Key Points
- CEO David Rosenblatt bought 47,500 shares of 1stdibs.com at an average price of $4.51, spending about $214,225 and boosting his ownership by 7.14% to 712,802 shares.
- 1stdibs.com recently reported quarterly results that missed analyst expectations, posting EPS of -$0.06 versus the expected -$0.04 and revenue of $22.39 million versus $22.73 million forecast.
- Wall Street sentiment remains mixed but cautious: the stock carries an average Hold rating with a $7.00 price target, while institutional investors own about 66.97% of the company.
1stdibs.com, Inc. (NASDAQ:DIBS - Get Free Report) CEO David Rosenblatt purchased 47,500 shares of the company's stock in a transaction that occurred on Tuesday, May 12th. The shares were acquired at an average cost of $4.51 per share, with a total value of $214,225.00. Following the completion of the purchase, the chief executive officer owned 712,802 shares of the company's stock, valued at $3,214,737.02. The trade was a 7.14% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website.
1stdibs.com Stock Performance
Shares of DIBS stock opened at $4.55 on Thursday. 1stdibs.com, Inc. has a 52-week low of $2.35 and a 52-week high of $6.62. The stock has a market cap of $160.75 million, a PE ratio of -14.68 and a beta of 0.76. The firm's 50 day moving average price is $5.37 and its two-hundred day moving average price is $5.37.
1stdibs.com (NASDAQ:DIBS - Get Free Report) last released its earnings results on Friday, May 8th. The company reported ($0.06) EPS for the quarter, missing analysts' consensus estimates of ($0.04) by ($0.02). The business had revenue of $22.39 million for the quarter, compared to analyst estimates of $22.73 million. 1stdibs.com had a negative return on equity of 12.05% and a negative net margin of 12.33%. As a group, sell-side analysts predict that 1stdibs.com, Inc. will post -0.22 earnings per share for the current fiscal year.
Institutional Trading of 1stdibs.com
Several hedge funds have recently added to or reduced their stakes in DIBS. FNY Investment Advisers LLC bought a new position in 1stdibs.com during the fourth quarter worth about $29,000. Larson Financial Group LLC increased its holdings in shares of 1stdibs.com by 2,596.0% in the fourth quarter. Larson Financial Group LLC now owns 8,088 shares of the company's stock worth $48,000 after acquiring an additional 7,788 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of 1stdibs.com by 59.1% during the third quarter. JPMorgan Chase & Co. now owns 10,395 shares of the company's stock worth $27,000 after purchasing an additional 3,862 shares during the period. Susquehanna Portfolio Strategies LLC acquired a new stake in shares of 1stdibs.com during the fourth quarter worth about $64,000. Finally, Jump Financial LLC bought a new position in shares of 1stdibs.com during the 2nd quarter valued at about $30,000. Institutional investors and hedge funds own 66.97% of the company's stock.
Wall Street Analyst Weigh In
DIBS has been the subject of a number of recent analyst reports. Northland Securities upgraded 1stdibs.com from a "market perform" rating to an "outperform" rating and set a $7.00 price objective for the company in a report on Tuesday, March 3rd. Weiss Ratings restated a "sell (d-)" rating on shares of 1stdibs.com in a report on Friday, March 27th. Finally, Wall Street Zen cut 1stdibs.com from a "buy" rating to a "hold" rating in a research note on Saturday, May 2nd. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, 1stdibs.com currently has an average rating of "Hold" and an average price target of $7.00.
Read Our Latest Analysis on DIBS
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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