Etsy (ETSY) Set to Announce Quarterly Earnings on Wednesday

Etsy (NASDAQ:ETSY) will be announcing its earnings results after the market closes on Wednesday, May 1st. Analysts expect the company to announce earnings of $0.49 per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

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

Etsy Stock Performance

Shares of ETSY stock opened at $68.35 on Wednesday. The company has a market capitalization of $8.10 billion, a P/E ratio of 30.51, a price-to-earnings-growth ratio of 4.64 and a beta of 2.01. The company’s 50 day moving average price is $69.30 and its two-hundred day moving average price is $71.53. Etsy has a 52 week low of $58.20 and a 52 week high of $103.25.

Insiders Place Their Bets

In other Etsy news, insider Nicholas Daniel sold 1,500 shares of Etsy stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $71.82, for a total transaction of $107,730.00. Following the completion of the transaction, the insider now directly owns 13,138 shares of the company’s stock, valued at $943,571.16. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, insider Nicholas Daniel sold 1,500 shares of the business’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $71.82, for a total value of $107,730.00. Following the completion of the sale, the insider now owns 13,138 shares of the company’s stock, valued at $943,571.16. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Josh Silverman sold 63,047 shares of the business’s stock in a transaction dated 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 completion of the sale, the chief executive officer now directly owns 23,140 shares of the company’s stock, valued at approximately $1,677,650. The disclosure for this sale can be found here. Insiders sold a total of 66,968 shares of company stock valued at $4,836,827 over the last ninety days. 2.60% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several analysts have commented on ETSY shares. BTIG Research dropped their target price on shares of Etsy from $90.00 to $87.00 and set a “buy” rating on the stock in a report on Thursday, February 22nd. Evercore ISI dropped their target price on shares of Etsy from $95.00 to $90.00 and set an “outperform” rating on the stock in a report on Thursday, February 22nd. Morgan Stanley reiterated an “underweight” rating and issued a $55.00 price objective (down from $65.00) on shares of Etsy in a report on Thursday, April 18th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Etsy from $80.00 to $65.00 and set a “hold” rating on the stock in a report on Wednesday, April 10th. Finally, Truist Financial lowered their price objective on shares of Etsy from $87.00 to $85.00 and set a “buy” rating on the stock in a report on Thursday, February 22nd. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $84.88.

About Etsy

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.