B. Riley Forecasts Etsy's FY2025 Earnings (NASDAQ:ETSY)

Etsy, Inc. (NASDAQ:ETSY - Free Report) - Equities research analysts at B. Riley cut their FY2025 earnings per share estimates for shares of Etsy in a report released on Thursday, October 31st. B. Riley analyst N. Khan now anticipates that the specialty retailer will earn $2.53 per share for the year, down from their prior estimate of $3.08. The consensus estimate for Etsy's current full-year earnings is $2.30 per share. B. Riley also issued estimates for Etsy's FY2026 earnings at $2.61 EPS, FY2027 earnings at $2.69 EPS and FY2028 earnings at $2.76 EPS.

ETSY has been the topic of several other research reports. Stifel Nicolaus cut their target price on Etsy from $64.00 to $56.00 and set a "hold" rating on the stock in a research report on Monday, October 28th. Barclays reduced their target price on shares of Etsy from $60.00 to $55.00 and set an "equal weight" rating for the company in a research note on Thursday. Cantor Fitzgerald reissued a "neutral" rating and set a $50.00 price target on shares of Etsy in a research report on Monday, October 7th. Wolfe Research began coverage on shares of Etsy in a research report on Tuesday, July 16th. They issued a "peer perform" rating for the company. Finally, Piper Sandler reiterated a "neutral" rating and issued a $56.00 price objective on shares of Etsy in a research note on Friday, August 23rd. Four research analysts have rated the stock with a sell rating, twelve have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Etsy presently has a consensus rating of "Hold" and a consensus price target of $64.87.

Etsy Stock Down 0.9 %

ETSY stock traded down $0.50 during mid-day trading on Monday, reaching $52.27. 3,471,076 shares of the company traded hands, compared to its average volume of 3,767,841. The firm's 50 day moving average price is $52.60 and its 200 day moving average price is $58.02. The stock has a market cap of $6.00 billion, a price-to-earnings ratio of 26.71, a P/E/G ratio of 5.94 and a beta of 1.99. Etsy has a fifty-two week low of $47.10 and a fifty-two week high of $89.58.

Etsy (NASDAQ:ETSY - Get Free Report) last issued its earnings results on Wednesday, October 30th. The specialty retailer reported $0.45 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.54 by ($0.09). Etsy had a negative return on equity of 46.79% and a net margin of 9.17%. The firm had revenue of $662.40 million during the quarter, compared to the consensus estimate of $652.47 million. During the same quarter in the prior year, the business earned $0.64 earnings per share. Etsy's revenue for the quarter was up 4.1% on a year-over-year basis.

Etsy declared that its Board of Directors has approved a share repurchase program on Wednesday, October 30th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the specialty retailer to reacquire up to 17.8% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company's leadership believes its shares are undervalued.

Insider Activity

In other Etsy news, insider Toni Thompson Nadal sold 1,443 shares of the stock in a transaction that occurred on Thursday, October 3rd. The shares were sold at an average price of $51.11, for a total value of $73,751.73. Following the sale, the insider now directly owns 592 shares in the company, valued at $30,257.12. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, CAO Merilee Buckley sold 1,676 shares of the firm's stock in a transaction that occurred on Thursday, October 3rd. The shares were sold at an average price of $51.11, for a total value of $85,660.36. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Toni Thompson Nadal sold 1,443 shares of the business's stock in a transaction that occurred on Thursday, October 3rd. The stock was sold at an average price of $51.11, for a total transaction of $73,751.73. Following the completion of the transaction, the insider now directly owns 592 shares of the company's stock, valued at approximately $30,257.12. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 4,619 shares of company stock worth $240,825. 2.60% of the stock is owned by company insiders.

Institutional Trading of Etsy

Hedge funds have recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC boosted its holdings in shares of Etsy by 68.9% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 10,968 shares of the specialty retailer's stock worth $754,000 after purchasing an additional 4,474 shares in the last quarter. Janney Montgomery Scott LLC boosted its stake in Etsy by 26.2% in the first quarter. Janney Montgomery Scott LLC now owns 11,078 shares of the specialty retailer's stock worth $761,000 after buying an additional 2,299 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. grew its position in Etsy by 10.3% during the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 4,555 shares of the specialty retailer's stock valued at $313,000 after acquiring an additional 424 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S raised its stake in shares of Etsy by 79.3% during the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 7,059 shares of the specialty retailer's stock worth $485,000 after acquiring an additional 3,122 shares in the last quarter. Finally, Rehmann Capital Advisory Group lifted its holdings in shares of Etsy by 30.3% in the 1st quarter. Rehmann Capital Advisory Group now owns 5,005 shares of the specialty retailer's stock worth $344,000 after acquiring an additional 1,165 shares during the last quarter. 99.53% of the stock is owned by institutional investors.

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.