Etsy (NASDAQ:ETSY – Free Report) had its price objective reduced by Deutsche Bank Aktiengesellschaft from $63.00 to $54.00 in a research report released on Tuesday,MarketScreener reports. Deutsche Bank Aktiengesellschaft currently has a hold rating on the specialty retailer’s stock.
ETSY has been the subject of several other reports. Piper Sandler restated a “neutral” rating on shares of Etsy in a report on Wednesday, October 29th. Evercore lowered Etsy from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 30th. Jefferies Financial Group dropped their target price on shares of Etsy from $62.00 to $55.00 and set a “hold” rating on the stock in a report on Thursday, February 12th. Wells Fargo & Company reduced their price target on shares of Etsy from $52.00 to $47.00 and set an “underweight” rating for the company in a report on Friday, February 20th. Finally, Citigroup restated a “buy” rating on shares of Etsy in a report on Tuesday, December 30th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, eighteen have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, Etsy has an average rating of “Hold” and an average target price of $60.40.
Read Our Latest Stock Report on ETSY
Etsy Stock Performance
Etsy announced that its Board of Directors has approved a stock repurchase program on Thursday, December 18th that allows the company to buyback $750.00 million in outstanding shares. This buyback authorization allows the specialty retailer to repurchase up to 14.2% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.
Insider Activity
In other Etsy news, insider Josh Silverman sold 86,666 shares of the firm’s stock in a transaction that occurred on Friday, January 2nd. The stock was 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 $5,209,381.06. This trade represents a 48.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Merilee Buckley sold 5,636 shares of the company’s stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $58.45, for a total value of $329,424.20. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 135,934 shares of company stock valued at $7,661,068 in the last 90 days. 2.80% of the stock is owned by corporate insiders.
Hedge Funds Weigh In On Etsy
A number of institutional investors have recently added to or reduced their stakes in ETSY. Holocene Advisors LP lifted its stake in Etsy by 697.4% in the second quarter. Holocene Advisors LP now owns 5,343,797 shares of the specialty retailer’s stock valued at $268,045,000 after acquiring an additional 4,673,615 shares during the last quarter. AQR Capital Management LLC raised its holdings in shares of Etsy by 40.1% in the 4th quarter. AQR Capital Management LLC now owns 4,111,639 shares of the specialty retailer’s stock valued at $227,785,000 after purchasing an additional 1,177,301 shares during the period. Lone Pine Capital LLC bought a new stake in shares of Etsy in the 3rd quarter valued at about $257,614,000. Van ECK Associates Corp lifted its stake in Etsy by 1.1% in the 4th quarter. Van ECK Associates Corp now owns 3,734,156 shares of the specialty retailer’s stock valued at $207,022,000 after purchasing an additional 39,067 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its holdings in Etsy by 62.3% during the second quarter. Arrowstreet Capital Limited Partnership now owns 3,692,134 shares of the specialty retailer’s stock worth $185,197,000 after purchasing an additional 1,416,772 shares during the period. 99.53% of the stock is currently owned by institutional investors and hedge funds.
Etsy News Summary
Here are the key news stories impacting Etsy this week:
- Positive Sentiment: Truist raised its price target to $83 and kept a Buy rating, citing the company’s Q4 results and Q1 guidance as supportive of growth expectations. Truist Raises Target
- Positive Sentiment: Analysts and commentaries suggest “green shoots” are materializing (improving metrics or stabilization after a weaker patch), which helps explain recent share rebound and renewed investor attention. Green Shoots Article
- Positive Sentiment: Valuation-focused coverage highlights a recent short-term share rebound (double-digit weekly gain) that has put ETSY back on investor radars — this can attract momentum buyers. Valuation Assessment
- Neutral Sentiment: Etsy’s sale of Depop to eBay is a strategic move that reduces Etsy’s exposure to the secondhand-fashion unit; the deal clarifies focus but raises questions about prior investment returns and future growth composition. Depop Sale Coverage
- Neutral Sentiment: Macro risk: renewed tariff uncertainty (new 15% duty) adds a potential headwind for consumer‑facing, import/exports‑sensitive retail platforms like Etsy. Tariff News
- Negative Sentiment: Multiple brokerages cut price targets (Deutsche Bank to $54, JPMorgan to $58, B. Riley to $70, Wells Fargo to $47, Cantor Fitzgerald to $51, Stifel to $55, Needham to $65), and the consensus brokerage view sits at an average “Hold” — weighing on longer‑term upside. Deutsche Bank PT Cut Brokerage Note
- Negative Sentiment: Market reaction to Q4: coverage notes momentum faded after mixed Q4 results — that disappointment helps explain why some analysts trimmed forecasts and why selling pressure emerged despite the Depop transaction. Momentum Drops
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.
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