Etsy to transfer stock listing from Nasdaq to NYSE on Oct 13

NEW YORK - Etsy, Inc. (NASDAQ:ETSY) announced Monday plans to transfer its common stock listing from the Nasdaq Stock Market to the New York Stock Exchange (NYSE). The company, currently valued at $7.5 billion and trading near its 52-week high, has shown impressive momentum with a 37% price return over the past six months.

The e-commerce company, which operates online marketplaces connecting buyers and sellers worldwide, expects its Nasdaq listing to end on October 10, 2025, with trading on the NYSE beginning October 13, 2025, under the same ticker symbol "ETSY." According to InvestingPro data, the company maintains strong financial health with a current ratio of 3.39 and industry-leading gross profit margins of 72%.

"We’re excited to join the New York Stock Exchange and stand alongside some of the world’s most respected and innovative companies," said Josh Silverman, Chief Executive Officer of Etsy, in a press release statement.

Lynn Martin, President of NYSE Group, said: "We are honored to welcome Etsy as a NYSE listed company."

Etsy, founded in 2005 and headquartered in Brooklyn, New York, operates multiple online marketplaces including its primary platform for unique and creative goods, as well as fashion resale marketplace Depop.

The company’s marketplaces share a mission to "Keep Commerce Human," focusing on connecting creative entrepreneurs with buyers seeking unique items. Etsy provides sellers with tools and services addressing key business needs while its marketplaces operate independently but share expertise in product, marketing, technology, and customer support.

The announcement comes as Etsy marks its 20th year of connecting shoppers with creative entrepreneurs globally.

In other recent news, Etsy has been in the spotlight with several key developments. OpenAI’s integration of an "Instant Checkout" feature in ChatGPT has allowed users to make direct purchases through platforms like Etsy, potentially increasing transaction efficiency for U.S. Etsy sellers. Additionally, Etsy announced that Rafe Colburn will expand his role to become Chief Product and Technology Officer, overseeing both product and engineering teams starting in September 2025.

On the financial front, Truist Securities has raised its price target for Etsy to $75, maintaining a Buy rating, citing positive marketplace revenue data that surpasses consensus estimates. Meanwhile, Stifel has reiterated its Hold rating with a $64 price target, following discussions with Etsy’s financial executives. Similarly, Cantor Fitzgerald has maintained a Neutral rating and a $64 price target, noting Etsy’s significant cross-border transaction exposure, which accounts for 25% of its total Gross Merchandise Sales. These recent developments highlight a mix of strategic and financial updates for Etsy.

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