Deutsche Bank Aktiengesellschaft Issues Pessimistic Forecast for Etsy (NASDAQ:ETSY) Stock Price

Etsy (NASDAQ:ETSY) had its price target reduced by investment analysts at Deutsche Bank Aktiengesellschaft from $63.00 to $54.00 in a research note issued to investors on Tuesday,MarketScreener reports. The firm currently has a “hold” rating on the specialty retailer’s stock. Deutsche Bank Aktiengesellschaft’s price target points to a potential upside of 1.18% from the stock’s current price.

A number of other research analysts have also recently issued reports on the company. BTIG Research reduced their price objective on Etsy from $74.00 to $65.00 and set a “buy” rating on the stock in a research note on Thursday. Moffett Nathanson reissued a “neutral” rating on shares of Etsy in a research report on Wednesday, October 29th. BNP Paribas Exane assumed coverage on shares of Etsy in a report on Monday, November 24th. They set a “neutral” rating for the company. The Goldman Sachs Group lifted their price target on shares of Etsy from $48.00 to $57.00 and gave the company a “sell” rating in a research report on Thursday, October 30th. Finally, Citigroup reissued a “buy” rating on shares of Etsy in a report on Tuesday, December 30th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, eighteen have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, Etsy currently has a consensus rating of “Hold” and a consensus target price of $60.40.

Etsy Stock Performance

Shares of ETSY opened at $53.37 on Tuesday. Etsy has a 52 week low of $40.05 and a 52 week high of $76.51. The stock has a 50 day moving average price of $55.61 and a two-hundred day moving average price of $59.44. The firm has a market capitalization of $5.14 billion, a P/E ratio of 43.65, a P/E/G ratio of 10.65 and a beta of 1.77.

Etsy announced that its Board of Directors has authorized a share repurchase plan on Thursday, December 18th that authorizes the company to repurchase $750.00 million in outstanding shares. This repurchase authorization authorizes the specialty retailer to repurchase up to 14.2% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

Insiders Place Their Bets

In related news, insider Josh Silverman sold 86,666 shares of the company’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 transaction of $4,979,828.36. Following the completion of the transaction, the insider owned 90,661 shares in the company, valued at $5,209,381.06. This represents a 48.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Merilee Buckley sold 5,636 shares of the firm’s stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $58.45, for a total transaction of $329,424.20. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 135,934 shares of company stock worth $7,661,068 in the last three months. Insiders own 2.80% of the company’s stock.

Institutional Trading of Etsy

Several institutional investors have recently made changes to their positions in ETSY. Holocene Advisors LP boosted its stake in Etsy by 697.4% during the second quarter. Holocene Advisors LP now owns 5,343,797 shares of the specialty retailer’s stock worth $268,045,000 after buying an additional 4,673,615 shares during the period. Lone Pine Capital LLC purchased a new position in shares of Etsy during the 3rd quarter worth about $257,614,000. Arrowstreet Capital Limited Partnership grew its holdings in Etsy by 62.3% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 3,692,134 shares of the specialty retailer’s stock valued at $185,197,000 after purchasing an additional 1,416,772 shares during the last quarter. Norges Bank bought a new stake in Etsy in the second quarter worth about $65,207,000. Finally, AQR Capital Management LLC raised its holdings in shares of Etsy by 40.1% in the fourth quarter. AQR Capital Management LLC now owns 4,111,639 shares of the specialty retailer’s stock worth $227,785,000 after buying an additional 1,177,301 shares during the period. Hedge funds and other institutional investors own 99.53% of the company’s stock.

More Etsy News

Here are the key news stories impacting Etsy this week:

• Positive Sentiment: Truist raised its target on Etsy to $83 and kept a Buy rating after Etsy’s Q4 results and Q1 guidance, signaling confidence in near-term recovery and providing bullish analyst support. Truist Raises Target Price on Etsy to $83 Price Target Raised to $83
• Positive Sentiment: A bullish analysis argues “green shoots” are materializing at Etsy — suggesting early signs of revenue/merchant improvement that could support re-acceleration if sustained. Etsy: Green Shoots Are Materializing
• Neutral Sentiment: Consensus brokerage coverage remains mixed overall — the firmwide average rating is a “Hold,” indicating analysts are divided and limiting a strong directional catalyst until clarity on growth momentum. Etsy Receives Average Rating of Hold
• Negative Sentiment: Multiple firms cut price targets this morning (JPMorgan to $58, B. Riley to $70, Wells Fargo to $47, Cantor Fitzgerald to $51, Stifel to $55, Needham to $65), putting downward pressure on sentiment and reflecting skepticism about near-term margin and GMV trajectory. JPMorgan Cuts Price Target to $58 B. Riley Cuts to $70 Wells Fargo Cuts to $47 Cantor Fitzgerald Cuts to $51 Stifel Cuts to $55 Needham Cuts to $65
• Negative Sentiment: Macro risk: Reuters reports renewed U.S. tariff measures (new 15% duty) that raise cross-border trade uncertainty — a headwind for Etsy’s marketplace of international sellers and buyers. Trump’s New Tariffs Spell More Uncertainty

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.