Etsy Inc (NYSE:ETSY) Receives Average Recommendation of “Hold” from Brokerages

Etsy Inc (NYSE:ETSY) has been given a consensus recommendation of “Hold” by the thirty-two brokerages that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, twenty have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $75.36.

A number of equities analysts have issued reports on the company. Susquehanna downgraded Etsy to a “neutral” rating in a report on Thursday, May 21st. Bank of America boosted their target price on Etsy from $72.00 to $75.00 and gave the stock a “neutral” rating in a report on Thursday, May 28th. UBS Group raised Etsy from a “neutral” rating to a “neutral” rating in a research note on Thursday, May 21st. Wall Street Zen downgraded Etsy from a “buy” rating to a “hold” rating in a report on Sunday, May 31st. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $80.00 price target on shares of Etsy in a research report on Monday, July 20th.

Key Etsy News

Here are the key news stories impacting Etsy this week:

• Positive Sentiment: Wall Street expects earnings growth in Etsy’s upcoming report, and analysts see a combination of favorable expectations and recent operating trends that could support an earnings beat. The report is expected next week, with one source projecting a Wednesday release. Etsy Reports Next Week: Wall Street Expects Earnings Growth
• Positive Sentiment: Etsy is expanding conversational artificial intelligence across buyer discovery, seller tools and off-site commerce. Partnerships with OpenAI, Microsoft and Google could improve search, increase purchase intent, reduce marketplace friction and strengthen seller productivity over time. Is Etsy’s Conversational AI the Next Competitive Advantage?
• Neutral Sentiment: The upcoming earnings announcement is the main near-term catalyst. Investors will likely focus on gross merchandise sales, active buyers, transaction trends, guidance and whether AI initiatives are translating into stronger engagement or revenue. Etsy Projected to Release Earnings on Wednesday
• Negative Sentiment: A comparative analysis favors MercadoLibre over Etsy, citing MercadoLibre’s stronger fintech, logistics, advertising and AI capabilities. That view could limit enthusiasm for Etsy despite its cheaper valuation and recent rally. MercadoLibre vs. Etsy: Which Internet-Commerce Stock Should You Bet On?
• Negative Sentiment: Etsy’s shares have risen sharply recently, raising questions about whether its AI partnerships and expected earnings growth are already reflected in the valuation. Any earnings miss, cautious guidance or limited early AI benefits could trigger additional pressure. Is Etsy Fully Valued Following Its New AI Partnerships?

Etsy Stock Performance

Shares of NYSE:ETSY opened at $85.62 on Thursday. The firm has a market capitalization of $8.12 billion, a P/E ratio of 35.67, a P/E/G ratio of 3.39 and a beta of 1.83. The stock has a 50 day moving average price of $74.66 and a 200-day moving average price of $62.62. Etsy has a 52-week low of $44.00 and a 52-week high of $87.26.

Insider Buying and Selling at Etsy

In other news, insider Josh Silverman sold 39,161 shares of the company’s stock in a transaction that occurred on Friday, July 10th. The shares were sold at an average price of $79.00, for a total value of $3,093,719.00. Following the transaction, the insider owned 139,884 shares in the company, valued at approximately $11,050,836. This represents a 21.87% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Merilee Buckley sold 881 shares of the stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $75.35, for a total transaction of $66,383.35. Following the sale, the chief accounting officer owned 405 shares in the company, valued at approximately $30,516.75. The trade was a 68.51% decrease in their position. 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 sold 622,500 shares of company stock worth $44,791,414. 2.50% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Etsy

A number of hedge funds have recently added to or reduced their stakes in the company. Handelsbanken Fonder AB boosted its position in shares of Etsy by 11.2% during the second quarter. Handelsbanken Fonder AB now owns 34,700 shares of the company’s stock valued at $2,614,000 after buying an additional 3,500 shares during the last quarter. Hennion & Walsh Asset Management Inc. purchased a new position in Etsy in the 2nd quarter worth about $492,000. Assenagon Asset Management S.A. raised its position in Etsy by 48.0% in the 2nd quarter. Assenagon Asset Management S.A. now owns 1,613,333 shares of the company’s stock worth $121,532,000 after buying an additional 523,092 shares during the last quarter. GAMMA Investing LLC lifted its stake in Etsy by 24.6% during the 2nd quarter. GAMMA Investing LLC now owns 3,800 shares of the company’s stock valued at $286,000 after acquiring an additional 750 shares during the period. Finally, CoreCap Advisors LLC lifted its stake in Etsy by 2,379.1% during the 2nd quarter. CoreCap Advisors LLC now owns 1,066 shares of the company’s stock valued at $80,000 after acquiring an additional 1,023 shares during the period. 99.53% of the stock is currently owned by hedge funds and other institutional investors.

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.