Etsy (ETSY) Scheduled to Post Quarterly Earnings on Wednesday

Etsy (NASDAQ:ETSY) is set to announce its earnings results after the market closes on Wednesday, May 1st. Analysts expect Etsy to post earnings of $0.49 per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

Etsy (NASDAQ:ETSY) last released its quarterly earnings data on Wednesday, February 21st. The specialty retailer reported $0.78 EPS for the quarter, hitting the consensus estimate of $0.78. The business had revenue of $842.32 million for the quarter, compared to analyst estimates of $827.40 million. Etsy had a negative return on equity of 70.75% and a net margin of 11.19%. On average, analysts expect Etsy to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Etsy Price Performance

Shares of NASDAQ:ETSY opened at $67.43 on Monday. The business’s 50 day moving average price is $68.72 and its 200-day moving average price is $71.60. Etsy has a 1 year low of $58.20 and a 1 year high of $102.81. The firm has a market capitalization of $7.89 billion, a price-to-earnings ratio of 30.10, a price-to-earnings-growth ratio of 4.69 and a beta of 2.01.

Insider Buying and Selling

In other news, CEO Josh Silverman sold 63,047 shares of the business’s stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $72.50, for a total transaction of $4,570,907.50. Following the sale, the chief executive officer now owns 23,140 shares in the company, valued at $1,677,650. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Josh Silverman sold 63,047 shares of the business’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $72.50, for a total transaction of $4,570,907.50. Following the completion of the transaction, the chief executive officer now owns 23,140 shares of the company’s stock, valued at approximately $1,677,650. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Merilee Buckley sold 1,671 shares of Etsy stock in a transaction dated Wednesday, April 3rd. The stock was sold at an average price of $65.04, for a total value of $108,681.84. Following the sale, the chief accounting officer now directly owns 2,827 shares in the company, valued at $183,868.08. The disclosure for this sale can be found here. Insiders sold 66,968 shares of company stock valued at $4,836,827 over the last 90 days. 2.60% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

ETSY has been the subject of a number of recent research reports. BTIG Research decreased their price target on shares of Etsy from $90.00 to $87.00 and set a “buy” rating for the company in a research note on Thursday, February 22nd. Piper Sandler raised their price objective on shares of Etsy from $90.00 to $103.00 and gave the company an “overweight” rating in a research report on Thursday, February 22nd. Barclays boosted their price target on Etsy from $63.00 to $67.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 22nd. Wells Fargo & Company dropped their price objective on Etsy from $62.00 to $60.00 and set an “underweight” rating for the company in a research note on Thursday, April 4th. Finally, Morgan Stanley reissued an “underweight” rating and issued a $55.00 price objective (down from $65.00) on shares of Etsy in a research note on Thursday, April 18th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $84.46.

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.