1stdibs.com, Inc. (NASDAQ:DIBS) Short Interest Update

1stdibs.com, Inc. (NASDAQ:DIBS) was the target of a significant increase in short interest during the month of March. As of March 31st, there was short interest totaling 572,136 shares, an increase of 57.0% from the March 15th total of 364,386 shares. Approximately 2.1% of the shares of the stock are sold short. Based on an average trading volume of 169,622 shares, the short-interest ratio is presently 3.4 days.

Analysts Set New Price Targets

DIBS has been the topic of a number of analyst reports. Northland Securities upgraded shares of 1stdibs.com from a “market perform” rating to an “outperform” rating and set a $7.00 target price on the stock in a research report on Tuesday, March 3rd. Weiss Ratings reissued a “sell (d-)” rating on shares of 1stdibs.com in a research note on Friday, March 27th. Finally, Wall Street Zen raised 1stdibs.com from a “hold” rating to a “buy” rating in a research note on Saturday, March 7th. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, 1stdibs.com has an average rating of “Hold” and an average target price of $7.00.

1stdibs.com Stock Down 0.3%

Shares of DIBS opened at $5.80 on Thursday. The firm has a market cap of $211.00 million, a PE ratio of -14.87 and a beta of 0.94. The company’s fifty day moving average is $5.45 and its two-hundred day moving average is $5.04. 1stdibs.com has a fifty-two week low of $2.34 and a fifty-two week high of $6.62.

1stdibs.com (NASDAQ:DIBS) last released its quarterly earnings data on Friday, February 27th. The company reported ($0.03) earnings per share for the quarter, beating the consensus estimate of ($0.04) by $0.01. The business had revenue of $22.97 million for the quarter, compared to analyst estimates of $23.10 million. 1stdibs.com had a negative return on equity of 14.44% and a negative net margin of 15.25%. As a group, equities research analysts anticipate that 1stdibs.com will post -0.52 earnings per share for the current year.

Insider Activity at 1stdibs.com

In related news, General Counsel Melanie F. Goins sold 12,248 shares of the firm’s stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $5.50, for a total transaction of $67,364.00. Following the sale, the general counsel owned 224,270 shares in the company, valued at approximately $1,233,485. This trade represents a 5.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold a total of 15,000 shares of company stock worth $82,553 over the last quarter. 24.21% of the stock is owned by company insiders.

Hedge Funds Weigh In On 1stdibs.com

Several hedge funds and other institutional investors have recently made changes to their positions in DIBS. Bank of America Corp DE lifted its position in 1stdibs.com by 31.8% during the 4th quarter. Bank of America Corp DE now owns 26,614 shares of the company’s stock worth $94,000 after acquiring an additional 6,424 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in 1stdibs.com by 60.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 118,051 shares of the company’s stock worth $359,000 after acquiring an additional 44,541 shares in the last quarter. Jane Street Group LLC acquired a new position in 1stdibs.com during the 1st quarter worth approximately $45,000. Acadian Asset Management LLC lifted its holdings in 1stdibs.com by 5.6% in the 1st quarter. Acadian Asset Management LLC now owns 286,063 shares of the company’s stock worth $867,000 after buying an additional 15,206 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership acquired a new position in 1stdibs.com in the 2nd quarter worth $89,000. Institutional investors and hedge funds own 66.97% of the company’s stock.

About 1stdibs.com

1stDibs.com is an online marketplace specializing in high-end furniture, fine art, jewelry, watches, fashion and decor. The platform curates offerings from independent dealers, galleries and luxury brands, enabling vetted sellers to reach discerning buyers around the world. Headquartered in New York with an additional office in Paris, 1stDibs has built a reputation for quality and authenticity through rigorous seller screening and detailed item vetting.

Launched in 2001 by founder Michael Bruno, the company has grown into a leading destination for both private collectors and interior design professionals.