Etsy (NYSE:ETSY) CFO Charles Baker Sells 1,564 Shares

Etsy Inc (NYSE:ETSY) CFO Charles Baker sold 1,564 shares of the business’s stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $85.88, for a total value of $134,316.32. Following the transaction, the chief financial officer owned 11,357 shares of the company’s stock, valued at $975,339.16. This trade represents a 12.10% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Etsy Stock Performance

Shares of NYSE ETSY opened at $82.29 on Friday. The business’s 50 day moving average price is $77.10 and its 200-day moving average price is $63.55. Etsy Inc has a fifty-two week low of $44.00 and a fifty-two week high of $87.97. The company has a market cap of $7.81 billion, a price-to-earnings ratio of 45.97, a PEG ratio of 3.36 and a beta of 1.84.

Hedge Funds Weigh In On Etsy

A number of large investors have recently added to or reduced their stakes in ETSY. Integrated Wealth Concepts LLC lifted its position in shares of Etsy by 19.1% in the first quarter. Integrated Wealth Concepts LLC now owns 5,986 shares of the company’s stock valued at $282,000 after acquiring an additional 961 shares in the last quarter. Empowered Funds LLC boosted its stake in Etsy by 55.5% during the first quarter. Empowered Funds LLC now owns 9,673 shares of the company’s stock worth $456,000 after buying an additional 3,451 shares during the period. Woodline Partners LP acquired a new stake in Etsy in the 1st quarter valued at approximately $2,181,000. Northwestern Mutual Wealth Management Co. grew its stake in shares of Etsy by 33.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,594 shares of the company’s stock valued at $180,000 after buying an additional 906 shares in the last quarter. Finally, M&T Bank Corp purchased a new stake in Etsy during the second quarter worth about $232,000. 99.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on ETSY shares. Citigroup assumed coverage on Etsy in a research report on Thursday, May 21st. They set an “outperform” rating for the company. Evercore set a $83.00 price target on shares of Etsy in a report on Thursday. Bank of America increased their price objective on shares of Etsy from $72.00 to $75.00 and gave the company a “neutral” rating in a research report on Thursday, May 28th. Cantor Fitzgerald restated a “neutral” rating and issued a $80.00 target price on shares of Etsy in a research note on Monday, July 20th. Finally, Argus upgraded shares of Etsy from a “hold” rating to a “buy” rating and set a $67.00 price objective for the company in a research note on Thursday, May 21st. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, twenty have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Etsy has an average rating of “Hold” and a consensus target price of $76.28.

More Etsy News

Here are the key news stories impacting Etsy this week:

• Positive Sentiment: Q2 results exceeded expectations: Etsy reported approximately $668.3 million in revenue, above the $646.1 million consensus estimate, while adjusted earnings of $1.34 per share topped expectations of $1.17. Growth in gross merchandise sales (GMS), Etsy Ads and operating leverage supported the quarter. Etsy Q2 Earnings Beat on GMS and Ads Strength
• Positive Sentiment: Marketplace momentum and guidance improved: Standalone Etsy GMS growth accelerated to 7.5% year over year, aided by higher average order values and more active buyers. Stronger margins prompted management to raise its 2026 outlook. Etsy Efficiency Push and GMS Strength
• Positive Sentiment: Capital returns may support the shares: Etsy authorized an additional $2 billion share-repurchase program. Buybacks could support earnings per share and signal confidence in the company’s cash generation. Etsy to Cut 12 Percent of Workforce
• Neutral Sentiment: Analysts raised some forecasts: Several analysts increased their price targets following the quarterly beat, although the broader analyst consensus remains close to “Hold,” reflecting uncertainty about the turnaround and current valuation. Etsy Analysts Increase Their Forecasts
• Negative Sentiment: Layoffs highlight execution concerns: Etsy plans to eliminate about 220 jobs, or 12% of its workforce, primarily to simplify operations and speed decision-making. Management says the move is intended to position the company for growth, but investors may interpret it as evidence that the turnaround remains challenging. Etsy Layoffs and Restructuring Plan
• Negative Sentiment: Insider selling adds an overhang: Executive Chair Josh Silverman sold 6,294 shares for about $529,000, following additional sales in recent months. CFO Charles Baker also sold shares. The transactions were made under pre-arranged Rule 10b5-1 plans, reducing their predictive value, but the sales can still weigh on sentiment after the stock’s strong run. Etsy Insider Josh Silverman Sells Shares

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.