Cantor Fitzgerald Has Negative View of Etsy FY2026 Earnings

Etsy, Inc. (NASDAQ:ETSY) – Stock analysts at Cantor Fitzgerald reduced their FY2026 EPS estimates for Etsy in a research report issued on Thursday, July 31st. Cantor Fitzgerald analyst D. Mathivanan now anticipates that the specialty retailer will post earnings of $2.63 per share for the year, down from their prior estimate of $2.88. Cantor Fitzgerald currently has a “Neutral” rating and a $64.00 price target on the stock. The consensus estimate for Etsy’s current full-year earnings is $2.57 per share.

Etsy (NASDAQ:ETSY) last released its quarterly earnings data on Wednesday, July 30th. The specialty retailer reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.29). Etsy had a net margin of 5.78% and a negative return on equity of 31.10%. The company had revenue of $672.66 million during the quarter, compared to analyst estimates of $645.16 million. During the same quarter in the prior year, the company earned $0.41 EPS. The business’s revenue was up 3.8% on a year-over-year basis.

ETSY has been the subject of several other research reports. Wells Fargo & Company upped their price objective on shares of Etsy from $41.00 to $57.00 and gave the company an “underweight” rating in a research note on Thursday. Canaccord Genuity Group set a $76.00 price objective on shares of Etsy in a research note on Wednesday. Raymond James Financial upped their price objective on shares of Etsy from $50.00 to $70.00 and gave the company an “outperform” rating in a research note on Tuesday, July 22nd. Truist Financial upped their target price on shares of Etsy from $55.00 to $60.00 and gave the company a “buy” rating in a report on Tuesday, June 17th. Finally, Citigroup reduced their target price on shares of Etsy from $53.00 to $48.00 and set a “neutral” rating for the company in a report on Friday, April 25th. Five equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $56.76.

Etsy Price Performance

NASDAQ ETSY opened at $58.77 on Friday. Etsy has a 1 year low of $40.05 and a 1 year high of $68.45. The company has a market capitalization of $5.82 billion, a PE ratio of 47.40, a P/E/G ratio of 3.18 and a beta of 1.73. The company has a fifty day moving average of $56.91 and a two-hundred day moving average of $51.44.

Insider Activity

In related news, CEO Josh Silverman sold 151,666 shares of the stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $57.68, for a total transaction of $8,748,094.88. Following the completion of the transaction, the chief executive officer directly owned 107,809 shares of the company’s stock, valued at $6,218,423.12. This represents a 58.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Nicholas Daniel sold 1,500 shares of the stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $51.36, for a total transaction of $77,040.00. Following the transaction, the insider directly owned 34,683 shares of the company’s stock, valued at $1,781,318.88. This represents a 4.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 326,041 shares of company stock valued at $19,664,717. Company insiders own 2.80% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Boyd Watterson Asset Management LLC OH increased its holdings in Etsy by 666.7% in the second quarter. Boyd Watterson Asset Management LLC OH now owns 5,750 shares of the specialty retailer’s stock valued at $288,000 after buying an additional 5,000 shares in the last quarter. SYM FINANCIAL Corp increased its holdings in Etsy by 20.2% in the second quarter. SYM FINANCIAL Corp now owns 5,271 shares of the specialty retailer’s stock valued at $264,000 after buying an additional 885 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new position in Etsy in the second quarter valued at about $8,671,000. Brighton Jones LLC purchased a new position in Etsy in the second quarter valued at about $770,000. Finally, Sumitomo Mitsui Trust Group Inc. increased its holdings in Etsy by 155.7% in the second quarter. Sumitomo Mitsui Trust Group Inc. now owns 14,680 shares of the specialty retailer’s stock valued at $736,000 after buying an additional 8,940 shares in the last quarter. 99.53% of the stock is owned by hedge funds and other institutional investors.

About Etsy

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.