Piper Sandler Increases Etsy (NYSE:ETSY) Price Target to $80.00

Etsy (NYSE:ETSY) had its price objective hoisted by equities researchers at Piper Sandler from $70.00 to $80.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Piper Sandler’s price objective suggests a potential downside of 5.05% from the company’s current price.

Several other research firms have also issued reports on ETSY. Wells Fargo & Company lifted their price target on Etsy from $61.00 to $76.00 and gave the stock an “underweight” rating in a research report on Friday. Sanford C. Bernstein upped their target price on shares of Etsy from $60.00 to $65.00 and gave the stock a “market perform” rating in a research note on Thursday, April 30th. Canaccord Genuity Group set a $92.00 price objective on shares of Etsy in a report on Thursday. Morgan Stanley set a $73.00 target price on Etsy in a research note on Friday. Finally, Needham & Company LLC boosted their target price on Etsy from $85.00 to $100.00 and gave the stock a “buy” rating in a research report on Friday. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, twenty have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Etsy has a consensus rating of “Hold” and an average target price of $80.00.

Etsy Stock Up 2.4%

Shares of ETSY traded up $2.00 during mid-day trading on Friday, hitting $84.25. 2,495,167 shares of the company’s stock traded hands, compared to its average volume of 3,259,541. Etsy has a 1 year low of $44.00 and a 1 year high of $87.97. The firm has a market capitalization of $8.00 billion, a P/E ratio of 47.07, a PEG ratio of 3.36 and a beta of 1.84. The business’s 50-day moving average price is $77.10 and its 200-day moving average price is $63.55.

Insider Activity at Etsy

In other news, insider Josh Silverman sold 6,294 shares of the firm’s stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $84.00, for a total transaction of $528,696.00. Following the completion of the transaction, the insider owned 249,559 shares in the company, valued at $20,962,956. This trade represents a 2.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Merilee Buckley sold 881 shares of the business’s stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $75.35, for a total value of $66,383.35. Following the completion of the sale, the chief accounting officer owned 405 shares in the company, valued at $30,516.75. This represents a 68.51% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 596,310 shares of company stock worth $44,425,234. 2.50% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Etsy

Several large investors have recently bought and sold shares of ETSY. Integrated Wealth Concepts LLC increased its holdings in shares of Etsy by 19.1% in the 1st quarter. Integrated Wealth Concepts LLC now owns 5,986 shares of the company’s stock worth $282,000 after buying an additional 961 shares during the last quarter. Empowered Funds LLC grew its position in Etsy by 55.5% in the first quarter. Empowered Funds LLC now owns 9,673 shares of the company’s stock worth $456,000 after acquiring an additional 3,451 shares in the last quarter. Woodline Partners LP bought a new stake in Etsy during the first quarter worth approximately $2,181,000. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Etsy by 33.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,594 shares of the company’s stock worth $180,000 after purchasing an additional 906 shares during the period. Finally, M&T Bank Corp bought a new position in shares of Etsy during the 2nd quarter valued at approximately $232,000. Institutional investors own 99.53% of the company’s stock.

Key Headlines Impacting Etsy

Here are the key news stories impacting Etsy this week:

• Positive Sentiment: Q2 results beat expectations: Etsy reported approximately $668.3 million in revenue, above the $646.1 million consensus estimate, while adjusted earnings reached $1.34 per share versus expectations of $1.17. GMS, Etsy Ads and operating leverage supported the results. Etsy Q2 earnings beat
• Positive Sentiment: Growth outlook improved: Standalone Etsy GMS growth accelerated to 7.5% year over year, helped by higher average order values, increased active buyers and better search and personalization. Management raised its 2026 growth outlook. Etsy Q2 earnings call and outlook
• Positive Sentiment: Analyst sentiment improved: JPMorgan upgraded Etsy from Neutral to Overweight and raised its price target to $100 from $85. Needham also raised its target to $100 and assigned a Buy rating, reinforcing the potential for a turnaround. JPMorgan Etsy upgrade
• Positive Sentiment: Large buyback authorized: Etsy approved an additional $2 billion share-repurchase program. The authorization could support earnings per share and signal confidence in future cash generation. Etsy buyback announcement
• Neutral Sentiment: Restructuring creates both opportunity and risk: Etsy will eliminate about 220 positions, or 12% of its workforce, to simplify operations and accelerate product execution. The plan may improve efficiency, but it also highlights continuing execution challenges. Etsy restructuring plan
• Negative Sentiment: Insider sales may weigh on sentiment: Executive Chair Josh Silverman and CFO Charles Baker sold shares worth roughly $529,000 and $134,000, respectively. Both transactions were conducted under pre-arranged Rule 10b5-1 plans, limiting their significance, but the sales add an overhang after Etsy’s strong rally. Etsy insider sales

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.