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

1stdibs.com, Inc. (NASDAQ:DIBS) General Counsel Melanie Goins sold 12,248 shares of the firm’s stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $5.50, for a total transaction of $67,364.00. Following the transaction, the general counsel directly owned 224,270 shares in the company, valued at $1,233,485. This trade represents a 5.18% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

1stdibs.com Price Performance

Shares of NASDAQ:DIBS traded down $0.11 during trading hours on Thursday, hitting $5.35. The company’s stock had a trading volume of 38,722 shares, compared to its average volume of 212,752. The firm’s fifty day moving average price is $5.58 and its 200 day moving average price is $4.57. 1stdibs.com, Inc. has a 52 week low of $2.30 and a 52 week high of $6.62. The company has a market capitalization of $193.62 million, a price-to-earnings ratio of -13.78 and a beta of 1.06.

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

Analyst Ratings Changes

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

Institutional Trading of 1stdibs.com

Several hedge funds and other institutional investors have recently made changes to their positions in DIBS. Kanen Wealth Management LLC acquired a new position in 1stdibs.com during the 4th quarter valued at about $7,018,000. Truffle Hound Capital LLC purchased a new stake in shares of 1stdibs.com during the second quarter worth about $1,100,000. Joel Isaacson & Co. LLC grew its stake in shares of 1stdibs.com by 53.5% during the fourth quarter. Joel Isaacson & Co. LLC now owns 1,067,746 shares of the company’s stock worth $6,396,000 after acquiring an additional 372,367 shares during the last quarter. Jane Street Group LLC increased its holdings in shares of 1stdibs.com by 391.9% during the fourth quarter. Jane Street Group LLC now owns 281,587 shares of the company’s stock valued at $1,687,000 after acquiring an additional 224,341 shares in the last quarter. Finally, 683 Capital Management LLC acquired a new position in shares of 1stdibs.com during the fourth quarter valued at about $1,053,000. Hedge funds and other institutional investors own 66.97% of the company’s stock.

1stdibs.com Company 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.