Key Points
- General Counsel Melanie Goins sold 12,248 shares on March 9 at an average price of $5.50 for a total of $67,364, trimming her position by 5.18% to 224,270 shares (≈$1.23M).
- 1stdibs.com (NASDAQ:DIBS) shares traded down to $5.35 (-2.0%); the company reported Q4 EPS of ($0.03) that beat estimates while revenue of $22.97M was slightly below expectations, and analysts hold a consensus "Hold" with a $7.00 price target.
- Institutional investors own about 66.97% of the stock, with recent stake increases from firms including Bank of America and Goldman Sachs.
1stdibs.com, Inc. (NASDAQ:DIBS - Get Free Report) General Counsel Melanie Goins sold 2,616 shares of the business's stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $5.52, for a total transaction of $14,440.32. Following the completion of the sale, the general counsel directly owned 221,654 shares in the company, valued at approximately $1,223,530.08. This trade represents a 1.17% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
1stdibs.com Stock Down 1.8%
DIBS traded down $0.10 on Thursday, hitting $5.36. The company's stock had a trading volume of 43,814 shares, compared to its average volume of 213,187. The company's 50 day simple moving average is $5.58 and its 200-day simple moving average is $4.57. The firm has a market cap of $193.98 million, a P/E ratio of -13.74 and a beta of 1.06. 1stdibs.com, Inc. has a 12 month low of $2.30 and a 12 month high of $6.62.
1stdibs.com (NASDAQ:DIBS - Get Free Report) last issued its earnings results on Friday, February 27th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.04) by $0.01. The business had revenue of $22.97 million for the quarter, compared to analysts' expectations of $23.10 million. 1stdibs.com had a negative net margin of 15.25% and a negative return on equity of 14.44%. Equities analysts predict that 1stdibs.com, Inc. will post -0.52 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
A number of brokerages recently issued reports on DIBS. Weiss Ratings reissued a "sell (d-)" rating on shares of 1stdibs.com in a report on Monday, December 29th. Wall Street Zen raised 1stdibs.com from a "hold" rating to a "buy" rating in a report on Saturday, March 7th. Finally, Northland Securities upgraded 1stdibs.com from a "market perform" rating to an "outperform" rating and set a $7.00 price target on the stock in a research report on Tuesday, March 3rd. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $7.00.
Read Our Latest Analysis on DIBS
Institutional Trading of 1stdibs.com
A number of large investors have recently modified their holdings of DIBS. FNY Investment Advisers LLC purchased a new position in shares of 1stdibs.com during the fourth quarter worth about $29,000. Larson Financial Group LLC raised its stake in 1stdibs.com by 2,596.0% in the fourth quarter. Larson Financial Group LLC now owns 8,088 shares of the company's stock valued at $48,000 after purchasing an additional 7,788 shares in the last quarter. JPMorgan Chase & Co. lifted its position in 1stdibs.com by 59.1% during the third quarter. JPMorgan Chase & Co. now owns 10,395 shares of the company's stock valued at $27,000 after purchasing an additional 3,862 shares during the last quarter. Susquehanna Portfolio Strategies LLC purchased a new position in 1stdibs.com in the 4th quarter worth approximately $64,000. Finally, Jump Financial LLC purchased a new position in 1stdibs.com in the 2nd quarter worth approximately $30,000. Institutional investors own 66.97% of the company's stock.
About 1stdibs.com
(
Get Free Report)
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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