What's Going On With Etsy Shares Today?

Etsy Inc ETSY shares are trading higher Thursday after the company reported mixed fourth-quarter results. Several analysts adjusted price targets on the stock following the print. 

• Q4 Revenue: $807.24 million beat estimates of $751.26 million
• Q4 EPS: $0.77 missed estimates of $0.80 per share

Gross merchandise sales totaled $4 billion in the quarter, representing a decline of 4% year-over-year. Etsy marketplace GMS came in at $3.7 billion, down 3.5% year-over-year, but up 145% on a three-year basis.

"Despite significant macroeconomic headwinds, we maintained the vast majority of our pandemic gains and delivered double digit revenue growth and excellent profitability for the year," said Josh Silverman, CEO of Etsy.

Etsy sees first-quarter revenue in a range of $600 million to $640 million versus estimates of $621.61 million. GMS is expected to be between $2.95 billion and $3.15 billion.

Related Link: Etsy Q4 Earnings Highlights: Revenue Beat, EPS Miss, New Buyer Growth, Guidance And More

Analyst Assessment:

• Needham analyst Anna Andreeva maintained Etsy with a Buy and a $160 price target.
• Barclays analyst Trevor Young maintained Etsy with an Equal-Weight and raised the price target from $98 to $115.
• UBS analyst Kunal Madhukar maintained Etsy with a Neutral and raised the price target from $124 to $135.
• Oppenheimer analyst Jason Helfstein maintained Etsy with an Outperform and raised the price target from $150 to $155.
• Morgan Stanley analyst Lauren Schenk maintained Etsy with an Equal-Weight and lowered the price target from $75 to $74.
• Piper Sandler analyst Edward Yruma maintained Etsy with a Neutral and raised the price target from $105 to $135.

ETSY Price Action: Etsy has a 52-week high of $163.84 and a 52-week low of $67.01.

The stock was up 3.55% at $133 at the time of writing, according to Benzinga Pro.

Photo: Jared Tarbell from Flickr.