Cantor Fitzgerald Comments on Etsy FY2025 Earnings

Etsy, Inc. (NASDAQ:ETSY) – Research analysts at Cantor Fitzgerald issued their FY2025 earnings per share estimates for shares of Etsy in a report issued on Tuesday, January 21st. Cantor Fitzgerald analyst D. Mathivanan forecasts that the specialty retailer will earn $2.66 per share for the year. Cantor Fitzgerald currently has a “Neutral” rating and a $50.00 target price on the stock. The consensus estimate for Etsy’s current full-year earnings is $2.26 per share.

Etsy (NASDAQ:ETSY) last announced its quarterly earnings results on Wednesday, October 30th. The specialty retailer reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.09). The business had revenue of $662.40 million during the quarter, compared to the consensus estimate of $652.47 million. Etsy had a negative return on equity of 46.79% and a net margin of 9.17%. The firm’s revenue was up 4.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.64 earnings per share.

A number of other research firms also recently issued reports on ETSY. UBS Group lowered their price objective on shares of Etsy from $65.00 to $58.00 and set a “neutral” rating on the stock in a report on Tuesday, October 15th. Raymond James cut their price target on shares of Etsy from $72.00 to $65.00 and set an “outperform” rating for the company in a research note on Wednesday, October 23rd. JMP Securities reissued a “market perform” rating on shares of Etsy in a research report on Monday, December 16th. The Goldman Sachs Group downgraded Etsy from a “neutral” rating to a “sell” rating and cut their price target for the company from $70.00 to $45.00 in a report on Tuesday, October 15th. Finally, Bank of America cut their price objective on shares of Etsy from $61.00 to $58.00 and set a “neutral” rating for the company in a research report on Thursday, October 24th. Four analysts have rated the stock with a sell rating, fourteen have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $62.54.

Etsy Trading Up 1.6 %

Shares of NASDAQ ETSY opened at $53.09 on Wednesday. The firm has a market cap of $5.97 billion, a PE ratio of 27.09, a PEG ratio of 2.89 and a beta of 1.99. Etsy has a 1-year low of $47.10 and a 1-year high of $80.30. The company has a fifty day moving average price of $54.77 and a 200 day moving average price of $54.74.

Etsy declared that its Board of Directors has initiated a stock buyback program on Wednesday, October 30th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the specialty retailer to purchase up to 17.8% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its shares are undervalued.

Insider Activity

In other Etsy news, insider Nicholas Daniel sold 750 shares of the stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $52.50, for a total value of $39,375.00. Following the completion of the transaction, the insider now directly owns 24,371 shares in the company, valued at approximately $1,279,477.50. This trade represents a 2.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.60% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in ETSY. Pacer Advisors Inc. grew its stake in shares of Etsy by 183.9% in the third quarter. Pacer Advisors Inc. now owns 5,961,952 shares of the specialty retailer’s stock worth $331,067,000 after purchasing an additional 3,861,668 shares during the last quarter. Assenagon Asset Management S.A. raised its stake in 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 worth $78,827,000 after buying an additional 850,520 shares during the last quarter. Marshall Wace LLP raised its position in shares of Etsy by 304.2% in the 2nd quarter. Marshall Wace LLP now owns 1,402,216 shares of the specialty retailer’s stock worth $82,703,000 after acquiring an additional 1,055,296 shares in the last quarter. AQR Capital Management LLC boosted its position in shares of Etsy by 76.2% during the 2nd quarter. AQR Capital Management LLC now owns 1,196,932 shares of the specialty retailer’s stock valued at $69,685,000 after purchasing an additional 517,480 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Etsy during the 3rd quarter worth approximately $55,530,000. Institutional investors 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.