Josh Silverman Sells 70,000 Shares of Etsy (NYSE:ETSY) Stock

Etsy Inc (NYSE:ETSY) insider Josh Silverman sold 70,000 shares of the company’s stock in a transaction dated Tuesday, April 21st. The stock was sold at an average price of $65.00, for a total transaction of $4,550,000.00. Following the completion of the sale, the insider directly owned 130,694 shares of the company’s stock, valued at approximately $8,495,110. This trade represents a 34.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Josh Silverman also recently made the following trade(s):

• On Monday, April 20th, Josh Silverman sold 30,369 shares of Etsy stock. The stock was sold at an average price of $64.00, for a total transaction of $1,943,616.00.
• On Thursday, April 16th, Josh Silverman sold 24,296 shares of Etsy stock. The stock was sold at an average price of $59.00, for a total transaction of $1,433,464.00.
• On Monday, April 6th, Josh Silverman sold 12,148 shares of Etsy stock. The stock was sold at an average price of $54.00, for a total transaction of $655,992.00.
• On Wednesday, April 1st, Josh Silverman sold 6,074 shares of Etsy stock. The stock was sold at an average price of $49.07, for a total transaction of $298,051.18.
• On Monday, February 2nd, Josh Silverman sold 21,666 shares of Etsy stock. The stock was sold at an average price of $53.26, for a total transaction of $1,153,931.16.

Etsy Price Performance

Shares of ETSY traded down $2.65 during mid-day trading on Thursday, hitting $63.41. 2,839,771 shares of the company traded hands, compared to its average volume of 3,442,166. Etsy Inc has a 1-year low of $41.51 and a 1-year high of $76.51. The company has a market capitalization of $6.02 billion, a P/E ratio of 48.41, a PEG ratio of 4.95 and a beta of 1.77. The firm’s 50 day simple moving average is $53.21.

Etsy (NYSE:ETSY) last issued its quarterly earnings results on Thursday, February 19th. The company reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.04. Etsy had a net margin of 5.65% and a negative return on equity of 24.94%. The company had revenue of $881.64 million for the quarter. On average, sell-side analysts predict that Etsy Inc will post 3.12 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. EFG International AG acquired a new position in Etsy in the 4th quarter valued at $33,000. Salomon & Ludwin LLC acquired a new position in Etsy in the 3rd quarter valued at $55,000. SJS Investment Consulting Inc. raised its stake in Etsy by 12,600.0% in the 3rd quarter. SJS Investment Consulting Inc. now owns 762 shares of the company’s stock valued at $51,000 after purchasing an additional 756 shares during the last quarter. Abich Financial Wealth Management LLC acquired a new position in Etsy in the 3rd quarter valued at $51,000. Finally, Danske Bank A S acquired a new position in Etsy in the 3rd quarter valued at $66,000. 99.53% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting Etsy

Here are the key news stories impacting Etsy this week:

• Positive Sentiment: Raymond James raised its price target on ETSY to $75 (from $60) and kept an Outperform rating — a signal that at least one sell‑side shop sees valuation upside and a potential bottoming of the stock ahead of the Q1 print. Raymond James Raises Target
• Positive Sentiment: Consumer trend coverage highlights pockets of strength on Etsy — rising demand in handmade plus-size apparel, nostalgia/personalized gifts, and bold personal jewelry — which support the marketplace’s differentiated, niche merchandise strategy and could help GMV recovery. Plus-size market rises Seller trends
• Neutral Sentiment: Earnings and GMV context: recent transcripts show consolidated GMS down modestly (about -2.1% Y/Y) but marketplace GMS improving vs Q1 and active buyers (~92M) holding steady — mixed operational reads that leave the story dependent on near‑term revenue/margin prints. Earnings call transcript
• Neutral Sentiment: Wall Street expectations: coverage notes analysts expect earnings growth next week, setting a clear near‑term catalyst but not guaranteeing an upside surprise. Zacks preview
• Negative Sentiment: Zacks Research downgraded ETSY from “strong‑buy” to “hold,” reducing near‑term analyst support and potentially pressuring sentiment. Zacks downgrade
• Negative Sentiment: Insider selling: CEO Josh Silverman filed sales this week (two filings totaling ~54.7k shares), which can unsettle investors even if sales are for diversification or liquidity reasons. Insider sale 1 Insider sale 2

Wall Street Analyst Weigh In

Several research firms have commented on ETSY. Wells Fargo & Company lowered their price objective on Etsy from $52.00 to $47.00 and set an “underweight” rating on the stock in a research report on Friday, February 20th. Wall Street Zen upgraded Etsy from a “hold” rating to a “buy” rating in a research report on Saturday, April 11th. Barclays upgraded Etsy from an “equal weight” rating to an “overweight” rating and set a $72.00 price objective on the stock in a research report on Thursday, February 19th. Raymond James Financial restated an “outperform” rating and issued a $75.00 price objective on shares of Etsy in a research report on Thursday. Finally, Morgan Stanley lowered their price objective on Etsy from $65.00 to $60.00 and set an “equal weight” rating on the stock in a research report on Friday, February 20th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eighteen have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $61.88.

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.