Skip to contentHome page Seeking Alpha - Power to InvestorsSep. 22, 2025 4:05 PM ETEtsy, Inc. (ETSY) StockETSYKurt Christensen648 FollowersSummaryEtsy is a profitable, differentiated marketplace facing shrinking active buyers, declining GMS, and increased seller attrition despite strong cash flow and margins.ETSY has grown revenue through higher take rates and services, but this strategy risks alienating sellers and undermining the platform’s unique value proposition.Depop’s rapid growth offers some offset, but long-term upside depends on stabilizing buyer trends, effective marketing, and successful AI-driven personalization.At a low forward P/E, ETSY is rated a hold due to continued user declines, pressured margins, and uncertainty about reigniting sustainable growth.herstockart/iStock Unreleased via Getty ImagesI have not revisited Etsy, Inc. (NASDAQ:ETSY) in quite some time. When I reviewed the stock a couple of years ago, it was coming off the highs from COVID and online shopping. The valuationThis article was written byKurt Christensen648 FollowersI am a graduate in finance. Currently working in international tax. A personal investor.Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.CommentsRecommended For YouAbout ETSY StockSymbolLast Price% Chg1D5D1M6M1Y5Y10YMarket CapRev Growth (YoY)Short InterestPrev. CloseMore on ETSYRelated StocksSymbolLast Price% Chg--1D5D1M6M1Y5Y10YTrending AnalysisTrending NewsSeeking Alpha - Power to InvestorsPower to InvestorsFollow usDownload appContact usSubscription Support: 1-347-509-6837© 2025 Seeking AlphaTo ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.Is this happening to you frequently? Please report it on our feedback forum.If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.