Joel Isaacson & Co. LLC Acquires 158,169 Shares of 1stdibs.com, Inc. $DIBS

Joel Isaacson & Co. LLC increased its holdings in shares of 1stdibs.com, Inc. (NASDAQ:DIBS) by 29.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 695,379 shares of the company’s stock after purchasing an additional 158,169 shares during the period. Joel Isaacson & Co. LLC’s holdings in 1stdibs.com were worth $1,801,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Truffle Hound Capital LLC acquired a new stake in shares of 1stdibs.com during the second quarter worth $1,100,000. Acadian Asset Management LLC boosted its position in shares of 1stdibs.com by 5.6% during the first quarter. Acadian Asset Management LLC now owns 286,063 shares of the company’s stock worth $867,000 after buying an additional 15,206 shares during the period. Goldman Sachs Group Inc. grew its holdings in shares of 1stdibs.com by 60.6% during the first quarter. Goldman Sachs Group Inc. now owns 118,051 shares of the company’s stock worth $359,000 after buying an additional 44,541 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in 1stdibs.com in the 2nd quarter valued at approximately $254,000. Finally, Jane Street Group LLC lifted its stake in 1stdibs.com by 380.8% in the 2nd quarter. Jane Street Group LLC now owns 71,375 shares of the company’s stock valued at $196,000 after acquiring an additional 56,530 shares in the last quarter. Institutional investors and hedge funds own 66.97% of the company’s stock.

1stdibs.com Trading Down 2.2%

Shares of DIBS opened at $5.75 on Wednesday. The company’s fifty day simple moving average is $5.74 and its 200 day simple moving average is $3.87. 1stdibs.com, Inc. has a 1-year low of $2.30 and a 1-year high of $6.62. The company has a market cap of $210.51 million, a price-to-earnings ratio of -11.50 and a beta of 1.05.

1stdibs.com (NASDAQ:DIBS) last announced its quarterly earnings data on Friday, November 7th. The company reported ($0.10) EPS for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.03. The company had revenue of $21.97 million during the quarter, compared to the consensus estimate of $21.51 million. 1stdibs.com had a negative net margin of 19.94% and a negative return on equity of 18.56%. As a group, research analysts forecast that 1stdibs.com, Inc. will post -0.52 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Wall Street Zen cut shares of 1stdibs.com from a “buy” rating to a “hold” rating in a research note on Saturday, January 3rd. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of 1stdibs.com in a research report on Monday, December 29th. Northland Capmk raised shares of 1stdibs.com to a “hold” rating in a research report on Monday, December 29th. Finally, Northland Securities initiated coverage on shares of 1stdibs.com in a research note on Monday, December 29th. They set a “market perform” rating and a $7.00 price objective for the company. Two equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, 1stdibs.com currently has a consensus rating of “Reduce” and an average target price of $7.00.

Insider Buying and Selling

In other 1stdibs.com news, CEO David S. Rosenblatt sold 595,071 shares of the business’s stock in a transaction that occurred on Monday, November 24th. The stock was sold at an average price of $5.09, for a total transaction of $3,028,911.39. Following the transaction, the chief executive officer owned 1,917,493 shares of the company’s stock, valued at $9,760,039.37. The trade was a 23.68% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Thomas J. Etergino sold 27,066 shares of the company’s stock in a transaction that occurred on Monday, December 8th. The shares were sold at an average price of $5.96, for a total value of $161,313.36. Following the completion of the sale, the chief financial officer owned 266,885 shares in the company, valued at $1,590,634.60. This represents a 9.21% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 706,640 shares of company stock worth $3,693,863. Company insiders own 23.48% of the company’s stock.

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.