Etsy (NYSE:ETSY) Upgraded at JPMorgan Chase & Co.

Key Points

• JPMorgan upgraded Etsy to “overweight” from “neutral” and raised its price target to $100 from $85, implying roughly 21.5% upside from the previous close.
• Despite several analysts raising their targets, Etsy’s broader consensus remains “Hold”, with an average price target of $78.16.
• Etsy shares opened at $82.29, near their 52-week high, while insiders sold approximately $44.4 million worth of stock over the past 90 days; institutional investors own 99.53% of the company.

Etsy (NYSE:ETSY - Get Free Report) was upgraded by research analysts at JPMorgan Chase & Co. from a "neutral" rating to an "overweight" rating in a report released on Friday,Benzinga reports. The firm currently has a $100.00 price target on the stock, up from their prior price target of $85.00. JPMorgan Chase & Co.'s price target would indicate a potential upside of 21.52% from the company's previous close.

A number of other equities analysts also recently weighed in on the stock. Arete Research set a $76.00 price target on shares of Etsy and gave the stock a "buy" rating in a research note on Wednesday, May 20th. Bank of America boosted 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. Jefferies Financial Group increased their target price on Etsy from $62.00 to $80.00 and gave the stock a "hold" rating in a research report on Tuesday, July 14th. Needham & Company LLC lifted their price objective on shares of Etsy from $65.00 to $85.00 and gave the company a "buy" rating in a research report on Thursday, April 30th. Finally, Roth Capital began coverage on Etsy in a report on Thursday, May 21st. They set a "buy" rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, nineteen have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Etsy presently has a consensus rating of "Hold" and an average target price of $78.16.

Etsy Stock Performance

Shares of NYSE:ETSY opened at $82.29 on Friday. The stock has a market capitalization of $7.81 billion, a price-to-earnings ratio of 45.97, a PEG ratio of 3.36 and a beta of 1.84. Etsy has a one year low of $44.00 and a one year high of $87.97. The company has a 50-day simple moving average of $77.10 and a 200-day simple moving average of $63.55.

Insider Buying and Selling at Etsy

In other news, insider Josh Silverman sold 134,730 shares of the stock in a transaction on Monday, June 1st. The stock was sold at an average price of $68.89, for a total transaction of $9,281,549.70. Following the completion of the sale, the insider owned 130,694 shares in the company, valued at approximately $9,003,509.66. This represents a 50.76% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Frederick R. Wilson sold 20,000 shares of Etsy 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 completion of the transaction, the director owned 421,329 shares in the company, valued at $35,062,999.38. The trade was a 4.53% 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. Insiders sold 596,310 shares of company stock worth $44,425,234 in the last ninety days. 2.50% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Etsy

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. SG Americas Securities LLC grew its stake in Etsy by 717.7% in the first quarter. SG Americas Securities LLC now owns 1,497,174 shares of the company's stock valued at $74,829,000 after purchasing an additional 1,314,071 shares in the last quarter. AQR Capital Management LLC increased its position in Etsy by 40.1% in the 4th quarter. AQR Capital Management LLC now owns 4,111,639 shares of the company's stock worth $227,785,000 after purchasing an additional 1,177,301 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its stake in shares of Etsy by 51.4% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 3,278,123 shares of the company's stock worth $163,841,000 after purchasing an additional 1,112,520 shares in the last quarter. Norges Bank purchased a new stake in shares of Etsy during the 4th quarter worth about $33,903,000. Finally, Renaissance Technologies LLC lifted its holdings in shares of Etsy by 11.1% during the 1st quarter. Renaissance Technologies LLC now owns 5,962,210 shares of the company's stock valued at $297,991,000 after buying an additional 594,768 shares during the last quarter. Institutional investors and hedge funds own 99.53% of the company's stock.

More Etsy News

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

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.

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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