683 Capital Management LLC Makes New Investment in 1stdibs.com, Inc. $DIBS

683 Capital Management LLC acquired a new position in shares of 1stdibs.com, Inc. (NASDAQ:DIBS) in the fourth quarter, Holdings Channel reports. The fund acquired 175,786 shares of the company’s stock, valued at approximately $1,053,000.

A number of other hedge funds also recently added to or reduced their stakes in DIBS. Joel Isaacson & Co. LLC raised its stake in shares of 1stdibs.com by 53.5% during the 4th quarter. Joel Isaacson & Co. LLC now owns 1,067,746 shares of the company’s stock worth $6,396,000 after buying an additional 372,367 shares in the last quarter. Harspring Capital Management LLC raised its stake in shares of 1stdibs.com by 8.2% during the 4th quarter. Harspring Capital Management LLC now owns 660,000 shares of the company’s stock worth $3,953,000 after buying an additional 50,000 shares in the last quarter. Acadian Asset Management LLC raised its stake in shares of 1stdibs.com by 5.6% during the 1st quarter. Acadian Asset Management LLC now owns 286,063 shares of the company’s stock worth $867,000 after buying an additional 15,206 shares in the last quarter. Jane Street Group LLC raised its stake in shares of 1stdibs.com by 391.9% during the 4th quarter. Jane Street Group LLC now owns 281,587 shares of the company’s stock worth $1,687,000 after buying an additional 224,341 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in shares of 1stdibs.com by 182.3% during the 4th quarter. Goldman Sachs Group Inc. now owns 249,563 shares of the company’s stock worth $1,495,000 after buying an additional 161,150 shares in the last quarter. 66.97% of the stock is owned by institutional investors and hedge funds.

1stdibs.com Price Performance

NASDAQ DIBS opened at $4.17 on Thursday. 1stdibs.com, Inc. has a 1-year low of $2.50 and a 1-year high of $6.62. The company has a market capitalization of $147.33 million, a P/E ratio of -13.45 and a beta of 0.75. The business has a 50 day moving average price of $4.80 and a 200 day moving average price of $5.36.

1stdibs.com (NASDAQ:DIBS) last released its quarterly earnings results on Friday, May 8th. The company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.02). The company had revenue of $22.39 million for the quarter, compared to analysts’ expectations of $22.73 million. 1stdibs.com had a negative return on equity of 12.05% and a negative net margin of 12.33%. On average, research analysts expect that 1stdibs.com, Inc. will post -0.23 earnings per share for the current fiscal year.

Analyst Ratings Changes

DIBS has been the subject of a number of analyst reports. Wall Street Zen downgraded 1stdibs.com from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Northland Securities raised 1stdibs.com from a “market perform” rating to an “outperform” rating and set a $7.00 target price for the company in a research note on Tuesday, March 3rd. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of 1stdibs.com in a research note on Friday, March 27th. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $7.00.

Insiders Place Their Bets

In related news, CEO David S. Rosenblatt purchased 47,500 shares of the company’s stock in a transaction on Tuesday, May 12th. The stock was bought at an average price of $4.51 per share, with a total value of $214,225.00. Following the completion of the transaction, the chief executive officer owned 712,802 shares of the company’s stock, valued at approximately $3,214,737.02. This represents a 7.14% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 24.21% of the company’s stock.

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.