Melanie Goins Sells 12,248 Shares of 1stdibs.com (NASDAQ:DIBS) Stock

1stdibs.com, Inc. (NASDAQ:DIBS) General Counsel Melanie Goins sold 12,248 shares of 1stdibs.com stock in a transaction on Monday, March 9th. The stock was sold at an average price of $5.50, for a total value of $67,364.00. Following the completion of 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 position. The transaction was disclosed in a filing with the SEC, which is available at this link.

1stdibs.com Stock Performance

Shares of 1stdibs.com stock opened at $5.43 on Friday. The stock has a market capitalization of $196.52 million, a price-to-earnings ratio of -13.92 and a beta of 1.06. The firm has a fifty day moving average of $5.57 and a two-hundred day moving average of $4.57. 1stdibs.com, Inc. has a 52 week low of $2.30 and a 52 week high of $6.62.

1stdibs.com (NASDAQ:DIBS) last posted its quarterly earnings data on Friday, February 27th. The company reported ($0.03) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.01. The business had revenue of $22.97 million for the quarter, compared to analyst estimates of $23.10 million. 1stdibs.com had a negative return on equity of 14.44% and a negative net margin of 15.25%. As a group, research analysts forecast that 1stdibs.com, Inc. will post -0.52 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Northland Securities raised shares of 1stdibs.com from a “market perform” rating to an “outperform” rating and set a $7.00 price objective for the company in a research report on Tuesday, March 3rd. Wall Street Zen upgraded 1stdibs.com from a “hold” rating to a “buy” rating in a research note on Saturday, March 7th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of 1stdibs.com in a research note on Monday, December 29th. One equities 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, the company has an average rating of “Hold” and a consensus price target of $7.00.

Institutional Investors Weigh In On 1stdibs.com

A number of hedge funds have recently modified their holdings of the company. JPMorgan Chase & Co. increased its stake in shares of 1stdibs.com by 59.1% in the third quarter. JPMorgan Chase & Co. now owns 10,395 shares of the company’s stock valued at $27,000 after buying an additional 3,862 shares in the last quarter. FNY Investment Advisers LLC bought a new position in 1stdibs.com in the fourth quarter valued at approximately $29,000. Catalyst Funds Management Pty Ltd bought a new position in shares of 1stdibs.com in the second quarter valued at $30,000. Jump Financial LLC purchased a new stake in 1stdibs.com during the second quarter valued at approximately $30,000. Finally, Bank of America Corp DE lifted its position in 1stdibs.com by 43.5% during the third quarter. Bank of America Corp DE now owns 13,216 shares of the company’s stock worth $34,000 after buying an additional 4,006 shares in the last quarter. Hedge funds and other institutional investors own 66.97% of the company’s stock.

About 1stdibs.com

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.