1stdibs.Com (NASDAQ:DIBS) Posts Quarterly Earnings Results, Beats Estimates By $0.01 EPS

1stdibs.Com (NASDAQ:DIBS) announced its earnings results on Wednesday. The company reported ($0.08) earnings per share for the quarter, beating the consensus estimate of ($0.09) by $0.01, Briefing.com reports. The firm had revenue of $22.10 million during the quarter, compared to the consensus estimate of $21.23 million. 1stdibs.Com had a negative return on equity of 16.46% and a negative net margin of 26.80%. The firm’s revenue for the quarter was down .5% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.21) EPS. 1stdibs.Com updated its Q2 2024 guidance to EPS.

1stdibs.Com Stock Performance

1stdibs.Com stock traded up $0.01 during trading hours on Thursday, hitting $5.89. 127,493 shares of the stock were exchanged, compared to its average volume of 117,867. 1stdibs.Com has a 12 month low of $3.44 and a 12 month high of $6.30. The business’s 50-day moving average is $5.65 and its two-hundred day moving average is $4.94. The stock has a market capitalization of $234.25 million, a P/E ratio of -10.32 and a beta of 1.04.

Analyst Upgrades and Downgrades

Separately, Evercore ISI upgraded shares of 1stdibs.Com from an “in-line” rating to an “outperform” rating and boosted their price objective for the stock from $6.00 to $8.00 in a report on Monday, March 18th.

Insider Buying and Selling

In related news, CFO Thomas J. Etergino sold 4,500 shares of the business’s stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $5.91, for a total value of $26,595.00. Following the completion of the transaction, the chief financial officer now owns 95,220 shares in the company, valued at approximately $562,750.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, major shareholder Insight Holdings Group, Llc sold 23,847 shares of the stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $6.19, for a total value of $147,612.93. Following the transaction, the insider now owns 54,601 shares of the company’s stock, valued at approximately $337,980.19. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Thomas J. Etergino sold 4,500 shares of the firm’s stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $5.91, for a total value of $26,595.00. Following the transaction, the chief financial officer now owns 95,220 shares in the company, valued at approximately $562,750.20. The disclosure for this sale can be found here. Insiders have sold a total of 301,878 shares of company stock worth $1,745,182 in the last three months. Insiders own 20.28% of the company’s stock.

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.