Wedbush Issues Pessimistic Estimate for Etsy Earnings

Etsy, Inc. (NASDAQ:ETSY) – Investment analysts at Wedbush cut their Q4 2025 earnings per share (EPS) estimates for Etsy in a research note issued on Wednesday, October 29th. Wedbush analyst S. Devitt now expects that the specialty retailer will post earnings of $0.77 per share for the quarter, down from their previous forecast of $0.91. The consensus estimate for Etsy’s current full-year earnings is $2.57 per share.

Several other research firms have also commented on ETSY. Stifel Nicolaus lifted their price target on Etsy from $45.00 to $66.00 and gave the stock a “hold” rating in a research report on Tuesday, July 29th. Canaccord Genuity Group lifted their price target on Etsy from $76.00 to $80.00 and gave the stock a “buy” rating in a research report on Thursday. UBS Group lifted their price target on Etsy from $67.00 to $75.00 and gave the stock a “neutral” rating in a research report on Monday, October 20th. Truist Financial boosted their target price on Etsy from $75.00 to $80.00 and gave the company a “buy” rating in a report on Wednesday. Finally, Needham & Company LLC boosted their target price on Etsy from $72.00 to $76.00 and gave the company a “buy” rating in a report on Thursday. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, nineteen have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, Etsy has a consensus rating of “Hold” and an average target price of $64.24.

Etsy Stock Down 0.1%

ETSY opened at $61.89 on Friday. The firm has a market cap of $6.13 billion, a price-to-earnings ratio of 49.91, a price-to-earnings-growth ratio of 10.65 and a beta of 1.85. Etsy has a 52 week low of $40.05 and a 52 week high of $76.51. The business’s 50 day moving average is $64.40 and its two-hundred day moving average is $57.98.

Etsy (NASDAQ:ETSY) last released its quarterly earnings results on Wednesday, October 29th. The specialty retailer reported $0.63 EPS for the quarter, topping the consensus estimate of $0.57 by $0.06. The company had revenue of $678.03 million for the quarter, compared to analyst estimates of $655.83 million. Etsy had a negative return on equity of 31.10% and a net margin of 5.78%.The firm’s revenue was up 2.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.45 earnings per share.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Holocene Advisors LP grew its holdings in Etsy by 697.4% during the second quarter. Holocene Advisors LP now owns 5,343,797 shares of the specialty retailer’s stock worth $268,045,000 after acquiring an additional 4,673,615 shares during the period. AQR Capital Management LLC grew its holdings in Etsy by 423.7% during the first quarter. AQR Capital Management LLC now owns 4,658,225 shares of the specialty retailer’s stock worth $218,890,000 after acquiring an additional 3,768,787 shares during the period. Arrowstreet Capital Limited Partnership boosted its position in Etsy by 62.3% during the second quarter. Arrowstreet Capital Limited Partnership now owns 3,692,134 shares of the specialty retailer’s stock worth $185,197,000 after purchasing an additional 1,416,772 shares in the last quarter. Acadian Asset Management LLC boosted its position in Etsy by 112.8% during the first quarter. Acadian Asset Management LLC now owns 2,803,956 shares of the specialty retailer’s stock worth $132,273,000 after purchasing an additional 1,486,142 shares in the last quarter. Finally, Assenagon Asset Management S.A. boosted its position in Etsy by 37.6% during the third quarter. Assenagon Asset Management S.A. now owns 1,552,308 shares of the specialty retailer’s stock worth $103,058,000 after purchasing an additional 424,461 shares in the last quarter. Institutional investors and hedge funds own 99.53% of the company’s stock.

Insider Activity

In related news, insider Goyal Kruti Patel sold 11,944 shares of the company’s stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $59.31, for a total transaction of $708,398.64. Following the transaction, the insider owned 47,529 shares of the company’s stock, valued at $2,818,944.99. This represents a 20.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Charles Andrew Ballard sold 2,400 shares of the company’s stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $62.42, for a total value of $149,808.00. Following the transaction, the director directly owned 5,796 shares in the company, valued at $361,786.32. This represents a 29.28% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 372,592 shares of company stock valued at $24,594,707 over the last three months. 2.80% of the stock is currently owned by corporate insiders.

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.