Key Points
- Etsy insider Richard Edward Colburn III sold 8,252 shares for approximately $677,407 under a pre-arranged Rule 10b5-1 plan, reducing his direct ownership by 55.93% to 6,503 shares.
- Etsy shares opened at $79.56, near the analyst consensus price target of $81.50. Analysts maintain a consensus “Hold” rating, although several recently raised their targets, including Needham’s increase to $100.
- Recent business updates were positive, with second-quarter revenue rising 6.2% year over year to $668.3 million and mobile-app gross merchandise sales increasing 12.5%; Etsy also authorized $2 billion in buybacks and plans to cut about 12% of its workforce.
Etsy Inc (NYSE:ETSY - Get Free Report) insider Richard Edward Colburn III sold 8,252 shares of the stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $82.09, for a total transaction of $677,406.68. Following the completion of the sale, the insider directly owned 6,503 shares in the company, valued at $533,831.27. This trade represents a 55.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Etsy Price Performance
Shares of NYSE:ETSY opened at $79.56 on Thursday. Etsy Inc has a 1 year low of $44.00 and a 1 year high of $87.97. The business has a 50 day simple moving average of $78.12 and a two-hundred day simple moving average of $64.12. The firm has a market capitalization of $7.55 billion, a PE ratio of 44.45, a price-to-earnings-growth ratio of 5.87 and a beta of 1.84.
Wall Street Analyst Weigh In
ETSY has been the subject of a number of recent analyst reports. Needham & Company LLC boosted their price objective on Etsy from $85.00 to $100.00 and gave the company a "buy" rating in a report on Friday, August 7th. Raymond James Financial increased their target price on Etsy from $75.00 to $92.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 21st. Evercore set a $83.00 target price on Etsy in a research report on Thursday, August 6th. Citigroup boosted their target price on shares of Etsy from $60.00 to $92.00 and gave the company a "neutral" rating in a research note on Friday, August 7th. Finally, Weiss Ratings lowered shares of Etsy from a "hold (c)" rating to a "hold (c-)" rating in a research note on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, twenty have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $81.50.
Read Our Latest Stock Analysis on Etsy
Trending Headlines about Etsy
Here are the key news stories impacting Etsy this week:
- Positive Sentiment: Improving buyer engagement: Mobile-app gross merchandise sales surged 12.5% in the second quarter, signaling that Etsy’s personalization and product improvements are encouraging more activity from buyers. Etsy Q2 2026 Earnings Call Transcript
- Positive Sentiment: Quarterly results exceeded expectations: Etsy reported second-quarter revenue of $668.3 million, up 6.2% year over year, while non-GAAP earnings of $1.31 per share were 11.6% above analysts’ consensus. The results suggest marketplace fundamentals are strengthening. ETSY Q2 Deep Dive: Marketplace Fundamentals Strengthen Amid Product Investment and Restructuring
- Positive Sentiment: Capital-return and cost actions: Etsy announced a new $2 billion share-repurchase authorization and is cutting approximately 12% of its workforce. The measures could support per-share earnings and improve efficiency, although they also reflect management’s effort to reshape the business. E-commerce Giant Etsy Cuts 12% Workforce Despite Improving Sales
- Positive Sentiment: Depop divestiture: The planned sale of Depop to eBay should allow Etsy to focus capital and management attention on its core marketplace, though it removes a potential source of future growth. Etsy On Earnings, Depop Sale and Buyback Looks Fully Valued
Institutional Trading of Etsy
Hedge funds have recently added to or reduced their stakes in the business. EFG International AG bought a new stake in shares of Etsy in the 4th quarter valued at about $33,000. Global Retirement Partners LLC purchased a new stake in shares of Etsy in the 2nd quarter worth approximately $34,000. Blue Trust Inc. boosted its stake in shares of Etsy by 19.3% during the first quarter. Blue Trust Inc. now owns 1,238 shares of the company's stock valued at $62,000 after purchasing an additional 200 shares in the last quarter. Danske Bank A S bought a new position in shares of Etsy during the third quarter valued at approximately $66,000. Finally, Federation des caisses Desjardins du Quebec boosted its stake in shares of Etsy by 22.8% during the fourth quarter. Federation des caisses Desjardins du Quebec now owns 1,210 shares of the company's stock valued at $67,000 after purchasing an additional 225 shares in the last quarter. 99.53% of the stock is owned by hedge funds and other institutional investors.
Etsy Company Profile
(
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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