Topline Capital Management LLC Raises Holdings in 1stdibs.com, Inc. $DIBS

Topline Capital Management LLC raised its position in 1stdibs.com, Inc. (NASDAQ:DIBS) by 341.6% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 192,115 shares of the company’s stock after purchasing an additional 148,611 shares during the period. Topline Capital Management LLC owned 0.52% of 1stdibs.com worth $498,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in DIBS. Truffle Hound Capital LLC acquired a new stake in shares of 1stdibs.com in the second quarter valued at about $1,100,000. Catalyst Funds Management Pty Ltd acquired a new position in 1stdibs.com during the second quarter worth about $30,000. Joel Isaacson & Co. LLC grew its stake in 1stdibs.com by 29.4% during the 3rd quarter. Joel Isaacson & Co. LLC now owns 695,379 shares of the company’s stock valued at $1,801,000 after acquiring an additional 158,169 shares in the last quarter. Harspring Capital Management LLC raised its holdings in 1stdibs.com by 22.0% in the 3rd quarter. Harspring Capital Management LLC now owns 610,000 shares of the company’s stock valued at $1,580,000 after acquiring an additional 110,000 shares during the last quarter. Finally, Acadian Asset Management LLC raised its holdings in 1stdibs.com by 5.6% in the 1st quarter. Acadian Asset Management LLC now owns 286,063 shares of the company’s stock valued at $867,000 after acquiring an additional 15,206 shares during the last quarter. Institutional investors and hedge funds own 66.97% of the company’s stock.

1stdibs.com Stock Performance

1stdibs.com stock opened at $5.37 on Friday. The company’s 50 day simple moving average is $5.56 and its 200-day simple moving average is $4.59. 1stdibs.com, Inc. has a 1 year low of $2.30 and a 1 year high of $6.62. The company has a market capitalization of $194.34 million, a price-to-earnings ratio of -13.77 and a beta of 1.06.

1stdibs.com (NASDAQ:DIBS) last posted its earnings results on Friday, February 27th. The company reported ($0.03) earnings per share for the quarter, beating the consensus estimate of ($0.04) by $0.01. 1stdibs.com had a negative net margin of 15.25% and a negative return on equity of 14.44%. The firm had revenue of $22.97 million during the quarter, compared to the consensus estimate of $23.10 million. Equities analysts expect that 1stdibs.com, Inc. will post -0.52 earnings per share for the current year.

Insider Activity

In related news, General Counsel Melanie F. Goins sold 12,248 shares of the 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 transaction, the general counsel owned 224,270 shares of the company’s stock, valued at approximately $1,233,485. This represents a 5.18% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last quarter, insiders sold 14,900 shares of company stock valued at $82,002. 19.60% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages recently commented on DIBS. Wall Street Zen upgraded 1stdibs.com from a “hold” rating to a “buy” rating in a research report on Saturday, March 7th. Weiss Ratings reiterated a “sell (d-)” rating on shares of 1stdibs.com in a report on Monday, December 29th. Finally, Northland Securities upgraded 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. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, 1stdibs.com presently has a consensus rating of “Hold” and an average target price of $7.00.

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.