1stdibs.com (NASDAQ:DIBS) Stock Price Down 0.7% – Here’s What Happened

1stdibs.com, Inc. (NASDAQ:DIBS) fell 0.7% on Thursday . The stock traded as low as $4.23 and last traded at $4.23. 92,398 shares were traded during trading, a decline of 68% from the average session volume of 286,519 shares. The stock had previously closed at $4.26.

Analyst Ratings Changes

Several brokerages have recently weighed in on DIBS. Weiss Ratings reiterated a “sell (d-)” rating on shares of 1stdibs.com in a report on Friday, March 27th. Northland Securities upgraded shares of 1stdibs.com from a “market perform” rating to an “outperform” rating and set a $7.00 price objective on the stock in a report on Tuesday, March 3rd. Finally, Wall Street Zen lowered shares of 1stdibs.com from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, 1stdibs.com has an average rating of “Hold” and an average price target of $7.00.

1stdibs.com Price Performance

The firm’s fifty day moving average price is $5.05 and its two-hundred day moving average price is $5.43. The stock has a market cap of $149.45 million, a price-to-earnings ratio of -13.64 and a beta of 0.75.

1stdibs.com (NASDAQ:DIBS) last announced its quarterly earnings data 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 analyst estimates of $22.73 million. 1stdibs.com had a negative net margin of 12.33% and a negative return on equity of 12.05%. On average, equities research analysts anticipate that 1stdibs.com, Inc. will post -0.23 earnings per share for the current year.

Insider Activity

In other 1stdibs.com news, CEO David S. Rosenblatt bought 47,500 shares of the firm’s stock in a transaction dated Tuesday, May 12th. The stock was bought at an average cost of $4.51 per share, with a total value of $214,225.00. Following the completion of the transaction, the chief executive officer directly owned 712,802 shares in the company, valued at approximately $3,214,737.02. The trade was a 7.14% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, General Counsel Melanie F. Goins sold 12,248 shares of the business’s stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $5.50, for a total transaction of $67,364.00. Following the sale, the general counsel directly owned 224,270 shares of the company’s stock, valued at approximately $1,233,485. The trade was a 5.18% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 15,000 shares of company stock valued at $82,553. 24.21% of the stock is currently owned by insiders.

Institutional Investors Weigh In On 1stdibs.com

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Kanen Wealth Management LLC increased its position in shares of 1stdibs.com by 75.8% during the first quarter. Kanen Wealth Management LLC now owns 2,068,723 shares of the company’s stock worth $11,378,000 after acquiring an additional 891,801 shares in the last quarter. Joel Isaacson & Co. LLC increased its position in shares of 1stdibs.com by 53.5% during the fourth quarter. Joel Isaacson & Co. LLC now owns 1,067,746 shares of the company’s stock worth $6,396,000 after acquiring an additional 372,367 shares in the last quarter. Harspring Capital Management LLC increased its position in shares of 1stdibs.com by 8.2% during the fourth quarter. Harspring Capital Management LLC now owns 660,000 shares of the company’s stock worth $3,953,000 after acquiring an additional 50,000 shares in the last quarter. Truffle Hound Capital LLC increased its position in shares of 1stdibs.com by 50.0% during the third quarter. Truffle Hound Capital LLC now owns 600,000 shares of the company’s stock worth $1,554,000 after acquiring an additional 200,000 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its position in shares of 1stdibs.com by 3.8% during the first quarter. Arrowstreet Capital Limited Partnership now owns 522,695 shares of the company’s stock worth $2,875,000 after acquiring an additional 18,911 shares in the last quarter. 66.97% of the stock is owned by institutional investors.

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.