Topline Capital Management LLC Increases Stake in 1stdibs.com, Inc. $DIBS

Topline Capital Management LLC boosted its holdings in shares of 1stdibs.com, Inc. (NASDAQ:DIBS) by 341.6% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 192,115 shares of the company’s stock after buying an additional 148,611 shares during the quarter. Topline Capital Management LLC’s holdings in 1stdibs.com were worth $498,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in DIBS. Squarepoint Ops LLC grew its stake in shares of 1stdibs.com by 78.1% in the third quarter. Squarepoint Ops LLC now owns 47,824 shares of the company’s stock worth $124,000 after acquiring an additional 20,965 shares in the last quarter. Harspring Capital Management LLC raised its stake in shares of 1stdibs.com by 22.0% in the third quarter. Harspring Capital Management LLC now owns 610,000 shares of the company’s stock valued at $1,580,000 after acquiring an additional 110,000 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in 1stdibs.com by 111.9% in the third quarter. Arrowstreet Capital Limited Partnership now owns 68,316 shares of the company’s stock valued at $177,000 after purchasing an additional 36,072 shares during the period. JPMorgan Chase & Co. boosted its holdings in 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 during the period. Finally, Truffle Hound Capital LLC grew its stake in 1stdibs.com by 50.0% during the 3rd quarter. Truffle Hound Capital LLC now owns 600,000 shares of the company’s stock worth $1,554,000 after purchasing an additional 200,000 shares in the last quarter. Hedge funds and other institutional investors own 66.97% of the company’s stock.

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 that occurred on Monday, March 9th. The stock was sold at an average price of $5.50, for a total value of $67,364.00. Following the completion of the sale, the general counsel directly owned 224,270 shares of the company’s stock, valued at approximately $1,233,485. This represents a 5.18% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold 14,900 shares of company stock valued at $82,002 over the last three months. 19.60% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on DIBS shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of 1stdibs.com in a research report on Monday, December 29th. Wall Street Zen raised 1stdibs.com from a “hold” rating to a “buy” rating in a research report on Saturday, March 7th. Finally, Northland Securities upgraded shares of 1stdibs.com from a “market perform” rating to an “outperform” rating and set a $7.00 target price on the stock in a research note on Tuesday, March 3rd. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $7.00.

1stdibs.com Stock Performance

DIBS opened at $5.37 on Friday. 1stdibs.com, Inc. has a one year low of $2.30 and a one year high of $6.62. The stock has a market capitalization of $194.34 million, a P/E ratio of -13.77 and a beta of 1.06. The business’s 50-day simple moving average is $5.56 and its 200-day simple moving average is $4.59.

1stdibs.com (NASDAQ:DIBS) last announced its earnings results on Friday, February 27th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating 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%. On average, equities research analysts forecast that 1stdibs.com, Inc. will post -0.52 EPS for the current fiscal year.

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.