1stdibs.Com, Inc. (NASDAQ:DIBS – Get Rating) insider Alison K. Lipman sold 3,106 shares of the stock in a transaction on Friday, September 9th. The shares were sold at an average price of $5.96, for a total transaction of $18,511.76. Following the transaction, the insider now directly owns 10,300 shares in the company, valued at $61,388. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
1stdibs.Com Stock Performance
Shares of NASDAQ DIBS traded up $0.20 during mid-day trading on Tuesday, reaching $6.70. The company's stock had a trading volume of 168,272 shares, compared to its average volume of 229,807. The stock has a 50-day moving average of $6.50 and a two-hundred day moving average of $6.84. The stock has a market capitalization of $258.57 million, a P/E ratio of -11.96 and a beta of 0.87. 1stdibs.Com, Inc. has a 1-year low of $4.77 and a 1-year high of $19.00.
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1stdibs.Com (NASDAQ:DIBS – Get Rating) last issued its earnings results on Wednesday, August 10th. The company reported ($0.26) EPS for the quarter, missing analysts' consensus estimates of ($0.24) by ($0.02). The business had revenue of $24.58 million during the quarter, compared to analyst estimates of $24.85 million. 1stdibs.Com had a negative net margin of 20.57% and a negative return on equity of 19.67%. 1stdibs.Com's quarterly revenue was down .5% on a year-over-year basis. During the same quarter last year, the company earned ($0.44) earnings per share. Analysts predict that 1stdibs.Com, Inc. will post -0.72 EPS for the current fiscal year.
Institutional Investors Weigh In On 1stdibs.Com
A number of hedge funds have recently modified their holdings of DIBS. CI Investments Inc. acquired a new stake in shares of 1stdibs.Com in the first quarter valued at about $48,000. California State Teachers Retirement System increased its position in 1stdibs.Com by 114.1% during the first quarter. California State Teachers Retirement System now owns 8,703 shares of the company's stock worth $70,000 after purchasing an additional 4,638 shares during the last quarter. JPMorgan Chase & Co. increased its position in 1stdibs.Com by 31.3% during the second quarter. JPMorgan Chase & Co. now owns 12,484 shares of the company's stock worth $71,000 after purchasing an additional 2,975 shares during the last quarter. American International Group Inc. increased its position in 1stdibs.Com by 181.1% during the first quarter. American International Group Inc. now owns 10,066 shares of the company's stock worth $80,000 after purchasing an additional 6,485 shares during the last quarter. Finally, New York State Common Retirement Fund increased its position in 1stdibs.Com by 173.7% during the first quarter. New York State Common Retirement Fund now owns 10,558 shares of the company's stock worth $84,000 after purchasing an additional 6,700 shares during the last quarter. 51.00% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
DIBS has been the topic of several recent analyst reports. JMP Securities downgraded shares of 1stdibs.Com from an "outperform" rating to a "hold" rating and set a $9.00 price objective on the stock. in a report on Wednesday, June 1st. Barclays decreased their price objective on shares of 1stdibs.Com from $10.00 to $9.00 and set an "overweight" rating on the stock in a report on Thursday, August 11th.
1stdibs.Com Company Profile
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1stdibs.Com, Inc operates an online marketplace for vintage, antique, and contemporary furniture, home décor, jewelry, watches, art, and fashion products worldwide. The company offers online marketplace that enables commerce between sellers and buyers; and Design Manager, an online platform that provides software solution to interior designers.
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