Equities Analysts Issue Forecasts for Etsy Q3 Earnings

Key Points

• B. Riley has lowered its Q3 2025 earnings per share forecast for Etsy from $0.72 to $0.53 while maintaining a "Buy" rating with a price target of $55.00.
• Etsy's recent quarterly earnings report revealed an earnings per share of $0.25, missing estimates of $0.54, despite generating revenue of $672.66 million, which exceeded expectations.
• Insider trading activity indicates a significant decrease in stock holdings by CEO Josh Silverman and Director Melissa Reiff, with insiders selling 326,041 shares valued at nearly $19.7 million over the past 90 days.

Etsy, Inc. (NASDAQ:ETSY - Free Report) - Stock analysts at B. Riley lowered their Q3 2025 earnings per share estimates for shares of Etsy in a research note issued to investors on Wednesday, July 30th. B. Riley analyst N. Khan now forecasts that the specialty retailer will post earnings of $0.53 per share for the quarter, down from their prior forecast of $0.72. B. Riley has a "Buy" rating and a $55.00 price target on the stock. The consensus estimate for Etsy's current full-year earnings is $2.57 per share. B. Riley also issued estimates for Etsy's Q4 2025 earnings at $0.99 EPS, FY2025 earnings at $2.58 EPS, Q4 2026 earnings at $1.01 EPS, FY2026 earnings at $2.58 EPS, FY2027 earnings at $2.73 EPS, FY2028 earnings at $2.88 EPS and FY2029 earnings at $3.03 EPS.

Etsy (NASDAQ:ETSY - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The specialty retailer reported $0.25 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.54 by ($0.29). Etsy had a net margin of 5.78% and a negative return on equity of 31.10%. The business had revenue of $672.66 million for the quarter, compared to analysts' expectations of $645.16 million. During the same quarter in the prior year, the firm earned $0.41 EPS. The firm's revenue for the quarter was up 3.8% on a year-over-year basis.

ETSY has been the topic of a number of other research reports. Stifel Nicolaus upped their target price on Etsy from $45.00 to $66.00 and gave the stock a "hold" rating in a report on Tuesday, July 29th. Guggenheim upped their target price on Etsy from $50.00 to $70.00 and gave the stock a "buy" rating in a report on Thursday. UBS Group reiterated a "neutral" rating and set a $67.00 target price on shares of Etsy in a report on Thursday. The Goldman Sachs Group reduced their target price on Etsy from $35.00 to $31.00 and set a "sell" rating on the stock in a report on Thursday, May 1st. Finally, Citizens Jmp upgraded Etsy to a "hold" rating in a report on Thursday, July 10th. Five investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $56.76.

Etsy Price Performance

Shares of NASDAQ:ETSY opened at $58.77 on Monday. Etsy has a 1 year low of $40.05 and a 1 year high of $68.45. The company has a market cap of $5.82 billion, a PE ratio of 47.40, a P/E/G ratio of 3.62 and a beta of 1.73. The stock's 50-day moving average is $56.91 and its 200 day moving average is $51.43.

Insiders Place Their Bets

In related news, CEO Josh Silverman sold 151,666 shares of the company's stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $57.68, for a total value of $8,748,094.88. Following the transaction, the chief executive officer directly owned 107,809 shares of the company's stock, valued at approximately $6,218,423.12. This represents a 58.45% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Melissa Reiff sold 6,909 shares of the company's stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $58.89, for a total value of $406,871.01. Following the completion of the transaction, the director directly owned 16,424 shares in the company, valued at $967,209.36. This trade represents a 29.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 326,041 shares of company stock valued at $19,664,717. Insiders own 2.80% of the company's stock.

Hedge Funds Weigh In On Etsy

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Versant Capital Management Inc lifted its holdings in shares of Etsy by 1,066.3% during the 1st quarter. Versant Capital Management Inc now owns 9,622 shares of the specialty retailer's stock valued at $454,000 after buying an additional 8,797 shares during the period. Brooklyn FI LLC bought a new position in shares of Etsy during the 4th quarter valued at $5,229,000. JBGlobal.com LLC lifted its holdings in shares of Etsy by 68.2% during the 1st quarter. JBGlobal.com LLC now owns 12,837 shares of the specialty retailer's stock valued at $606,000 after buying an additional 5,206 shares during the period. Praxis Investment Management Inc. bought a new position in shares of Etsy during the 1st quarter valued at $232,000. Finally, Lmcg Investments LLC lifted its holdings in shares of Etsy by 56.2% during the 1st quarter. Lmcg Investments LLC now owns 42,386 shares of the specialty retailer's stock valued at $2,000,000 after buying an additional 15,254 shares during the period. 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.

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