B. Riley Has Negative Forecast for Etsy FY2025 Earnings

Etsy, Inc. (NASDAQ:ETSY) – Equities researchers at B. Riley lowered their FY2025 earnings per share (EPS) estimates for Etsy in a research report issued on Thursday, October 31st. B. Riley analyst N. Khan now anticipates that the specialty retailer will post earnings per share of $2.53 for the year, down from their prior forecast of $3.08. The consensus estimate for Etsy’s current full-year earnings is $2.30 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.

Etsy (NASDAQ:ETSY) last released its quarterly earnings results on Wednesday, October 30th. The specialty retailer reported $0.45 earnings per share 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 negative return on equity of 46.79% and a net margin of 9.17%. The business’s revenue was up 4.1% compared to the same quarter last year. During the same period last year, the firm earned $0.64 earnings per share.

Several other equities analysts have also commented on the company. Wolfe Research initiated coverage on Etsy in a research note on Tuesday, July 16th. They issued a “peer perform” rating for the company. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Etsy from $48.00 to $50.00 and gave the company a “hold” rating in a research report on Friday. Evercore ISI raised shares of Etsy to a “strong-buy” rating in a research report on Thursday, August 1st. Citigroup reduced their target price on shares of Etsy from $65.00 to $54.00 and set a “neutral” rating on the stock in a report on Thursday. Finally, Oppenheimer downgraded Etsy from an “outperform” rating to a “market perform” rating in a report on Thursday, August 1st. Four research analysts have rated the stock with a sell rating, twelve have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Etsy currently has an average rating of “Hold” and a consensus target price of $64.87.

Etsy Stock Performance

Shares of ETSY opened at $52.77 on Monday. Etsy has a 1 year low of $47.10 and a 1 year high of $89.58. The company has a market capitalization of $6.06 billion, a price-to-earnings ratio of 26.92, a PEG ratio of 5.94 and a beta of 1.99. The company’s 50 day simple moving average is $52.60 and its 200 day simple moving average is $58.08.

Etsy announced that its Board of Directors has initiated a stock repurchase program on Wednesday, October 30th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the specialty retailer to purchase up to 17.8% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its shares are undervalued.

Insider Buying and Selling at Etsy

In related news, insider Toni Thompson Nadal sold 1,443 shares of the business’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. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, insider Toni Thompson Nadal sold 1,443 shares of the company’s stock in a transaction that occurred on Thursday, October 3rd. The stock was sold at an average price of $51.11, for a total transaction of $73,751.73. Following the completion of the transaction, the insider now directly owns 592 shares of the company’s stock, valued at approximately $30,257.12. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Nicholas Daniel sold 750 shares of the firm’s 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 completion of the sale, the insider now owns 18,083 shares in the company, valued at $1,001,798.20. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 4,619 shares of company stock worth $240,825 in the last ninety days. 2.60% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Marshall Wace LLP raised its stake in shares of Etsy by 304.2% in the 2nd quarter. Marshall Wace LLP now owns 1,402,216 shares of the specialty retailer’s stock worth $82,703,000 after buying an additional 1,055,296 shares in the last quarter. Renaissance Technologies LLC lifted its position in shares of Etsy by 21.1% in the 2nd quarter. Renaissance Technologies LLC now owns 4,215,370 shares of the specialty retailer’s stock valued at $248,623,000 after acquiring an additional 734,200 shares in the last quarter. Van ECK Associates Corp boosted its stake in Etsy by 14.3% in the 2nd quarter. Van ECK Associates Corp now owns 5,764,064 shares of the specialty retailer’s stock worth $339,964,000 after purchasing an additional 721,454 shares during the period. Pacer Advisors Inc. grew its position in Etsy by 52.3% during the 2nd quarter. Pacer Advisors Inc. now owns 2,100,284 shares of the specialty retailer’s stock worth $123,875,000 after purchasing an additional 721,453 shares in the last quarter. Finally, AQR Capital Management LLC boosted its position in shares of Etsy by 76.2% in the second quarter. AQR Capital Management LLC now owns 1,196,932 shares of the specialty retailer’s stock worth $69,685,000 after buying an additional 517,480 shares during the period. Institutional investors own 99.53% 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.