Etsy (NYSE:ETSY) CFO Charles Baker Sells 2,030 Shares

Etsy Inc (NYSE:ETSY - Get Free Report) CFO Charles Baker sold 2,030 shares of the business's stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $63.50, for a total value of $128,905.00. Following the completion of the sale, the chief financial officer directly owned 6,913 shares of the company's stock, valued at approximately $438,975.50. The trade was a 22.70% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Etsy Stock Down 1.7%

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NYSE:ETSY opened at $62.92 on Wednesday. The firm has a market capitalization of $5.97 billion, a P/E ratio of 26.22, a P/E/G ratio of 5.71 and a beta of 1.89. The stock has a 50 day moving average price of $55.69. Etsy Inc has a 52 week low of $44.00 and a 52 week high of $76.51.

Etsy (NYSE:ETSY - Get Free Report) last posted its earnings results 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 net margin of 9.94% and a negative return on equity of 28.60%. The firm had revenue of $881.64 million during the quarter. On average, equities analysts predict that Etsy Inc will post 3.74 earnings per share for the current year.

Analyst Ratings Changes

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• Etsy Loses Its Meme Stock Shine – Is It Still a Buy?

ETSY has been the topic of several analyst reports. Jefferies Financial Group lowered their target price on shares of Etsy from $62.00 to $55.00 and set a "hold" rating on the stock in a research report on Thursday, February 12th. Barclays boosted their price target on Etsy from $72.00 to $82.00 and gave the stock an "overweight" rating in a research report on Thursday, April 30th. UBS Group increased their price objective on Etsy from $72.00 to $74.00 and gave the company a "neutral" rating in a report on Thursday, April 30th. Cantor Fitzgerald raised their price objective on Etsy from $51.00 to $59.00 and gave the company a "neutral" rating in a research note on Tuesday, April 21st. Finally, Canaccord Genuity Group boosted their target price on Etsy from $72.00 to $80.00 and gave the stock a "buy" rating in a report on Thursday, April 30th. 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 given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $70.09.

View Our Latest Stock Analysis on Etsy

Trending Headlines about Etsy

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Here are the key news stories impacting Etsy this week:

• Positive Sentiment: Q1 beat and improving fundamentals: Etsy reported stronger-than-expected Q1 revenue and a return to net income, with active buyers rising — concrete evidence the marketplace is recovering and supporting the recent rerating. Read More.
• Positive Sentiment: Strategic simplification (Depop sale) and buybacks: Management’s plan to divest non-core assets and continue share repurchases is being framed as a return-to-core strategy that could boost margins and valuation. Read More.
• Positive Sentiment: New distribution channel — ChatGPT app launch: Etsy launched a native app inside ChatGPT to let shoppers browse its 100M+ listings via AI chat, which could increase discovery and sales ahead of high-volume shopping windows. Read More.
• Positive Sentiment: Analyst sentiment shifting constructive: Upgrades and higher fair-value targets from some analysts reflect growing confidence in the turnaround and margin trajectory. Read More.
• Neutral Sentiment: Seller tools & AI adoption: Etsy is expanding AI tools for sellers to improve listings and efficiency — supports long-term supply-side health but impact on near-term GMV is uncertain. Read More.
• Neutral Sentiment: Positive consumer/brand stories (visibility): Lifestyle pieces and SEO/marketing guides increase consumer and seller engagement but are incremental. Read More.
• Negative Sentiment: Insider selling: Several insiders have sold material positions recently (including CEO Josh Silverman under a 10b5-1 plan, the CFO and another executive). While filings show planned/required sales, the size and timing can spook some investors. Read More. Read More. Read More.
• Negative Sentiment: Policy controversy — fur ban and Indigenous sellers: Reports that Etsy’s fur ban may disproportionately affect Alaska Native artists raise reputational and regulatory risks that could attract scrutiny or seller pushback. Read More.

Institutional Investors Weigh In On Etsy

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Integrated Wealth Concepts LLC boosted its stake in Etsy by 19.1% during the 1st quarter. Integrated Wealth Concepts LLC now owns 5,986 shares of the company's stock valued at $282,000 after purchasing an additional 961 shares during the period. Empowered Funds LLC increased its position in Etsy by 55.5% in the 1st quarter. Empowered Funds LLC now owns 9,673 shares of the company's stock worth $456,000 after buying an additional 3,451 shares during the period. Woodline Partners LP acquired a new position in shares of Etsy during the first quarter worth approximately $2,181,000. Northwestern Mutual Wealth Management Co. boosted its position in shares of Etsy by 33.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,594 shares of the company's stock valued at $180,000 after acquiring an additional 906 shares during the period. Finally, M&T Bank Corp bought a new stake in shares of Etsy in the second quarter valued at approximately $232,000. 99.53% of the stock is owned by institutional investors and hedge funds.

About Etsy

(Get Free Report)

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.

Further Reading

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