EtsyETSY
About: Etsy operates a top-10 e-commerce marketplace 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 $12.5 billion in 2024 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. The firm connects about 95 million buyers and 8 million sellers on its marketplace properties: Etsy and Depop (clothing resale).
Employees: 2,400
Fund manager confidence
Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)
85% more call options, than puts
Call options by funds: $678M | Put options by funds: $366M
24% more first-time investments, than exits
New positions opened: 97 | Existing positions closed: 78
10% more capital invested
Capital invested by funds: $5.71B [Q1] → $6.3B (+$590M) [Q2]
7.33% more ownership
Funds ownership: 113.02% [Q1] → 120.34% (+7.33%) [Q2]
1% more funds holding
Funds holding: 496 [Q1] → 503 (+7) [Q2]
0% more funds holding in top 10
Funds holding in top 10: 5 [Q1] → 5 (+0) [Q2]
18% less repeat investments, than reductions
Existing positions increased: 146 | Existing positions reduced: 178
Research analyst outlook
16 Wall Street Analysts provided 1 year price targets over the past 3 months
16 analyst ratings
Truist Securities Youssef Squali | 36%upside $75 | Buy Maintained | 20 Aug 2025 |
Argus Research Taylor Conrad | 29%upside $71 | Hold Reiterated | 14 Aug 2025 |
Barclays Trevor Young | 9%upside $60 | Equal-Weight Maintained | 31 Jul 2025 |
Wells Fargo Ken Gawrelski | 4%upside $57 | Underweight Maintained | 31 Jul 2025 |
Stifel Mark Kelley | 16%upside $64 | Hold Maintained | 31 Jul 2025 |
Financial journalist opinion
Based on 23 articles about ETSY published over the past 30 days









