Insider Selling: Etsy (NYSE:ETSY) Director Sells $2,607,082.53 in Stock

Etsy Inc (NYSE:ETSY) Director Frederick Wilson sold 28,527 shares of Etsy stock in a transaction that occurred on Thursday, October 29th. The shares were sold at an average price of $91.39, for a total transaction of $2,607,082.53. Following the sale, the director owned 400,000 shares in the company, valued at $36,556,000. This represents a 6.66% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Etsy Trading Up 7.3%

NYSE ETSY opened at $96.42 on Thursday. The stock has a market cap of $8.31 billion, a P/E ratio of 22.35, a PEG ratio of 1.91 and a beta of 1.76. The company’s fifty day simple moving average is $79.28 and its 200-day simple moving average is $68.67. Etsy Inc has a 52 week low of $44.00 and a 52 week high of $97.85.

Etsy (NYSE:ETSY) last released its quarterly earnings results on Wednesday, October 28th. The company reported $7.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.76 by $6.55. Etsy had a net margin of 34.36% and a negative return on equity of 43.65%. The business had revenue of $692.47 million during the quarter, compared to analyst estimates of $669.04 million. During the same period last year, the business earned $0.63 EPS. The business’s revenue was up 10.9% on a year-over-year basis. On average, research analysts expect that Etsy Inc will post 4.31 EPS for the current fiscal year.

Trending Headlines about Etsy

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

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in ETSY. William Blair Investment Management LLC acquired a new position in Etsy in the second quarter worth about $120,417,000. Arrowstreet Capital Limited Partnership raised its stake in Etsy by 51.4% during the first quarter. Arrowstreet Capital Limited Partnership now owns 3,278,123 shares of the company’s stock valued at $163,841,000 after buying an additional 1,112,520 shares in the last quarter. Findlay Park Partners LLP acquired a new stake in Etsy during the second quarter valued at approximately $66,170,000. Renaissance Technologies LLC raised its stake in Etsy by 11.1% during 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 in the last quarter. Finally, Bank of New York Mellon Corp bought a new position in Etsy during the 2nd quarter worth approximately $42,781,000. 99.53% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently weighed in on ETSY. B. Riley Financial lifted their target price on Etsy from $82.00 to $87.00 and gave the stock a “neutral” rating in a research report on Thursday, October 29th. Wedbush boosted their price target on Etsy from $88.00 to $99.00 and gave the stock a “neutral” rating in a research note on Thursday, October 29th. The Goldman Sachs Group increased their price target on Etsy from $89.00 to $108.00 and gave the company a “neutral” rating in a report on Wednesday, October 28th. Raymond James Financial raised their price objective on Etsy from $75.00 to $92.00 and gave the company an “outperform” rating in a research note on Tuesday, July 21st. Finally, Guggenheim raised their price objective on Etsy from $95.00 to $105.00 and gave the company a “buy” rating in a research note on Thursday, October 29th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, sixteen have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $94.07.

About Etsy

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.