View ValuationEtsy 将来の成長Future 基準チェック /26Etsy利益と収益がそれぞれ年間13.2%と2.9%増加すると予測されています。EPS は年間 増加すると予想されています。自己資本利益率は 3 年後に213.8% 14.3%なると予測されています。主要情報13.2%収益成長率14.27%EPS成長率Multiline Retail 収益成長16.4%収益成長率2.9%将来の株主資本利益率213.76%アナリストカバレッジGood最終更新日05 May 2026今後の成長に関する最新情報Major Estimate Revision • Apr 29Consensus EPS estimates increase by 12%The consensus outlook for earnings per share (EPS) in fiscal year 2026 has improved. 2026 revenue forecast increased from US$2.72b to US$2.78b. EPS estimate increased from US$3.10 to US$3.46 per share. Net income forecast to grow 156% next year vs 14% growth forecast for Multiline Retail industry in the US. Consensus price target up from US$62.41 to US$64.58. Share price rose 5.4% to US$69.60 over the past week.Major Estimate Revision • Feb 19Consensus EPS estimates increase by 28%, revenue downgradedThe consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast fell from US$2.97b to US$2.81b. EPS estimate rose from US$2.52 to US$3.24. Net income forecast to grow 69% next year vs 12% growth forecast for Multiline Retail industry in the US. Consensus price target broadly unchanged at US$64.74. Share price rose 4.1% to US$48.14 over the past week.Major Estimate Revision • Jul 30Consensus EPS estimates fall by 27%, revenue upgradedThe consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from US$2.78b to US$2.83b. EPS estimate fell from US$1.74 to US$1.27 per share. Net income forecast to grow 15% next year vs 2.2% growth forecast for Multiline Retail industry in the US. Consensus price target up from US$56.21 to US$58.15. Share price was steady at US$61.98 over the past week.Price Target Changed • May 23Price target decreased by 8.1% to US$50.34Down from US$54.77, the current price target is an average from 28 analysts. New target price is 5.8% above last closing price of US$47.60. Stock is down 21% over the past year. The company is forecast to post earnings per share of US$1.77 for next year compared to US$2.64 last year.すべての更新を表示Recent updatesNew Risk • May 07New minor risk - Insider sellingThere has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: US$540k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risk Negative equity (-US$1.1b). Minor Risks Significant insider selling over the past 3 months (US$540k sold).ライブニュース • May 05Etsy Posts Q1 Growth With US$1.2b Depop Sale and New Fur Policy Drawing AttentionEtsy reported Q1 2026 GMS on its core marketplace up 5.5% year over year, with services revenue up 10.5% and net income from continuing operations at US$104.7m, compared with a loss of US$35.1m a year earlier. The company plans to complete the US$1.2b sale of its Depop resale platform to eBay by the end of Q3 2026, with proceeds earmarked for share repurchases and organic growth investments. A new fur ban intended to support biodiversity has raised concerns from Alaska Native artists, who argue the policy could discriminate against Indigenous sellers and affect culturally important products. For investors, the latest quarter shows Etsy leaning into its core marketplace with a focus on AI-driven product discovery, mobile engagement, and increased advertising services. Management reiterated an outlook for low single-digit GMS growth for the full year in what it describes as a stable macro backdrop, framing recent results as part of a push toward sustainable marketplace growth rather than aggressive expansion at any cost. The planned Depop divestiture simplifies the business and creates liquidity for buybacks and internal investments, which can affect both capital allocation and Etsy’s risk profile. At the same time, the fur policy debate highlights a key operational risk: changes intended to reflect environmental priorities can create friction with parts of the seller community. How Etsy balances policy decisions with seller inclusion and buyer expectations will likely remain an important factor in marketplace health and brand perception.ナラティブ更新 • May 04ETSY: Depop Sale And Buybacks Will Support Core Marketplace FocusEtsy's analyst price target has been raised from $61.96 to $71.72 as analysts factor in updated assumptions around revenue growth, profit margins and a slightly lower discount rate. This change is supported by recent research that highlights progress in core marketplace initiatives and the planned Depop divestiture.Reported Earnings • Apr 30First quarter 2026 earnings: EPS misses analyst expectationsFirst quarter 2026 results: EPS: US$1.09 (up from US$0.33 loss in 1Q 2025). Revenue: US$631.3m (up 3.1% from 1Q 2025). Net income: US$104.7m (up US$139.7m from 1Q 2025). Profit margin: 17% (up from net loss in 1Q 2025). The move to profitability was primarily driven by lower expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 3.8%. Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Multiline Retail industry in the US. Over the last 3 years on average, earnings per share has increased by 64% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings.Seeking Alpha • Apr 30Etsy: A Simplified Business Sees A Strong Start To 2026Summary Etsy has streamlined operations by divesting Depop and Reverb, focusing on its core platform with improving fundamentals. Q1 revenue from continuing operations rose 7% to $631 million, with adjusted EBITDA margins exceeding 29% and GMS up over 5%. Forward guidance calls for low-single-digit GMS growth, stable take rates, and 28–30% EBITDA margins, supporting potential earnings near $4 per share. Recent share buybacks and a 30% rally reflect renewed confidence, yet valuation remains reasonable given solid earnings power and capital allocation discipline. Read the full article on Seeking AlphaMajor Estimate Revision • Apr 29Consensus EPS estimates increase by 12%The consensus outlook for earnings per share (EPS) in fiscal year 2026 has improved. 2026 revenue forecast increased from US$2.72b to US$2.78b. EPS estimate increased from US$3.10 to US$3.46 per share. Net income forecast to grow 156% next year vs 14% growth forecast for Multiline Retail industry in the US. Consensus price target up from US$62.41 to US$64.58. Share price rose 5.4% to US$69.60 over the past week.お知らせ • Apr 21Etsy, Inc., Annual General Meeting, Jun 09, 2026Etsy, Inc., Annual General Meeting, Jun 09, 2026.ナラティブ更新 • Apr 20ETSY: Depop Exit And AI Initiatives Will Support Stronger Marketplace EngagementEtsy's analyst price targets have shifted in a wide range, with some moving up by a few dollars and others cut by $10 to $20, as analysts balance improving marketplace trends, Depop's $1.2b sale, and product and marketing initiatives against concerns about slower Gross Merchandise Sales momentum and sector-wide valuation resets. Analyst Commentary Recent research paints a mixed but generally constructive picture around Etsy, with many price targets adjusted and opinions split between enthusiasm about execution and caution around Gross Merchandise Sales trends and sector valuations.Recent Insider Transactions Derivative • Apr 19Executive Chair notifies of intention to sell stockJoshua Silverman intends to sell 24k shares in the next 90 days after lodging an Intent To Sell Form on the 16th of April. If the sale is conducted around the recent share price of US$59.00, it would amount to US$1.4m. Since June 2025, Joshua's direct individual holding has increased from 281.58k shares to 358.79k. Company insiders have collectively sold US$55m more than they bought, via options and on-market transactions in the last 12 months.Valuation Update With 7 Day Price Move • Apr 17Investor sentiment improves as stock rises 17%After last week's 17% share price gain to US$61.90, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 18x in the Multiline Retail industry in the US. Total loss to shareholders of 39% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$117 per share.お知らせ • Apr 16Etsy, Inc. to Report Q1, 2026 Results on Apr 29, 2026Etsy, Inc. announced that they will report Q1, 2026 results at 9:30 AM, US Eastern Standard Time on Apr 29, 2026Recent Insider Transactions Derivative • Apr 07CEO & Director exercised options and sold US$1.0m worth of stockOn the 1st of April, Kruti Patel Goyal exercised options to acquire 20k shares at no cost and sold these for an average price of US$49.97 per share. This trade did not impact their existing holding. Since September 2025, Kruti's direct individual holding has increased from 84.25k shares to 116.99k. Company insiders have collectively sold US$54m more than they bought, via options and on-market transactions in the last 12 months.ナラティブ更新 • Apr 05ETSY: Depop Sale And AI Discovery Work Will Shape Core Marketplace FutureAnalyst fair value for Etsy edges up by about $0.23 to roughly $61.96 as analysts weigh slightly slower revenue growth and profit margin expectations against the benefits from the $1.2b Depop sale, ongoing product and marketing initiatives, and mixed but generally constructive updates to Street price targets. Analyst Commentary Recent research on Etsy highlights a split view, with some analysts seeing improving execution around core growth and others focusing on lingering risks to Gross Merchandise Sales, or GMS, and profitability.ナラティブ更新 • Mar 22ETSY: Depop Sale And AI Marketplace Focus Will Drive Stronger EngagementNarrative Update: Etsy The updated analyst price target for Etsy shifts slightly to about $78.59. This reflects mixed revisions across the Street as analysts weigh solid Q4 delivery, the planned $1.2b Depop sale, and ongoing efforts in AI driven search, personalization and core marketplace growth.ナラティブ更新 • Mar 07ETSY: AI Initiatives And Depop Exit Will Shape Core Marketplace PathThe analyst price target for Etsy edges slightly lower as analysts weigh steady Q4 results, Q1 guidance calling for modest GMS growth, and the value impact of the proposed $1.2b Depop sale against ongoing questions about the pace of core marketplace reacceleration and sector-wide multiple compression. Analyst Commentary Wall Street is split on Etsy, with price targets moving both higher and lower as analysts balance Q4 execution, Q1 guidance, and the proposed US$1.2b Depop sale against questions about how quickly core marketplace growth can build.ナラティブ更新 • Feb 21ETSY: AI Initiatives And Depop Sale Will Support Core Marketplace RenewalThe analyst price target for Etsy in our model has moved lower to $62.08 from $68.59. This reflects a blend of Street views that highlight steady core marketplace progress, the Depop sale, and ongoing questions around the pace of Gross Merchandise Sales growth and the impact of AI driven product and marketing initiatives.Reported Earnings • Feb 20Full year 2025 earnings: EPS exceeds analyst expectationsFull year 2025 results: EPS: US$1.59 (down from US$2.64 in FY 2024). Revenue: US$2.88b (up 2.7% from FY 2024). Net income: US$163.0m (down 46% from FY 2024). Profit margin: 5.7% (down from 11% in FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 7.2%. Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Multiline Retail industry in the US. Over the last 3 years on average, earnings per share has increased by 78% per year but the company’s share price has fallen by 25% per year, which means it is significantly lagging earnings.Major Estimate Revision • Feb 19Consensus EPS estimates increase by 28%, revenue downgradedThe consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast fell from US$2.97b to US$2.81b. EPS estimate rose from US$2.52 to US$3.24. Net income forecast to grow 69% next year vs 12% growth forecast for Multiline Retail industry in the US. Consensus price target broadly unchanged at US$64.74. Share price rose 4.1% to US$48.14 over the past week.お知らせ • Feb 19eBay Inc. (NasdaqGS:EBAY) entered into a Sale and Purchase Agreement to acquire Depop Limited from Etsy, Inc. (NYSE:ETSY) for approximately $1.2 billion.eBay Inc. (NasdaqGS:EBAY) entered into a Sale and Purchase Agreement to acquire Depop Limited from Etsy, Inc. (NYSE:ETSY) for approximately $1.2 billion on February 15, 2026. As part of the acquisition, eBay Inc. will acquire all of the outstanding equity interests of Depop Limited. The consideration of $1.2 billion will be paid in cash and is subject to certain purchase price adjustments. The transaction will be financed through cash on hand. In case of termination of transaction, eBay Inc. will pay a termination fee of $90 million to Etsy, Inc. The Purchase Agreement also provides that, upon certain termination events, eBay Inc. will be required to pay Etsy, Inc an additional termination fee of $70 million. For the period ended December 31, 2025, Depop Limited reported revenue of $1 billion. The transaction is subject to the satisfaction of certain closing conditions and receipt of required regulatory approvals. The deal has been unanimously approved by the board of directors of eBay Inc. and Etsy, Inc. The transaction is currently expected to close in the second quarter of 2026. The proceeds from the sale will be utilized by Etsy, Inc. for general corporate purposes, continued share repurchases and investment in its core marketplace. Ken S. Myers and Bomi Lee of Fenwick & West LLP acted as legal advisor to Etsy, Inc. Ethan Klingsberg, Zheng (Jonathan) Zhou and Jeff Zhang of Freshfields US LLP acted as legal advisor to eBay Inc.Valuation Update With 7 Day Price Move • Feb 12Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to US$46.24, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 15x in the Multiline Retail industry in the US. Total loss to shareholders of 65% over the past three years.ナラティブ更新 • Feb 07ETSY: AI Efficiencies And Share Buybacks Will Support Stronger Marketplace EngagementNarrative Update Analysts have trimmed their price targets on Etsy by about $3 to $9 in recent research, citing lingering macro concerns. At the same time, they point to a potentially more supportive setup for internet names into 2026, with improving revenue growth expectations and sentiment around AI driven efficiencies.お知らせ • Feb 06Etsy, Inc. to Report Q4, 2025 Results on Feb 19, 2026Etsy, Inc. announced that they will report Q4, 2025 results Pre-Market on Feb 19, 2026ナラティブ更新 • Jan 24ETSY: AI Search And Recommendations Will Support Stronger Marketplace EngagementAnalysts now keep the Etsy fair value estimate steady at $80, while refining their model inputs slightly. This reflects mixed shifts in Street price targets that balance enthusiasm around AI driven GMS and search improvements with more cautious views on margins, tariff headwinds, and leadership changes.ナラティブ更新 • Jan 09ETSY: AI And Search Improvements Will Support Stronger Marketplace EngagementWe are trimming our Etsy fair value estimate slightly to US$80 from US$81, reflecting analysts' mixed price target moves as they weigh stronger GMS momentum and AI driven product improvements against margin pressure, tariff headwinds, and leadership changes. Analyst Commentary Recent Street research on Etsy reflects a mixed but generally constructive tone, with several bullish analysts lifting price targets following Q3 results and updated guidance.ナラティブ更新 • Dec 24ETSY AI Investments Will Drive Stronger Marketplace Engagement And Earnings PowerWe trim our Etsy fair value estimate slightly to $81 from about $81.55 per share, as analysts see moderating top line growth and a lower future P/E, partly offset by improving profitability supported by AI driven product enhancements and steadier GMS trends. Analyst Commentary Recent Street research reflects a generally constructive tone on Etsy, with multiple bullish analysts lifting price targets following the latest Q3 results and outlook.お知らせ • Dec 22Etsy, Inc. (NYSE:ETSY) announces an Equity Buyback for $750 million worth of its shares.Etsy, Inc. (NasdaqGS:ETSY) announces a share repurchase program. Under the program, the company will repurchase up to $750 million worth of its common stock. The stock repurchase program has no expiration date.お知らせ • Dec 18Etsy, Inc. Appoints Fred Wilson as Lead Independent Director, Effective January 1, 2026The Board of Etsy, Inc. appointed the current Chair of the Board, Fred Wilson, as Lead Independent Director effective January 1, 2026. Fred Wilson is the Founder and Partner of Union Square Ventures and has served on Etsy's board since 2007. He provides significant experience in corporate governance, technology company strategy, and scaling businesses in growth. He is also a well-known thought leader on technology, venture capital, and management matters.ナラティブ更新 • Dec 10ETSY: AI Search And Recommendations Will Drive Renewed Marketplace DemandWe are modestly lifting our Etsy price target by a mid single digit percentage to reflect analysts' higher Street targets, grounded in evidence that AI driven search, recommendations and marketing improvements are beginning to stabilize GMS trends, despite lingering margin and governance uncertainties. Analyst Commentary Street commentary around Etsy following Q3 results and the updated outlook reflects a mix of cautious optimism and lingering concern, with modestly higher price targets clustered in the mid 60s to low 80s range.Recent Insider Transactions Derivative • Dec 02CEO & Director notifies of intention to sell stockJoshua Silverman intends to sell 22k shares in the next 90 days after lodging an Intent To Sell Form on the 1st of December. If the sale is conducted around the recent share price of US$53.53, it would amount to US$1.2m. For the year to December 2018, Joshua's total compensation was 4% salary and 96% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since March 2025, Joshua's direct individual holding has increased from 233.10k shares to 307.04k. Company insiders have collectively sold US$51m more than they bought, via options and on-market transactions in the last 12 months.ナラティブ更新 • Nov 26ETSY: AI-Driven Buyer Engagement Will Drive Renewed Demand Across The MarketplaceEtsy's analyst price target has been raised slightly, with the consensus now at about $68.59. Analysts cite improving gross merchandise sales growth as well as ongoing benefits from AI-driven strategies and product enhancements.Valuation Update With 7 Day Price Move • Nov 20Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to US$53.11, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 18x in the Multiline Retail industry in the US. Total loss to shareholders of 56% over the past three years.ナラティブ更新 • Nov 11ETSY: AI Integration Will Drive Renewed User Engagement And Platform MomentumEtsy's analyst fair value target has been raised slightly to $69.23 per share from $68.19. Analysts point to improving growth trends driven by AI integration, positive gross merchandise sales momentum, and ongoing business strategy execution.Valuation Update With 7 Day Price Move • Nov 05Investor sentiment deteriorates as stock falls 22%After last week's 22% share price decline to US$58.27, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 22x in the Multiline Retail industry in the US. Total loss to shareholders of 43% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$115 per share.Recent Insider Transactions Derivative • Nov 04CEO & Director notifies of intention to sell stockJoshua Silverman intends to sell 22k shares in the next 90 days after lodging an Intent To Sell Form on the 3rd of November. If the sale is conducted around the recent share price of US$61.49, it would amount to US$1.3m. For the year to December 2018, Joshua's total compensation was 4% salary and 96% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since March 2025, Joshua's direct individual holding has increased from 233.10k shares to 307.04k. Company insiders have collectively sold US$49m more than they bought, via options and on-market transactions in the last 12 months.Reported Earnings • Oct 30Third quarter 2025 earnings: EPS and revenues exceed analyst expectationsThird quarter 2025 results: EPS: US$0.76 (up from US$0.50 in 3Q 2024). Revenue: US$678.0m (up 2.4% from 3Q 2024). Net income: US$75.5m (up 32% from 3Q 2024). Profit margin: 11% (up from 8.7% in 3Q 2024). Revenue exceeded analyst estimates by 3.2%. Earnings per share (EPS) also surpassed analyst estimates by 21%. Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 9.9% growth forecast for the Multiline Retail industry in the US. Over the last 3 years on average, earnings per share has increased by 88% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings.お知らせ • Oct 29+ 1 more updateEtsy, Inc. Announces CEO ChangesEtsy, Inc. announced that its current President and Chief Growth Officer, Kruti Patel Goyal, will become Chief Executive Officer, effective January 1, 2026. This appointment comes as Josh Silverman has decided to step down as CEO, effective December 31, 2025. Kruti Patel Goyal is Etsy's President and Chief Growth Officer, responsible for bringing together all customer touch points to deliver a more compelling and inspiring experience for Etsy's millions of buyers and sellers. She oversees Product, Engineering, Marketing, Customer Support, Trust and Safety, and Strategy and Operations. Kruti was named CEO of Depop in September 2022. During her tenure, gross merchandise sales and buyer base nearly doubled as Depop focused on strengthening its core marketplace and differentiated value proposition in the growing secondhand market. Under her leadership, Depop became the fastest-growing online apparel resale marketplace in the United States and was named to TIME's list of the 100 Most Influential Companies 2024. Prior to joining Depop, Kruti worked at Etsy for over 10 years, serving in leadership roles through multiple phases of Etsy's growth. Her responsibilities included serving as Etsy's Chief Product Officer, overseeing Etsy's global Seller Services business, managing Corporate Development, leading the International Growth team and serving as the first head of Marketplace Integrity and Trust & Safety. Before joining Etsy, Kruti worked in strategy and business development at Viacom and at Product (RED). Kruti began her career in M&A at Morgan Stanley and at General Atlantic Partners in growth equity.ナラティブ更新 • Oct 28AI Integration And User Experience Will Drive E-Commerce Momentum AheadEtsy's analyst price target has increased modestly from approximately $66.27 to $68.19. This reflects analysts' growing confidence in the company's incremental growth initiatives and improved marketplace performance.お知らせ • Oct 16Etsy, Inc. to Report Q3, 2025 Results on Oct 29, 2025Etsy, Inc. announced that they will report Q3, 2025 results Pre-Market on Oct 29, 2025ナラティブ更新 • Oct 13AI Personalization And App Engagement Will Boost E-commerce AppealEtsy's fair value estimate has been raised slightly from $65.12 to $66.27. Analysts cite stronger-than-expected marketplace revenue trends and an improved margin outlook as the reasons for the adjustment.Recent Insider Transactions Derivative • Sep 30CEO & Director notifies of intention to sell stockJoshua Silverman intends to sell 150k shares in the next 90 days after lodging an Intent To Sell Form on the 29th of September. If the sale is conducted around the recent share price of US$72.50, it would amount to US$11m. For the year to December 2018, Joshua's total compensation was 4% salary and 96% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since December 2024, Joshua's direct individual holding has increased from 228.92k shares to 290.77k. Company insiders have collectively sold US$39m more than they bought, via options and on-market transactions in the last 12 months.分析記事 • Sep 30Etsy, Inc.'s (NASDAQ:ETSY) P/E Is Still On The Mark Following 40% Share Price BounceEtsy, Inc. ( NASDAQ:ETSY ) shareholders have had their patience rewarded with a 40% share price jump in the last month...Valuation Update With 7 Day Price Move • Sep 29Investor sentiment improves as stock rises 21%After last week's 21% share price gain to US$74.34, the stock trades at a forward P/E ratio of 37x. Average forward P/E is 22x in the Multiline Retail industry in the US. Total loss to shareholders of 29% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$136 per share.Recent Insider Transactions Derivative • Sep 19CEO & Director notifies of intention to sell stockJoshua Silverman intends to sell 70k shares in the next 90 days after lodging an Intent To Sell Form on the 18th of September. If the sale is conducted around the recent share price of US$65.00, it would amount to US$4.6m. For the year to December 2018, Joshua's total compensation was 4% salary and 96% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since December 2024, Joshua's direct individual holding has increased from 228.92k shares to 290.77k. Company insiders have collectively sold US$35m more than they bought, via options and on-market transactions in the last 12 months.Recent Insider Transactions Derivative • Sep 04CEO & Director notifies of intention to sell stockJoshua Silverman intends to sell 22k shares in the next 90 days after lodging an Intent To Sell Form on the 2nd of September. If the sale is conducted around the recent share price of US$52.23, it would amount to US$1.1m. For the year to December 2018, Joshua's total compensation was 4% salary and 96% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since December 2024, Joshua's direct individual holding has increased from 228.92k shares to 290.77k. Company insiders have collectively sold US$32m more than they bought, via options and on-market transactions in the last 12 months.お知らせ • Sep 04Etsy, Inc. Announces Executive ChangesEtsy, Inc. announced that Rafe Colburn, the company's current Chief Technology Officer, will expand his remit to Chief Product and Technology Officer, effective September 8, 2025. In this new role, Colburn will now oversee the product and engineering organizations for the Etsy marketplace. He will report to Kruti Patel Goyal, Etsy's President and Chief Growth Officer, and remain part of the company's executive team. This appointment follows the departure of Nick Daniel, who is leaving Etsy to pursue other opportunities. Daniel's last day as Chief Product Officer will be September 5, 2025, and he will remain with the company in an advisory capacity until October. Rafe Colburn is the Chief Technology Officer at Etsy. Previously, Rafe served as Chief Product and Technology and Officer at Depop, where he was responsible for driving the vision for Depop's end-to-end user experience while building a high performing product organization. Previous to Depop, Rafe served as Vice President of Engineering at Etsy, and was responsible for Etsy's Ads, Fulfilment, Seller Experience, Marketing Technology, and Landing Experience teams. During his tenure, he established Etsy's Data Engineering team, and was responsible for Payments and Checkout, Compliance, International, Member Services, and Trust & Safety engineering. Earlier in his career, Colburn was the Principal Engineer at IDology and worked as a consultant at a number of firms building custom applications. He has authored numerous articles, papers, and books on Web development.Recent Insider Transactions • Aug 27Independent Director recently sold US$486k worth of stockOn the 22nd of August, Martha Burns sold around 8k shares on-market at roughly US$62.82 per share. This transaction amounted to 28% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$1.2m more than they bought in the last 12 months.Recent Insider Transactions Derivative • Aug 24Independent Director notifies of intention to sell stockMartha Burns intends to sell 14k shares in the next 90 days after lodging an Intent To Sell Form on the 22nd of August. If the sale is conducted around the recent share price of US$63.00, it would amount to US$911k. Since June 2025, Martha has owned 27.71k shares directly. Company insiders have collectively sold US$30m more than they bought, via options and on-market transactions in the last 12 months.Valuation Update With 7 Day Price Move • Aug 12Investor sentiment improves as stock rises 19%After last week's 19% share price gain to US$66.49, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 18x in the Multiline Retail industry in the US. Total loss to shareholders of 45% over the past three years.ナラティブ更新 • Aug 07AI Personalization And App Engagement Will Boost E-commerce AppealWith no change in revenue growth forecasts or future P/E, analysts have maintained their fair value estimate for Etsy at $63.96. What's in the News Completed share buyback of 10,067,260 shares (9.47% of shares outstanding) for $523.36 million.New Risk • Aug 06New minor risk - Insider sellingThere has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: US$453k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risk Negative equity (-US$1.1b). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (5.8% net profit margin). Significant insider selling over the past 3 months (US$453k sold).Reported Earnings • Jul 31Second quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behindSecond quarter 2025 results: EPS: US$0.28 (down from US$0.46 in 2Q 2024). Revenue: US$672.7m (up 3.8% from 2Q 2024). Net income: US$28.8m (down 46% from 2Q 2024). Profit margin: 4.3% (down from 8.2% in 2Q 2024). Revenue exceeded analyst estimates by 3.9%. Earnings per share (EPS) missed analyst estimates by 49%. Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 9.2% growth forecast for the Multiline Retail industry in the US. Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings.Major Estimate Revision • Jul 30Consensus EPS estimates fall by 27%, revenue upgradedThe consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from US$2.78b to US$2.83b. EPS estimate fell from US$1.74 to US$1.27 per share. Net income forecast to grow 15% next year vs 2.2% growth forecast for Multiline Retail industry in the US. Consensus price target up from US$56.21 to US$58.15. Share price was steady at US$61.98 over the past week.Recent Insider Transactions Derivative • Jul 25CEO & Director notifies of intention to sell stockJoshua Silverman intends to sell 140k shares in the next 90 days after lodging an Intent To Sell Form on the 24th of July. If the sale is conducted around the recent share price of US$65.00, it would amount to US$9.1m. For the year to December 2018, Joshua's total compensation was 4% salary and 96% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since December 2024, Joshua's direct individual holding has increased from 228.92k shares to 290.77k. Company insiders have collectively sold US$21m more than they bought, via options and on-market transactions in the last 12 months.分析記事 • Jul 24When Should You Buy Etsy, Inc. (NASDAQ:ETSY)?Etsy, Inc. ( NASDAQ:ETSY ), might not be a large cap stock, but it saw a significant share price rise of 48% in the...お知らせ • Jul 17Etsy, Inc. to Report Q2, 2025 Results on Jul 30, 2025Etsy, Inc. announced that they will report Q2, 2025 results Pre-Market on Jul 30, 2025Recent Insider Transactions Derivative • Jul 02CEO & Director notifies of intention to sell stockJoshua Silverman intends to sell 22k shares in the next 90 days after lodging an Intent To Sell Form on the 1st of July. If the sale is conducted around the recent share price of US$50.05, it would amount to US$1.1m. For the year to December 2018, Joshua's total compensation was 4% salary and 96% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since December 2024, Joshua's direct individual holding has increased from 228.92k shares to 281.58k. Company insiders have collectively sold US$18m more than they bought, via options and on-market transactions in the last 12 months.Valuation Update With 7 Day Price Move • Jun 16Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to US$53.89, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 15x in the Multiline Retail industry in the US. Total loss to shareholders of 25% over the past three years.Recent Insider Transactions Derivative • Jun 03CEO & Director notifies of intention to sell stockJoshua Silverman intends to sell 152k shares in the next 90 days after lodging an Intent To Sell Form on the 2nd of June. If the sale is conducted around the recent share price of US$57.68, it would amount to US$8.7m. For the year to December 2018, Joshua's total compensation was 4% salary and 96% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since September 2024, Joshua's direct individual holding has increased from 217.19k shares to 281.58k. Company insiders have collectively sold US$12m more than they bought, via options and on-market transactions in the last 12 months.お知らせ • Jun 03Servco Pacific Inc. and Creator Partners LLC completed the acquisition of Reverb Holdings, Inc. from Etsy, Inc. (NasdaqGS:ETSY).Servco Pacific Inc. and Creator Partners LLC entered into an agreement to acquire Reverb Holdings, Inc. from Etsy, Inc. (NasdaqGS:ETSY) on April 21, 2025. Servco Pacific Inc. and Creator Partners LLC completed the acquisition of Reverb Holdings, Inc. from Etsy, Inc. (NasdaqGS:ETSY) on April 21, 2025.分析記事 • May 31Etsy, Inc.'s (NASDAQ:ETSY) P/E Is Still On The Mark Following 27% Share Price BounceEtsy, Inc. ( NASDAQ:ETSY ) shares have had a really impressive month, gaining 27% after a shaky period beforehand...Valuation Update With 7 Day Price Move • May 30Investor sentiment improves as stock rises 16%After last week's 16% share price gain to US$55.35, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 16x in the Multiline Retail industry in the US. Total loss to shareholders of 32% over the past three years.Price Target Changed • May 23Price target decreased by 8.1% to US$50.34Down from US$54.77, the current price target is an average from 28 analysts. New target price is 5.8% above last closing price of US$47.60. Stock is down 21% over the past year. The company is forecast to post earnings per share of US$1.77 for next year compared to US$2.64 last year.Recent Insider Transactions Derivative • May 04CEO & Director notifies of intention to sell stockJoshua Silverman intends to sell 22k shares in the next 90 days after lodging an Intent To Sell Form on the 1st of May. If the sale is conducted around the recent share price of US$43.09, it would amount to US$934k. For the year to December 2018, Joshua's total compensation was 4% salary and 96% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since September 2024, Joshua's direct individual holding has increased from 217.19k shares to 259.92k. Company insiders have collectively sold US$12m more than they bought, via options and on-market transactions in the last 12 months.Reported Earnings • May 01First quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behindFirst quarter 2025 results: US$0.49 loss per share (down from US$0.53 profit in 1Q 2024). Revenue: US$651.2m (flat on 1Q 2024). Net loss: US$52.1m (down 183% from profit in 1Q 2024). Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 8.9% growth forecast for the Multiline Retail industry in the US. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has fallen by 22% per year, which means it is significantly lagging earnings.お知らせ • Apr 24Servco Pacific Inc. and Creator Partners LLC entered into an agreement to acquire Reverb Holdings, Inc. from Etsy, Inc. (NasdaqGS:ETSY).Servco Pacific Inc. and Creator Partners LLC entered into an agreement to acquire Reverb Holdings, Inc. from Etsy, Inc. (NasdaqGS:ETSY) on April 21, 2025.Seeking Alpha • Apr 24Etsy: Back To Basics With Reverb Sale (Rating Upgrade)Summary Etsy's sale of Reverb aims to reduce debt and refocus on core business, potentially aiding its return to growth despite recent stock declines. The company’s low exposure to tariffs and unique product offerings position it well against big-box retailers amid rising import costs. Etsy is moving in the right direction, prompting my upgrade to a neutral rating. Etsy's valuation has improved to ~8x forward-adjusted EBITDA, but it still faces challenges with declining consumer spending and needs to demonstrate a return to customer/revenue growth. Read the full article on Seeking Alphaお知らせ • Apr 19Etsy, Inc., Annual General Meeting, Jun 17, 2025Etsy, Inc., Annual General Meeting, Jun 17, 2025.お知らせ • Apr 17Etsy, Inc. to Report Q1, 2025 Results on Apr 30, 2025Etsy, Inc. announced that they will report Q1, 2025 results Pre-Market on Apr 30, 2025Valuation Update With 7 Day Price Move • Apr 08Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to US$40.80, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 14x in the Multiline Retail industry in the US. Total loss to shareholders of 64% over the past three years.Recent Insider Transactions Derivative • Apr 02CEO & Director notifies of intention to sell stockJoshua Silverman intends to sell 22k shares in the next 90 days after lodging an Intent To Sell Form on the 1st of April. If the sale is conducted around the recent share price of US$47.11, it would amount to US$1.0m. For the year to December 2018, Joshua's total compensation was 4% salary and 96% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since September 2024, Joshua's direct individual holding has increased from 217.19k shares to 233.10k. Company insiders have collectively sold US$6.1m more than they bought, via options and on-market transactions in the last 12 months.お知らせ • Mar 27Etsy Appoints Rafe Colburn as Chief Technology Officer Effective May 5, 2025Etsy, Inc. announced the appointment of Rafe Colburn as Chief Technology Officer (CTO), effective May 5, 2025. Colburn brings a wealth of technology leadership experience to the role. He currently serves as Chief Technology & Product Officer at Depop, where he has successfully scaled the technology team to support rapid growth and transformed the customer experience to one that is more app-based and discovery-centric. Prior to Depop, Colburn spent nearly 10 years at Etsy, where he led engineering teams during periods of significant growth and transformation across a wide range of critical areas, including ads, marketing technology, seller experience, trust & safety, localization and translation, and customer support. Colburn will be based out of Etsy's Brooklyn, NY headquarters. He will report to Etsy's CEO Josh Silverman and be part of Etsy's Executive Team. Rafe Colburn currently serves as Chief Technology & Product Officer at Depop. In this role, he is responsible for Depop's product & design function, driving the vision for Depop's end-to-end user experience while building a high-performing product organization. Prior to Depop, Colburn served as Vice President of Engineering at Etsy, and was responsible for Etsy's Ads, Fulfilment, Seller Experience, Marketing Technology, and Landing Experience teams. During his tenure, he established Etsy's Data Engineering team, and was responsible for Payments and Checkout, Compliance, International, Member Services, and Trust & Safety engineering. Earlier in his career, Colburn was the Principal Engineer at IDology and worked as a consultant at a number of firms building custom applications. He has authored numerous articles, papers, and books on Web development.Seeking Alpha • Mar 26Etsy Looks Like An Equity Value JuggernautSummary Etsy shares continue to fall as Gross Merchandise Sales volumes have hit a sustained rough patch. I'm not surprised by the post-pandemic business weakness. I'm just surprised that it didn't begin sooner. By no means do short-term GMS declines mean the business is in trouble. Etsy management has been conducting large stock buybacks that are progressively retiring more and more shares as the market price has declined. Modeling for Etsy suggests that even in very negative scenarios Etsy's future potential stock downside may be limited. I don't have a specific target price, but I think there's potential for large gains for patient investors. Read the full article on Seeking AlphaReported Earnings • Feb 19Full year 2024 earnings: EPS exceeds analyst expectationsFull year 2024 results: EPS: US$2.64. Revenue: US$2.81b (up 2.2% from FY 2023). Net income: US$303.3m (down 1.4% from FY 2023). Profit margin: 11% (in line with FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 4.1%. Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 9.5% growth forecast for the Multiline Retail industry in the US.Seeking Alpha • Feb 19Etsy: Abysmal Holiday Sales Signal Need For Improved Customer AcquisitionSummary Etsy reported a GAAP EPS of $1.03, beating expectations by $0.09, but sales missed at $852M, falling short by $9.2M. Gross merchandise sales declined 6.8% YoY to $3.7B, with Etsy-specific GMS down 8.6% YoY. Etsy's profit margins increased as it earned more fee revenue on its sellers, yet it saw a sharp decline in sellers, buyers, and sales per customer. In my view, Etsy has become too focused on extracting income from sellers instead of creating a rich ecosystem of buyers and sellers, exposing it to competition from Amazon Handmade. The current economic trend has promoted greater price sensitivity from customers, which does not bode well, given Etsy charges relatively high fees that increase product prices. Read the full article on Seeking Alphaお知らせ • Feb 06Etsy, Inc. to Report Q4, 2024 Results on Feb 19, 2025Etsy, Inc. announced that they will report Q4, 2024 results Pre-Market on Feb 19, 2025Seeking Alpha • Jan 09Etsy: Share Repurchases Won't Save The StockSummary Etsy's $1.2 billion net debt constrains its ability to deliver meaningful shareholder value. Share repurchases are unlikely to sustain the stock price without stronger growth fundamentals. Revenue growth rates are flatlining, reducing the platform's long-term appeal. Paying 8x free cash flow for a business with limited upside feels unjustifiable. Read the full article on Seeking Alphaお知らせ • Dec 05Etsy, Inc. Appoints Lanny Baker as Chief Financial Officer, Effective First Week of January 2025Etsy, Inc. announced that Lanny Baker, currently Chief Operating Officer and previously Chief Financial Officer of Eventbrite, will join Etsy as Chief Financial Officer. Baker will succeed Rachel Glaser, who announced her decision to retire in July. As previously announced, Glaser will remain with Etsy as an advisor through June 30, 2025 to ensure a smooth transition. Baker will assume all of Glaser's prior responsibilities, including oversight of Strategic Finance, Analytics, Accounting, Internal Audit, Investor Relations, Tax, Treasury, Strategic Sourcing, and Corporate Development. Baker served as Chief Financial Officer of Eventbrite from September 2019 until November 2024. In August 2024, he added the role of Chief Operating Officer to his responsibilities. Prior to Eventbrite Baker was CFO at Yelp, where he led corporate finance, investor relations and workplace functions during a period of significant growth for the business. Baker has also served as the CEO and CFO at Zip Realty and CFO at Monster Worldwide. Baker began his career as a highly respected equity research analyst in the internet and ecommerce sectors at Salomon Brothers (subsequently Salomon Smith Barney, then Citigroup). Baker has served as a member of the Board of Directors of multiple internet companies, including Leaf Group, XO Group, and HomeAway. The change is effective the first week of January 2025.Board Change • Dec 01Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 6 highly experienced directors. Independent Director Marc Steinberg was the last director to join the board, commencing their role in 2024. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Seeking Alpha • Nov 21Etsy: I Agree With Elliott Management's OptimismSummary Elliott Management increased its stake in Etsy, Inc. to 5M shares, as per its 13F filing, signaling confidence in Etsy's long-term potential amidst current investor pessimism. Although Etsy sees a decline in GMS and Active Buyers on the platform, it is investing in strategic initiatives like an app revamp, improved search, and loyalty program to boost purchase frequency. Meanwhile, its Gifting GMS is a bright spot as it grows above expectation, representing a higher share of Total GMS. With holiday season in the corner, gifting GMS should continue to rise steadily. Although the management has yet to translate its initiatives into tangible results, I believe the favorable FY25 comps environment should be favorable, driving sizable upside for the stock. Read the full article on Seeking AlphaSeeking Alpha • Nov 12Etsy: A Beaten Down Stock With Hidden ValueSummary Etsy's stock has declined over 22% in the past year due to changing consumer behavior and increased competition from Amazon and Shopify. Despite challenges, Etsy's focus on specialized platforms like Depop and Reverb shows potential for growth in sustainable and niche markets. Financials reveal mixed performance, but Q3 2024 results indicate stability with a slight revenue increase and strong cost control. A DCF analysis suggests a potential 25% upside, valuing Etsy shares at around $66.47, supporting a buy rating amidst cautious optimism. Read the full article on Seeking AlphaReported Earnings • Nov 01Third quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behindThird quarter 2024 results: EPS: US$0.50 (down from US$0.72 in 3Q 2023). Revenue: US$662.4m (up 4.1% from 3Q 2023). Net income: US$57.4m (down 35% from 3Q 2023). Profit margin: 8.7% (down from 14% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) missed analyst estimates by 15%. Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Multiline Retail industry in the US. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has fallen by 42% per year, which means it is performing significantly worse than earnings.お知らせ • Oct 31Etsy, Inc. (NasdaqGS:ETSY) announces an Equity Buyback for $1,000 million worth of its shares.Etsy, Inc. (NasdaqGS:ETSY) announces a share repurchase program. Under the program, the company will repurchase up to $1,000 million worth of its common stock. The stock repurchase program has no expiration date.Seeking Alpha • Oct 20Etsy: A Pandemic Growth Stock Ready For A Rebound In 2025Summary Etsy thrived during the pandemic as consumers flocked to online shopping, but as economic conditions worsened, shares plummeted over 80% from their peak. Despite the stock's decline to 2018 levels, Etsy's revenues have increased 4.5x, margins have expanded, and earnings have quadrupled. Management is implementing strategies like a loyalty program and "Gift Mode" to increase customer engagement and drive gross merchandise sales. With shares trading at 11x earnings and a fortress balance sheet, the current valuation presents a strong buying opportunity for long-term investors. Read the full article on Seeking Alphaお知らせ • Oct 17Etsy, Inc. to Report Q3, 2024 Results on Oct 30, 2024Etsy, Inc. announced that they will report Q3, 2024 results After-Market on Oct 30, 2024Recent Insider Transactions Derivative • Oct 04CEO, President & Director exercised options and sold US$759k worth of stockOn the 1st of October, Joshua Silverman exercised options to acquire 15k shares at no cost and sold these for an average price of US$52.30 per share. This trade did not impact their existing holding. For the year to December 2017, Joshua's total compensation was 4% salary and 96% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since December 2023, Joshua's direct individual holding has increased from 187.24k shares to 217.19k. Company insiders have collectively sold US$14m more than they bought, via options and on-market transactions in the last 12 months.お知らせ • Sep 23+ 1 more updateEtsy, Inc.(NasdaqGS:ETSY) dropped from S&P 500 ValueEtsy, Inc.(NasdaqGS:ETSY) dropped from S&P 500 Value業績と収益の成長予測NYSE:ETSY - アナリストの将来予測と過去の財務データ ( )USD Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数12/31/20282,9914807937491612/31/20272,8764457107332712/31/20262,782411686712253/31/20262,903303673725N/A12/31/20252,884163639693N/A9/30/20252,815199637691N/A6/30/20252,799181636690N/A3/31/20252,775205687733N/A12/31/20242,808303709752N/A9/30/20242,798257687733N/A6/30/20242,772287690734N/A3/31/20242,753296678719N/A12/31/20232,748308666706N/A9/30/20232,713334669702N/A6/30/20232,671-717654690N/A3/31/20232,628-706644680N/A12/31/20222,566-694646684N/A9/30/20222,476-642640682N/A6/30/20222,414411528567N/A3/31/20222,358436527563N/A12/31/20212,329494621652N/A9/30/20212,229480582605N/A6/30/20212,148482684699N/A3/31/20212,048480788798N/A12/31/20201,726349671679N/A9/30/20201,378232507514N/A6/30/20201,125155365376N/A3/31/202087777190205N/A12/31/201981896N/A207N/A9/30/2019748106N/A230N/A6/30/2019701111N/A213N/A3/31/201965296N/A204N/A12/31/201860477N/A199N/A9/30/201854081N/A134N/A6/30/201849687N/A120N/A3/31/201846595N/A92N/A12/31/201744182N/A69N/A9/30/201741516N/A52N/A6/30/2017396-13N/A46N/A3/31/2017380-32N/A50N/A12/31/2016365-30N/A48N/A9/30/2016343-13N/A40N/A6/30/2016321-17N/A35N/A3/31/2016297-16N/A23N/A12/31/2015273-54N/A33N/A9/30/2015251-55N/A19N/A6/30/2015232-55N/A19N/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: ETSYの予測収益成長率 (年間13.2% ) は 貯蓄率 ( 3.5% ) を上回っています。収益対市場: ETSYの収益 ( 13.2% ) US市場 ( 16.7% ) よりも低い成長が予測されています。高成長収益: ETSYの収益は増加すると予測されていますが、大幅には増加しません。収益対市場: ETSYの収益 ( 2.9% ) US市場 ( 11.6% ) よりも低い成長が予測されています。高い収益成長: ETSYの収益 ( 2.9% ) 20%よりも低い成長が予測されています。一株当たり利益成長率予想将来の株主資本利益率将来のROE: ETSYの 自己資本利益率 は、3年後には非常に高くなると予測されています ( 213.8 %)。成長企業の発掘7D1Y7D1Y7D1YRetail 業界の高成長企業。View Past Performance企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/11 21:00終値2026/05/08 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Etsy, Inc. 27 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。51 アナリスト機関Richard KramerArete Research Services LLPOliver LesterArete Research Services LLPTrevor YoungBarclays48 その他のアナリストを表示
Major Estimate Revision • Apr 29Consensus EPS estimates increase by 12%The consensus outlook for earnings per share (EPS) in fiscal year 2026 has improved. 2026 revenue forecast increased from US$2.72b to US$2.78b. EPS estimate increased from US$3.10 to US$3.46 per share. Net income forecast to grow 156% next year vs 14% growth forecast for Multiline Retail industry in the US. Consensus price target up from US$62.41 to US$64.58. Share price rose 5.4% to US$69.60 over the past week.
Major Estimate Revision • Feb 19Consensus EPS estimates increase by 28%, revenue downgradedThe consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast fell from US$2.97b to US$2.81b. EPS estimate rose from US$2.52 to US$3.24. Net income forecast to grow 69% next year vs 12% growth forecast for Multiline Retail industry in the US. Consensus price target broadly unchanged at US$64.74. Share price rose 4.1% to US$48.14 over the past week.
Major Estimate Revision • Jul 30Consensus EPS estimates fall by 27%, revenue upgradedThe consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from US$2.78b to US$2.83b. EPS estimate fell from US$1.74 to US$1.27 per share. Net income forecast to grow 15% next year vs 2.2% growth forecast for Multiline Retail industry in the US. Consensus price target up from US$56.21 to US$58.15. Share price was steady at US$61.98 over the past week.
Price Target Changed • May 23Price target decreased by 8.1% to US$50.34Down from US$54.77, the current price target is an average from 28 analysts. New target price is 5.8% above last closing price of US$47.60. Stock is down 21% over the past year. The company is forecast to post earnings per share of US$1.77 for next year compared to US$2.64 last year.
New Risk • May 07New minor risk - Insider sellingThere has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: US$540k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risk Negative equity (-US$1.1b). Minor Risks Significant insider selling over the past 3 months (US$540k sold).
ライブニュース • May 05Etsy Posts Q1 Growth With US$1.2b Depop Sale and New Fur Policy Drawing AttentionEtsy reported Q1 2026 GMS on its core marketplace up 5.5% year over year, with services revenue up 10.5% and net income from continuing operations at US$104.7m, compared with a loss of US$35.1m a year earlier. The company plans to complete the US$1.2b sale of its Depop resale platform to eBay by the end of Q3 2026, with proceeds earmarked for share repurchases and organic growth investments. A new fur ban intended to support biodiversity has raised concerns from Alaska Native artists, who argue the policy could discriminate against Indigenous sellers and affect culturally important products. For investors, the latest quarter shows Etsy leaning into its core marketplace with a focus on AI-driven product discovery, mobile engagement, and increased advertising services. Management reiterated an outlook for low single-digit GMS growth for the full year in what it describes as a stable macro backdrop, framing recent results as part of a push toward sustainable marketplace growth rather than aggressive expansion at any cost. The planned Depop divestiture simplifies the business and creates liquidity for buybacks and internal investments, which can affect both capital allocation and Etsy’s risk profile. At the same time, the fur policy debate highlights a key operational risk: changes intended to reflect environmental priorities can create friction with parts of the seller community. How Etsy balances policy decisions with seller inclusion and buyer expectations will likely remain an important factor in marketplace health and brand perception.
ナラティブ更新 • May 04ETSY: Depop Sale And Buybacks Will Support Core Marketplace FocusEtsy's analyst price target has been raised from $61.96 to $71.72 as analysts factor in updated assumptions around revenue growth, profit margins and a slightly lower discount rate. This change is supported by recent research that highlights progress in core marketplace initiatives and the planned Depop divestiture.
Reported Earnings • Apr 30First quarter 2026 earnings: EPS misses analyst expectationsFirst quarter 2026 results: EPS: US$1.09 (up from US$0.33 loss in 1Q 2025). Revenue: US$631.3m (up 3.1% from 1Q 2025). Net income: US$104.7m (up US$139.7m from 1Q 2025). Profit margin: 17% (up from net loss in 1Q 2025). The move to profitability was primarily driven by lower expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 3.8%. Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Multiline Retail industry in the US. Over the last 3 years on average, earnings per share has increased by 64% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings.
Seeking Alpha • Apr 30Etsy: A Simplified Business Sees A Strong Start To 2026Summary Etsy has streamlined operations by divesting Depop and Reverb, focusing on its core platform with improving fundamentals. Q1 revenue from continuing operations rose 7% to $631 million, with adjusted EBITDA margins exceeding 29% and GMS up over 5%. Forward guidance calls for low-single-digit GMS growth, stable take rates, and 28–30% EBITDA margins, supporting potential earnings near $4 per share. Recent share buybacks and a 30% rally reflect renewed confidence, yet valuation remains reasonable given solid earnings power and capital allocation discipline. Read the full article on Seeking Alpha
Major Estimate Revision • Apr 29Consensus EPS estimates increase by 12%The consensus outlook for earnings per share (EPS) in fiscal year 2026 has improved. 2026 revenue forecast increased from US$2.72b to US$2.78b. EPS estimate increased from US$3.10 to US$3.46 per share. Net income forecast to grow 156% next year vs 14% growth forecast for Multiline Retail industry in the US. Consensus price target up from US$62.41 to US$64.58. Share price rose 5.4% to US$69.60 over the past week.
お知らせ • Apr 21Etsy, Inc., Annual General Meeting, Jun 09, 2026Etsy, Inc., Annual General Meeting, Jun 09, 2026.
ナラティブ更新 • Apr 20ETSY: Depop Exit And AI Initiatives Will Support Stronger Marketplace EngagementEtsy's analyst price targets have shifted in a wide range, with some moving up by a few dollars and others cut by $10 to $20, as analysts balance improving marketplace trends, Depop's $1.2b sale, and product and marketing initiatives against concerns about slower Gross Merchandise Sales momentum and sector-wide valuation resets. Analyst Commentary Recent research paints a mixed but generally constructive picture around Etsy, with many price targets adjusted and opinions split between enthusiasm about execution and caution around Gross Merchandise Sales trends and sector valuations.
Recent Insider Transactions Derivative • Apr 19Executive Chair notifies of intention to sell stockJoshua Silverman intends to sell 24k shares in the next 90 days after lodging an Intent To Sell Form on the 16th of April. If the sale is conducted around the recent share price of US$59.00, it would amount to US$1.4m. Since June 2025, Joshua's direct individual holding has increased from 281.58k shares to 358.79k. Company insiders have collectively sold US$55m more than they bought, via options and on-market transactions in the last 12 months.
Valuation Update With 7 Day Price Move • Apr 17Investor sentiment improves as stock rises 17%After last week's 17% share price gain to US$61.90, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 18x in the Multiline Retail industry in the US. Total loss to shareholders of 39% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$117 per share.
お知らせ • Apr 16Etsy, Inc. to Report Q1, 2026 Results on Apr 29, 2026Etsy, Inc. announced that they will report Q1, 2026 results at 9:30 AM, US Eastern Standard Time on Apr 29, 2026
Recent Insider Transactions Derivative • Apr 07CEO & Director exercised options and sold US$1.0m worth of stockOn the 1st of April, Kruti Patel Goyal exercised options to acquire 20k shares at no cost and sold these for an average price of US$49.97 per share. This trade did not impact their existing holding. Since September 2025, Kruti's direct individual holding has increased from 84.25k shares to 116.99k. Company insiders have collectively sold US$54m more than they bought, via options and on-market transactions in the last 12 months.
ナラティブ更新 • Apr 05ETSY: Depop Sale And AI Discovery Work Will Shape Core Marketplace FutureAnalyst fair value for Etsy edges up by about $0.23 to roughly $61.96 as analysts weigh slightly slower revenue growth and profit margin expectations against the benefits from the $1.2b Depop sale, ongoing product and marketing initiatives, and mixed but generally constructive updates to Street price targets. Analyst Commentary Recent research on Etsy highlights a split view, with some analysts seeing improving execution around core growth and others focusing on lingering risks to Gross Merchandise Sales, or GMS, and profitability.
ナラティブ更新 • Mar 22ETSY: Depop Sale And AI Marketplace Focus Will Drive Stronger EngagementNarrative Update: Etsy The updated analyst price target for Etsy shifts slightly to about $78.59. This reflects mixed revisions across the Street as analysts weigh solid Q4 delivery, the planned $1.2b Depop sale, and ongoing efforts in AI driven search, personalization and core marketplace growth.
ナラティブ更新 • Mar 07ETSY: AI Initiatives And Depop Exit Will Shape Core Marketplace PathThe analyst price target for Etsy edges slightly lower as analysts weigh steady Q4 results, Q1 guidance calling for modest GMS growth, and the value impact of the proposed $1.2b Depop sale against ongoing questions about the pace of core marketplace reacceleration and sector-wide multiple compression. Analyst Commentary Wall Street is split on Etsy, with price targets moving both higher and lower as analysts balance Q4 execution, Q1 guidance, and the proposed US$1.2b Depop sale against questions about how quickly core marketplace growth can build.
ナラティブ更新 • Feb 21ETSY: AI Initiatives And Depop Sale Will Support Core Marketplace RenewalThe analyst price target for Etsy in our model has moved lower to $62.08 from $68.59. This reflects a blend of Street views that highlight steady core marketplace progress, the Depop sale, and ongoing questions around the pace of Gross Merchandise Sales growth and the impact of AI driven product and marketing initiatives.
Reported Earnings • Feb 20Full year 2025 earnings: EPS exceeds analyst expectationsFull year 2025 results: EPS: US$1.59 (down from US$2.64 in FY 2024). Revenue: US$2.88b (up 2.7% from FY 2024). Net income: US$163.0m (down 46% from FY 2024). Profit margin: 5.7% (down from 11% in FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 7.2%. Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Multiline Retail industry in the US. Over the last 3 years on average, earnings per share has increased by 78% per year but the company’s share price has fallen by 25% per year, which means it is significantly lagging earnings.
Major Estimate Revision • Feb 19Consensus EPS estimates increase by 28%, revenue downgradedThe consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast fell from US$2.97b to US$2.81b. EPS estimate rose from US$2.52 to US$3.24. Net income forecast to grow 69% next year vs 12% growth forecast for Multiline Retail industry in the US. Consensus price target broadly unchanged at US$64.74. Share price rose 4.1% to US$48.14 over the past week.
お知らせ • Feb 19eBay Inc. (NasdaqGS:EBAY) entered into a Sale and Purchase Agreement to acquire Depop Limited from Etsy, Inc. (NYSE:ETSY) for approximately $1.2 billion.eBay Inc. (NasdaqGS:EBAY) entered into a Sale and Purchase Agreement to acquire Depop Limited from Etsy, Inc. (NYSE:ETSY) for approximately $1.2 billion on February 15, 2026. As part of the acquisition, eBay Inc. will acquire all of the outstanding equity interests of Depop Limited. The consideration of $1.2 billion will be paid in cash and is subject to certain purchase price adjustments. The transaction will be financed through cash on hand. In case of termination of transaction, eBay Inc. will pay a termination fee of $90 million to Etsy, Inc. The Purchase Agreement also provides that, upon certain termination events, eBay Inc. will be required to pay Etsy, Inc an additional termination fee of $70 million. For the period ended December 31, 2025, Depop Limited reported revenue of $1 billion. The transaction is subject to the satisfaction of certain closing conditions and receipt of required regulatory approvals. The deal has been unanimously approved by the board of directors of eBay Inc. and Etsy, Inc. The transaction is currently expected to close in the second quarter of 2026. The proceeds from the sale will be utilized by Etsy, Inc. for general corporate purposes, continued share repurchases and investment in its core marketplace. Ken S. Myers and Bomi Lee of Fenwick & West LLP acted as legal advisor to Etsy, Inc. Ethan Klingsberg, Zheng (Jonathan) Zhou and Jeff Zhang of Freshfields US LLP acted as legal advisor to eBay Inc.
Valuation Update With 7 Day Price Move • Feb 12Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to US$46.24, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 15x in the Multiline Retail industry in the US. Total loss to shareholders of 65% over the past three years.
ナラティブ更新 • Feb 07ETSY: AI Efficiencies And Share Buybacks Will Support Stronger Marketplace EngagementNarrative Update Analysts have trimmed their price targets on Etsy by about $3 to $9 in recent research, citing lingering macro concerns. At the same time, they point to a potentially more supportive setup for internet names into 2026, with improving revenue growth expectations and sentiment around AI driven efficiencies.
お知らせ • Feb 06Etsy, Inc. to Report Q4, 2025 Results on Feb 19, 2026Etsy, Inc. announced that they will report Q4, 2025 results Pre-Market on Feb 19, 2026
ナラティブ更新 • Jan 24ETSY: AI Search And Recommendations Will Support Stronger Marketplace EngagementAnalysts now keep the Etsy fair value estimate steady at $80, while refining their model inputs slightly. This reflects mixed shifts in Street price targets that balance enthusiasm around AI driven GMS and search improvements with more cautious views on margins, tariff headwinds, and leadership changes.
ナラティブ更新 • Jan 09ETSY: AI And Search Improvements Will Support Stronger Marketplace EngagementWe are trimming our Etsy fair value estimate slightly to US$80 from US$81, reflecting analysts' mixed price target moves as they weigh stronger GMS momentum and AI driven product improvements against margin pressure, tariff headwinds, and leadership changes. Analyst Commentary Recent Street research on Etsy reflects a mixed but generally constructive tone, with several bullish analysts lifting price targets following Q3 results and updated guidance.
ナラティブ更新 • Dec 24ETSY AI Investments Will Drive Stronger Marketplace Engagement And Earnings PowerWe trim our Etsy fair value estimate slightly to $81 from about $81.55 per share, as analysts see moderating top line growth and a lower future P/E, partly offset by improving profitability supported by AI driven product enhancements and steadier GMS trends. Analyst Commentary Recent Street research reflects a generally constructive tone on Etsy, with multiple bullish analysts lifting price targets following the latest Q3 results and outlook.
お知らせ • Dec 22Etsy, Inc. (NYSE:ETSY) announces an Equity Buyback for $750 million worth of its shares.Etsy, Inc. (NasdaqGS:ETSY) announces a share repurchase program. Under the program, the company will repurchase up to $750 million worth of its common stock. The stock repurchase program has no expiration date.
お知らせ • Dec 18Etsy, Inc. Appoints Fred Wilson as Lead Independent Director, Effective January 1, 2026The Board of Etsy, Inc. appointed the current Chair of the Board, Fred Wilson, as Lead Independent Director effective January 1, 2026. Fred Wilson is the Founder and Partner of Union Square Ventures and has served on Etsy's board since 2007. He provides significant experience in corporate governance, technology company strategy, and scaling businesses in growth. He is also a well-known thought leader on technology, venture capital, and management matters.
ナラティブ更新 • Dec 10ETSY: AI Search And Recommendations Will Drive Renewed Marketplace DemandWe are modestly lifting our Etsy price target by a mid single digit percentage to reflect analysts' higher Street targets, grounded in evidence that AI driven search, recommendations and marketing improvements are beginning to stabilize GMS trends, despite lingering margin and governance uncertainties. Analyst Commentary Street commentary around Etsy following Q3 results and the updated outlook reflects a mix of cautious optimism and lingering concern, with modestly higher price targets clustered in the mid 60s to low 80s range.
Recent Insider Transactions Derivative • Dec 02CEO & Director notifies of intention to sell stockJoshua Silverman intends to sell 22k shares in the next 90 days after lodging an Intent To Sell Form on the 1st of December. If the sale is conducted around the recent share price of US$53.53, it would amount to US$1.2m. For the year to December 2018, Joshua's total compensation was 4% salary and 96% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since March 2025, Joshua's direct individual holding has increased from 233.10k shares to 307.04k. Company insiders have collectively sold US$51m more than they bought, via options and on-market transactions in the last 12 months.
ナラティブ更新 • Nov 26ETSY: AI-Driven Buyer Engagement Will Drive Renewed Demand Across The MarketplaceEtsy's analyst price target has been raised slightly, with the consensus now at about $68.59. Analysts cite improving gross merchandise sales growth as well as ongoing benefits from AI-driven strategies and product enhancements.
Valuation Update With 7 Day Price Move • Nov 20Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to US$53.11, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 18x in the Multiline Retail industry in the US. Total loss to shareholders of 56% over the past three years.
ナラティブ更新 • Nov 11ETSY: AI Integration Will Drive Renewed User Engagement And Platform MomentumEtsy's analyst fair value target has been raised slightly to $69.23 per share from $68.19. Analysts point to improving growth trends driven by AI integration, positive gross merchandise sales momentum, and ongoing business strategy execution.
Valuation Update With 7 Day Price Move • Nov 05Investor sentiment deteriorates as stock falls 22%After last week's 22% share price decline to US$58.27, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 22x in the Multiline Retail industry in the US. Total loss to shareholders of 43% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$115 per share.
Recent Insider Transactions Derivative • Nov 04CEO & Director notifies of intention to sell stockJoshua Silverman intends to sell 22k shares in the next 90 days after lodging an Intent To Sell Form on the 3rd of November. If the sale is conducted around the recent share price of US$61.49, it would amount to US$1.3m. For the year to December 2018, Joshua's total compensation was 4% salary and 96% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since March 2025, Joshua's direct individual holding has increased from 233.10k shares to 307.04k. Company insiders have collectively sold US$49m more than they bought, via options and on-market transactions in the last 12 months.
Reported Earnings • Oct 30Third quarter 2025 earnings: EPS and revenues exceed analyst expectationsThird quarter 2025 results: EPS: US$0.76 (up from US$0.50 in 3Q 2024). Revenue: US$678.0m (up 2.4% from 3Q 2024). Net income: US$75.5m (up 32% from 3Q 2024). Profit margin: 11% (up from 8.7% in 3Q 2024). Revenue exceeded analyst estimates by 3.2%. Earnings per share (EPS) also surpassed analyst estimates by 21%. Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 9.9% growth forecast for the Multiline Retail industry in the US. Over the last 3 years on average, earnings per share has increased by 88% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings.
お知らせ • Oct 29+ 1 more updateEtsy, Inc. Announces CEO ChangesEtsy, Inc. announced that its current President and Chief Growth Officer, Kruti Patel Goyal, will become Chief Executive Officer, effective January 1, 2026. This appointment comes as Josh Silverman has decided to step down as CEO, effective December 31, 2025. Kruti Patel Goyal is Etsy's President and Chief Growth Officer, responsible for bringing together all customer touch points to deliver a more compelling and inspiring experience for Etsy's millions of buyers and sellers. She oversees Product, Engineering, Marketing, Customer Support, Trust and Safety, and Strategy and Operations. Kruti was named CEO of Depop in September 2022. During her tenure, gross merchandise sales and buyer base nearly doubled as Depop focused on strengthening its core marketplace and differentiated value proposition in the growing secondhand market. Under her leadership, Depop became the fastest-growing online apparel resale marketplace in the United States and was named to TIME's list of the 100 Most Influential Companies 2024. Prior to joining Depop, Kruti worked at Etsy for over 10 years, serving in leadership roles through multiple phases of Etsy's growth. Her responsibilities included serving as Etsy's Chief Product Officer, overseeing Etsy's global Seller Services business, managing Corporate Development, leading the International Growth team and serving as the first head of Marketplace Integrity and Trust & Safety. Before joining Etsy, Kruti worked in strategy and business development at Viacom and at Product (RED). Kruti began her career in M&A at Morgan Stanley and at General Atlantic Partners in growth equity.
ナラティブ更新 • Oct 28AI Integration And User Experience Will Drive E-Commerce Momentum AheadEtsy's analyst price target has increased modestly from approximately $66.27 to $68.19. This reflects analysts' growing confidence in the company's incremental growth initiatives and improved marketplace performance.
お知らせ • Oct 16Etsy, Inc. to Report Q3, 2025 Results on Oct 29, 2025Etsy, Inc. announced that they will report Q3, 2025 results Pre-Market on Oct 29, 2025
ナラティブ更新 • Oct 13AI Personalization And App Engagement Will Boost E-commerce AppealEtsy's fair value estimate has been raised slightly from $65.12 to $66.27. Analysts cite stronger-than-expected marketplace revenue trends and an improved margin outlook as the reasons for the adjustment.
Recent Insider Transactions Derivative • Sep 30CEO & Director notifies of intention to sell stockJoshua Silverman intends to sell 150k shares in the next 90 days after lodging an Intent To Sell Form on the 29th of September. If the sale is conducted around the recent share price of US$72.50, it would amount to US$11m. For the year to December 2018, Joshua's total compensation was 4% salary and 96% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since December 2024, Joshua's direct individual holding has increased from 228.92k shares to 290.77k. Company insiders have collectively sold US$39m more than they bought, via options and on-market transactions in the last 12 months.
分析記事 • Sep 30Etsy, Inc.'s (NASDAQ:ETSY) P/E Is Still On The Mark Following 40% Share Price BounceEtsy, Inc. ( NASDAQ:ETSY ) shareholders have had their patience rewarded with a 40% share price jump in the last month...
Valuation Update With 7 Day Price Move • Sep 29Investor sentiment improves as stock rises 21%After last week's 21% share price gain to US$74.34, the stock trades at a forward P/E ratio of 37x. Average forward P/E is 22x in the Multiline Retail industry in the US. Total loss to shareholders of 29% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$136 per share.
Recent Insider Transactions Derivative • Sep 19CEO & Director notifies of intention to sell stockJoshua Silverman intends to sell 70k shares in the next 90 days after lodging an Intent To Sell Form on the 18th of September. If the sale is conducted around the recent share price of US$65.00, it would amount to US$4.6m. For the year to December 2018, Joshua's total compensation was 4% salary and 96% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since December 2024, Joshua's direct individual holding has increased from 228.92k shares to 290.77k. Company insiders have collectively sold US$35m more than they bought, via options and on-market transactions in the last 12 months.
Recent Insider Transactions Derivative • Sep 04CEO & Director notifies of intention to sell stockJoshua Silverman intends to sell 22k shares in the next 90 days after lodging an Intent To Sell Form on the 2nd of September. If the sale is conducted around the recent share price of US$52.23, it would amount to US$1.1m. For the year to December 2018, Joshua's total compensation was 4% salary and 96% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since December 2024, Joshua's direct individual holding has increased from 228.92k shares to 290.77k. Company insiders have collectively sold US$32m more than they bought, via options and on-market transactions in the last 12 months.
お知らせ • Sep 04Etsy, Inc. Announces Executive ChangesEtsy, Inc. announced that Rafe Colburn, the company's current Chief Technology Officer, will expand his remit to Chief Product and Technology Officer, effective September 8, 2025. In this new role, Colburn will now oversee the product and engineering organizations for the Etsy marketplace. He will report to Kruti Patel Goyal, Etsy's President and Chief Growth Officer, and remain part of the company's executive team. This appointment follows the departure of Nick Daniel, who is leaving Etsy to pursue other opportunities. Daniel's last day as Chief Product Officer will be September 5, 2025, and he will remain with the company in an advisory capacity until October. Rafe Colburn is the Chief Technology Officer at Etsy. Previously, Rafe served as Chief Product and Technology and Officer at Depop, where he was responsible for driving the vision for Depop's end-to-end user experience while building a high performing product organization. Previous to Depop, Rafe served as Vice President of Engineering at Etsy, and was responsible for Etsy's Ads, Fulfilment, Seller Experience, Marketing Technology, and Landing Experience teams. During his tenure, he established Etsy's Data Engineering team, and was responsible for Payments and Checkout, Compliance, International, Member Services, and Trust & Safety engineering. Earlier in his career, Colburn was the Principal Engineer at IDology and worked as a consultant at a number of firms building custom applications. He has authored numerous articles, papers, and books on Web development.
Recent Insider Transactions • Aug 27Independent Director recently sold US$486k worth of stockOn the 22nd of August, Martha Burns sold around 8k shares on-market at roughly US$62.82 per share. This transaction amounted to 28% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$1.2m more than they bought in the last 12 months.
Recent Insider Transactions Derivative • Aug 24Independent Director notifies of intention to sell stockMartha Burns intends to sell 14k shares in the next 90 days after lodging an Intent To Sell Form on the 22nd of August. If the sale is conducted around the recent share price of US$63.00, it would amount to US$911k. Since June 2025, Martha has owned 27.71k shares directly. Company insiders have collectively sold US$30m more than they bought, via options and on-market transactions in the last 12 months.
Valuation Update With 7 Day Price Move • Aug 12Investor sentiment improves as stock rises 19%After last week's 19% share price gain to US$66.49, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 18x in the Multiline Retail industry in the US. Total loss to shareholders of 45% over the past three years.
ナラティブ更新 • Aug 07AI Personalization And App Engagement Will Boost E-commerce AppealWith no change in revenue growth forecasts or future P/E, analysts have maintained their fair value estimate for Etsy at $63.96. What's in the News Completed share buyback of 10,067,260 shares (9.47% of shares outstanding) for $523.36 million.
New Risk • Aug 06New minor risk - Insider sellingThere has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: US$453k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risk Negative equity (-US$1.1b). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (5.8% net profit margin). Significant insider selling over the past 3 months (US$453k sold).
Reported Earnings • Jul 31Second quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behindSecond quarter 2025 results: EPS: US$0.28 (down from US$0.46 in 2Q 2024). Revenue: US$672.7m (up 3.8% from 2Q 2024). Net income: US$28.8m (down 46% from 2Q 2024). Profit margin: 4.3% (down from 8.2% in 2Q 2024). Revenue exceeded analyst estimates by 3.9%. Earnings per share (EPS) missed analyst estimates by 49%. Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 9.2% growth forecast for the Multiline Retail industry in the US. Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings.
Major Estimate Revision • Jul 30Consensus EPS estimates fall by 27%, revenue upgradedThe consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from US$2.78b to US$2.83b. EPS estimate fell from US$1.74 to US$1.27 per share. Net income forecast to grow 15% next year vs 2.2% growth forecast for Multiline Retail industry in the US. Consensus price target up from US$56.21 to US$58.15. Share price was steady at US$61.98 over the past week.
Recent Insider Transactions Derivative • Jul 25CEO & Director notifies of intention to sell stockJoshua Silverman intends to sell 140k shares in the next 90 days after lodging an Intent To Sell Form on the 24th of July. If the sale is conducted around the recent share price of US$65.00, it would amount to US$9.1m. For the year to December 2018, Joshua's total compensation was 4% salary and 96% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since December 2024, Joshua's direct individual holding has increased from 228.92k shares to 290.77k. Company insiders have collectively sold US$21m more than they bought, via options and on-market transactions in the last 12 months.
分析記事 • Jul 24When Should You Buy Etsy, Inc. (NASDAQ:ETSY)?Etsy, Inc. ( NASDAQ:ETSY ), might not be a large cap stock, but it saw a significant share price rise of 48% in the...
お知らせ • Jul 17Etsy, Inc. to Report Q2, 2025 Results on Jul 30, 2025Etsy, Inc. announced that they will report Q2, 2025 results Pre-Market on Jul 30, 2025
Recent Insider Transactions Derivative • Jul 02CEO & Director notifies of intention to sell stockJoshua Silverman intends to sell 22k shares in the next 90 days after lodging an Intent To Sell Form on the 1st of July. If the sale is conducted around the recent share price of US$50.05, it would amount to US$1.1m. For the year to December 2018, Joshua's total compensation was 4% salary and 96% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since December 2024, Joshua's direct individual holding has increased from 228.92k shares to 281.58k. Company insiders have collectively sold US$18m more than they bought, via options and on-market transactions in the last 12 months.
Valuation Update With 7 Day Price Move • Jun 16Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to US$53.89, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 15x in the Multiline Retail industry in the US. Total loss to shareholders of 25% over the past three years.
Recent Insider Transactions Derivative • Jun 03CEO & Director notifies of intention to sell stockJoshua Silverman intends to sell 152k shares in the next 90 days after lodging an Intent To Sell Form on the 2nd of June. If the sale is conducted around the recent share price of US$57.68, it would amount to US$8.7m. For the year to December 2018, Joshua's total compensation was 4% salary and 96% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since September 2024, Joshua's direct individual holding has increased from 217.19k shares to 281.58k. Company insiders have collectively sold US$12m more than they bought, via options and on-market transactions in the last 12 months.
お知らせ • Jun 03Servco Pacific Inc. and Creator Partners LLC completed the acquisition of Reverb Holdings, Inc. from Etsy, Inc. (NasdaqGS:ETSY).Servco Pacific Inc. and Creator Partners LLC entered into an agreement to acquire Reverb Holdings, Inc. from Etsy, Inc. (NasdaqGS:ETSY) on April 21, 2025. Servco Pacific Inc. and Creator Partners LLC completed the acquisition of Reverb Holdings, Inc. from Etsy, Inc. (NasdaqGS:ETSY) on April 21, 2025.
分析記事 • May 31Etsy, Inc.'s (NASDAQ:ETSY) P/E Is Still On The Mark Following 27% Share Price BounceEtsy, Inc. ( NASDAQ:ETSY ) shares have had a really impressive month, gaining 27% after a shaky period beforehand...
Valuation Update With 7 Day Price Move • May 30Investor sentiment improves as stock rises 16%After last week's 16% share price gain to US$55.35, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 16x in the Multiline Retail industry in the US. Total loss to shareholders of 32% over the past three years.
Price Target Changed • May 23Price target decreased by 8.1% to US$50.34Down from US$54.77, the current price target is an average from 28 analysts. New target price is 5.8% above last closing price of US$47.60. Stock is down 21% over the past year. The company is forecast to post earnings per share of US$1.77 for next year compared to US$2.64 last year.
Recent Insider Transactions Derivative • May 04CEO & Director notifies of intention to sell stockJoshua Silverman intends to sell 22k shares in the next 90 days after lodging an Intent To Sell Form on the 1st of May. If the sale is conducted around the recent share price of US$43.09, it would amount to US$934k. For the year to December 2018, Joshua's total compensation was 4% salary and 96% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since September 2024, Joshua's direct individual holding has increased from 217.19k shares to 259.92k. Company insiders have collectively sold US$12m more than they bought, via options and on-market transactions in the last 12 months.
Reported Earnings • May 01First quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behindFirst quarter 2025 results: US$0.49 loss per share (down from US$0.53 profit in 1Q 2024). Revenue: US$651.2m (flat on 1Q 2024). Net loss: US$52.1m (down 183% from profit in 1Q 2024). Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 8.9% growth forecast for the Multiline Retail industry in the US. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has fallen by 22% per year, which means it is significantly lagging earnings.
お知らせ • Apr 24Servco Pacific Inc. and Creator Partners LLC entered into an agreement to acquire Reverb Holdings, Inc. from Etsy, Inc. (NasdaqGS:ETSY).Servco Pacific Inc. and Creator Partners LLC entered into an agreement to acquire Reverb Holdings, Inc. from Etsy, Inc. (NasdaqGS:ETSY) on April 21, 2025.
Seeking Alpha • Apr 24Etsy: Back To Basics With Reverb Sale (Rating Upgrade)Summary Etsy's sale of Reverb aims to reduce debt and refocus on core business, potentially aiding its return to growth despite recent stock declines. The company’s low exposure to tariffs and unique product offerings position it well against big-box retailers amid rising import costs. Etsy is moving in the right direction, prompting my upgrade to a neutral rating. Etsy's valuation has improved to ~8x forward-adjusted EBITDA, but it still faces challenges with declining consumer spending and needs to demonstrate a return to customer/revenue growth. Read the full article on Seeking Alpha
お知らせ • Apr 19Etsy, Inc., Annual General Meeting, Jun 17, 2025Etsy, Inc., Annual General Meeting, Jun 17, 2025.
お知らせ • Apr 17Etsy, Inc. to Report Q1, 2025 Results on Apr 30, 2025Etsy, Inc. announced that they will report Q1, 2025 results Pre-Market on Apr 30, 2025
Valuation Update With 7 Day Price Move • Apr 08Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to US$40.80, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 14x in the Multiline Retail industry in the US. Total loss to shareholders of 64% over the past three years.
Recent Insider Transactions Derivative • Apr 02CEO & Director notifies of intention to sell stockJoshua Silverman intends to sell 22k shares in the next 90 days after lodging an Intent To Sell Form on the 1st of April. If the sale is conducted around the recent share price of US$47.11, it would amount to US$1.0m. For the year to December 2018, Joshua's total compensation was 4% salary and 96% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since September 2024, Joshua's direct individual holding has increased from 217.19k shares to 233.10k. Company insiders have collectively sold US$6.1m more than they bought, via options and on-market transactions in the last 12 months.
お知らせ • Mar 27Etsy Appoints Rafe Colburn as Chief Technology Officer Effective May 5, 2025Etsy, Inc. announced the appointment of Rafe Colburn as Chief Technology Officer (CTO), effective May 5, 2025. Colburn brings a wealth of technology leadership experience to the role. He currently serves as Chief Technology & Product Officer at Depop, where he has successfully scaled the technology team to support rapid growth and transformed the customer experience to one that is more app-based and discovery-centric. Prior to Depop, Colburn spent nearly 10 years at Etsy, where he led engineering teams during periods of significant growth and transformation across a wide range of critical areas, including ads, marketing technology, seller experience, trust & safety, localization and translation, and customer support. Colburn will be based out of Etsy's Brooklyn, NY headquarters. He will report to Etsy's CEO Josh Silverman and be part of Etsy's Executive Team. Rafe Colburn currently serves as Chief Technology & Product Officer at Depop. In this role, he is responsible for Depop's product & design function, driving the vision for Depop's end-to-end user experience while building a high-performing product organization. Prior to Depop, Colburn served as Vice President of Engineering at Etsy, and was responsible for Etsy's Ads, Fulfilment, Seller Experience, Marketing Technology, and Landing Experience teams. During his tenure, he established Etsy's Data Engineering team, and was responsible for Payments and Checkout, Compliance, International, Member Services, and Trust & Safety engineering. Earlier in his career, Colburn was the Principal Engineer at IDology and worked as a consultant at a number of firms building custom applications. He has authored numerous articles, papers, and books on Web development.
Seeking Alpha • Mar 26Etsy Looks Like An Equity Value JuggernautSummary Etsy shares continue to fall as Gross Merchandise Sales volumes have hit a sustained rough patch. I'm not surprised by the post-pandemic business weakness. I'm just surprised that it didn't begin sooner. By no means do short-term GMS declines mean the business is in trouble. Etsy management has been conducting large stock buybacks that are progressively retiring more and more shares as the market price has declined. Modeling for Etsy suggests that even in very negative scenarios Etsy's future potential stock downside may be limited. I don't have a specific target price, but I think there's potential for large gains for patient investors. Read the full article on Seeking Alpha
Reported Earnings • Feb 19Full year 2024 earnings: EPS exceeds analyst expectationsFull year 2024 results: EPS: US$2.64. Revenue: US$2.81b (up 2.2% from FY 2023). Net income: US$303.3m (down 1.4% from FY 2023). Profit margin: 11% (in line with FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 4.1%. Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 9.5% growth forecast for the Multiline Retail industry in the US.
Seeking Alpha • Feb 19Etsy: Abysmal Holiday Sales Signal Need For Improved Customer AcquisitionSummary Etsy reported a GAAP EPS of $1.03, beating expectations by $0.09, but sales missed at $852M, falling short by $9.2M. Gross merchandise sales declined 6.8% YoY to $3.7B, with Etsy-specific GMS down 8.6% YoY. Etsy's profit margins increased as it earned more fee revenue on its sellers, yet it saw a sharp decline in sellers, buyers, and sales per customer. In my view, Etsy has become too focused on extracting income from sellers instead of creating a rich ecosystem of buyers and sellers, exposing it to competition from Amazon Handmade. The current economic trend has promoted greater price sensitivity from customers, which does not bode well, given Etsy charges relatively high fees that increase product prices. Read the full article on Seeking Alpha
お知らせ • Feb 06Etsy, Inc. to Report Q4, 2024 Results on Feb 19, 2025Etsy, Inc. announced that they will report Q4, 2024 results Pre-Market on Feb 19, 2025
Seeking Alpha • Jan 09Etsy: Share Repurchases Won't Save The StockSummary Etsy's $1.2 billion net debt constrains its ability to deliver meaningful shareholder value. Share repurchases are unlikely to sustain the stock price without stronger growth fundamentals. Revenue growth rates are flatlining, reducing the platform's long-term appeal. Paying 8x free cash flow for a business with limited upside feels unjustifiable. Read the full article on Seeking Alpha
お知らせ • Dec 05Etsy, Inc. Appoints Lanny Baker as Chief Financial Officer, Effective First Week of January 2025Etsy, Inc. announced that Lanny Baker, currently Chief Operating Officer and previously Chief Financial Officer of Eventbrite, will join Etsy as Chief Financial Officer. Baker will succeed Rachel Glaser, who announced her decision to retire in July. As previously announced, Glaser will remain with Etsy as an advisor through June 30, 2025 to ensure a smooth transition. Baker will assume all of Glaser's prior responsibilities, including oversight of Strategic Finance, Analytics, Accounting, Internal Audit, Investor Relations, Tax, Treasury, Strategic Sourcing, and Corporate Development. Baker served as Chief Financial Officer of Eventbrite from September 2019 until November 2024. In August 2024, he added the role of Chief Operating Officer to his responsibilities. Prior to Eventbrite Baker was CFO at Yelp, where he led corporate finance, investor relations and workplace functions during a period of significant growth for the business. Baker has also served as the CEO and CFO at Zip Realty and CFO at Monster Worldwide. Baker began his career as a highly respected equity research analyst in the internet and ecommerce sectors at Salomon Brothers (subsequently Salomon Smith Barney, then Citigroup). Baker has served as a member of the Board of Directors of multiple internet companies, including Leaf Group, XO Group, and HomeAway. The change is effective the first week of January 2025.
Board Change • Dec 01Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 6 highly experienced directors. Independent Director Marc Steinberg was the last director to join the board, commencing their role in 2024. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Seeking Alpha • Nov 21Etsy: I Agree With Elliott Management's OptimismSummary Elliott Management increased its stake in Etsy, Inc. to 5M shares, as per its 13F filing, signaling confidence in Etsy's long-term potential amidst current investor pessimism. Although Etsy sees a decline in GMS and Active Buyers on the platform, it is investing in strategic initiatives like an app revamp, improved search, and loyalty program to boost purchase frequency. Meanwhile, its Gifting GMS is a bright spot as it grows above expectation, representing a higher share of Total GMS. With holiday season in the corner, gifting GMS should continue to rise steadily. Although the management has yet to translate its initiatives into tangible results, I believe the favorable FY25 comps environment should be favorable, driving sizable upside for the stock. Read the full article on Seeking Alpha
Seeking Alpha • Nov 12Etsy: A Beaten Down Stock With Hidden ValueSummary Etsy's stock has declined over 22% in the past year due to changing consumer behavior and increased competition from Amazon and Shopify. Despite challenges, Etsy's focus on specialized platforms like Depop and Reverb shows potential for growth in sustainable and niche markets. Financials reveal mixed performance, but Q3 2024 results indicate stability with a slight revenue increase and strong cost control. A DCF analysis suggests a potential 25% upside, valuing Etsy shares at around $66.47, supporting a buy rating amidst cautious optimism. Read the full article on Seeking Alpha
Reported Earnings • Nov 01Third quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behindThird quarter 2024 results: EPS: US$0.50 (down from US$0.72 in 3Q 2023). Revenue: US$662.4m (up 4.1% from 3Q 2023). Net income: US$57.4m (down 35% from 3Q 2023). Profit margin: 8.7% (down from 14% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) missed analyst estimates by 15%. Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Multiline Retail industry in the US. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has fallen by 42% per year, which means it is performing significantly worse than earnings.
お知らせ • Oct 31Etsy, Inc. (NasdaqGS:ETSY) announces an Equity Buyback for $1,000 million worth of its shares.Etsy, Inc. (NasdaqGS:ETSY) announces a share repurchase program. Under the program, the company will repurchase up to $1,000 million worth of its common stock. The stock repurchase program has no expiration date.
Seeking Alpha • Oct 20Etsy: A Pandemic Growth Stock Ready For A Rebound In 2025Summary Etsy thrived during the pandemic as consumers flocked to online shopping, but as economic conditions worsened, shares plummeted over 80% from their peak. Despite the stock's decline to 2018 levels, Etsy's revenues have increased 4.5x, margins have expanded, and earnings have quadrupled. Management is implementing strategies like a loyalty program and "Gift Mode" to increase customer engagement and drive gross merchandise sales. With shares trading at 11x earnings and a fortress balance sheet, the current valuation presents a strong buying opportunity for long-term investors. Read the full article on Seeking Alpha
お知らせ • Oct 17Etsy, Inc. to Report Q3, 2024 Results on Oct 30, 2024Etsy, Inc. announced that they will report Q3, 2024 results After-Market on Oct 30, 2024
Recent Insider Transactions Derivative • Oct 04CEO, President & Director exercised options and sold US$759k worth of stockOn the 1st of October, Joshua Silverman exercised options to acquire 15k shares at no cost and sold these for an average price of US$52.30 per share. This trade did not impact their existing holding. For the year to December 2017, Joshua's total compensation was 4% salary and 96% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since December 2023, Joshua's direct individual holding has increased from 187.24k shares to 217.19k. Company insiders have collectively sold US$14m more than they bought, via options and on-market transactions in the last 12 months.
お知らせ • Sep 23+ 1 more updateEtsy, Inc.(NasdaqGS:ETSY) dropped from S&P 500 ValueEtsy, Inc.(NasdaqGS:ETSY) dropped from S&P 500 Value
