Etsy (NYSE:ETSY) Insider Sells $3,823,395.00 in Stock

Etsy Inc (NYSE:ETSY) insider Josh Silverman sold 41,500 shares of the company’s stock in a transaction dated Monday, November 2nd. The stock was sold at an average price of $92.13, for a total transaction of $3,823,395.00. Following the transaction, the insider owned 221,117 shares of the company’s stock, valued at $20,371,509.21. This represents a 15.80% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

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

• On Friday, October 30th, Josh Silverman sold 1,189 shares of Etsy stock. The stock was sold at an average price of $88.70, for a total transaction of $105,464.30.
• On Thursday, October 15th, Josh Silverman sold 417 shares of Etsy stock. The shares were sold at an average price of $84.47, for a total transaction of $35,223.99.
• On Tuesday, October 13th, Josh Silverman sold 714 shares of Etsy stock. The shares were sold at an average price of $79.00, for a total transaction of $56,406.00.
• On Thursday, October 8th, Josh Silverman sold 383 shares of Etsy stock. The stock was sold at an average price of $74.00, for a total transaction of $28,342.00.
• On Thursday, October 1st, Josh Silverman sold 2,090 shares of Etsy stock. The stock was sold at an average price of $72.45, for a total transaction of $151,420.50.
• On Tuesday, September 1st, Josh Silverman sold 11,696 shares of Etsy stock. The shares were sold at an average price of $81.85, for a total transaction of $957,317.60.
• On Thursday, September 3rd, Josh Silverman sold 1,671 shares of Etsy stock. The shares were sold at an average price of $84.00, for a total value of $140,364.00.
• On Tuesday, August 4th, Josh Silverman sold 6,294 shares of Etsy stock. The shares were sold at an average price of $84.00, for a total value of $528,696.00.

Etsy Trading Up 7.3%

Shares of NYSE ETSY opened at $96.42 on Thursday. Etsy Inc has a 12-month low of $44.00 and a 12-month high of $97.85. The company has a market cap of $8.31 billion, a PE ratio of 22.35, a P/E/G ratio of 1.91 and a beta of 1.76. The stock has a 50 day simple moving average of $79.28 and a 200-day simple moving average of $68.67.

Etsy (NYSE:ETSY) last posted its earnings results on Wednesday, October 28th. The company reported $7.31 EPS for the quarter, beating the consensus estimate of $0.76 by $6.55. The firm had revenue of $692.47 million for the quarter, compared to analysts’ expectations of $669.04 million. Etsy had a negative return on equity of 43.65% and a net margin of 34.36%. The firm’s revenue was up 10.9% compared to the same quarter last year. During the same period last year, the firm earned $0.63 EPS. Sell-side analysts forecast that Etsy Inc will post 4.31 earnings per share for the current fiscal year.

Institutional Trading of Etsy

A number of hedge funds and other institutional investors have recently modified their holdings of ETSY. Lido Advisors LLC bought a new stake in Etsy during the third quarter worth approximately $286,000. AlphaCore Capital LLC increased its holdings in shares of Etsy by 26.7% in the third quarter. AlphaCore Capital LLC now owns 4,652 shares of the company’s stock valued at $333,000 after buying an additional 980 shares in the last quarter. Fulcrum Asset Management LLP bought a new position in shares of Etsy in the third quarter valued at $98,000. Ethic Inc. bought a new position in shares of Etsy in the third quarter valued at $270,000. Finally, Pictet Asset Management Holding SA lifted its position in shares of Etsy by 4.8% during the 3rd quarter. Pictet Asset Management Holding SA now owns 13,405 shares of the company’s stock valued at $958,000 after acquiring an additional 613 shares during the last quarter. Institutional investors own 99.53% of the company’s stock.

Analysts Set New Price Targets

ETSY has been the topic of a number of recent analyst reports. Weiss Ratings upgraded shares of Etsy from a “hold (c)” rating to a “buy (b-)” rating in a research note on Friday, October 30th. Loop Capital set a $105.00 target price on shares of Etsy in a research report on Thursday, August 20th. B. Riley Financial raised their target price on shares of Etsy from $82.00 to $87.00 and gave the company a “neutral” rating in a research note on Thursday, October 29th. Seaport Research Partners upgraded shares of Etsy to a “buy” rating in a research report on Thursday, August 20th. Finally, Bank of America restated a “buy” rating and set a $115.00 price target on shares of Etsy in a research report on Thursday, October 29th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, sixteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $94.07.

Etsy News Summary

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

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.