1stdibs.Com, Inc. (NASDAQ:DIBS – Get Rating) was the target of unusually large options trading on Friday. Stock traders purchased 23,100 call options on the company. This is an increase of approximately 3,443% compared to the typical daily volume of 652 call options.
Analyst Upgrades and Downgrades
A number of equities analysts recently issued reports on the company. Barclays dropped their price objective on 1stdibs.Com from $10.00 to $9.00 and set an "overweight" rating for the company in a report on Thursday, August 11th. JMP Securities cut 1stdibs.Com from an "outperform" rating to a "hold" rating and set a $9.00 price objective for the company. in a report on Wednesday, June 1st.
Get 1stdibs.Com alerts:1stdibs.Com Stock Performance
NASDAQ DIBS traded down $0.08 on Friday, reaching $6.06. 4,790 shares of the stock traded hands, compared to its average volume of 197,088. The company has a fifty day moving average price of $6.58 and a 200-day moving average price of $6.75. The company has a market cap of $233.86 million, a price-to-earnings ratio of -10.96 and a beta of 0.87. 1stdibs.Com has a 12 month low of $4.77 and a 12 month high of $19.00.
1stdibs.Com (NASDAQ:DIBS – Get Rating) last issued its earnings results on Wednesday, August 10th. The company reported ($0.26) earnings per share for the quarter, missing analysts' consensus estimates of ($0.24) by ($0.02). The firm had revenue of $24.58 million for the quarter, compared to the consensus estimate of $24.85 million. 1stdibs.Com had a negative net margin of 20.57% and a negative return on equity of 19.67%. The company's revenue for the quarter was down .5% on a year-over-year basis. During the same period last year, the firm earned ($0.44) earnings per share. As a group, research analysts anticipate that 1stdibs.Com will post -0.98 earnings per share for the current fiscal year.Insiders Place Their Bets
In other news, CTO Ross A. Paul sold 8,328 shares of 1stdibs.Com stock in a transaction that occurred on Friday, September 9th. The stock was sold at an average price of $5.96, for a total value of $49,634.88. Following the completion of the transaction, the chief technology officer now owns 142,686 shares in the company, valued at approximately $850,408.56. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders have sold a total of 19,962 shares of company stock valued at $118,769 in the last quarter. 19.90% of the stock is currently owned by insiders.
Institutional Inflows and Outflows
Several large investors have recently made changes to their positions in DIBS. Harbert Fund Advisors Inc. increased its position in 1stdibs.Com by 143.1% during the 2nd quarter. Harbert Fund Advisors Inc. now owns 969,959 shares of the company's stock valued at $5,519,000 after buying an additional 570,920 shares in the last quarter. BlackRock Inc. boosted its stake in shares of 1stdibs.Com by 141.7% in the first quarter. BlackRock Inc. now owns 877,698 shares of the company's stock worth $7,013,000 after buying an additional 514,489 shares during the last quarter. Philosophy Capital Management LLC purchased a new stake in shares of 1stdibs.Com in the first quarter worth about $6,801,000. Vanguard Group Inc. boosted its stake in shares of 1stdibs.Com by 155.6% in the first quarter. Vanguard Group Inc. now owns 726,244 shares of the company's stock worth $5,802,000 after buying an additional 442,072 shares during the last quarter. Finally, Clearbridge Investments LLC boosted its stake in shares of 1stdibs.Com by 1.0% in the first quarter. Clearbridge Investments LLC now owns 538,044 shares of the company's stock worth $4,299,000 after buying an additional 5,102 shares during the last quarter. 51.00% of the stock is owned by institutional investors.
About 1stdibs.Com
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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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