B. Riley Issues Pessimistic Forecast for Etsy Earnings

Etsy, Inc. (NASDAQ:ETSY) – Equities researchers at B. Riley reduced their Q2 2025 EPS estimates for shares of Etsy in a research note issued on Thursday, May 1st. B. Riley analyst N. Khan now forecasts that the specialty retailer will post earnings of $0.69 per share for the quarter, down from their previous forecast of $0.82. B. Riley has a “Buy” rating and a $55.00 price objective on the stock. The consensus estimate for Etsy’s current full-year earnings is $2.57 per share. B. Riley also issued estimates for Etsy’s Q3 2025 earnings at $0.72 EPS, Q4 2025 earnings at $1.40 EPS, FY2025 earnings at $3.39 EPS, FY2026 earnings at $4.07 EPS, FY2027 earnings at $4.77 EPS, FY2028 earnings at $5.63 EPS and FY2029 earnings at $6.65 EPS.

Several other research analysts have also recently issued reports on the stock. Bank of America lowered their target price on shares of Etsy from $55.00 to $50.00 and set a “neutral” rating for the company in a report on Tuesday, April 8th. The Goldman Sachs Group decreased their target price on Etsy from $35.00 to $31.00 and set a “sell” rating for the company in a research report on Thursday, May 1st. Deutsche Bank Aktiengesellschaft set a $40.00 price target on Etsy and gave the stock a “hold” rating in a research report on Monday, April 14th. Needham & Company LLC reissued a “buy” rating and issued a $60.00 price objective on shares of Etsy in a report on Wednesday, April 30th. Finally, Stifel Nicolaus lowered their target price on shares of Etsy from $51.00 to $45.00 and set a “hold” rating on the stock in a research report on Wednesday, April 23rd. Four analysts have rated the stock with a sell rating, fifteen have given a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $50.14.

Etsy Stock Performance

ETSY opened at $45.08 on Monday. Etsy has a one year low of $40.05 and a one year high of $66.93. The company has a market cap of $4.70 billion, a P/E ratio of 19.02, a PEG ratio of 2.57 and a beta of 1.78. The business’s 50-day simple moving average is $45.75 and its 200-day simple moving average is $51.05.

Etsy (NASDAQ:ETSY) last issued its earnings results on Wednesday, April 30th. The specialty retailer reported $0.46 EPS for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.04). The firm had revenue of $651.18 million for the quarter, compared to analyst estimates of $642.22 million. Etsy had a negative return on equity of 46.62% and a net margin of 10.80%. The business’s revenue for the quarter was up .8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.48 EPS.

Insider Activity at Etsy

In other news, CEO Josh Silverman sold 21,666 shares of the stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $52.05, for a total transaction of $1,127,715.30. Following the transaction, the chief executive officer now directly owns 5,004 shares in the company, valued at $260,458.20. This represents a 81.24 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Toni Thompson Nadal sold 1,444 shares of the company’s stock in a transaction that occurred on Thursday, April 3rd. The stock was sold at an average price of $48.30, for a total transaction of $69,745.20. Following the transaction, the insider now directly owns 592 shares of the company’s stock, valued at $28,593.60. This trade represents a 70.92 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 72,618 shares of company stock worth $3,469,803 over the last 90 days. Company insiders own 2.60% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in Etsy by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 12,309,622 shares of the specialty retailer’s stock worth $651,056,000 after acquiring an additional 56,772 shares during the last quarter. Renaissance Technologies LLC raised its holdings in Etsy by 4.5% in the fourth quarter. Renaissance Technologies LLC now owns 5,421,641 shares of the specialty retailer’s stock valued at $286,751,000 after buying an additional 235,550 shares during the period. Van ECK Associates Corp lifted its position in Etsy by 17.4% during the fourth quarter. Van ECK Associates Corp now owns 3,527,742 shares of the specialty retailer’s stock valued at $186,583,000 after buying an additional 522,111 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in Etsy by 36.0% during the first quarter. Assenagon Asset Management S.A. now owns 2,026,263 shares of the specialty retailer’s stock worth $95,599,000 after buying an additional 535,864 shares during the period. Finally, DAVENPORT & Co LLC increased its position in shares of Etsy by 12.1% in the fourth quarter. DAVENPORT & Co LLC now owns 1,748,008 shares of the specialty retailer’s stock worth $92,452,000 after acquiring an additional 188,386 shares in the last quarter. 99.53% of the stock is owned by hedge funds and other institutional investors.

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.