FY2025 EPS Estimates for Etsy Decreased by Cantor Fitzgerald

Etsy, Inc. (NASDAQ:ETSY - Free Report) - Cantor Fitzgerald cut their FY2025 earnings per share (EPS) estimates for Etsy in a report issued on Monday, April 28th. Cantor Fitzgerald analyst D. Mathivanan now expects that the specialty retailer will post earnings per share of $2.49 for the year, down from their prior estimate of $2.59. Cantor Fitzgerald has a "Neutral" rating and a $47.00 price target on the stock. The consensus estimate for Etsy's current full-year earnings is $2.57 per share.

ETSY has been the subject of several other research reports. UBS Group lowered their price objective on shares of Etsy from $46.00 to $45.00 and set a "neutral" rating for the company in a research note on Thursday. Needham & Company LLC reissued a "buy" rating and issued a $60.00 price objective on shares of Etsy in a research note on Wednesday. Loop Capital lowered their price objective on shares of Etsy from $40.00 to $37.00 and set a "sell" rating for the company in a research note on Thursday. Jefferies Financial Group raised shares of Etsy from an "underperform" rating to a "hold" rating and raised their price objective for the company from $45.00 to $55.00 in a research note on Monday, January 13th. Finally, Citigroup decreased their price target on shares of Etsy from $53.00 to $48.00 and set a "neutral" rating for the company in a research note on Friday, April 25th. Four equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $52.54.

Etsy Price Performance

Shares of NASDAQ ETSY traded down $0.97 during midday trading on Tuesday, hitting $42.51. The company's stock had a trading volume of 6,404,159 shares, compared to its average volume of 3,913,157. The business's fifty day simple moving average is $46.05 and its two-hundred day simple moving average is $51.15. Etsy has a 1 year low of $40.05 and a 1 year high of $66.93. The firm has a market capitalization of $4.47 billion, a price-to-earnings ratio of 17.94, a price-to-earnings-growth ratio of 2.57 and a beta of 2.15.

Etsy (NASDAQ:ETSY - Get Free Report) last announced its earnings results on Wednesday, April 30th. The specialty retailer reported $0.46 EPS for the quarter, missing analysts' consensus estimates of $0.50 by ($0.04). The firm had revenue of $651.18 million for the quarter, compared to analysts' expectations of $642.22 million. Etsy had a net margin of 10.80% and a negative return on equity of 46.62%. The business's revenue was up .8% compared to the same quarter last year. During the same quarter last year, the business earned $0.48 earnings per share.

Insider Activity

In other news, CEO Josh Silverman sold 21,666 shares of Etsy stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $48.23, for a total value of $1,044,951.18. Following the transaction, the chief executive officer now directly owns 31,818 shares of the company's stock, valued at $1,534,582.14. The trade was a 40.51 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Toni Thompson Nadal sold 1,444 shares of Etsy stock in a transaction on Thursday, April 3rd. The shares were sold at an average price of $48.30, for a total transaction of $69,745.20. Following the completion of the transaction, the insider now directly owns 592 shares in the company, valued at $28,593.60. The trade was a 70.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 50,952 shares of company stock valued at $2,554,620 in the last ninety days. 2.60% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Etsy

Several institutional investors have recently bought and sold shares of the company. CWM LLC increased its stake in Etsy by 409.5% in the 1st quarter. CWM LLC now owns 97,797 shares of the specialty retailer's stock valued at $4,614,000 after buying an additional 78,602 shares during the period. PYA Waltman Capital LLC increased its stake in Etsy by 21.7% in the 1st quarter. PYA Waltman Capital LLC now owns 29,662 shares of the specialty retailer's stock valued at $1,399,000 after buying an additional 5,294 shares during the period. Cerity Partners LLC boosted its position in shares of Etsy by 211.4% during the 1st quarter. Cerity Partners LLC now owns 94,691 shares of the specialty retailer's stock worth $4,468,000 after purchasing an additional 64,279 shares in the last quarter. Allworth Financial LP boosted its position in shares of Etsy by 47.6% during the 1st quarter. Allworth Financial LP now owns 769 shares of the specialty retailer's stock worth $35,000 after purchasing an additional 248 shares in the last quarter. Finally, Banque Pictet & Cie SA boosted its position in shares of Etsy by 2.3% during the 1st quarter. Banque Pictet & Cie SA now owns 141,010 shares of the specialty retailer's stock worth $6,653,000 after purchasing an additional 3,220 shares in the last quarter. 99.53% of the stock is owned by institutional investors and hedge funds.

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.