Etsy (NASDAQ:ETSY) Price Target Lowered to $58.00 at JPMorgan Chase & Co.

Etsy (NASDAQ:ETSY) had its target price decreased by investment analysts at JPMorgan Chase & Co. from $65.00 to $58.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has a “neutral” rating on the specialty retailer’s stock. JPMorgan Chase & Co.‘s price target suggests a potential upside of 9.62% from the company’s current price.

Other analysts also recently issued research reports about the stock. Canaccord Genuity Group set a $72.00 price objective on shares of Etsy in a report on Friday. Evercore downgraded shares of Etsy from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 30th. Barclays upped their target price on Etsy from $60.00 to $62.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 30th. Needham & Company LLC decreased their price target on Etsy from $76.00 to $65.00 and set a “buy” rating on the stock in a research note on Friday. Finally, B. Riley Financial lowered their price target on Etsy from $78.00 to $70.00 and set a “buy” rating for the company in a report on Friday. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eighteen have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $61.12.

Etsy Price Performance

ETSY traded up $4.77 during trading on Friday, hitting $52.91. The stock had a trading volume of 7,145,553 shares, compared to its average volume of 4,101,356. The company has a 50 day moving average price of $55.66 and a 200-day moving average price of $59.49. Etsy has a one year low of $40.05 and a one year high of $76.51. The firm has a market cap of $5.22 billion, a price-to-earnings ratio of 42.67, a P/E/G ratio of 10.65 and a beta of 1.77.

Etsy declared that its board has initiated a stock repurchase plan on Thursday, December 18th that allows the company to repurchase $750.00 million in shares. This repurchase authorization allows the specialty retailer to repurchase up to 14.2% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.

Insider Activity

In other news, insider Josh Silverman sold 86,666 shares of the firm’s stock in a transaction that occurred on Friday, January 2nd. The shares were sold at an average price of $57.46, for a total value of $4,979,828.36. Following the completion of the transaction, the insider directly owned 90,661 shares in the company, valued at approximately $5,209,381.06. This trade represents a 48.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Merilee Buckley sold 5,636 shares of the stock in a transaction on Monday, January 5th. The stock was sold at an average price of $58.45, for a total transaction of $329,424.20. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 135,934 shares of company stock valued at $7,661,068. 2.80% of the stock is owned by company insiders.

Institutional Trading of Etsy

Hedge funds have recently bought and sold shares of the company. Public Sector Pension Investment Board raised its position in Etsy by 21.2% in the 3rd quarter. Public Sector Pension Investment Board now owns 430,824 shares of the specialty retailer’s stock valued at $28,602,000 after purchasing an additional 75,295 shares during the last quarter. Allianz Asset Management GmbH boosted its holdings in Etsy by 1,648.1% in the 3rd quarter. Allianz Asset Management GmbH now owns 706,679 shares of the specialty retailer’s stock valued at $46,916,000 after purchasing an additional 666,253 shares in the last quarter. Monaco Asset Management SAM acquired a new position in Etsy during the 2nd quarter worth approximately $1,254,000. Y Intercept Hong Kong Ltd acquired a new stake in shares of Etsy in the 2nd quarter valued at approximately $8,671,000. Finally, Great Lakes Advisors LLC acquired a new position in Etsy during the third quarter worth $1,889,000. Hedge funds and other institutional investors own 99.53% of the company’s stock.

Trending Headlines about Etsy

Here are the key news stories impacting Etsy this week:

• Positive Sentiment: Sale of Depop to eBay for $1.2 billion in cash — provides >$1B of liquidity and lets Etsy refocus on its core marketplace; this deal was the primary rally catalyst. CNBC: eBay buying Depop from Etsy
• Positive Sentiment: Q4 results beat EPS estimates and showed a return to slight year‑over‑year GMS growth — helped investors look past near‑term demand softness. Zacks: Q4 earnings & revenues surpass estimates
• Positive Sentiment: Industry‑wide boost from Supreme Court tariff ruling — e‑commerce peers (Amazon, Etsy, Shopify) jumped, providing technical upside for ETSY. CNBC: Supreme Court ruling lifts e‑commerce stocks
• Neutral Sentiment: Some analysts raised their outlook (e.g., Truist bumped its PT to $83; Needham remains constructive) — supports upside narratives for parts of the investor base. Street Insider: Truist raises PT
• Neutral Sentiment: Technical/short‑squeeze element — elevated short interest amplified the move, so some of the rally may be driven by positioning rather than fundamentals. Benzinga: short interest note
• Negative Sentiment: Multiple analyst downgrades/price‑target trims (Wells Fargo to $47 underweight; Morgan Stanley to $60 equal‑weight; Stifel/Cantor trims) — signals caution on medium‑term growth and valuation. MarketScreener: Morgan Stanley cut
• Negative Sentiment: Profitability and margin pressure in Q4 — revenue roughly inline but lower profit and strained operating metrics support concerns about a valuation reset. WSJ: profit vs revenue commentary
• Negative Sentiment: Insider director sale disclosed (Marla Blow sold 300 shares) — small size but noted by markets as a mild negative datapoint. InsiderTrades: director sale

Etsy Company Profile

Etsy, Inc (NASDAQ: ETSY) operates a global e-commerce marketplace focused on handmade, vintage and unique goods. The platform connects individual artisans, small businesses and collectors with buyers seeking one-of-a-kind items, ranging from handcrafted jewelry and clothing to home décor and art supplies. Etsy’s revenue is primarily generated through listing fees, transaction fees on sales and optional seller services such as advertising and shipping labels.

Founded in 2005 and headquartered in Brooklyn, New York, Etsy has cultivated a community-driven ethos, encouraging sustainable practices and personal entrepreneurship.