Josh Silverman Sells 36,443 Shares of Etsy (NYSE:ETSY) Stock

Key Points

• Josh Silverman sold 36,443 shares of Etsy on April 29 at an average price of $69 for about $2.51M, leaving him with 130,694 shares; the sale was executed under a pre-arranged Rule 10b5-1 trading plan.
• Silverman has been steadily reducing his stake, selling roughly 201,000 shares since February 2 across multiple transactions, generating about $12.6M in proceeds.
• Separately, Etsy posted a Q1 beat (revenue and EPS above estimates) with GMS up ~5.5% and first buyer growth in two years, while the stock trades around $63 and carries a consensus analyst target near $70.09.

Etsy Inc (NYSE:ETSY - Get Free Report) insider Josh Silverman sold 36,443 shares of the business's stock in a transaction on Wednesday, April 29th. The stock was sold at an average price of $69.00, for a total transaction of $2,514,567.00. Following the transaction, the insider owned 130,694 shares in the company, valued at approximately $9,017,886. The trade was a 21.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Josh Silverman also recently made the following trade(s):

• On Tuesday, April 21st, Josh Silverman sold 70,000 shares of Etsy stock. The shares were sold at an average price of $65.00, for a total transaction of $4,550,000.00.
• On Monday, April 20th, Josh Silverman sold 30,369 shares of Etsy stock. The shares were sold at an average price of $64.00, for a total transaction of $1,943,616.00.
• On Thursday, April 16th, Josh Silverman sold 24,296 shares of Etsy stock. The stock was sold at an average price of $59.00, for a total transaction of $1,433,464.00.
• On Monday, April 6th, Josh Silverman sold 12,148 shares of Etsy stock. The shares were sold at an average price of $54.00, for a total transaction of $655,992.00.
• On Wednesday, April 1st, Josh Silverman sold 6,074 shares of Etsy stock. The shares were sold at an average price of $49.07, for a total transaction of $298,051.18.
• On Monday, February 2nd, Josh Silverman sold 21,666 shares of Etsy stock. The stock was sold at an average price of $53.26, for a total value of $1,153,931.16.

Etsy Price Performance

NYSE:ETSY traded down $1.18 on Friday, hitting $63.16. The company's stock had a trading volume of 3,148,584 shares, compared to its average volume of 3,537,525. The firm has a fifty day moving average of $55.48. The company has a market cap of $5.99 billion, a price-to-earnings ratio of 26.32, a P/E/G ratio of 10.43 and a beta of 1.77. Etsy Inc has a one year low of $42.97 and a one year high of $76.51.

Etsy (NYSE:ETSY - Get Free Report) last issued its quarterly earnings data on Thursday, February 19th. The company reported $0.92 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.88 by $0.04. The company had revenue of $881.64 million during the quarter. Etsy had a negative return on equity of 28.60% and a net margin of 9.94%. On average, equities research analysts anticipate that Etsy Inc will post 3.16 EPS for the current fiscal year.

Institutional Trading of Etsy

Institutional investors and hedge funds have recently modified their holdings of the business. Public Sector Pension Investment Board grew its holdings in shares of Etsy by 21.2% during the third quarter. Public Sector Pension Investment Board now owns 430,824 shares of the company's stock worth $28,602,000 after purchasing an additional 75,295 shares during the last quarter. Allianz Asset Management GmbH raised its holdings in Etsy by 1,648.1% in the 3rd quarter. Allianz Asset Management GmbH now owns 706,679 shares of the company's stock valued at $46,916,000 after buying an additional 666,253 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in Etsy by 33.7% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 187,028 shares of the company's stock worth $10,369,000 after buying an additional 47,105 shares during the period. Lone Pine Capital LLC acquired a new stake in Etsy during the 3rd quarter worth approximately $257,614,000. Finally, Great Lakes Advisors LLC bought a new stake in Etsy during the 3rd quarter worth approximately $1,889,000. 99.53% of the stock is currently owned by institutional investors.

Key Headlines Impacting Etsy

Here are the key news stories impacting Etsy this week:

• Positive Sentiment: Q1 results beat expectations — revenue and EPS topped estimates, advertising & services growth improved margins and Etsy swung back to profit, supporting near-term earnings credibility. ETSY Q1 Earnings & Revenues Surpass Estimates
• Positive Sentiment: Marketplace traction: Gross merchandise sales (GMS) rose ~5.5% and Etsy reported its first buyer growth in two years — early signs the platform changes are restoring demand. Etsy posts 5.5% GMS growth as marketplace focus sharpens
• Positive Sentiment: Management commentary: CEO says the marketplace rebuild is paying off, which supports confidence in execution and monetization of product/AI improvements. Etsy’s Marketplace Rebuild Paying Off, Says CEO Kruti Patel Goyal
• Positive Sentiment: Analyst bullishness: Multiple firms boosted price targets (Needham, Truist, Canaccord, Barclays, BTIG), including Needham raising to $85, signaling upside expectations for execution and margin recovery. Etsy Given New $85.00 Price Target at Needham
• Neutral Sentiment: Mixed analyst actions: JPMorgan raised its price target to $75 but maintained a neutral rating, reflecting upside yet cautious conviction. JPMorgan Chase & Co. price target change (Benzinga)
• Neutral Sentiment: B. Riley downgraded ETSY from buy to neutral even as it nudged its target higher — illustrates mixed sentiment among brokers. Etsy Downgraded by B. Riley Financial
• Negative Sentiment: Sustainability scrutiny: Morgan Stanley flagged ESG/sustainability questions despite Etsy’s return to growth, a potential headwind for valuation and brand-sensitive buyers. Etsy Faces Sustainability Questions Despite Return to Growth
• Negative Sentiment: Algorithm & AI disruption risk: A major search algorithm change makes AI-driven SEO urgent for sellers — could raise seller costs and create short-term friction as sellers adapt. AI SEO becomes urgent for Etsy sellers after major algorithm change
• Negative Sentiment: Mixed sell-side ratings: Some firms (e.g., Wells Fargo) maintained or raised price targets while keeping underweight/negative stances — adds downward pressure and trading volatility. Wells Fargo price target/underweight (Benzinga)

Analysts Set New Price Targets

ETSY has been the topic of a number of analyst reports. B. Riley Financial lowered shares of Etsy from a "buy" rating to a "neutral" rating and increased their target price for the stock from $70.00 to $75.00 in a research report on Thursday. Stifel Nicolaus cut their price target on Etsy from $62.00 to $55.00 and set a "hold" rating for the company in a research note on Friday, February 20th. Raymond James Financial reissued an "outperform" rating and set a $75.00 price target on shares of Etsy in a research report on Thursday, April 23rd. Cantor Fitzgerald raised their price objective on Etsy from $51.00 to $59.00 and gave the stock a "neutral" rating in a research note on Tuesday, April 21st. Finally, Wall Street Zen raised Etsy from a "hold" rating to a "buy" rating in a report on Saturday, April 11th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, nineteen have assigned a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat.com, Etsy currently has an average rating of "Hold" and a consensus target price of $70.09.

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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