Cantor Fitzgerald Decreases Earnings Estimates for Etsy

Etsy, Inc. (NASDAQ:ETSY) – Research analysts at Cantor Fitzgerald reduced their FY2025 earnings per share estimates for Etsy in a report issued on Thursday, February 20th. Cantor Fitzgerald analyst D. Mathivanan now expects that the specialty retailer will earn $2.59 per share for the year, down from their prior forecast of $2.66. Cantor Fitzgerald has a “Neutral” rating and a $43.00 price target on the stock. The consensus estimate for Etsy’s current full-year earnings is $2.60 per share.

Etsy (NASDAQ:ETSY) last posted its quarterly earnings data 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. The business had revenue of $852.16 million during the quarter, compared to the consensus estimate of $861.37 million. Etsy had a negative return on equity of 46.62% and a net margin of 10.80%. The company’s revenue was up 1.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.62 earnings per share.

Several other research firms also recently weighed in on ETSY. Wells Fargo & Company increased their price objective on Etsy from $44.00 to $47.00 and gave the company an “underweight” rating in a report on Thursday. Deutsche Bank Aktiengesellschaft downgraded Etsy to a “hold” rating and decreased their price objective for the company from $45.00 to $43.00 in a report on Wednesday, February 12th. UBS Group decreased their price objective on Etsy from $55.00 to $54.00 and set a “neutral” rating for the company in a report on Thursday. Morgan Stanley decreased their price objective on Etsy from $45.00 to $44.00 and set an “underweight” rating for the company in a report on Thursday. Finally, Needham & Company LLC restated a “buy” rating and set a $60.00 price target on shares of Etsy in a research note on Thursday. Four equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $60.08.

Etsy Trading Down 0.3 %

ETSY stock opened at $51.40 on Friday. The company has a market capitalization of $5.78 billion, a P/E ratio of 21.69, a PEG ratio of 2.55 and a beta of 2.00. Etsy has a twelve month low of $47.10 and a twelve month high of $78.65. The business has a 50 day simple moving average of $54.58 and a 200-day simple moving average of $53.81.

Etsy announced that its board has approved a share repurchase plan on Wednesday, October 30th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the specialty retailer to buy up to 17.8% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.

Insider Activity

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 value of $83,010.00. Following the completion of the transaction, the insider now 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 sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 2.60% of the company’s stock.

Institutional Trading of Etsy

A number of large investors have recently made changes to their positions in ETSY. Pacer Advisors Inc. boosted its stake in shares of Etsy by 183.9% during the third quarter. Pacer Advisors Inc. now owns 5,961,952 shares of the specialty retailer’s stock valued at $331,067,000 after acquiring an additional 3,861,668 shares during the last quarter. Norges Bank acquired a new stake in shares of Etsy during the fourth quarter valued at $74,235,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Etsy during the third quarter valued at $55,530,000. Holocene Advisors LP acquired a new stake in shares of Etsy during the third quarter valued at $49,061,000. Finally, Assenagon Asset Management S.A. boosted its stake in shares of Etsy by 132.9% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,490,399 shares of the specialty retailer’s stock valued at $78,827,000 after acquiring an additional 850,520 shares during the last quarter. Institutional investors and hedge funds 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.