Wedbush Predicts Etsy’s Q1 Earnings (NASDAQ:ETSY)

Etsy, Inc. (NASDAQ:ETSY) – Analysts at Wedbush decreased their Q1 2025 EPS estimates for shares of Etsy in a research note issued to investors on Wednesday, February 19th. Wedbush analyst S. Devitt now anticipates that the specialty retailer will post earnings per share of $0.43 for the quarter, down from their prior forecast of $0.51. The consensus estimate for Etsy’s current full-year earnings is $2.60 per share. Wedbush also issued estimates for Etsy’s Q2 2025 earnings at $0.48 EPS, Q3 2025 earnings at $0.58 EPS, Q4 2025 earnings at $1.09 EPS, FY2025 earnings at $2.58 EPS and FY2026 earnings at $2.86 EPS.

Several other research firms have also recently weighed in on ETSY. Needham & Company LLC reissued a “buy” rating and set a $60.00 price objective on shares of Etsy in a report on Thursday. Barclays decreased their target price on shares of Etsy from $60.00 to $55.00 and set an “equal weight” rating for the company in a research note on Thursday, October 31st. Citigroup dropped their price target on Etsy from $56.00 to $53.00 and set a “neutral” rating on the stock in a research note on Thursday. Moffett Nathanson upped their price objective on Etsy from $60.00 to $61.00 and gave the company a “neutral” rating in a research report on Tuesday, November 26th. Finally, Cantor Fitzgerald lowered their target price on Etsy from $46.00 to $43.00 and set a “neutral” rating on the stock in a report on Thursday. Four analysts have rated the stock with a sell rating, fourteen have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Etsy presently has an average rating of “Hold” and an average price target of $60.08.

Etsy Trading Down 0.3 %

Shares of ETSY opened at $51.26 on Friday. Etsy has a 12 month low of $47.10 and a 12 month high of $74.82. The business’s fifty day simple moving average is $54.43 and its two-hundred day simple moving average is $53.78. The company has a market cap of $5.77 billion, a price-to-earnings ratio of 21.63, a P/E/G ratio of 2.55 and a beta of 2.00.

Etsy (NASDAQ:ETSY) last issued its quarterly earnings results on Wednesday, February 19th. The specialty retailer reported $1.03 earnings per share for the quarter, beating the consensus estimate of $0.95 by $0.08. Etsy had a negative return on equity of 46.62% and a net margin of 10.80%. The firm had revenue of $852.16 million during the quarter, compared to the consensus estimate of $861.37 million. During the same period last year, the company earned $0.62 earnings per share. The company’s revenue was up 1.2% on a year-over-year basis.

Hedge Funds Weigh In On Etsy

Several institutional investors have recently modified their holdings of ETSY. Neo Ivy Capital Management acquired a new stake in shares of Etsy during the 4th quarter worth about $3,334,000. GTS Securities LLC increased its stake in Etsy by 142.3% in the fourth quarter. GTS Securities LLC now owns 14,667 shares of the specialty retailer’s stock valued at $776,000 after purchasing an additional 49,333 shares during the last quarter. PharVision Advisers LLC acquired a new stake in Etsy during the fourth quarter worth approximately $283,000. Voloridge Investment Management LLC lifted its position in shares of Etsy by 40.6% during the 4th quarter. Voloridge Investment Management LLC now owns 476,457 shares of the specialty retailer’s stock worth $25,200,000 after buying an additional 137,602 shares during the last quarter. Finally, iSAM Funds UK Ltd acquired a new position in shares of Etsy in the 4th quarter valued at $288,000. Institutional investors and hedge funds own 99.53% of the company’s stock.

Insider Transactions at Etsy

In other news, insider Nicholas Daniel sold 1,500 shares of the firm’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $55.34, for a total transaction of $83,010.00. Following the completion of the transaction, the insider now directly owns 22,198 shares in the company, valued at $1,228,437.32. This trade represents a 6.33 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 2.60% of the company’s stock.

Etsy declared that its Board of Directors has initiated a stock repurchase program on Wednesday, October 30th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the specialty retailer to reacquire up to 17.8% of its shares through open market purchases. Shares buyback programs are typically an indication 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.