Landscape Capital Management L.L.C. Makes New Investment in Etsy Inc $ETSY

Landscape Capital Management L.L.C. acquired a new stake in Etsy Inc (NYSE:ETSY) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 85,835 shares of the company’s stock, valued at approximately $6,466,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. EP Wealth Advisors LLC acquired a new position in shares of Etsy during the second quarter worth approximately $710,000. Ieq Capital LLC bought a new stake in shares of Etsy during the second quarter valued at approximately $4,083,000. Allworth Financial LP acquired a new stake in shares of Etsy in the second quarter valued at approximately $136,000. Trillium Asset Management LLC acquired a new stake in shares of Etsy in the second quarter valued at approximately $4,720,000. Finally, Vise Technologies Inc. bought a new position in Etsy in the 2nd quarter worth approximately $375,000. Institutional investors and hedge funds own 99.53% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on ETSY shares. Susquehanna downgraded Etsy to a “neutral” rating in a report on Thursday, May 21st. Roth Capital started coverage on Etsy in a research note on Thursday, May 21st. They issued a “buy” rating for the company. Zacks Research downgraded Etsy from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 14th. Sanford C. Bernstein raised Etsy from a “hold” rating to an “outperform” rating in a research note on Thursday. Finally, President Capital raised Etsy from a “neutral” rating to a “buy” rating and upped their price target for the company from $57.00 to $91.00 in a research note on Thursday, June 25th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, eighteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $84.68.

Insiders Place Their Bets

In other news, Director Frederick R. Wilson sold 20,000 shares of the stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $83.22, for a total value of $1,664,400.00. Following the transaction, the director owned 421,329 shares of the company’s stock, valued at $35,062,999.38. This represents a 4.53% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Josh Silverman sold 134,730 shares of the firm’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $68.89, for a total value of $9,281,549.70. Following the completion of the transaction, the insider owned 130,694 shares in the company, valued at $9,003,509.66. This represents a 50.76% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 584,967 shares of company stock worth $43,908,631. 2.50% of the stock is currently owned by company insiders.

Etsy News Roundup

Here are the key news stories impacting Etsy this week:

• Positive Sentiment: Bank of America upgraded Etsy from “Neutral” to “Buy” and raised its price target from $88 to $95. The firm said recent growth appears increasingly structural rather than temporary, citing improved execution under CEO Kruti Patel Goyal, stronger mobile engagement and conservative estimates. It also identified potential for more than $1 billion in share buybacks following the Depop sale. Etsy upgraded to buy at BofA on durable growth, buyback potential
• Positive Sentiment: Rosenblatt Securities initiated coverage with a “Buy” rating and a $95 price target, implying meaningful upside from recent trading levels, and subsequently upgraded the shares to “Strong Buy.” The bullish view adds momentum to Etsy’s improving analyst sentiment. Rosenblatt initiates Etsy coverage
• Positive Sentiment: Recent coverage characterizes Etsy’s rebound as potentially durable, while the company’s reported partnership with OpenAI may improve product discovery and marketplace engagement over time. Etsy Partners With OpenAI
• Neutral Sentiment: Goldman Sachs has begun research coverage on Etsy, but no rating or price target was provided in the available report. The broader analyst consensus remains “Hold,” with an average target of approximately $82.73, below the newer $95 targets.
• Negative Sentiment: Director Marla Blow sold 300 shares and Chief Accounting Officer Merilee Buckley sold 405 shares under pre-arranged Rule 10b5-1 plans. The transactions were relatively small, but insider selling can temper investor enthusiasm.
• Negative Sentiment: Etsy’s latest quarterly results included an adjusted EPS loss of $0.49 versus expectations for positive EPS of $0.75, while revenue declined 0.7% year over year. With a P/E ratio near 45, investors may demand continued evidence that the company’s growth recovery can justify its valuation.

Etsy Price Performance

ETSY opened at $80.69 on Friday. The firm has a 50 day simple moving average of $79.76 and a 200 day simple moving average of $65.19. 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 $7.66 billion, a price-to-earnings ratio of 45.08, a price-to-earnings-growth ratio of 5.56 and a beta of 1.84.

Etsy (NYSE:ETSY) last announced its quarterly earnings data on Wednesday, August 5th. The company reported ($0.49) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.75 by ($1.24). Etsy had a net margin of 7.32% and a negative return on equity of 34.18%. The business had revenue of $668.31 million during the quarter, compared to the consensus estimate of $646.10 million. During the same period in the previous year, the business posted $0.25 earnings per share. Etsy’s revenue was down .7% compared to the same quarter last year. As a group, analysts expect that Etsy Inc will post 3.94 EPS for the current year.

Etsy 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.