ETSY, INC
In the published model solve dated 2026-Q2, anchored at $76.50, ETSY, INC (ETSY) is priced for +15.9% growth. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed July 25, 2026 from SEC EDGAR filings.
• Sellers are handing over a bigger slice of every sale: gross merchandise sales fell about 5% in 2025 to 11,916.9 million dollars while revenue came in at 2,884 million dollars, which on the company's own definition of take rate as revenue divided by merchandise sales works out near a quarter of everything transacted. • Depop is on its way out the door: on February 15, 2026 Etsy agreed to sell the fashion resale marketplace to EBAY, a deal the 10-Q values at 1.2 billion dollars and expects to c
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476 institutional managers reported holding ETSY in 13F filings for the quarter ended 2026-03-31. Together they hold about 89% of the company; the top 10 hold 48%. 53 opened new positions that quarter. Held by BlackRock, Vanguard Group, Renaissance Technologies, among others. On the short side, 14.7M shares were sold short as of the 2026-06-15 count, about 12% of shares outstanding (5.2 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
ETSY has cut its share count 24.2% over the past five years, spending $2.77B on repurchases. It pays no dividend. Cash returned over the past three years: $2.04B in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
No open-market insider buys on file at ETSY over the trailing three years. Absence is a fact about the company, not a signal. 21 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
ETSY's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-08-04 | -15.9% | -23.1% |
| 2023-11-03 | -1.0% | +15.9% |
| 2024-02-23 | -6.9% | -8.8% |
| 2024-05-03 | -13.6% | -2.6% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
ETSY's latest 8-K filings: 2026-08-05 (items 2.02, 2.05, 7.01, 8.01, 9.01); 2026-07-30 (items 1.01, 2.01, 7.01, 9.01); 2026-07-16 (items 1.01, 9.01); 2026-06-12 (items 5.07, 9.01); 2026-05-28 (items 1.01, 9.01).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: July 25, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.