Etsy (NYSE:ETSY) Price Target Raised to $102.00

Etsy (NYSE:ETSY) had its target price increased by BTIG Research from $90.00 to $102.00 in a report published on Wednesday,Benzinga reports. BTIG Research currently has a buy rating on the stock.

ETSY has been the subject of a number of other reports. Royal Bank Of Canada cut Etsy to a “sector perform” rating in a report on Thursday, August 20th. Zacks Research lowered shares of Etsy from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 5th. Truist Financial upped their target price on Etsy from $85.00 to $90.00 and gave the company a “buy” rating in a report on Wednesday, July 22nd. Barclays lifted their price target on Etsy from $82.00 to $94.00 and gave the stock an “overweight” rating in a research note on Friday, August 7th. Finally, Wells Fargo & Company raised their price objective on Etsy from $61.00 to $76.00 and gave the company an “underweight” rating in a research report on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, seventeen have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $94.07.

Etsy Trading Down 2.9%

Etsy stock opened at $88.95 on Wednesday. The stock has a 50-day moving average price of $78.74 and a 200 day moving average price of $68.21. Etsy has a 52 week low of $44.00 and a 52 week high of $94.49. The stock has a market cap of $7.67 billion, a PE ratio of 10.50, a P/E/G ratio of 2.13 and a beta of 1.86.

Etsy (NYSE:ETSY) last released its quarterly earnings results on Wednesday, October 28th. The company reported $7.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.76 by $6.55. The firm had revenue of $692.47 million during the quarter, compared to analysts’ expectations of $669.04 million. Etsy had a negative return on equity of 43.65% and a net margin of 34.36%. Etsy’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.63 EPS. On average, equities analysts predict that Etsy will post 3.94 EPS for the current year.

Insider Activity

In related news, Director Frederick Wilson sold 20,000 shares of the firm’s stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $81.86, for a total transaction of $1,637,200.00. Following the sale, the director owned 401,329 shares in the company, valued at approximately $32,852,791.94. This trade represents a 4.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Merilee Buckley sold 5,076 shares of the business’s stock in a transaction that occurred on Thursday, October 15th. The shares were sold at an average price of $90.00, for a total value of $456,840.00. Following the completion of the sale, the chief accounting officer owned 5,076 shares of the company’s stock, valued at $456,840. This trade represents a 50.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 133,251 shares of company stock worth $10,966,499. 2.50% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Etsy

A number of hedge funds have recently made changes to their positions in ETSY. Headlands Technologies LLC purchased a new stake in Etsy in the 2nd quarter worth about $1,045,000. Ieq Capital LLC bought a new stake in shares of Etsy during the second quarter valued at approximately $4,083,000. Landscape Capital Management L.L.C. acquired a new stake in shares of Etsy in the 2nd quarter valued at $6,466,000. Public Employees Retirement System of Ohio acquired a new position in shares of Etsy during the second quarter valued at $2,144,000. Finally, Bank of Nova Scotia bought a new stake in shares of Etsy in the second quarter worth about $18,602,000. Institutional investors own 99.53% of the company’s stock.

Key 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.