Wedbush Has Positive Estimate for Etsy Q2 Earnings

Etsy, Inc. (NASDAQ:ETSY - Free Report) - Research analysts at Wedbush boosted their Q2 2025 earnings per share estimates for shares of Etsy in a report released on Wednesday, April 30th. Wedbush analyst S. Devitt now anticipates that the specialty retailer will post earnings of $0.49 per share for the quarter, up from their previous forecast of $0.41. The consensus estimate for Etsy's current full-year earnings is $2.57 per share. Wedbush also issued estimates for Etsy's Q3 2025 earnings at $0.58 EPS, Q4 2025 earnings at $1.12 EPS, FY2025 earnings at $2.64 EPS and FY2026 earnings at $3.12 EPS.

Several other analysts have also commented on ETSY. Truist Financial reduced their price target on shares of Etsy from $70.00 to $67.00 and set a "buy" rating on the stock in a research report on Wednesday, January 29th. 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 research report on Thursday, May 1st. Citigroup lowered their price target on Etsy from $53.00 to $48.00 and set a "neutral" rating for the company in a report on Friday, April 25th. Needham & Company LLC restated a "buy" rating and issued a $60.00 price objective on shares of Etsy in a report on Wednesday, April 30th. Finally, Bank of America lowered their target price on shares of Etsy from $55.00 to $50.00 and set a "neutral" rating for the company in a research note on Tuesday, April 8th. Four analysts have rated the stock with a sell rating, fifteen have issued a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $50.14.

Etsy Price Performance

Shares of ETSY traded up $0.82 during mid-day trading on Monday, reaching $45.93. The stock had a trading volume of 3,886,237 shares, compared to its average volume of 3,842,525. The firm has a market cap of $4.79 billion, a price-to-earnings ratio of 19.38, a P/E/G ratio of 2.57 and a beta of 1.78. The business's fifty day moving average is $45.62 and its 200 day moving average is $51.01. Etsy has a 52-week low of $40.05 and a 52-week high of $66.93.

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

Hedge Funds Weigh In On Etsy

Hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. increased its position in Etsy by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 12,309,622 shares of the specialty retailer's stock worth $651,056,000 after buying an additional 56,772 shares during the period. Renaissance Technologies LLC increased its holdings in shares of Etsy by 4.5% in the 4th quarter. Renaissance Technologies LLC now owns 5,421,641 shares of the specialty retailer's stock valued at $286,751,000 after acquiring an additional 235,550 shares during the period. Van ECK Associates Corp boosted its stake in Etsy by 17.4% during the 4th quarter. Van ECK Associates Corp now owns 3,527,742 shares of the specialty retailer's stock worth $186,583,000 after purchasing an additional 522,111 shares during the period. Assenagon Asset Management S.A. grew its position in Etsy by 36.0% during the 1st quarter. Assenagon Asset Management S.A. now owns 2,026,263 shares of the specialty retailer's stock worth $95,599,000 after purchasing an additional 535,864 shares during the last quarter. Finally, DAVENPORT & Co LLC raised its holdings in shares of Etsy by 12.1% in the fourth quarter. DAVENPORT & Co LLC now owns 1,748,008 shares of the specialty retailer's stock valued at $92,452,000 after buying an additional 188,386 shares during the last quarter. Hedge funds and other institutional investors own 99.53% of the company's stock.

Insider Buying and Selling

In other news, insider Nicholas Daniel sold 1,500 shares of the stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $43.07, for a total value of $64,605.00. Following the transaction, the insider now owns 33,322 shares in the company, valued at approximately $1,435,178.54. This represents a 4.31 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Josh Silverman sold 21,666 shares of the business's stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $43.09, for a total value of $933,587.94. Following the sale, the chief executive officer now owns 53,484 shares of the company's stock, valued at approximately $2,304,625.56. The trade was a 28.83 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 72,618 shares of company stock worth $3,469,803. Corporate insiders own 2.60% 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.