Etsy (NYSE:ETSY) Cut to “Hold” at Zacks Research

Zacks Research lowered shares of Etsy (NYSE:ETSY) from a strong-buy rating to a hold rating in a research report sent to investors on Monday,Zacks.com reports.

Other equities research analysts have also issued research reports about the company. Citigroup reissued a “buy” rating on shares of Etsy in a research note on Tuesday, December 30th. Stifel Nicolaus lowered their target price on Etsy from $62.00 to $55.00 and set a “hold” rating for the company in a research note on Friday, February 20th. Barclays raised Etsy from an “equal weight” rating to an “overweight” rating and set a $72.00 target price for the company in a research note on Thursday, February 19th. Wells Fargo & Company lowered their target price on Etsy from $52.00 to $47.00 and set an “underweight” rating for the company in a research note on Friday, February 20th. Finally, Morgan Stanley lowered their price target on Etsy from $65.00 to $60.00 and set an “equal weight” rating for the company in a research report on Friday, February 20th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eighteen have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $62.00.

Etsy Stock Performance

NYSE ETSY opened at $66.04 on Monday. Etsy has a 1-year low of $41.51 and a 1-year high of $76.51. The firm has a 50-day moving average of $53.21. The company has a market cap of $6.27 billion, a price-to-earnings ratio of 50.41, a PEG ratio of 4.95 and a beta of 1.77.

Etsy (NYSE:ETSY) last released its earnings results on Thursday, February 19th. The company reported $0.92 earnings per share for the quarter, beating analysts’ consensus estimates of $0.88 by $0.04. Etsy had a negative return on equity of 24.94% and a net margin of 5.65%.The company had revenue of $881.64 million during the quarter. On average, sell-side analysts anticipate that Etsy will post 3.12 earnings per share for the current year.

Insider Buying and Selling at Etsy

In other Etsy news, Director Charles Andrew Ballard sold 1,790 shares of the company’s stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $55.74, for a total transaction of $99,774.60. Following the completion of the transaction, the director owned 4,006 shares of the company’s stock, valued at $223,294.44. This represents a 30.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Merilee Buckley sold 1,993 shares of the company’s stock in a transaction that occurred on Monday, April 6th. The shares were sold at an average price of $52.92, for a total value of $105,469.56. Following the transaction, the chief accounting officer directly owned 809 shares of the company’s stock, valued at $42,812.28. The trade was a 71.13% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 98,636 shares of company stock valued at $5,703,703 in the last 90 days. Insiders own 2.80% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in ETSY. EFG International AG purchased a new position in shares of Etsy during the 4th quarter worth approximately $33,000. SJS Investment Consulting Inc. grew its holdings in shares of Etsy by 12,600.0% during the 3rd quarter. SJS Investment Consulting Inc. now owns 762 shares of the company’s stock worth $51,000 after acquiring an additional 756 shares during the period. Abich Financial Wealth Management LLC purchased a new position in shares of Etsy during the 3rd quarter worth approximately $51,000. Salomon & Ludwin LLC purchased a new position in shares of Etsy during the 3rd quarter worth approximately $55,000. Finally, Blue Trust Inc. grew its holdings in shares of Etsy by 19.3% during the 1st quarter. Blue Trust Inc. now owns 1,238 shares of the company’s stock worth $62,000 after acquiring an additional 200 shares during the period. Hedge funds and other institutional investors own 99.53% of the company’s stock.

Key Stories Impacting Etsy

Here are the key news stories impacting Etsy this week:

• Positive Sentiment: Management said consolidated GMS was $2.9B and marketplace GMS declined only ~3.2% year‑over‑year (a 210bp improvement from Q1) while Etsy’s marketplace held a record ~92M active buyers — signaling demand resilience and sequential recovery that supports the stock. Etsy (ETSY) Q2 2024 Earnings Call Transcript
• Neutral Sentiment: Cantor Fitzgerald raised its price target from $51 to $59 but kept a “neutral” rating — that uptick in valuation helps sentiment but the rating implies limited conviction. Cantor Fitzgerald raises PT to $59
• Neutral Sentiment: New transcripts of recent earnings calls are available (Q2 2025/Q2 2024), which provide color on trends but contain no fresh surprise data; they help investors dig into driver-level commentary ahead of the next report. Etsy (ETSY) Q2 2025 Earnings Call Transcript
• Negative Sentiment: Zacks downgraded Etsy from “strong‑buy” to “hold” and published a preview saying Etsy lacks the right mix for an earnings beat next week — analyst skepticism ahead of results can pressure the stock. Etsy (ETSY) Reports Next Week: Wall Street Expects Earnings Growth
• Negative Sentiment: CEO Josh Silverman executed multiple, material insider sales (several transactions in April under a 10b5‑1 plan) totaling tens of thousands of shares — while pre‑arranged plans reduce governance concerns, such concentrated insider selling can weigh on investor sentiment. Insider Selling: Etsy Insider Sells Shares

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.