Wedbush Weighs in on Etsy's Q2 Earnings (NASDAQ:ETSY)

Etsy, Inc. (NASDAQ:ETSY - Free Report) - Equities researchers at Wedbush lowered their Q2 2025 earnings per share estimates for shares of Etsy in a research report issued on Tuesday, April 15th. Wedbush analyst S. Devitt now forecasts that the specialty retailer will post earnings of $0.41 per share for the quarter, down from their prior estimate of $0.48. 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 $0.51 EPS, FY2025 earnings at $2.33 EPS and FY2026 earnings at $2.59 EPS.

A number of other analysts also recently issued reports on ETSY. UBS Group lowered their price target on Etsy from $54.00 to $46.00 and set a "neutral" rating for the company in a research report on Friday, April 11th. Wells Fargo & Company decreased their price objective on shares of Etsy from $47.00 to $46.00 and set an "underweight" rating for the company in a research note on Wednesday, April 2nd. Jefferies Financial Group upgraded Etsy from an "underperform" rating to a "hold" rating and boosted their price objective for the company from $45.00 to $55.00 in a report on Monday, January 13th. Bank of America decreased their price objective on shares of Etsy from $55.00 to $50.00 and set a "neutral" rating for the company in a report on Tuesday, April 8th. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $60.00 target price on shares of Etsy in a report on Thursday, February 20th. Four investment analysts have rated the stock with a sell rating, fifteen have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Etsy has a consensus rating of "Hold" and an average target price of $56.42.

Etsy Stock Up 0.1 %

NASDAQ ETSY traded up $0.04 during trading hours on Wednesday, hitting $44.19. 1,467,124 shares of the company were exchanged, compared to its average volume of 3,807,938. The stock has a market cap of $4.73 billion, a PE ratio of 18.65, a price-to-earnings-growth ratio of 2.57 and a beta of 2.15. The stock has a 50-day moving average price of $47.69 and a 200 day moving average price of $51.51. Etsy has a 52 week low of $40.05 and a 52 week high of $71.72.

Etsy (NASDAQ:ETSY - Get Free Report) last posted its earnings results on Wednesday, February 19th. The specialty retailer reported $1.03 earnings per share for the quarter, beating analysts' consensus estimates of $0.95 by $0.08. Etsy had a net margin of 10.80% and a negative return on equity of 46.62%. The firm had revenue of $852.16 million during the quarter, compared to analyst estimates of $861.37 million. During the same period last year, the firm posted $0.62 earnings per share. Etsy's revenue for the quarter was up 1.2% compared to the same quarter last year.

Insider Transactions at Etsy

In other Etsy news, CEO Josh Silverman sold 21,666 shares of the firm's stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $52.05, for a total value of $1,127,715.30. Following the completion of the transaction, the chief executive officer now owns 5,004 shares of the company's stock, valued at $260,458.20. This trade represents a 81.24 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CAO Merilee Buckley sold 1,676 shares of Etsy stock in a transaction dated Thursday, April 3rd. The shares were sold at an average price of $48.40, for a total value of $81,118.40. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 50,952 shares of company stock valued at $2,554,620. 2.60% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in ETSY. Norges Bank purchased a new position in shares of Etsy during the fourth quarter worth approximately $74,235,000. Assenagon Asset Management S.A. lifted its position in Etsy by 132.9% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,490,399 shares of the specialty retailer's stock worth $78,827,000 after acquiring an additional 850,520 shares during the period. Victory Capital Management Inc. lifted its holdings in shares of Etsy by 703.8% during the fourth quarter. Victory Capital Management Inc. now owns 812,671 shares of the specialty retailer's stock worth $42,982,000 after purchasing an additional 711,572 shares during the period. Van ECK Associates Corp increased its stake in Etsy by 17.4% in the 4th quarter. Van ECK Associates Corp now owns 3,527,742 shares of the specialty retailer's stock valued at $186,583,000 after buying an additional 522,111 shares during the period. Finally, AQR Capital Management LLC increased its position in Etsy by 89.1% during the 4th quarter. AQR Capital Management LLC now owns 889,438 shares of the specialty retailer's stock worth $47,042,000 after purchasing an additional 419,038 shares during the period. 99.53% of the stock is owned by institutional investors and hedge funds.

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.