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1stdibs.Com Sees Unusually High Options Volume (NASDAQ:DIBS)

Defense World · Sep 24, 2022 01:21

1stdibs.Com, Inc. (NASDAQ:DIBS – Get Rating) saw some unusual options trading on Friday. Investors bought 23,100 call options on the company. This represents an increase of approximately 3,443% compared to the average daily volume of 652 call options.

Insider Activity at 1stdibs.Com

In related news, CTO Ross A. Paul sold 8,328 shares of the company's stock in a transaction that occurred on Friday, September 9th. The stock was sold at an average price of $5.96, for a total transaction of $49,634.88. Following the completion of the transaction, the chief technology officer now owns 142,686 shares in the company, valued at $850,408.56. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders sold a total of 19,962 shares of company stock worth $118,769 over the last quarter. 19.90% of the stock is owned by corporate insiders.

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Hedge Funds Weigh In On 1stdibs.Com

Institutional investors have recently added to or reduced their stakes in the company. Philosophy Capital Management LLC purchased a new position in shares of 1stdibs.Com in the 1st quarter worth approximately $6,801,000. Harbert Fund Advisors Inc. boosted its holdings in shares of 1stdibs.Com by 143.1% in the 2nd quarter. Harbert Fund Advisors Inc. now owns 969,959 shares of the company's stock worth $5,519,000 after purchasing an additional 570,920 shares during the period. BlackRock Inc. boosted its holdings in shares of 1stdibs.Com by 141.7% in the 1st quarter. BlackRock Inc. now owns 877,698 shares of the company's stock worth $7,013,000 after purchasing an additional 514,489 shares during the period. Greenhaven Road Investment Management L.P. purchased a new position in shares of 1stdibs.Com in the 4th quarter worth approximately $5,839,000. Finally, Vanguard Group Inc. boosted its holdings in shares of 1stdibs.Com by 155.6% in the 1st quarter. Vanguard Group Inc. now owns 726,244 shares of the company's stock worth $5,802,000 after purchasing an additional 442,072 shares during the period. Hedge funds and other institutional investors own 51.00% of the company's stock.

1stdibs.Com Stock Performance

DIBS stock opened at $6.08 on Friday. The business's 50-day moving average is $6.59 and its two-hundred day moving average is $6.74. 1stdibs.Com has a fifty-two week low of $4.77 and a fifty-two week high of $19.00. The company has a market cap of $234.65 million, a price-to-earnings ratio of -10.86 and a beta of 0.87.

1stdibs.Com (NASDAQ:DIBS – Get Rating) last issued its earnings results on Wednesday, August 10th. The company reported ($0.26) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.24) by ($0.02). The business 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 firm's revenue for the quarter was down .5% compared to the same quarter last year. During the same period last year, the business posted ($0.44) EPS. Equities analysts predict that 1stdibs.Com will post -0.98 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. JMP Securities downgraded 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. Barclays cut their target price on 1stdibs.Com from $10.00 to $9.00 and set an "overweight" rating on the stock in a research note on Thursday, August 11th.

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.