Brokers Set Expectations for Etsy FY2025 Earnings

Etsy, Inc. (NASDAQ:ETSY) – Analysts at Cantor Fitzgerald issued their FY2025 earnings per share (EPS) estimates for Etsy in a research note issued to investors on Tuesday, January 21st. Cantor Fitzgerald analyst D. Mathivanan forecasts that the specialty retailer will post earnings per share of $2.66 for the year. Cantor Fitzgerald currently has a “Neutral” rating and a $50.00 target price on the stock. The consensus estimate for Etsy’s current full-year earnings is $2.26 per share.

Etsy (NASDAQ:ETSY) last posted its quarterly earnings data on Wednesday, October 30th. The specialty retailer reported $0.45 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.09). Etsy had a net margin of 9.17% and a negative return on equity of 46.79%. The company had revenue of $662.40 million during the quarter, compared to analyst estimates of $652.47 million. During the same quarter in the previous year, the business posted $0.64 EPS. The company’s revenue was up 4.1% compared to the same quarter last year.

Other research analysts have also issued reports about the company. Deutsche Bank Aktiengesellschaft increased their price objective on Etsy from $48.00 to $50.00 and gave the company a “hold” rating in a research report on Friday, November 1st. Truist Financial dropped their price objective on Etsy from $76.00 to $70.00 and set a “buy” rating for the company in a report on Thursday, October 31st. Citigroup reduced their target price on shares of Etsy from $65.00 to $54.00 and set a “neutral” rating on the stock in a research note on Thursday, October 31st. Raymond James dropped their price target on shares of Etsy from $72.00 to $65.00 and set an “outperform” rating for the company in a research note on Wednesday, October 23rd. Finally, Morgan Stanley lowered their target price on shares of Etsy from $47.00 to $45.00 and set an “underweight” rating for the company in a report on Monday, January 13th. Four equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $62.54.

Etsy Price Performance

Shares of Etsy stock opened at $52.05 on Wednesday. The firm has a 50 day simple moving average of $54.75 and a 200 day simple moving average of $54.77. Etsy has a fifty-two week low of $47.10 and a fifty-two week high of $80.30. The firm has a market cap of $5.86 billion, a P/E ratio of 26.56, a P/E/G ratio of 2.95 and a beta of 1.99.

Institutional Trading of Etsy

Several institutional investors and hedge funds have recently bought and sold shares of ETSY. Pacer Advisors Inc. lifted its stake in Etsy by 183.9% in the third quarter. Pacer Advisors Inc. now owns 5,961,952 shares of the specialty retailer’s stock valued at $331,067,000 after acquiring an additional 3,861,668 shares during the last quarter. Marshall Wace LLP lifted its stake in Etsy by 304.2% in the 2nd quarter. Marshall Wace LLP now owns 1,402,216 shares of the specialty retailer’s stock valued at $82,703,000 after purchasing an additional 1,055,296 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new position in Etsy during the third quarter worth about $55,530,000. Holocene Advisors LP acquired a new position in Etsy during the third quarter worth approximately $49,061,000. Finally, Assenagon Asset Management S.A. raised its stake in Etsy by 132.9% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,490,399 shares of the specialty retailer’s stock valued at $78,827,000 after buying an additional 850,520 shares during the period. Institutional investors own 99.53% of the company’s stock.

Insider Buying and Selling

In other Etsy news, insider Nicholas Daniel sold 750 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $52.50, for a total value of $39,375.00. Following the sale, the insider now owns 24,371 shares in the company, valued at approximately $1,279,477.50. The trade was a 2.99 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 2.60% of the company’s stock.

Etsy declared that its board has authorized a share repurchase program on Wednesday, October 30th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the specialty retailer to repurchase up to 17.8% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s management believes its shares are undervalued.

About Etsy

Etsy, Inc, together with its subsidiaries, operates two-sided online marketplaces that connect buyers and sellers in the United States, the United Kingdom, Germany, Canada, Australia, and France. Its primary marketplace is Etsy.com that connects artisans and entrepreneurs with various consumers. The company also offers Reverb, a musical instrument marketplace; Depop, a fashion resale marketplace; and Elo7, a Brazil-based marketplace for handmade and unique items.