Key Points
- CEO David Rosenblatt sold 73,207 shares on December 8 at an average price of $5.96, generating $436,313.72 and reducing his stake by 3.57% to 1,976,786 shares (valued at about $11.78M).
- Shares opened at $5.98 with a 50-day/200-day moving average of $4.15/$3.22 and a 52-week range of $2.30–$6.62; the company reported a Q3 EPS of -$0.10 (beating -$0.13) on $21.97M revenue but remains unprofitable with negative margins and ROE.
- Analyst sentiment is mixed—Wall Street Zen upgraded to a "buy" while Weiss Ratings keeps a "sell (d-)", leaving an overall MarketBeat average rating of "Reduce", and institutions hold about 66.97% of the stock.
1stdibs.com, Inc. (NASDAQ:DIBS - Get Free Report) General Counsel Melanie Goins sold 11,296 shares of 1stdibs.com stock in a transaction that occurred on Monday, December 8th. The stock was sold at an average price of $5.96, for a total value of $67,324.16. Following the sale, the general counsel directly owned 213,068 shares in the company, valued at $1,269,885.28. The trade was a 5.03% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.
1stdibs.com Stock Performance
Shares of DIBS stock traded up $0.07 during trading hours on Thursday, hitting $6.05. The company had a trading volume of 23,252 shares, compared to its average volume of 145,988. 1stdibs.com, Inc. has a 12 month low of $2.30 and a 12 month high of $6.62. The firm's fifty day moving average is $4.15 and its 200 day moving average is $3.22. The firm has a market capitalization of $221.51 million, a price-to-earnings ratio of -12.10 and a beta of 1.06.
1stdibs.com (NASDAQ:DIBS - Get Free Report) last posted its earnings results on Friday, November 7th. The company reported ($0.10) EPS for the quarter, topping the consensus estimate of ($0.13) by $0.03. 1stdibs.com had a negative return on equity of 18.56% and a negative net margin of 19.94%.The business had revenue of $21.97 million during the quarter, compared to the consensus estimate of $21.51 million. On average, sell-side analysts expect that 1stdibs.com, Inc. will post -0.52 EPS for the current fiscal year.
Institutional Investors Weigh In On 1stdibs.com
Several hedge funds and other institutional investors have recently made changes to their positions in DIBS. Truffle Hound Capital LLC acquired a new position in shares of 1stdibs.com during the second quarter valued at $1,100,000. Joel Isaacson & Co. LLC lifted its position in 1stdibs.com by 29.4% during the 3rd quarter. Joel Isaacson & Co. LLC now owns 695,379 shares of the company's stock valued at $1,801,000 after purchasing an additional 158,169 shares during the period. Topline Capital Management LLC boosted its stake in shares of 1stdibs.com by 341.6% in the 3rd quarter. Topline Capital Management LLC now owns 192,115 shares of the company's stock valued at $498,000 after purchasing an additional 148,611 shares during the last quarter. Harspring Capital Management LLC raised its position in shares of 1stdibs.com by 22.0% during the 3rd quarter. Harspring Capital Management LLC now owns 610,000 shares of the company's stock valued at $1,580,000 after acquiring an additional 110,000 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new position in shares of 1stdibs.com in the 2nd quarter valued at $254,000. 66.97% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently weighed in on DIBS shares. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of 1stdibs.com in a report on Monday. Wall Street Zen raised shares of 1stdibs.com from a "hold" rating to a "buy" rating in a research note on Saturday, December 6th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, 1stdibs.com has an average rating of "Reduce".
View Our Latest Research Report on DIBS
1stdibs.com Company Profile
(
Get Free Report)
1stdibs.Com, Inc operates an online marketplace for luxury design products worldwide. Its marketplace connects customers with sellers and makers of vintage, antique, and contemporary furniture; and home décor, jewelry, watches, art, and fashion products. The company was incorporated in 2000 and is headquartered in New York, New York.
Further Reading
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