Etsy (NYSE:ETSY) Lowered to Hold Rating by Wall Street Zen

Wall Street Zen cut shares of Etsy (NYSE:ETSY) from a buy rating to a hold rating in a research report sent to investors on Saturday.

Other equities analysts have also recently issued research reports about the company. JPMorgan Chase & Co. raised their price target on Etsy from $58.00 to $75.00 and gave the company a “neutral” rating in a report on Thursday. Jefferies Financial Group cut their price target on Etsy from $62.00 to $55.00 and set a “hold” rating for the company in a report on Thursday, February 12th. Weiss Ratings restated a “hold (c-)” rating on shares of Etsy in a report on Monday, April 20th. Deutsche Bank Aktiengesellschaft raised their price target on Etsy from $74.00 to $75.00 and gave the company a “hold” rating in a report on Thursday. Finally, Barclays raised their price target on Etsy from $72.00 to $82.00 and gave the company an “overweight” rating in a report on Thursday. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, nineteen have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, Etsy has a consensus rating of “Hold” and a consensus price target of $70.09.

Etsy Price Performance

NYSE ETSY opened at $63.16 on Friday. The stock has a market cap of $5.99 billion, a PE ratio of 26.32, a PEG ratio of 9.47 and a beta of 1.90. The company’s 50 day moving average price is $55.48. Etsy has a 1-year low of $42.97 and a 1-year high of $76.51.

Etsy (NYSE:ETSY) last released its quarterly earnings results on Thursday, February 19th. The company reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.04. The business had revenue of $881.64 million during the quarter. Etsy had a negative return on equity of 28.60% and a net margin of 9.94%. Equities analysts predict that Etsy will post 3.71 EPS for the current fiscal year.

Insider Transactions at Etsy

In other news, CAO Merilee Buckley sold 1,993 shares of Etsy stock in a transaction that occurred on Monday, April 6th. The stock was sold at an average price of $52.92, for a total value of $105,469.56. Following the completion of the transaction, the chief accounting officer owned 809 shares in the company, valued at approximately $42,812.28. The trade was a 71.13% decrease in their position. The sale 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. Also, Director Charles Andrew Ballard sold 1,790 shares of Etsy stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $55.74, for a total value of $99,774.60. Following the completion of the transaction, the director owned 4,006 shares of the company’s stock, valued at approximately $223,294.44. This trade represents a 30.88% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 205,079 shares of company stock worth $12,768,270. 2.80% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Etsy

Institutional investors and hedge funds have recently modified their holdings of the stock. EFG International AG purchased a new position in shares of Etsy in the 4th quarter worth approximately $33,000. Salomon & Ludwin LLC bought a new stake in shares of Etsy during the 3rd quarter worth approximately $55,000. SJS Investment Consulting Inc. lifted its stake in shares of Etsy by 12,600.0% during the 3rd quarter. SJS Investment Consulting Inc. now owns 762 shares of the company’s stock worth $51,000 after acquiring an additional 756 shares during the last quarter. Abich Financial Wealth Management LLC bought a new stake in shares of Etsy during the 3rd quarter worth approximately $51,000. Finally, Danske Bank A S bought a new stake in shares of Etsy during the 3rd quarter worth approximately $66,000. Hedge funds and other institutional investors own 99.53% of the company’s stock.

Etsy News Summary

Here are the key news stories impacting Etsy this week:

• Positive Sentiment: Q1 results beat estimates: revenue and EPS topped forecasts; Etsy reported mid-single-digit GMS growth and its first buyer growth in two years, signaling improving marketplace momentum. ETSY Q1 Earnings & Revenues Surpass Estimates
• Positive Sentiment: Gross merchandise sales (GMS) +5.5% in Q1 and improving revenue mix as advertising/services drive growth and margins — key fundamentals investors reward. Etsy marketplace GMS rises 5.5% in first quarter
• Positive Sentiment: Several brokers raised price targets and issued buy/overweight calls (Needham to $85 buy; Canaccord to $80 buy; Barclays to $82 overweight; Truist to $85 buy), providing bullish analyst support. Broker Price Target Actions
• Neutral Sentiment: Management commentary and coverage note a “cautious recovery” from the earnings call — positive operational signs but management is measured on cadence of improvement. Earnings Call Highlights
• Neutral Sentiment: Product/marketplace stories emphasize a platform rebuild and trend-tailwinds (nostalgia/bold design) that may support long-term engagement but are execution-dependent. Marketplace Rebuild Paying Off
• Neutral Sentiment: Press pieces highlight AI/SEO algorithm changes that create urgency for sellers — mixed near-term impact (implementation frictions vs. longer-term search improvements). AI SEO Urgency for Sellers
• Negative Sentiment: Insider sale: former CEO Josh Silverman sold ~36,443 shares under a 10b5‑1 plan, reducing his stake by ~21.8% — often interpreted by markets as a near-term negative signal despite pre-arrangement. SEC Form 4
• Negative Sentiment: B. Riley downgraded ETSY from buy to neutral (PT $75) and Wells Fargo remains underweight despite a raised target — mixed-to-cautious analyst views could cap upside in the near term. B. Riley Downgrade
• Negative Sentiment: Morgan Stanley flagged sustainability questions even as growth returns — ESG scrutiny can pressure multiples and investor sentiment. Sustainability Questions

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.