B. Riley Comments on Etsy’s Q1 Earnings (NASDAQ:ETSY)

Etsy, Inc. (NASDAQ:ETSY) – Equities researchers at B. Riley boosted their Q1 2025 earnings per share (EPS) estimates for Etsy in a report issued on Wednesday, February 19th. B. Riley analyst N. Khan now forecasts that the specialty retailer will post earnings per share of $0.71 for the quarter, up from their previous forecast of $0.45. The consensus estimate for Etsy’s current full-year earnings is $2.57 per share. B. Riley also issued estimates for Etsy’s Q2 2025 earnings at $0.82 EPS, Q3 2025 earnings at $0.79 EPS, Q4 2025 earnings at $1.37 EPS, FY2025 earnings at $3.69 EPS, FY2026 earnings at $4.51 EPS, FY2027 earnings at $5.58 EPS, FY2028 earnings at $6.84 EPS and FY2029 earnings at $8.36 EPS.

ETSY has been the topic of several other reports. Cantor Fitzgerald dropped their price objective on Etsy from $46.00 to $43.00 and set a “neutral” rating on the stock in a research report on Thursday, February 20th. Jefferies Financial Group raised Etsy from an “underperform” rating to a “hold” rating and increased their target price for the company from $45.00 to $55.00 in a report on Monday, January 13th. UBS Group lowered their target price on Etsy from $55.00 to $54.00 and set a “neutral” rating on the stock in a report on Thursday, February 20th. Barclays lowered their target price on Etsy from $60.00 to $55.00 and set an “equal weight” rating on the stock in a report on Thursday, October 31st. Finally, JMP Securities reissued a “market perform” rating on shares of Etsy in a report on Monday, December 16th. Four analysts have rated the stock with a sell rating, fourteen have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $58.78.

Etsy Price Performance

Etsy stock opened at $53.13 on Monday. Etsy has a one year low of $47.10 and a one year high of $74.46. The stock has a market capitalization of $5.69 billion, a PE ratio of 22.42, a price-to-earnings-growth ratio of 2.57 and a beta of 2.00. The business’s fifty day moving average is $54.10 and its 200 day moving average is $53.76.

Etsy (NASDAQ:ETSY) last released its quarterly earnings data on Wednesday, February 19th. The specialty retailer reported $1.03 EPS for the quarter, beating the consensus estimate of $0.95 by $0.08. Etsy had a negative return on equity of 46.62% and a net margin of 10.80%. The company had revenue of $852.16 million for the quarter, compared to analysts’ expectations of $861.37 million. During the same period last year, the firm posted $0.62 earnings per share. Etsy’s revenue was up 1.2% compared to the same quarter last year.

Institutional Trading of Etsy

Institutional investors have recently made changes to their positions in the business. Blue Trust Inc. grew its position in shares of Etsy by 106.5% during the third quarter. Blue Trust Inc. now owns 448 shares of the specialty retailer’s stock worth $26,000 after purchasing an additional 231 shares in the last quarter. Lindbrook Capital LLC grew its holdings in Etsy by 55.7% during the 4th quarter. Lindbrook Capital LLC now owns 506 shares of the specialty retailer’s stock valued at $27,000 after buying an additional 181 shares in the last quarter. True Wealth Design LLC grew its holdings in Etsy by 112.7% during the 4th quarter. True Wealth Design LLC now owns 551 shares of the specialty retailer’s stock valued at $29,000 after buying an additional 292 shares in the last quarter. Hurley Capital LLC purchased a new position in Etsy during the 4th quarter valued at approximately $32,000. Finally, Strategic Investment Solutions Inc. IL purchased a new position in Etsy during the 4th quarter valued at approximately $34,000. Hedge funds and other institutional investors own 99.53% of the company’s stock.

Insider Buying and Selling

In related news, insider Nicholas Daniel sold 1,500 shares of the stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $55.34, for a total transaction of $83,010.00. Following the completion of the sale, the insider now owns 22,198 shares in the company, valued at approximately $1,228,437.32. This trade represents a 6.33 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.60% of the stock is currently owned by company insiders.

Etsy declared that its board has authorized a stock repurchase plan on Wednesday, October 30th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the specialty retailer to buy up to 17.8% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board of directors believes its stock is undervalued.

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.