Etsy (NYSE:ETSY) CFO Sells $134,316.32 in Stock

Etsy Inc (NYSE:ETSY) CFO Charles Baker sold 1,564 shares of the firm’s stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $85.88, for a total value of $134,316.32. Following the transaction, the chief financial officer owned 11,357 shares of the company’s stock, valued at approximately $975,339.16. The trade was a 12.10% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Etsy Trading Up 3.9%

NYSE:ETSY opened at $85.45 on Friday. The company has a market capitalization of $8.11 billion, a P/E ratio of 47.74, a P/E/G ratio of 3.35 and a beta of 1.84. Etsy Inc has a 12 month low of $44.00 and a 12 month high of $87.97. The business’s 50-day moving average is $77.45 and its 200 day moving average is $63.70.

Key Etsy News

Here are the key news stories impacting Etsy this week:

• Positive Sentiment: Q2 earnings beat expectations: Etsy reported approximately $668.3 million in revenue and adjusted earnings of $1.34 per share, exceeding consensus estimates of $646.1 million and $1.17, respectively. Strength in gross merchandise sales (GMS), Etsy Ads and operating leverage helped drive the results. Etsy Q2 Earnings Beat on GMS and Ads Strength
• Positive Sentiment: Growth and guidance improved: Standalone Etsy GMS growth accelerated to 7.5% year over year, supported by higher order values, increased active buyers, mobile momentum and better buyer retention. Management raised its 2026 growth outlook as search, personalization and marketing initiatives gain traction. Etsy Q2 Earnings Call Lifts Outlook
• Positive Sentiment: Analyst optimism increased: JPMorgan upgraded Etsy to “overweight” and raised its price target to $100, while Needham also lifted its target to $100 with a “buy” rating. The targets reflect expectations that Etsy’s turnaround may continue. JPMorgan Upgrades Etsy
• Positive Sentiment: Large buyback authorized: Etsy approved an additional $2 billion share-repurchase program, which could support earnings per share and return capital to shareholders. Etsy Workforce Reduction and Buyback
• Neutral Sentiment: Analyst views remain mixed: Piper Sandler, Wells Fargo and Cantor Fitzgerald raised price targets but retained neutral or underweight ratings, suggesting that some analysts believe the recent gains already reflect much of the improvement.
• Negative Sentiment: Restructuring and insider sales create risks: Etsy plans to cut about 220 jobs, or 12% of its workforce, to simplify operations and accelerate execution. The CFO and executive chair also sold shares under pre-arranged Rule 10b5-1 plans, which may weigh on sentiment despite having limited predictive value. Etsy Layoffs Amid Restructuring

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. Bank of America upped their price objective on Etsy from $72.00 to $75.00 and gave the stock a “neutral” rating in a report on Thursday, May 28th. Raymond James Financial raised their target price on shares of Etsy from $75.00 to $92.00 and gave the company an “outperform” rating in a report on Tuesday, July 21st. Argus upgraded shares of Etsy from a “hold” rating to a “buy” rating and set a $67.00 price target on the stock in a research report on Thursday, May 21st. Arete Research set a $76.00 price target on shares of Etsy and gave the company a “buy” rating in a research note on Wednesday, May 20th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of Etsy from $74.00 to $75.00 and gave the company a “hold” rating in a research report on Thursday, April 30th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, twenty have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $81.23.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of ETSY. Renaissance Technologies LLC raised its stake in shares of Etsy by 11.1% in the first quarter. Renaissance Technologies LLC now owns 5,962,210 shares of the company’s stock valued at $297,991,000 after acquiring an additional 594,768 shares during the period. AQR Capital Management LLC grew its holdings in Etsy by 40.1% during the 4th quarter. AQR Capital Management LLC now owns 4,111,639 shares of the company’s stock valued at $227,785,000 after purchasing an additional 1,177,301 shares during the last quarter. Van ECK Associates Corp grew its holdings in Etsy by 1.1% during the 4th quarter. Van ECK Associates Corp now owns 3,734,156 shares of the company’s stock valued at $207,022,000 after purchasing an additional 39,067 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its position in Etsy by 51.4% in 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 during the period. Finally, Assenagon Asset Management S.A. raised its position in Etsy by 48.0% in the 2nd quarter. Assenagon Asset Management S.A. now owns 1,613,333 shares of the company’s stock worth $121,532,000 after purchasing an additional 523,092 shares during the period. 99.53% of the stock is owned by hedge funds and other institutional investors.

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.