EtsyETSY
About: Etsy operates a top-10 e-commerce marketplace operator in the us and the UK, with sizable operations in Germany, France, Australia, and Canada. The firm dominates an interesting niche, connecting buyers and sellers through its online market to exchange vintage and craft goods. With $13.2 billion in 2023 consolidated gross merchandise volume, Etsy has cemented itself as one of the largest players in a quickly growing space, generating revenue from listing fees, commissions on sold items, advertising services, payment processing, and shipping labels. As of the end of 2023, the firm connected more than 96 million buyers and 9 million sellers on its marketplace properties: Etsy, Reverb (musical equipment), and Depop (clothing resale).
Employees: 2,420
Fund manager confidence
Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)
69% more call options, than puts
Call options by funds: $847M | Put options by funds: $501M
25% more funds holding in top 10
Funds holding in top 10: 4 [Q3] → 5 (+1) [Q4]
25% more first-time investments, than exits
New positions opened: 116 | Existing positions closed: 93
5.23% more ownership
Funds ownership: 100.75% [Q3] → 105.98% (+5.23%) [Q4]
3% more funds holding
Funds holding: 508 [Q3] → 521 (+13) [Q4]
1% more capital invested
Capital invested by funds: $6.52B [Q3] → $6.56B (+$32.6M) [Q4]
26% less repeat investments, than reductions
Existing positions increased: 136 | Existing positions reduced: 183
Research analyst outlook
13 Wall Street Analysts provided 1 year price targets over the past 3 months
13 analyst ratings
Morgan Stanley Lauren Schenk 82% 1-year accuracy 18 / 22 met price target | 10%downside $40 | Underweight Maintained | 17 Apr 2025 |
UBS Chris Kuntarich 46% 1-year accuracy 6 / 13 met price target | 3%upside $46 | Neutral Maintained | 11 Apr 2025 |
Piper Sandler Anna Andreeva 15% 1-year accuracy 4 / 27 met price target | 10%downside $40 | Neutral Maintained | 11 Apr 2025 |
JP Morgan Bryan Smilek 75% 1-year accuracy 6 / 8 met price target | 6%downside $42 | Neutral Maintained | 8 Apr 2025 |
B of A Securities Curtis Nagle 11% 1-year accuracy 2 / 18 met price target | 12%upside $50 | Neutral Maintained | 8 Apr 2025 |
Financial journalist opinion
Based on 10 articles about ETSY published over the past 30 days
