1stdibs.com (NASDAQ:DIBS) Trading 3% Higher – Here’s What Happened

1stdibs.com, Inc. (NASDAQ:DIBS)’s share price rose 3% during trading on Monday . The company traded as high as $5.57 and last traded at $5.57. Approximately 160,392 shares changed hands during trading, a decline of 15% from the average daily volume of 189,520 shares. The stock had previously closed at $5.41.

Analyst Upgrades and Downgrades

DIBS has been the subject of a number of recent research reports. Wall Street Zen upgraded 1stdibs.com from a “hold” rating to a “buy” rating in a research report on Saturday, March 7th. Weiss Ratings reiterated a “sell (d-)” rating on shares of 1stdibs.com in a research report on Friday, March 27th. Finally, 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 research report on Tuesday, March 3rd. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $7.00.

1stdibs.com Stock Performance

The stock has a market cap of $200.82 million, a PE ratio of -14.15 and a beta of 0.94. The business has a 50-day moving average of $5.44 and a 200 day moving average of $4.94.

1stdibs.com (NASDAQ:DIBS) last posted its quarterly earnings data on Friday, February 27th. The company reported ($0.03) EPS for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.01. The firm had revenue of $22.97 million during the quarter, compared to analysts’ expectations of $23.10 million. 1stdibs.com had a negative return on equity of 14.44% and a negative net margin of 15.25%. Equities analysts expect that 1stdibs.com, Inc. will post -0.52 EPS for the current fiscal year.

Insider Buying and Selling at 1stdibs.com

In other news, General Counsel Melanie F. Goins sold 12,248 shares of the stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $5.50, for a total transaction of $67,364.00. Following the transaction, the general counsel directly owned 224,270 shares in the company, valued at $1,233,485. This represents a 5.18% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. In the last 90 days, insiders have sold 15,000 shares of company stock worth $82,553. Corporate insiders own 19.60% of the company’s stock.

Institutional Investors Weigh In On 1stdibs.com

Hedge funds have recently modified their holdings of the stock. JPMorgan Chase & Co. boosted its position in shares of 1stdibs.com by 59.1% in the third quarter. JPMorgan Chase & Co. now owns 10,395 shares of the company’s stock worth $27,000 after acquiring an additional 3,862 shares during the last quarter. FNY Investment Advisers LLC acquired a new stake in shares of 1stdibs.com in the fourth quarter worth approximately $29,000. Jump Financial LLC acquired a new stake in shares of 1stdibs.com in the second quarter worth approximately $30,000. Bank of America Corp DE boosted its position in shares of 1stdibs.com by 43.5% in the third quarter. Bank of America Corp DE now owns 13,216 shares of the company’s stock worth $34,000 after acquiring an additional 4,006 shares during the last quarter. Finally, Elevation Point Wealth Partners LLC acquired a new stake in shares of 1stdibs.com in the third quarter worth approximately $34,000. 66.97% of the stock is owned by institutional investors and hedge funds.

About 1stdibs.com

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.