Wedbush Initiates Coverage on Etsy (NYSE:ETSY)

Equities researchers at Wedbush started coverage on shares of Etsy (NYSE:ETSY) in a research report issued on Thursday, MarketBeat reports. The brokerage set a “neutral” rating and a $80.00 price target on the stock. Wedbush’s price target would suggest a potential downside of 4.86% from the stock’s previous close.

A number of other research analysts have also weighed in on the company. Susquehanna lowered Etsy to a “neutral” rating in a report on Thursday, May 21st. The Goldman Sachs Group upgraded shares of Etsy from a “sell” rating to a “neutral” rating in a research report on Thursday, May 21st. Barclays boosted their price objective on shares of Etsy from $72.00 to $82.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Roth Capital initiated coverage on shares of Etsy in a research note on Thursday, May 21st. They issued a “buy” rating on the stock. Finally, BTIG Research downgraded shares of Etsy from a “buy” rating to a “neutral” rating in a report on Thursday. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, twenty have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $73.64.

Etsy Stock Performance

NYSE:ETSY opened at $84.08 on Thursday. The business’s fifty day moving average is $70.73 and its 200 day moving average is $61.20. The firm has a market cap of $7.98 billion, a price-to-earnings ratio of 35.04, a PEG ratio of 3.47 and a beta of 1.83. Etsy has a 52-week low of $44.00 and a 52-week high of $87.14.

Insider Buying and Selling

In other news, insider Josh Silverman sold 134,730 shares of the stock in a transaction on Monday, June 1st. The shares were sold at an average price of $68.89, for a total value of $9,281,549.70. Following the transaction, the insider owned 130,694 shares of the company’s stock, valued at $9,003,509.66. This represents a 50.76% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 759,312 shares of company stock valued at $53,799,597. 2.50% of the stock is owned by insiders.

Institutional Investors Weigh In On Etsy

A number of large investors have recently added to or reduced their stakes in ETSY. Massachusetts Financial Services Co. MA increased its holdings in shares of Etsy by 33.7% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 187,028 shares of the company’s stock worth $10,369,000 after buying an additional 47,105 shares during the period. Crossmark Global Holdings Inc. boosted its holdings in Etsy by 338.4% during the 4th quarter. Crossmark Global Holdings Inc. now owns 103,497 shares of the company’s stock valued at $5,738,000 after acquiring an additional 79,888 shares during the period. SG Americas Securities LLC boosted its holdings in Etsy by 717.7% during the 1st quarter. SG Americas Securities LLC now owns 1,497,174 shares of the company’s stock valued at $74,829,000 after acquiring an additional 1,314,071 shares during the period. Hussman Strategic Advisors Inc. grew its position in Etsy by 100.0% during the 4th quarter. Hussman Strategic Advisors Inc. now owns 84,000 shares of the company’s stock worth $4,657,000 after acquiring an additional 42,000 shares during the last quarter. Finally, Van ECK Associates Corp grew its position in Etsy by 1.1% during the 4th quarter. Van ECK Associates Corp now owns 3,734,156 shares of the company’s stock worth $207,022,000 after acquiring an additional 39,067 shares during the last quarter. Hedge funds and other institutional investors own 99.53% of the company’s stock.

Etsy News Roundup

Here are the key news stories impacting Etsy this week:

• Positive Sentiment: JPMorgan raised Etsy’s price target to $85, and the stock hit a new 1-year high after recent analyst support, reinforcing bullish sentiment around the name. Etsy (NYSE:ETSY) Price Target Raised to $85.00 at JPMorgan Chase & Co.
• Positive Sentiment: Etsy said it will report second-quarter 2026 results after the market close on August 5, which can keep investor attention focused on a potential earnings catalyst. Etsy to Announce Second Quarter 2026 Financial Results on August 5, 2026
• Neutral Sentiment: Wedbush initiated coverage with a neutral rating and an $80 target, suggesting the shares may be fairly valued after the recent rally. Wedbush coverage on Etsy
• Neutral Sentiment: BTIG also cut Etsy to Neutral from Buy, saying the stock’s strong run has pushed valuation toward full, which may limit additional upside in the short term. BTIG lowers Etsy to Neutral, says risk-reward in balance after strong rally
• Negative Sentiment: Executive Chair Josh Silverman sold 39,161 shares worth about $3.1 million, a disclosure that can create cautious sentiment even if it was preplanned. Etsy Executive Chair Josh Silverman Sells 39,161 Shares for $3.1 Million

Etsy Company Profile

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.