Etsy (NYSE:ETSY) Price Target Raised to $100.00 at Needham & Company LLC

Key Points

• Needham raised Etsy’s price target to $100 from $85 and maintained a “Buy” rating, implying 21.52% upside from the prior close.
• Analyst sentiment remains mixed: Etsy has a consensus “Hold” rating and an average price target of $78.16, despite several firms recently raising their targets.
• Etsy shares opened at $82.29, while insiders have sold approximately $44.4 million worth of stock over the past three months; institutional investors own 99.53% of the company.

Etsy (NYSE:ETSY - Get Free Report) had its target price raised by Needham & Company LLC from $85.00 to $100.00 in a research note issued on Friday,Benzinga reports. The firm currently has a "buy" rating on the stock. Needham & Company LLC's price target would suggest a potential upside of 21.52% from the stock's previous close.

Several other research analysts have also recently commented on ETSY. Zacks Research cut Etsy from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, July 14th. Cantor Fitzgerald upped their target price on Etsy from $80.00 to $85.00 and gave the company a "neutral" rating in a research report on Friday. Evercore set a $83.00 price target on shares of Etsy in a research note on Thursday. Canaccord Genuity Group set a $92.00 price objective on shares of Etsy in a report on Thursday. Finally, Bank of America upped their target price on shares of Etsy from $72.00 to $75.00 and gave the company a "neutral" rating in a research note on Thursday, May 28th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, nineteen have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $78.16.

Etsy Price Performance

NYSE:ETSY opened at $82.29 on Friday. The firm has a 50-day moving average of $77.10 and a two-hundred day moving average of $63.55. The stock has a market cap of $7.81 billion, a P/E ratio of 45.97, a PEG ratio of 3.36 and a beta of 1.84. Etsy has a 1-year low of $44.00 and a 1-year high of $87.97.

Insider Activity

In related news, Director Frederick R. Wilson sold 20,000 shares of the stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $83.22, for a total transaction of $1,664,400.00. Following the completion of the sale, the director directly owned 421,329 shares of the company's stock, valued at $35,062,999.38. This represents a 4.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, 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 134,730 shares of the stock in a transaction dated 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 sale, the insider directly owned 130,694 shares of the company's stock, valued at approximately $9,003,509.66. This represents a 50.76% 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. In the last three months, insiders have sold 596,310 shares of company stock worth $44,425,234. 2.50% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Etsy

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Persistent Asset Partners Ltd bought a new stake in Etsy during the second quarter valued at about $201,000. Global Retirement Partners LLC acquired a new position in shares of Etsy in the 2nd quarter valued at $34,000. Bank of New York Mellon Corp acquired a new position in shares of Etsy in the 2nd quarter worth approximately $42,781,000. State of Wyoming acquired a new position in Etsy during the second quarter worth $242,000. Finally, GSA Capital Partners LLP acquired a new stake in shares of Etsy in the 2nd quarter valued at $2,775,000. Institutional investors and hedge funds own 99.53% of the company's stock.

Etsy News Summary

Here are the key news stories impacting Etsy this week:

• Positive Sentiment: Q2 results exceeded expectations: Etsy reported approximately $668.3 million in revenue, above the $646.1 million consensus estimate, while adjusted earnings of $1.34 per share topped expectations of $1.17. Growth in gross merchandise sales (GMS), Etsy Ads and operating leverage supported the quarter. Etsy Q2 Earnings Beat on GMS and Ads Strength
• Positive Sentiment: Marketplace momentum and guidance improved: Standalone Etsy GMS growth accelerated to 7.5% year over year, aided by higher average order values and more active buyers. Stronger margins prompted management to raise its 2026 outlook. Etsy Efficiency Push and GMS Strength
• Positive Sentiment: Capital returns may support the shares: Etsy authorized an additional $2 billion share-repurchase program. Buybacks could support earnings per share and signal confidence in the company’s cash generation. Etsy to Cut 12 Percent of Workforce
• Neutral Sentiment: Analysts raised some forecasts: Several analysts increased their price targets following the quarterly beat, although the broader analyst consensus remains close to “Hold,” reflecting uncertainty about the turnaround and current valuation. Etsy Analysts Increase Their Forecasts
• Negative Sentiment: Layoffs highlight execution concerns: Etsy plans to eliminate about 220 jobs, or 12% of its workforce, primarily to simplify operations and speed decision-making. Management says the move is intended to position the company for growth, but investors may interpret it as evidence that the turnaround remains challenging. Etsy Layoffs and Restructuring Plan
• Negative Sentiment: Insider selling adds an overhang: Executive Chair Josh Silverman sold 6,294 shares for about $529,000, following additional sales in recent months. CFO Charles Baker also sold shares. The transactions were made under pre-arranged Rule 10b5-1 plans, reducing their predictive value, but the sales can still weigh on sentiment after the stock’s strong run. Etsy Insider Josh Silverman Sells Shares

About Etsy

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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