1stdibs.Com, Inc. (NASDAQ:DIBS) Sees Significant Decrease in Short Interest

1stdibs.Com, Inc. (NASDAQ:DIBS) was the recipient of a significant drop in short interest during the month of October. As of October 15th, there was short interest totalling 489,600 shares, a drop of 8.3% from the September 30th total of 534,100 shares. Based on an average trading volume of 82,300 shares, the short-interest ratio is presently 5.9 days. Currently, 1.7% of the shares of the company are short sold.

Insiders Place Their Bets

In other 1stdibs.Com news, insider Matthew Rubinger sold 5,422 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $4.63, for a total transaction of $25,103.86. Following the completion of the sale, the insider now directly owns 32,611 shares in the company, valued at $150,988.93. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders sold 8,508 shares of company stock worth $38,991 over the last three months. Insiders own 19.60% of the company’s stock.

Institutional Trading of 1stdibs.Com

A number of hedge funds and other institutional investors have recently modified their holdings of DIBS. American Century Companies Inc. bought a new stake in shares of 1stdibs.Com during the second quarter worth about $54,000. SG Americas Securities LLC purchased a new stake in 1stdibs.Com in the 3rd quarter worth approximately $56,000. Panagora Asset Management Inc. purchased a new stake in 1stdibs.Com in the 2nd quarter worth approximately $74,000. Virtu Financial LLC increased its holdings in shares of 1stdibs.Com by 23.8% in the 1st quarter. Virtu Financial LLC now owns 12,436 shares of the company’s stock worth $74,000 after buying an additional 2,389 shares during the last quarter. Finally, Rhumbline Advisers increased its holdings in shares of 1stdibs.Com by 6,785.5% in the 2nd quarter. Rhumbline Advisers now owns 25,201 shares of the company’s stock worth $113,000 after buying an additional 24,835 shares during the last quarter. Institutional investors own 66.97% of the company’s stock.

1stdibs.Com Price Performance

Shares of NASDAQ:DIBS opened at $4.17 on Friday. The company’s 50 day simple moving average is $4.57 and its 200 day simple moving average is $4.84. The stock has a market capitalization of $165.52 million, a price-to-earnings ratio of -11.91 and a beta of 0.98. 1stdibs.Com has a 1 year low of $3.81 and a 1 year high of $6.30.

1stdibs.Com (NASDAQ:DIBS) last posted its earnings results on Tuesday, August 6th. The company reported ($0.12) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.01). The company had revenue of $22.24 million for the quarter, compared to the consensus estimate of $21.70 million. 1stdibs.Com had a negative return on equity of 10.93% and a negative net margin of 16.28%. During the same period in the previous year, the firm posted ($0.21) EPS. As a group, analysts anticipate that 1stdibs.Com will post -0.47 EPS for the current fiscal year.

1stdibs.Com Company 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.