Etsy Inc $ETSY Holdings Lifted by Hussman Strategic Advisors Inc.

Key Points

• Hussman Strategic Advisors doubled its stake in Etsy to 84,000 shares in Q4, making Etsy its second-largest holding at about 1.1% of Hussman’s portfolio and worth roughly $4.66 million.
• Etsy reported a Q1 beat (EPS $0.92 vs. $0.88) with GMS up 5.5% and first buyer growth in two years, but analyst sentiment is mixed—MarketBeat shows an average rating of “Hold” and an average price target of $70.09 amid both upgrades and downgrades.
• Insider selling has been notable recently, including former CEO Josh Silverman’s sale of ~36,443 shares and a total of 205,079 insider shares sold (~$12.8M) over the past 90 days, leaving insiders owning about 2.8% of the stock.

Hussman Strategic Advisors Inc. grew its position in shares of Etsy Inc (NYSE:ETSY - Free Report) by 100.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 84,000 shares of the company's stock after buying an additional 42,000 shares during the period. Etsy accounts for 1.1% of Hussman Strategic Advisors Inc.'s investment portfolio, making the stock its 2nd largest position. Hussman Strategic Advisors Inc. owned about 0.09% of Etsy worth $4,657,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. SJS Investment Consulting Inc. lifted its position 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 valued at $51,000 after buying an additional 756 shares during the last quarter. Abich Financial Wealth Management LLC purchased a new position in shares of Etsy during the 3rd quarter valued at $51,000. Salomon & Ludwin LLC purchased a new position in shares of Etsy during the 3rd quarter valued at $55,000. Danske Bank A S purchased a new position in shares of Etsy during the 3rd quarter valued at $66,000. Finally, LSV Asset Management purchased a new position in shares of Etsy during the 3rd quarter valued at $86,000. Hedge funds and other institutional investors own 99.53% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. B. Riley Financial cut Etsy from a "buy" rating to a "neutral" rating and upped their price target for the company from $70.00 to $75.00 in a research report on Thursday. Guggenheim upped their price target on Etsy from $75.00 to $85.00 and gave the company a "buy" rating in a research report on Thursday. Zacks Research lowered Etsy from a "strong-buy" rating to a "hold" rating in a research note on Monday, April 20th. Truist Financial boosted their price objective on Etsy from $83.00 to $85.00 and gave the company a "buy" rating in a research note on Thursday. Finally, Jefferies Financial Group decreased their price objective on Etsy from $62.00 to $55.00 and set a "hold" rating on the stock in a research note on Thursday, February 12th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, nineteen have issued a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $70.09.

Etsy Stock Performance

NYSE:ETSY opened at $63.16 on Friday. Etsy Inc has a 52-week low of $42.97 and a 52-week high of $76.51. The company has a market cap of $5.99 billion, a price-to-earnings ratio of 26.32, a price-to-earnings-growth ratio of 9.47 and a beta of 1.90. The company's fifty day moving average is $55.48.

Etsy (NYSE:ETSY - Get Free Report) last released its quarterly earnings data on Thursday, February 19th. The company reported $0.92 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.88 by $0.04. Etsy had a negative return on equity of 28.60% and a net margin of 9.94%.The company had revenue of $881.64 million for the quarter. On average, sell-side analysts predict that Etsy Inc will post 3.71 EPS for the current fiscal year.

Trending Headlines about Etsy

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

Insiders Place Their Bets

In other Etsy news, CAO Merilee Buckley sold 1,993 shares of the company's stock in a transaction dated Monday, April 6th. The stock was sold at an average price of $52.92, for a total value of $105,469.56. Following the transaction, the chief accounting officer directly owned 809 shares in the company, valued at $42,812.28. This represents a 71.13% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Charles Andrew Ballard sold 1,790 shares of the company's stock in a transaction dated 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 in the company, valued at $223,294.44. This represents a 30.88% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 205,079 shares of company stock worth $12,768,270 in the last ninety days. 2.80% of the stock is currently owned by insiders.

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.

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