1stdibs.com, Inc. (NASDAQ:DIBS) Short Interest Up 81.9% in June

1stdibs.com, Inc. (NASDAQ:DIBS) was the recipient of a large growth in short interest in the month of June. As of June 30th, there was short interest totaling 1,150,464 shares, a growth of 81.9% from the June 15th total of 632,355 shares. Based on an average daily volume of 551,923 shares, the short-interest ratio is currently 2.1 days. Approximately 4.3% of the company’s shares are short sold.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Wall Street Zen cut 1stdibs.com from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Weiss Ratings reissued a “sell (d-)” rating on shares of 1stdibs.com in a research report on Wednesday, June 24th. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, 1stdibs.com currently has an average rating of “Hold” and an average target price of $7.00.

1stdibs.com Stock Performance

DIBS stock opened at $4.65 on Friday. The stock has a market cap of $164.28 million, a P/E ratio of -15.00 and a beta of 0.73. The firm has a 50 day simple moving average of $4.50 and a 200 day simple moving average of $5.17. 1stdibs.com has a 52 week low of $2.50 and a 52 week high of $6.62.

1stdibs.com (NASDAQ:DIBS) last released 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). 1stdibs.com had a negative net margin of 12.33% and a negative return on equity of 12.05%. The company had revenue of $22.39 million during the quarter, compared to analyst estimates of $22.73 million. Sell-side analysts predict that 1stdibs.com will post -0.23 EPS for the current year.

Insiders Place Their Bets

In other news, CEO David S. Rosenblatt bought 47,500 shares of the business’s stock in a transaction on Tuesday, May 12th. The shares were bought at an average cost of $4.51 per share, with a total value of $214,225.00. Following the purchase, the chief executive officer directly owned 712,802 shares in the company, valued at $3,214,737.02. This trade represents a 7.14% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 24.21% of the company’s stock.

Hedge Funds Weigh In On 1stdibs.com

A number of hedge funds have recently modified their holdings of DIBS. Joel Isaacson & Co. LLC raised its holdings 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. 683 Capital Management LLC purchased a new position in 1stdibs.com in the fourth quarter valued at about $1,053,000. Harspring Capital Management LLC increased its position in 1stdibs.com by 8.2% in the 4th quarter. Harspring Capital Management LLC now owns 660,000 shares of the company’s stock worth $3,953,000 after purchasing an additional 50,000 shares during the last quarter. Larson Financial Group LLC increased its position in 1stdibs.com by 2,596.0% in the 4th quarter. Larson Financial Group LLC now owns 8,088 shares of the company’s stock worth $48,000 after purchasing an additional 7,788 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in 1stdibs.com by 29.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 335,792 shares of the company’s stock worth $1,847,000 after purchasing an additional 76,846 shares during the last quarter. 66.97% of the stock is owned by institutional investors and hedge funds.

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.