<div id="readability-page-1"><p><span>Etsy (NASDAQ:ETSY - Get Free Report)</span> had its price target decreased by analysts at Jefferies Financial Group  from $62.00 to $55.00 in a research note issued on Thursday,Benzinga reports. The firm presently has a &#34;hold&#34; rating on the specialty retailer's stock. Jefferies Financial Group's price target points to a potential upside of 19.27% from the stock's current price.</p><ul><li>These 3 Consumer Stocks Just Authorized Big-Time Buyback Programs</li></ul><p>Other equities analysts have also recently issued research reports about the stock. The Goldman Sachs Group raised their price target on shares of Etsy from $48.00 to $57.00 and gave the company a &#34;sell&#34; rating in a research report on Thursday, October 30th. Wells Fargo &amp; Company decreased their target price on Etsy from $58.00 to $52.00 and set an &#34;underweight&#34; rating for the company in a report on Thursday, October 30th. Moffett Nathanson  reaffirmed a &#34;neutral&#34; rating on shares of Etsy in a research report on Wednesday, October 29th. Truist Financial upped their target price on shares of Etsy from $75.00 to $80.00 and gave the stock a &#34;buy&#34; rating in a research note on Wednesday, October 29th. Finally, BTIG Research decreased their price target on shares of Etsy from $81.00 to $74.00 and set a &#34;buy&#34; rating for the company in a research note on Tuesday, December 30th. One investment analyst  has rated the stock with a Strong Buy rating, eight have issued  a Buy rating, eighteen have issued  a Hold rating and three have issued  a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of &#34;Hold&#34; and a consensus target price of $63.52.</p><p><b>Read Our Latest Report on ETSY</b></p><h2>Etsy Stock Performance</h2><ul><li>3 Heavily Shorted Stocks That Could Pop on Rate Cuts</li></ul><p>Shares of ETSY traded down $1.35 during mid-day trading on Thursday, hitting $46.11. 5,324,678 shares of the company's stock were exchanged, compared to its average volume of 3,536,947. The stock's 50-day moving average is $56.63 and its 200-day moving average is $60.10. Etsy has a fifty-two week low of $40.05 and a fifty-two week high of $76.51. The company has a market cap of $4.55 billion, a price-to-earnings ratio of 37.19, a P/E/G ratio of 10.65 and a beta of 1.77. </p><p>Etsy announced that its Board of Directors has initiated a share repurchase plan on Thursday, December 18th that permits the company to repurchase $750.00 million in    shares. This repurchase authorization permits the specialty retailer to repurchase up to 14.2% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's leadership believes its shares are undervalued. </p><h2>Insider Activity at Etsy</h2><ul><li>These 5 Beaten-Down Tech Stocks Could Catch Fire Next</li></ul><p>In other news, CAO Merilee Buckley sold 5,636 shares of the company's stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $58.45, for a total value of $329,424.20. The sale was disclosed in a legal filing with the Securities &amp; Exchange Commission, which is available through this hyperlink. Also, insider Josh Silverman sold 86,666 shares of the stock in a transaction dated 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 sale, the insider owned 90,661 shares of the company's stock, valued at $5,209,381.06. This trade represents a 48.87% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 135,934 shares of company stock worth $7,663,369. 2.80% of the stock is currently owned by corporate insiders. </p><h2>Institutional Inflows and Outflows</h2><p>Several large investors have recently added to or reduced their stakes in ETSY. Heritage Wealth Advisors increased its position in  Etsy by 476.5% during the 2nd quarter. Heritage Wealth Advisors now owns 490 shares of the specialty retailer's stock worth $25,000 after purchasing an additional 405 shares during the period.  Elevation Point Wealth Partners LLC purchased a new position in  Etsy in the second quarter worth $35,000.  Salomon &amp; Ludwin LLC acquired a new stake in  Etsy in the third quarter valued at $55,000.  SJS Investment Consulting Inc. boosted its position in shares of  Etsy by 12,600.0% during the 3rd quarter. SJS Investment Consulting Inc. now owns 762 shares of the specialty retailer's stock worth $51,000 after purchasing an additional 756 shares in the last quarter.  Finally, Abich Financial Wealth Management LLC acquired a new position in shares of  Etsy during the 3rd quarter worth $51,000. 99.53% of the stock is owned by hedge funds and other institutional investors. </p><h2>Etsy Company Profile</h2> (Get Free Report)<p>Etsy, Inc <span>NASDAQ: ETSY<span></span></span> 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.  </p><p>Founded in 2005 and headquartered in Brooklyn, New York, Etsy has cultivated a community-driven ethos, encouraging sustainable practices and personal entrepreneurship.</p><h2>See Also</h2><ul><li>Five stocks we like better than Etsy</li><li>USAU: The U.S. Gold-Copper Story Investors Can’t Ignore.</li><li>The DoD just got a new drone supplier</li><li>Most Investors Aren't Looking at This Side of Clean Energy</li><li>My Epstein Story</li><li>When to buy gold (mathematically)</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsAndPriceTargetChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9RVRTWQ?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="330" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsAndPriceTargetChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9RVRTWQ"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Etsy Right Now?</h2><p>Before you consider Etsy, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Etsy wasn't on the list.</p><p>While Etsy currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

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<p>Jefferies Financial Group has lowered its price target for Etsy (NASDAQ:ETSY) from $62.00 to $55.00, maintaining a "hold" rating. Other analysts have also adjusted their ratings, with Goldman Sachs raising its target to $57.00 ("sell") and Wells Fargo lowering it to $52.00 ("underweight"). Etsy's stock is currently trading at $46.11, with a consensus rating of "hold" and a target price of $63.52. The company has initiated a $750 million share repurchase plan, indicating confidence in its stock value.</p>

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Jefferies Financial Group Has Lowered Expectations for Etsy (NASDAQ:ETSY) Stock Price