FreeGulliver LLC Has $168,000 Stake in 1stdibs.com, Inc. $DIBS

FreeGulliver LLC lowered its holdings in 1stdibs.com, Inc. (NASDAQ:DIBS) by 89.7% in the first quarter, HoldingsChannel.com reports. The firm owned 30,512 shares of the company’s stock after selling 265,500 shares during the quarter. FreeGulliver LLC’s holdings in 1stdibs.com were worth $168,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently made changes to their positions in DIBS. JPMorgan Chase & Co. raised its position 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 stake in shares of 1stdibs.com in the fourth quarter valued at approximately $29,000. Jump Financial LLC acquired a new stake in 1stdibs.com during the second quarter worth approximately $30,000. Bank of America Corp DE increased its stake in 1stdibs.com by 43.5% during the 3rd quarter. Bank of America Corp DE now owns 13,216 shares of the company’s stock worth $34,000 after acquiring an additional 4,006 shares during the period. Finally, Elevation Point Wealth Partners LLC bought a new position in 1stdibs.com during the 3rd quarter worth $34,000. Institutional investors and hedge funds own 66.97% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on DIBS shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of 1stdibs.com in a report on Wednesday, June 24th. Wall Street Zen lowered 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 given a Sell rating to the company’s stock. According to data from MarketBeat.com, 1stdibs.com has a consensus rating of “Hold” and a consensus price target of $7.00.

1stdibs.com Trading Down 0.5%

Shares of NASDAQ DIBS opened at $4.11 on Friday. The company has a market cap of $145.21 million, a price-to-earnings ratio of -13.26 and a beta of 0.73. 1stdibs.com, Inc. has a 12 month low of $2.50 and a 12 month high of $6.62. The stock has a 50-day moving average price of $4.51 and a two-hundred day moving average price of $5.11.

1stdibs.com (NASDAQ:DIBS) last posted its quarterly earnings results on Friday, May 8th. The company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates 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. On average, sell-side analysts predict that 1stdibs.com, Inc. will post -0.23 earnings per share for the current year.

Insider Transactions at 1stdibs.com

In related news, CEO David S. Rosenblatt acquired 47,500 shares of the company’s stock in a transaction that occurred on Tuesday, May 12th. The stock was acquired at an average price 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 approximately $3,214,737.02. This trade represents a 7.14% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 24.21% of the stock is currently owned by corporate insiders.

1stdibs.com 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.