B. Riley Has Pessimistic Outlook of Etsy FY2025 Earnings

Etsy, Inc. (NASDAQ:ETSY) – Stock analysts at B. Riley decreased their FY2025 earnings per share (EPS) estimates for shares of Etsy in a note issued to investors on Thursday, October 31st. B. Riley analyst N. Khan now forecasts that the specialty retailer will earn $2.53 per share for the year, down from their previous forecast of $3.08. The consensus estimate for Etsy’s current full-year earnings is $2.27 per share. B. Riley also issued estimates for Etsy’s FY2026 earnings at $2.61 EPS, FY2027 earnings at $2.69 EPS and FY2028 earnings at $2.76 EPS.

Several other research analysts have also commented on the company. Oppenheimer lowered Etsy from an “outperform” rating to a “market perform” rating in a research report on Thursday, August 1st. UBS Group dropped their target price on Etsy from $65.00 to $58.00 and set a “neutral” rating for the company in a research report on Tuesday, October 15th. Wells Fargo & Company cut their price target on shares of Etsy from $47.00 to $44.00 and set an “underweight” rating on the stock in a research note on Friday, November 1st. Wolfe Research initiated coverage on shares of Etsy in a report on Tuesday, July 16th. They issued a “peer perform” rating for the company. Finally, Wedbush cut their target price on shares of Etsy from $65.00 to $58.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 22nd. Four investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $64.87.

Etsy Stock Performance

Etsy stock opened at $52.73 on Monday. Etsy has a fifty-two week low of $47.10 and a fifty-two week high of $89.58. The firm has a 50 day moving average price of $52.54 and a 200 day moving average price of $57.91. The company has a market capitalization of $6.05 billion, a PE ratio of 26.90, a price-to-earnings-growth ratio of 6.19 and a beta of 1.99.

Etsy (NASDAQ:ETSY) last posted its earnings results on Wednesday, October 30th. The specialty retailer reported $0.45 EPS for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.09). The company had revenue of $662.40 million during the quarter, compared to analyst estimates of $652.47 million. Etsy had a net margin of 9.17% and a negative return on equity of 46.79%. The company’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.64 EPS.

Institutional Investors Weigh In On Etsy

Several large investors have recently modified their holdings of ETSY. Everence Capital Management Inc. purchased a new stake in Etsy in the 3rd quarter valued at $834,000. TD Asset Management Inc boosted its stake in shares of Etsy by 16.8% during the first quarter. TD Asset Management Inc now owns 1,540,465 shares of the specialty retailer’s stock worth $105,861,000 after buying an additional 221,275 shares during the period. Diversified Trust Co boosted its stake in shares of Etsy by 11.5% during the second quarter. Diversified Trust Co now owns 6,459 shares of the specialty retailer’s stock worth $381,000 after buying an additional 668 shares during the period. Advisors Asset Management Inc. grew its holdings in shares of Etsy by 12.6% during the first quarter. Advisors Asset Management Inc. now owns 146,865 shares of the specialty retailer’s stock worth $10,093,000 after buying an additional 16,458 shares during the last quarter. Finally, Louisiana State Employees Retirement System raised its stake in Etsy by 740.9% during the 3rd quarter. Louisiana State Employees Retirement System now owns 55,500 shares of the specialty retailer’s stock valued at $3,082,000 after acquiring an additional 48,900 shares during the last quarter. 99.53% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Etsy

In related news, insider Nicholas Daniel sold 750 shares of the stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $55.40, for a total value of $41,550.00. Following the transaction, the insider now directly owns 18,083 shares of the company’s stock, valued at $1,001,798.20. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, insider Toni Thompson Nadal sold 1,443 shares of the company’s stock in a transaction dated Thursday, October 3rd. The stock was sold at an average price of $51.11, for a total value of $73,751.73. Following the completion of the sale, the insider now directly owns 592 shares of the company’s stock, valued at $30,257.12. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Nicholas Daniel sold 750 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $55.40, for a total value of $41,550.00. Following the transaction, the insider now owns 18,083 shares in the company, valued at $1,001,798.20. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 5,369 shares of company stock worth $280,200. 2.60% of the stock is currently owned by insiders.

Etsy declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, October 30th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the specialty retailer to repurchase up to 17.8% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board believes its stock is undervalued.

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.