Thomas Etergino Sells 27,066 Shares of 1stdibs.com (NASDAQ:DIBS) Stock

1stdibs.com, Inc. (NASDAQ:DIBS) CFO Thomas Etergino sold 27,066 shares of the business’s stock in a transaction on Monday, December 8th. The stock was sold at an average price of $5.96, for a total transaction of $161,313.36. Following the transaction, the chief financial officer owned 266,885 shares in the company, valued at approximately $1,590,634.60. The trade was a 9.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

1stdibs.com Price Performance

DIBS stock traded down $0.14 during trading hours on Wednesday, reaching $6.11. The stock had a trading volume of 61,503 shares, compared to its average volume of 145,671. The stock has a 50-day simple moving average of $4.09 and a 200 day simple moving average of $3.20. 1stdibs.com, Inc. has a fifty-two week low of $2.30 and a fifty-two week high of $6.62. The stock has a market capitalization of $223.50 million, a PE ratio of -12.21 and a beta of 1.06.

1stdibs.com (NASDAQ:DIBS) last released its quarterly earnings data on Friday, November 7th. The company reported ($0.10) earnings per share for the quarter, topping the consensus estimate of ($0.13) by $0.03. The company had revenue of $21.97 million for the quarter, compared to analyst estimates of $21.51 million. 1stdibs.com had a negative net margin of 19.94% and a negative return on equity of 18.56%. On average, sell-side analysts forecast that 1stdibs.com, Inc. will post -0.52 EPS for the current fiscal year.

Institutional Investors Weigh In On 1stdibs.com

A number of institutional investors have recently made changes to their positions in DIBS. Bank of America Corp DE increased its stake in shares of 1stdibs.com by 31.8% during the fourth quarter. Bank of America Corp DE now owns 26,614 shares of the company’s stock worth $94,000 after purchasing an additional 6,424 shares during the period. Virtu Financial LLC acquired a new position in 1stdibs.com in the 1st quarter valued at $63,000. Nuveen LLC acquired a new position in 1stdibs.com in the 1st quarter valued at $103,000. Kovitz Investment Group Partners LLC bought a new position in 1stdibs.com during the 1st quarter worth $42,000. Finally, Beck Mack & Oliver LLC lifted its holdings in shares of 1stdibs.com by 1.7% during the first quarter. Beck Mack & Oliver LLC now owns 3,344,426 shares of the company’s stock worth $10,167,000 after buying an additional 55,116 shares in the last quarter. Institutional investors own 66.97% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on DIBS shares. Weiss Ratings restated a “sell (d-)” rating on shares of 1stdibs.com in a research note on Monday. Wall Street Zen upgraded 1stdibs.com from a “hold” rating to a “buy” rating in a research note on Saturday. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Reduce”.

About 1stdibs.com

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.