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
14 Wall Street Analysts provided 1 year price targets over the past 3 months
14 analyst ratings
Barclays Trevor Young 60% 1-year accuracy 15 / 25 met price target | 22%upside $53 | Equal-Weight Maintained | 30 Apr 2025 |
Needham Bernie McTernan 50% 1-year accuracy 70 / 139 met price target | 38%upside $60 | Buy Reiterated | 30 Apr 2025 |
Canaccord Genuity Maria Ripps 43% 1-year accuracy 13 / 30 met price target | 66%upside $72 | Buy Maintained | 28 Apr 2025 |
Citigroup Nicholas Jones 54% 1-year accuracy 45 / 84 met price target | 10%upside $48 | Neutral Maintained | 25 Apr 2025 |
Stifel Mark Kelley 45% 1-year accuracy 14 / 31 met price target | 4%upside $45 | Hold Maintained | 23 Apr 2025 |
Financial journalist opinion
Based on 21 articles about ETSY published over the past 30 days
