Cantor Fitzgerald Forecasts Etsy FY2025 Earnings

Etsy, Inc. (NASDAQ:ETSY) – Research analysts at Cantor Fitzgerald issued their FY2025 EPS estimates for shares of Etsy in a research note issued on Tuesday, January 21st. Cantor Fitzgerald analyst D. Mathivanan expects 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 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). The firm had revenue of $662.40 million during the quarter, compared to the consensus estimate of $652.47 million. Etsy had a negative return on equity of 46.79% and a net margin of 9.17%. Etsy’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.64 earnings per share.

ETSY has been the topic of a number of other reports. Morgan Stanley dropped their price target on shares of Etsy from $47.00 to $45.00 and set an “underweight” rating on the stock in a research report on Monday, January 13th. UBS Group cut their target price on Etsy from $65.00 to $58.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 15th. Deutsche Bank Aktiengesellschaft increased their price target on Etsy from $48.00 to $50.00 and gave the company a “hold” rating in a research report on Friday, November 1st. Jefferies Financial Group raised Etsy from an “underperform” rating to a “hold” rating and boosted their price objective for the stock from $45.00 to $55.00 in a research report on Monday, January 13th. Finally, Barclays decreased their target price on Etsy from $60.00 to $55.00 and set an “equal weight” rating for the company in a research report on Thursday, October 31st. Four equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Etsy currently has a consensus rating of “Hold” and an average target price of $62.54.

Etsy Stock Performance

ETSY stock opened at $52.25 on Wednesday. The business has a 50-day simple moving average of $54.73 and a two-hundred day simple moving average of $54.76. The company has a market capitalization of $5.88 billion, a P/E ratio of 26.66, a price-to-earnings-growth ratio of 2.95 and a beta of 1.99. Etsy has a 52-week low of $47.10 and a 52-week high of $80.30.

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

Insiders Place Their Bets

In other news, insider Nicholas Daniel sold 750 shares of the firm’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $52.50, for a total value of $39,375.00. Following the completion of the sale, the insider now directly owns 24,371 shares of the company’s stock, valued at approximately $1,279,477.50. This trade represents a 2.99 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 2.60% of the company’s stock.

Hedge Funds Weigh In On Etsy

A number of institutional investors have recently added to or reduced their stakes in the company. Blue Trust Inc. lifted its holdings in shares of Etsy by 106.5% during the third quarter. Blue Trust Inc. now owns 448 shares of the specialty retailer’s stock valued at $26,000 after purchasing an additional 231 shares during the last quarter. UMB Bank n.a. raised its stake in Etsy by 112.3% during the third quarter. UMB Bank n.a. now owns 552 shares of the specialty retailer’s stock valued at $31,000 after buying an additional 292 shares during the last quarter. American Century Companies Inc. boosted its holdings in Etsy by 3.0% in the second quarter. American Century Companies Inc. now owns 12,519 shares of the specialty retailer’s stock worth $738,000 after acquiring an additional 367 shares in the last quarter. Coldstream Capital Management Inc. grew its stake in shares of Etsy by 11.6% in the third quarter. Coldstream Capital Management Inc. now owns 4,302 shares of the specialty retailer’s stock worth $239,000 after acquiring an additional 448 shares during the last quarter. Finally, Versant Capital Management Inc increased its holdings in shares of Etsy by 153.1% during the fourth quarter. Versant Capital Management Inc now owns 825 shares of the specialty retailer’s stock valued at $44,000 after acquiring an additional 499 shares in the last quarter. Institutional investors own 99.53% of the company’s stock.

Etsy Company Profile

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.