Etsy (NYSE:ETSY) Upgraded at Zacks Research

Etsy (NYSE:ETSY) was upgraded by equities researchers at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Monday,Zacks.com reports.

Several other research firms have also recently weighed in on ETSY. Wall Street Zen cut shares of Etsy from a “buy” rating to a “hold” rating in a research report on Sunday, May 31st. UBS Group raised Etsy from a “neutral” rating to a “neutral” rating in a research note on Thursday, May 21st. The Goldman Sachs Group upgraded Etsy from a “sell” rating to a “neutral” rating in a research report on Thursday, May 21st. Stifel Nicolaus dropped their price target on Etsy from $62.00 to $55.00 and set a “hold” rating for the company in a research note on Friday, February 20th. Finally, Weiss Ratings upgraded Etsy from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, May 13th. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, nineteen have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Etsy has a consensus rating of “Hold” and an average price target of $71.00.

Etsy Price Performance

Shares of Etsy stock opened at $73.42 on Monday. Etsy has a 1 year low of $44.00 and a 1 year high of $76.51. The firm has a market cap of $6.97 billion, a PE ratio of 30.59, a PEG ratio of 2.88 and a beta of 1.88. The company has a 50 day simple moving average of $62.92 and a two-hundred day simple moving average of $57.44.

Insider Buying and Selling at Etsy

In other Etsy news, insider Josh Silverman sold 134,730 shares of the company’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $68.89, for a total transaction of $9,281,549.70. Following the completion of the sale, the insider directly owned 130,694 shares in the company, valued at $9,003,509.66. This represents a 50.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Frederick R. Wilson sold 20,000 shares of the firm’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $61.63, for a total value of $1,232,600.00. Following the transaction, the director directly owned 481,329 shares in the company, valued at $29,664,306.27. This trade represents a 3.99% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 451,509 shares of company stock worth $29,518,662. 2.50% of the stock is owned by insiders.

Institutional Investors Weigh In On Etsy

Institutional investors have recently bought and sold shares of the stock. Janus Henderson Group PLC grew its position in Etsy by 627.2% during the 1st quarter. Janus Henderson Group PLC now owns 279,407 shares of the company’s stock worth $13,962,000 after acquiring an additional 240,986 shares during the last quarter. Smith Group Asset Management LLC bought a new stake in Etsy in the first quarter valued at approximately $532,000. California State Teachers Retirement System lifted its position in Etsy by 16.4% in the first quarter. California State Teachers Retirement System now owns 103,342 shares of the company’s stock valued at $5,165,000 after purchasing an additional 14,567 shares during the last quarter. Readystate Asset Management LP purchased a new stake in shares of Etsy during the first quarter valued at approximately $3,169,000. Finally, Quantinno Capital Management LP boosted its stake in shares of Etsy by 4.9% during the first quarter. Quantinno Capital Management LP now owns 533,497 shares of the company’s stock valued at $26,664,000 after purchasing an additional 25,026 shares during the period. 99.53% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting Etsy

Here are the key news stories impacting Etsy this week:

• Positive Sentiment: Etsy was added to Zacks’ Rank #1 (Strong Buy) list, which can boost investor confidence by signaling improving near-term fundamentals or momentum. New Strong Buy Stocks for June 16th
• Positive Sentiment: Another Zacks note called Etsy a strong momentum stock and pointed to its recent outperformance versus the broader market, reinforcing the bullish trading narrative. Here’s Why Etsy (ETSY) is a Strong Momentum Stock
• Positive Sentiment: Coverage suggesting Etsy’s anti-Amazon ad campaign is a smart branding move may help support the stock by highlighting marketing efforts to differentiate the platform and attract buyers. Etsy’s Anti-Amazon Ad Campaign Might Be Its Smartest Move Yet
• Neutral Sentiment: Several articles focused on Etsy ads and quirky marketplace listings, which are more about publicity than a direct earnings impact, so the stock reaction is likely limited. Who Needs Bezos? Etsy Ads Highlight 5,000 More-Deserving Jeffs
• Neutral Sentiment: Broader market commentary noted Etsy has outperformed recently and is up sharply over the past six months, which supports the stock’s momentum but does not add a new catalyst. 3 Reasons to Avoid ETSY and 1 Stock to Buy Instead
• Negative Sentiment: A report on Etsy sellers struggling with tariff pressure is a reminder that trade policy and higher costs could be hurting merchant demand and shop economics. Etsy sellers say their previously thriving shops can’t rebound from Trump’s tariffs

About Etsy

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.