1stdibs.Com (NASDAQ:DIBS) Releases Quarterly Earnings Results, Beats Expectations By $0.01 EPS

1stdibs.Com (NASDAQ:DIBS) released its quarterly earnings data on Wednesday. The company reported ($0.08) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.01, Briefing.com reports. 1stdibs.Com had a negative return on equity of 16.46% and a negative net margin of 26.80%. The firm had revenue of $22.10 million during the quarter, compared to analysts’ expectations of $21.23 million. During the same quarter last year, the firm earned ($0.21) earnings per share. The business’s revenue for the quarter was down .5% on a year-over-year basis. 1stdibs.Com updated its Q2 2024 guidance to EPS.

1stdibs.Com Trading Up 0.3 %

Shares of NASDAQ:DIBS opened at $5.90 on Friday. The stock has a market capitalization of $234.64 million, a PE ratio of -10.35 and a beta of 1.04. 1stdibs.Com has a 1 year low of $3.44 and a 1 year high of $6.30. The firm has a fifty day moving average price of $5.66 and a 200 day moving average price of $4.94.

Analyst Upgrades and Downgrades

Separately, Evercore ISI raised 1stdibs.Com from an “in-line” rating to an “outperform” rating and boosted their price target for the company from $6.00 to $8.00 in a research note on Monday, March 18th.

Insider Buying and Selling at 1stdibs.Com

In related news, major shareholder Insight Holdings Group, Llc sold 23,847 shares of the business’s stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $6.19, for a total value of $147,612.93. Following the completion of the sale, the insider now directly owns 54,601 shares in the company, valued at approximately $337,980.19. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other 1stdibs.Com news, major shareholder Insight Holdings Group, Llc sold 23,847 shares of the company’s stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $6.19, for a total transaction of $147,612.93. Following the completion of the sale, the insider now directly owns 54,601 shares in the company, valued at $337,980.19. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Thomas J. Etergino sold 4,500 shares of 1stdibs.Com stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $5.91, for a total value of $26,595.00. Following the completion of the transaction, the chief financial officer now owns 95,220 shares in the company, valued at $562,750.20. The disclosure for this sale can be found here. Insiders have sold a total of 301,878 shares of company stock worth $1,745,182 over the last three months. Corporate insiders own 20.28% of the company’s stock.

1stdibs.Com Company Profile

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.