Etsy (NYSE:ETSY) Price Target Raised to $110.00

Etsy (NYSE:ETSY) had its target price increased by Needham & Company LLC from $100.00 to $110.00 in a research report report published on Thursday morning, MarketBeat Ratings reports. The brokerage currently has a buy rating on the stock.

Several other research analysts have also weighed in on ETSY. JPMorgan Chase & Co. upgraded Etsy from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $85.00 to $100.00 in a report on Friday, August 7th. Seaport Research Partners upgraded Etsy to a “buy” rating in a report on Thursday, August 20th. Truist Financial raised their price target on Etsy from $90.00 to $106.00 and gave the stock a “buy” rating in a research report on Wednesday. Zacks Research lowered Etsy from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 5th. Finally, Citigroup lifted their price objective on Etsy from $60.00 to $92.00 and gave the company a “neutral” rating in a report on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, seventeen have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $94.07.

Etsy Stock Performance

ETSY opened at $88.95 on Thursday. The firm’s fifty day moving average is $78.74 and its two-hundred day moving average is $68.21. The firm has a market cap of $7.67 billion, a PE ratio of 10.50, a price-to-earnings-growth ratio of 2.07 and a beta of 1.86. Etsy has a twelve month low of $44.00 and a twelve month high of $94.49.

Etsy (NYSE:ETSY) last announced its quarterly earnings results on Wednesday, October 28th. The company reported $7.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $6.55. Etsy had a net margin of 34.36% and a negative return on equity of 43.65%. The company had revenue of $692.47 million during the quarter, compared to analyst estimates of $669.04 million. During the same quarter in the previous year, the business earned $0.63 EPS. The firm’s revenue was up 10.9% on a year-over-year basis. Equities analysts forecast that Etsy will post 3.94 EPS for the current fiscal year.

Insider Buying and Selling at Etsy

In other news, insider Richard Colburn, III sold 4,472 shares of the business’s stock in a transaction dated Monday, October 5th. The stock was sold at an average price of $71.31, for a total value of $318,898.32. Following the sale, the insider directly owned 6,503 shares in the company, valued at $463,728.93. The trade was a 40.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Josh Silverman sold 417 shares of the company’s stock in a transaction dated Thursday, October 15th. The stock was sold at an average price of $84.47, for a total value of $35,223.99. Following the transaction, the insider directly owned 262,617 shares of the company’s stock, valued at $22,183,257.99. This represents a 0.16% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 133,251 shares of company stock valued at $10,966,499 in the last 90 days. 2.50% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Etsy

Hedge funds and other institutional investors have recently bought and sold shares of the company. Global Retirement Partners LLC bought a new stake in Etsy during the 2nd quarter worth about $34,000. EFG International AG acquired a new position in shares of Etsy during the 2nd quarter worth about $45,000. Signaturefd LLC grew its holdings in shares of Etsy by 61.8% in the 3rd quarter. Signaturefd LLC now owns 762 shares of the company’s stock valued at $54,000 after acquiring an additional 291 shares in the last quarter. CoreCap Advisors LLC grew its holdings in shares of Etsy by 2,379.1% in 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 in the last quarter. Finally, Blue Trust Inc. grew its holdings in shares of Etsy by 19.3% in the 1st quarter. Blue Trust Inc. now owns 1,238 shares of the company’s stock valued at $62,000 after acquiring an additional 200 shares in the last quarter. Institutional investors and hedge funds own 99.53% of the company’s stock.

More Etsy News

Here are the key news stories impacting Etsy this week:

• Positive Sentiment: Strong third-quarter results support the investment case. Etsy reported revenue of approximately $692.5 million, up 10.9% year over year and above expectations. Gross merchandise sales and advertising revenue strengthened, active buyers returned to growth, and management forecast fourth-quarter GMS growth of 5% to 7%. ETSY Q3 Earnings Beat Estimates on GMS & Ads Growth, Revenues Rise Y/Y
• Positive Sentiment: Profitability was a major catalyst for the recent rally. Adjusted EBITDA reached about $210 million, representing a 30.4% margin. Analysts at Wedbush said Etsy’s internal initiatives, particularly personalization, are contributing to GMS growth. Etsy’s Internal Initiatives Drive GMS Growth, Wedbush Says
• Positive Sentiment: Several analysts raised their price targets. Needham increased its target to $110 and Rosenblatt raised its target to $105, with both firms maintaining buy ratings. BTIG Research also forecast significant potential appreciation for Etsy shares. BTIG Research Forecasts Strong Price Appreciation for Etsy Stock
• Neutral Sentiment: Etsy is tightening its rules on AI-generated listings. The new CEO is attempting to protect Etsy’s handmade-focused identity by restricting AI-related seller content. The move could improve buyer trust and help shoppers return, but users are calling for an even broader ban, creating execution and seller-retention risks. Etsy’s new CEO cracks down on AI listings—and buyers start to return
• Negative Sentiment: Valuation concerns and cautious ratings are limiting upside. Morgan Stanley raised its target to $79 while retaining an equal-weight rating, and Wells Fargo raised its target to $80 but kept an underweight rating. Both targets remain below the stock’s recent trading level, suggesting some investors view the rally as ahead of near-term fundamentals.

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.