. The stock was sold at an average price of $64.18, for a total transaction of $5,670,303.00.
• On Wednesday, April 29th, Josh Silverman sold 36,443 shares of Etsy stock. The stock was sold at an average price of $69.00, for a total transaction of $2,514,567.00.
• On Tuesday, April 21st, Josh Silverman sold 70,000 shares of Etsy stock. The stock was sold at an average price of $65.00, for a total transaction of $4,550,000.00.
• On Monday, April 20th, Josh Silverman sold 30,369 shares of Etsy stock. The stock was sold at an average price of $64.00, for a total transaction of $1,943,616.00.
• On Thursday, April 16th, Josh Silverman sold 24,296 shares of Etsy stock. The stock was sold at an average price of $59.00, for a total transaction of $1,433,464.00.
• On Monday, April 6th, Josh Silverman sold 12,148 shares of Etsy stock. The stock was sold at an average price of $54.00, for a total transaction of $655,992.00.
• On Wednesday, April 1st, Josh Silverman sold 6,074 shares of Etsy stock. The stock was sold at an average price of $49.07, for a total transaction of $298,051.18.

Etsy Trading Down 1.0%

Etsy stock opened at $72.62 on Thursday. The firm has a 50-day moving average of $63.28 and a 200-day moving average of $57.57. The firm has a market cap of $6.89 billion, a P/E ratio of 30.26, a P/E/G ratio of 2.92 and a beta of 1.88. Etsy Inc has a 1-year low of $44.00 and a 1-year high of $76.51.

Hedge Funds Weigh In On Etsy

Institutional investors and hedge funds have recently made changes to their positions in the business. EFG International AG bought a new position in shares of Etsy during the fourth quarter valued at approximately $33,000. Danske Bank A S bought a new position in shares of Etsy during the third quarter valued at approximately $66,000. Federation des caisses Desjardins du Quebec increased its stake in shares of Etsy by 22.8% during the fourth quarter. Federation des caisses Desjardins du Quebec now owns 1,210 shares of the company’s stock valued at $67,000 after purchasing an additional 225 shares in the last quarter. Blue Trust Inc. increased its stake in shares of Etsy by 19.3% during the first quarter. Blue Trust Inc. now owns 1,238 shares of the company’s stock valued at $62,000 after purchasing an additional 200 shares in the last quarter. Finally, LSV Asset Management bought a new position in shares of Etsy during the third quarter valued at approximately $86,000. Institutional investors own 99.53% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on ETSY shares. Wells Fargo & Company raised their price objective on shares of Etsy from $47.00 to $61.00 and gave the stock an “underweight” rating in a report on Thursday, April 30th. Weiss Ratings upgraded shares of Etsy from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, May 13th. Cantor Fitzgerald raised their price objective on shares of Etsy from $51.00 to $59.00 and gave the stock a “neutral” rating in a report on Tuesday, April 21st. Stifel Nicolaus lowered their price objective on shares of Etsy from $62.00 to $55.00 and set a “hold” rating for the company in a report on Friday, February 20th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Etsy from $75.00 to $78.00 and gave the stock a “neutral” rating in a report on Friday, June 12th. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, nineteen have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $71.00.

Etsy News Roundup

Here are the key news stories impacting Etsy this week:

• Positive Sentiment: Etsy was added to the Zacks Rank #1 “Strong Buy” list, and Zacks also upgraded the stock from hold to strong-buy, which can support bullish sentiment around the name. Zacks upgrade reference
• Positive Sentiment: The company launched a new “Shop Other Jeffs” campaign aimed at competing with Amazon ahead of Prime Day, highlighting Etsy sellers and generating fresh attention for the marketplace. Article title
• Positive Sentiment: Media coverage around Etsy’s anti-Amazon ad push suggests the campaign may be resonating and could help drive shopper engagement during a key retail event period. Article title
• Neutral Sentiment: Several articles pointed to Etsy’s recent stock momentum and relative outperformance over the past six months, but these pieces were more commentary than new catalysts.
• Negative Sentiment: CEO Josh Silverman sold a total of about 102,479 shares in two transactions at prices near the current trading range. Although the sales were made under a pre-arranged Rule 10b5-1 plan, insider selling can still pressure sentiment. SEC filing
• Negative Sentiment: One report highlighted Etsy sellers struggling to recover from tariff-related pressures, a reminder that trade policy and costs may still weigh on marketplace activity. Article title

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.