Etsy (ETSY)

• Market cap: $5.99B
• 1 day: -0.27%
• 5 days: -8.17%
• 1 month: -1.52%
• 3 months: -1.40%
• 6 months: -6.19%
• Year to date: -3.48%
• 1 year: -33.54%
• 5 years: -4.54%
• 10 years: 70.87%
• Sector: Industrials
• Industry: Business Services

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 filings 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]

24% more first-time investments, than exits

New positions opened: 113 | Existing positions closed: 91

8.84% more ownership

Funds ownership: 101.4% [Q3] → 110.24% (+8.84%) [Q4]

0% more funds holding

Funds holding: 508 [Q3] → 509 (+1) [Q4]

0% less capital invested

Capital invested by funds: $6.56B [Q3] → $6.56B (-$2.73M) [Q4]

24% less repeat investments, than reductions

Existing positions increased: 136 | Existing positions reduced: 178

Research analyst outlook

12 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $40 22% downside
• Avg. target: $54 6% upside
• High target: $76 48% upside

12 analyst ratings

• positive: 3 25%
• neutral: 6 50%
• negative: 3 25%

Citigroup Nicholas Jones 75% 1-year accuracy 60 / 80 met price target	3% upside $53	Neutral Maintained	20 Feb 2025
Loop Capital Laura Champine 59% 1-year accuracy 16 / 27 met price target	22% downside $40	Sell Maintained	20 Feb 2025
Stifel Mark Kelley 67% 1-year accuracy 16 / 24 met price target	1% downside $51	Hold Maintained	20 Feb 2025
Morgan Stanley Lauren Schenk 91% 1-year accuracy 20 / 22 met price target	14% downside $44	Underweight Maintained	20 Feb 2025
Canaccord Genuity Maria Ripps 79% 1-year accuracy 26 / 33 met price target	48% upside $76	Buy Maintained	20 Feb 2025