Wedbush

Since our founding in 1955, Wedbush has been a leader in the financial industry providing our clients with a wide range of services; including institutional sales, correspondent clearing services, equity research, corporate and municipal finance, equity market making, fixed income trading, prime brokerage, and wealth management. Headquartered in Los Angeles, with 100 registered offices, the firm focuses on dedicated service, client financial safety, continuity, and advanced technology.

Chase Tohanczyn ... (+3)
  • Chase Tohanczyn
  • Matthew Weiss
  • Scott Devitt
Chase Tohanczyn ... (+3)
  • Chase Tohanczyn
  • Matthew Weiss
  • Scott Devitt
Chase Tohanczyn ... (+3)
  • Chase Tohanczyn
  • Matthew Weiss
  • Scott Devitt

Returning to Positive Growth; Neutral, $72 PT

Figure 1. 3Q25 Results vs. EstimatesSource: Company reports, Wedbush estimates, FactSet consensus3Q results ahead of expectations. Etsy reported GMS declines in 3Q of -6.5% Y/Y to $2.7B, +160bps ahead of St. estimates (-8.2% Y/Y). Total revenue of $678mm (+2.4% Y/Y) exceeded consensus by ~4%, with

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