1stdibs.com, Inc. (NASDAQ:DIBS – Get Free Report) shares dropped 0.7% on Thursday . The company traded as low as $4.23 and last traded at $4.23. Approximately 92,398 shares changed hands during mid-day trading, a decline of 68% from the average daily volume of 286,519 shares. The stock had previously closed at $4.26.
Wall Street Analysts Forecast Growth
DIBS has been the subject of a number of research reports. Wall Street Zen cut shares of 1stdibs.com from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Northland Securities raised shares of 1stdibs.com from a “market perform” rating to an “outperform” rating and set a $7.00 price target for the company in a research report on Tuesday, March 3rd. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of 1stdibs.com in a report on Friday, March 27th. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $7.00.
View Our Latest Report on DIBS
1stdibs.com Stock Down 3.3%
1stdibs.com (NASDAQ:DIBS – Get Free Report) last issued its quarterly earnings results on Friday, May 8th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.02). 1stdibs.com had a negative return on equity of 12.05% and a negative net margin of 12.33%.The firm had revenue of $22.39 million for the quarter, compared to analyst estimates of $22.73 million. On average, analysts anticipate that 1stdibs.com, Inc. will post -0.23 earnings per share for the current year.
Insider Transactions at 1stdibs.com
In other 1stdibs.com news, General Counsel Melanie F. Goins sold 12,248 shares of the company’s stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $5.50, for a total transaction of $67,364.00. Following the transaction, the general counsel directly owned 224,270 shares in the company, valued at approximately $1,233,485. This represents a 5.18% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO David S. Rosenblatt bought 47,500 shares of the stock in a transaction on Tuesday, May 12th. The shares were bought at an average price of $4.51 per share, for a total transaction of $214,225.00. Following the completion of the transaction, the chief executive officer directly owned 712,802 shares of the company’s stock, valued at $3,214,737.02. This trade represents a 7.14% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders have sold 15,000 shares of company stock worth $82,553. Company insiders own 24.21% of the company’s stock.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in DIBS. Kanen Wealth Management LLC acquired a new position in 1stdibs.com during the fourth quarter worth about $7,018,000. Joel Isaacson & Co. LLC grew its position in 1stdibs.com by 53.5% during the fourth quarter. Joel Isaacson & Co. LLC now owns 1,067,746 shares of the company’s stock worth $6,396,000 after buying an additional 372,367 shares during the period. Jane Street Group LLC grew its position in 1stdibs.com by 391.9% during the fourth quarter. Jane Street Group LLC now owns 281,587 shares of the company’s stock worth $1,687,000 after buying an additional 224,341 shares during the period. Truffle Hound Capital LLC grew its position in 1stdibs.com by 50.0% during the third quarter. Truffle Hound Capital LLC now owns 600,000 shares of the company’s stock worth $1,554,000 after buying an additional 200,000 shares during the period. Finally, 683 Capital Management LLC acquired a new position in 1stdibs.com during the fourth quarter worth about $1,053,000. 66.97% of the stock is currently owned by institutional investors and hedge funds.
1stdibs.com Company Profile
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.
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