B. Riley Issues Optimistic Outlook for Etsy Earnings

Etsy, Inc. (NASDAQ:ETSY) – Analysts at B. Riley increased their Q1 2025 earnings per share estimates for shares of Etsy in a note issued to investors on Wednesday, February 19th. B. Riley analyst N. Khan now forecasts that the specialty retailer will post earnings of $0.71 per share for the quarter, up from their prior forecast of $0.45. The consensus estimate for Etsy’s current full-year earnings is $2.57 per share. B. Riley also issued estimates for Etsy’s Q2 2025 earnings at $0.82 EPS, Q3 2025 earnings at $0.79 EPS, Q4 2025 earnings at $1.37 EPS, FY2025 earnings at $3.69 EPS, FY2026 earnings at $4.51 EPS, FY2027 earnings at $5.58 EPS, FY2028 earnings at $6.84 EPS and FY2029 earnings at $8.36 EPS.

Etsy (NASDAQ:ETSY) last posted its earnings results on Wednesday, February 19th. The specialty retailer reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.08. The firm had revenue of $852.16 million for the quarter, compared to analysts’ expectations of $861.37 million. Etsy had a negative return on equity of 46.62% and a net margin of 10.80%. The business’s revenue was up 1.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.62 earnings per share.

Several other equities analysts have also recently weighed in on the company. Truist Financial lowered their price target on Etsy from $70.00 to $67.00 and set a “buy” rating on the stock in a report on Wednesday, January 29th. Cantor Fitzgerald decreased their price target on shares of Etsy from $46.00 to $43.00 and set a “neutral” rating on the stock in a research note on Thursday. Wells Fargo & Company increased their target price on shares of Etsy from $44.00 to $47.00 and gave the company an “underweight” rating in a research note on Thursday. Stifel Nicolaus cut their price objective on Etsy from $56.00 to $51.00 and set a “hold” rating on the stock in a research report on Thursday. Finally, Canaccord Genuity Group dropped their price objective on Etsy from $105.00 to $76.00 and set a “buy” rating on the stock in a research note on Thursday. Four analysts have rated the stock with a sell rating, fourteen have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $58.78.

Etsy Trading Down 0.3 %

Shares of NASDAQ:ETSY opened at $51.26 on Monday. The stock has a fifty day simple moving average of $54.43 and a two-hundred day simple moving average of $53.78. The stock has a market capitalization of $5.49 billion, a price-to-earnings ratio of 21.63, a PEG ratio of 2.57 and a beta of 2.00. Etsy has a 12-month low of $47.10 and a 12-month high of $74.82.

Hedge Funds Weigh In On Etsy

Several hedge funds have recently made changes to their positions in the business. Blue Trust Inc. boosted its stake in Etsy by 106.5% in the 3rd quarter. Blue Trust Inc. now owns 448 shares of the specialty retailer’s stock worth $26,000 after purchasing an additional 231 shares during the period. Lindbrook Capital LLC raised its holdings in shares of Etsy by 55.7% during the fourth quarter. Lindbrook Capital LLC now owns 506 shares of the specialty retailer’s stock worth $27,000 after acquiring an additional 181 shares in the last quarter. True Wealth Design LLC boosted its position in Etsy by 112.7% during the fourth quarter. True Wealth Design LLC now owns 551 shares of the specialty retailer’s stock valued at $29,000 after purchasing an additional 292 shares during the last quarter. Hurley Capital LLC acquired a new position in Etsy in the 4th quarter worth about $32,000. Finally, Strategic Investment Solutions Inc. IL acquired a new stake in shares of Etsy during the 4th quarter valued at about $34,000. Institutional investors and hedge funds own 99.53% of the company’s stock.

Insiders Place Their Bets

In other news, insider Nicholas Daniel sold 1,500 shares of the firm’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $55.34, for a total transaction of $83,010.00. Following the transaction, the insider now directly owns 22,198 shares of the company’s stock, valued at approximately $1,228,437.32. This trade represents a 6.33 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 2.60% of the stock is currently owned by corporate insiders.

Etsy declared that its board has approved a share repurchase program on Wednesday, October 30th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the specialty retailer to buy up to 17.8% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is 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.