Renaissance Technologies LLC Trims Holdings in 1stdibs.Com, Inc. (NASDAQ:DIBS)

Renaissance Technologies LLC cut its holdings in shares of 1stdibs.Com, Inc. (NASDAQ:DIBS) by 19.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 335,200 shares of the company’s stock after selling 80,300 shares during the quarter. Renaissance Technologies LLC’s holdings in 1stdibs.Com were worth $1,187,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. Landscape Capital Management L.L.C. purchased a new position in 1stdibs.Com in the fourth quarter valued at approximately $1,007,000. FIL Ltd boosted its position in 1stdibs.Com by 11.9% in the 4th quarter. FIL Ltd now owns 1,450,000 shares of the company’s stock valued at $5,133,000 after buying an additional 154,423 shares during the last quarter. Geode Capital Management LLC grew its stake in 1stdibs.Com by 16.8% during the 3rd quarter. Geode Capital Management LLC now owns 664,078 shares of the company’s stock valued at $2,929,000 after purchasing an additional 95,292 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of 1stdibs.Com by 61.8% in the fourth quarter. JPMorgan Chase & Co. now owns 172,213 shares of the company’s stock worth $610,000 after buying an additional 65,806 shares during the last quarter. Finally, Barclays PLC raised its stake in shares of 1stdibs.Com by 286.6% in the 3rd quarter. Barclays PLC now owns 34,182 shares of the company’s stock valued at $150,000 after purchasing an additional 25,341 shares in the last quarter. 66.97% of the stock is owned by institutional investors and hedge funds.

1stdibs.Com Trading Up 2.1 %

NASDAQ DIBS opened at $2.48 on Wednesday. The company has a 50-day moving average price of $2.96 and a two-hundred day moving average price of $3.57. 1stdibs.Com, Inc. has a 52 week low of $2.30 and a 52 week high of $6.20. The stock has a market cap of $88.52 million, a price-to-earnings ratio of -5.90 and a beta of 1.01.

1stdibs.Com (NASDAQ:DIBS) last issued its quarterly earnings data on Friday, February 28th. The company reported ($0.14) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.17) by $0.03. 1stdibs.Com had a negative net margin of 18.94% and a negative return on equity of 13.55%. The business had revenue of $22.77 million for the quarter, compared to analysts’ expectations of $21.57 million. As a group, equities research analysts expect that 1stdibs.Com, Inc. will post -0.52 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of 1stdibs.Com in a research report on Thursday, April 24th.

1stdibs.Com Profile

1stdibs.Com, Inc operates an online marketplace for luxury design products worldwide. Its marketplace connects customers with sellers and makers of vintage, antique, and contemporary furniture; and home décor, jewelry, watches, art, and fashion products. The company was incorporated in 2000 and is headquartered in New York, New York.