Etsy (NASDAQ:ETSY) Given New $47.00 Price Target at Cantor Fitzgerald

Etsy (NASDAQ:ETSY) had its price target boosted by analysts at Cantor Fitzgerald from $42.00 to $47.00 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has a “neutral” rating on the specialty retailer’s stock. Cantor Fitzgerald’s price target indicates a potential upside of 6.09% from the stock’s previous close. Cantor Fitzgerald also issued estimates for Etsy’s FY2025 earnings at $2.49 EPS.

Several other equities analysts also recently commented on the company. Evercore ISI dropped their target price on Etsy from $60.00 to $54.00 and set an “outperform” rating for the company in a research report on Thursday. B. Riley reduced their target price on shares of Etsy from $62.00 to $55.00 and set a “buy” rating on the stock in a report on Thursday. UBS Group dropped their price target on shares of Etsy from $46.00 to $45.00 and set a “neutral” rating for the company in a research note on Thursday. Barclays reduced their price objective on shares of Etsy from $55.00 to $53.00 and set an “equal weight” rating on the stock in a research note on Wednesday. Finally, JPMorgan Chase & Co. lowered their target price on Etsy from $50.00 to $42.00 and set a “neutral” rating for the company in a research report on Tuesday, April 8th. Four equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $50.14.

Etsy Trading Up 4.2 %

Shares of NASDAQ ETSY opened at $44.30 on Thursday. The company has a market cap of $4.66 billion, a price-to-earnings ratio of 18.69, a PEG ratio of 2.57 and a beta of 2.15. Etsy has a 12 month low of $40.05 and a 12 month high of $66.93. The stock has a 50-day moving average price of $45.88 and a two-hundred day moving average price of $51.11.

Etsy (NASDAQ:ETSY) last issued its quarterly earnings data on Wednesday, April 30th. The specialty retailer reported $0.46 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.04). The company had revenue of $651.18 million during the quarter, compared to the consensus estimate of $642.22 million. Etsy had a net margin of 10.80% and a negative return on equity of 46.62%. Etsy’s revenue for the quarter was up .8% on a year-over-year basis. During the same period in the previous year, the company earned $0.48 EPS. On average, sell-side analysts predict that Etsy will post 2.57 earnings per share for the current year.

Insider Activity at Etsy

In other news, insider Toni Thompson Nadal sold 1,444 shares of the stock in a transaction that occurred on Thursday, April 3rd. The stock was sold at an average price of $48.30, for a total value of $69,745.20. Following the completion of the sale, the insider now directly owns 592 shares of the company’s stock, valued at $28,593.60. This represents a 70.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Nicholas Daniel sold 1,500 shares of Etsy stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $55.34, for a total value of $83,010.00. Following the transaction, the insider now directly owns 22,198 shares in the company, valued at approximately $1,228,437.32. The trade was a 6.33 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 50,952 shares of company stock valued at $2,554,620. 2.60% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ETSY. Lindbrook Capital LLC lifted its position in shares of Etsy by 55.7% during the 4th quarter. Lindbrook Capital LLC now owns 506 shares of the specialty retailer’s stock worth $27,000 after buying an additional 181 shares in the last quarter. True Wealth Design LLC grew its position in shares of 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 acquiring an additional 292 shares during the period. Hurley Capital LLC bought a new position in shares of Etsy during the 4th quarter valued at approximately $32,000. Strategic Investment Solutions Inc. IL bought a new stake in shares of Etsy in the 4th quarter worth approximately $34,000. Finally, Summit Securities Group LLC purchased a new position in Etsy in the fourth quarter valued at approximately $37,000. 99.53% of the stock is currently owned by hedge funds and other institutional investors.

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.