Etsy (NYSE:ETSY) Stock Rating Lowered by Arete Research

Etsy (NYSE:ETSY) was downgraded by research analysts at Arete Research from a “buy” rating to a “hold” rating in a report issued on Thursday, Marketbeat reports. They presently have a $81.00 price target on the stock. Arete Research’s price objective suggests a potential upside of 15.47% from the stock’s previous close.

Several other equities research analysts also recently commented on the stock. Evercore set a $83.00 price objective on shares of Etsy in a research note on Thursday, August 6th. Wedbush began coverage on Etsy in a research report on Thursday, July 16th. They issued a “neutral” rating and a $80.00 target price on the stock. Loop Capital set a $105.00 target price on Etsy in a research note on Thursday, August 20th. Weiss Ratings cut Etsy from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, August 6th. Finally, UBS Group boosted their price target on Etsy from $74.00 to $86.00 and gave the company a “neutral” rating in a research note on Friday, August 7th. Three analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, seventeen have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $86.21.

Etsy Price Performance

NYSE ETSY traded up $1.17 during trading on Thursday, hitting $70.15. The company’s stock had a trading volume of 223,208 shares, compared to its average volume of 3,250,441. Etsy has a fifty-two week low of $44.00 and a fifty-two week high of $87.97. The company has a market cap of $6.66 billion, a PE ratio of 39.06, a P/E/G ratio of 1.88 and a beta of 1.81. The business’s 50 day simple moving average is $79.67 and its 200-day simple moving average is $69.48.

Etsy (NYSE:ETSY) last announced its quarterly earnings data on Wednesday, August 5th. The company reported ($0.49) EPS for the quarter, missing the consensus estimate of $0.75 by ($1.24). Etsy had a net margin of 7.32% and a negative return on equity of 34.18%. The company had revenue of $668.31 million during the quarter, compared to analysts’ expectations of $646.10 million. During the same period in the previous year, the business earned $0.25 earnings per share. The business’s revenue for the quarter was down .7% compared to the same quarter last year. Analysts expect that Etsy will post 3.94 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Charles Ballard sold 4,500 shares of the company’s stock in a transaction that occurred on Wednesday, August 26th. The stock was sold at an average price of $81.85, for a total value of $368,325.00. Following the completion of the sale, the director directly owned 4,239 shares in the company, valued at $346,962.15. This represents a 51.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Merilee Buckley sold 405 shares of the stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $79.50, for a total value of $32,197.50. Following the completion of the sale, the chief accounting officer directly owned 167 shares of the company’s stock, valued at approximately $13,276.50. This represents a 70.80% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 271,149 shares of company stock worth $21,391,497 in the last 90 days. Corporate insiders own 2.50% of the company’s stock.

Institutional Trading of Etsy

Several large investors have recently added to or reduced their stakes in ETSY. Global Retirement Partners LLC acquired a new position in shares of Etsy during the 2nd quarter valued at about $34,000. EFG International AG acquired a new stake in Etsy during the second quarter worth about $45,000. Blue Trust Inc. raised its stake in Etsy by 19.3% during the first quarter. Blue Trust Inc. now owns 1,238 shares of the company’s stock worth $62,000 after purchasing an additional 200 shares during the period. Eurizon Capital SGR S.p.A. acquired a new position in Etsy in the 4th quarter valued at about $79,000. Finally, CoreCap Advisors LLC boosted its holdings in Etsy by 2,379.1% in the 2nd quarter. CoreCap Advisors LLC now owns 1,066 shares of the company’s stock valued at $80,000 after purchasing an additional 1,023 shares during the last quarter. 99.53% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting Etsy

Here are the key news stories impacting Etsy this week:

• Positive Sentiment: Arete Research lowered its rating to Neutral/Hold from Buy/Strong Buy but maintained an $81 price target, implying meaningful upside from recent levels. The target suggests the analyst sees valuation support despite reduced confidence in Etsy’s near-term outlook. Arete Downgrades Etsy to Neutral From Buy, Adjusts Price Target to $81 From $85
• Neutral Sentiment: The stock’s recent performance reflects elevated volatility and investor concern: Etsy trades near its 200-day moving average but below its 50-day average. Its valuation remains relatively demanding, with a reported price-to-earnings ratio near 39, increasing sensitivity to weaker growth expectations.
• Negative Sentiment: Shares fell sharply as investors priced in the possibility that Meta’s Muse AI agent could disintermediate shopping platforms by searching and purchasing across marketplaces on a user’s behalf. The concern extends beyond Etsy and has weighed broadly on online-marketplace and other “direct gateway” businesses. Why Etsy Stock Is Trading Lower Today
• Negative Sentiment: Reports that AI-generated products are pushing some Etsy sellers off the platform add to concerns about marketplace quality, seller retention and Etsy’s ability to differentiate authentic handmade or personalized goods. Increased AI-generated competition could also pressure buyer engagement and take rates. AI-generated products push Etsy sellers off platform

Etsy Company Profile

Etsy, Inc operates a global online marketplace that connects buyers with independent sellers offering handmade, personalized and vintage goods, as well as craft supplies. Its marketplace includes products such as jewelry, clothing, home décor, art, gifts and party supplies.

The company provides tools and services that support commerce on its platform, including seller storefronts, search and discovery features, payment processing, advertising, shipping solutions and customer support. Etsy primarily serves individual entrepreneurs and small businesses seeking to reach consumers interested in distinctive and creatively designed products.

Founded in 2005 and headquartered in Brooklyn, New York, Etsy serves buyers and sellers in numerous countries.