Insider Selling: 1stdibs.com (NASDAQ:DIBS) General Counsel Sells 2,616 Shares of Stock

1stdibs.com, Inc. (NASDAQ:DIBS) General Counsel Melanie Goins sold 2,616 shares of the firm’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 value of $14,440.32. Following the completion of the transaction, the general counsel 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 filing with the Securities & Exchange Commission, which is accessible through this link.

1stdibs.com Stock Down 0.2%

1stdibs.com stock traded down $0.01 during mid-day trading on Wednesday, hitting $5.46. The company had a trading volume of 230,210 shares, compared to its average volume of 226,786. 1stdibs.com, Inc. has a 1 year low of $2.30 and a 1 year high of $6.62. The business has a fifty day moving average of $5.58 and a 200 day moving average of $4.57. The stock has a market cap of $197.60 million, a price-to-earnings ratio of -14.00 and a beta of 1.06.

1stdibs.com (NASDAQ:DIBS) last issued its earnings results on Friday, February 27th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.04) by $0.01. The business had revenue of $22.97 million during 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 anticipate that 1stdibs.com, Inc. will post -0.52 earnings per share for the current year.

Hedge Funds Weigh In On 1stdibs.com

Several institutional investors have recently made changes to their positions in DIBS. JPMorgan Chase & Co. lifted its holdings 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 valued at $27,000 after purchasing an additional 3,862 shares in the last quarter. Bank of America Corp DE increased its holdings in 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 buying an additional 4,006 shares during the last quarter. Two Sigma Investments LP raised its position in 1stdibs.com by 4.0% during the third quarter. Two Sigma Investments LP now owns 112,460 shares of the company’s stock valued at $291,000 after acquiring an additional 4,296 shares in the last quarter. FNY Investment Advisers LLC acquired a new stake in 1stdibs.com in the 4th quarter valued at approximately $29,000. Finally, Jacobs Levy Equity Management Inc. increased its position in 1stdibs.com by 21.5% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 40,328 shares of the company’s stock worth $104,000 after buying an additional 7,132 shares during the period. 66.97% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on DIBS shares. Wall Street Zen upgraded 1stdibs.com from a “hold” rating to a “buy” rating in a research note on Saturday. Northland Securities upgraded 1stdibs.com from a “market perform” rating to an “outperform” rating and set a $7.00 price objective on the stock in a research note on Tuesday, March 3rd. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of 1stdibs.com in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, 1stdibs.com presently has a consensus rating of “Hold” and a consensus target price of $7.00.

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.