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 that occurred on Monday, March 9th. The shares were sold at an average price of $5.50, for a total transaction of $67,364.00. Following the completion of the transaction, the general counsel directly owned 224,270 shares of the company’s stock, valued at $1,233,485. This represents a 5.18% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

1stdibs.com Stock Performance

Shares of 1stdibs.com stock traded down $0.01 during trading hours on Wednesday, reaching $5.46. 230,210 shares of the company were exchanged, compared to its average volume of 226,786. The firm has a market cap of $197.60 million, a PE ratio of -14.00 and a beta of 1.06. 1stdibs.com, Inc. has a 1 year low of $2.30 and a 1 year high of $6.62. The stock’s fifty day moving average is $5.58 and its 200 day moving average is $4.57.

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

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on DIBS. Weiss Ratings restated a “sell (d-)” rating on shares of 1stdibs.com in a research note on Monday, December 29th. Northland Securities upgraded shares of 1stdibs.com from a “market perform” rating to an “outperform” rating and set a $7.00 price target for the company in a report on Tuesday, March 3rd. Finally, Wall Street Zen upgraded shares of 1stdibs.com from a “hold” rating to a “buy” rating in a report on Saturday. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, 1stdibs.com has a consensus rating of “Hold” and a consensus price target of $7.00.

Institutional Investors Weigh In On 1stdibs.com

Several institutional investors have recently added to or reduced their stakes in DIBS. FNY Investment Advisers LLC acquired a new position in 1stdibs.com in the fourth quarter valued at approximately $29,000. Larson Financial Group LLC raised its holdings in 1stdibs.com by 2,596.0% during the fourth quarter. Larson Financial Group LLC now owns 8,088 shares of the company’s stock worth $48,000 after purchasing an additional 7,788 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in 1stdibs.com by 59.1% during the third quarter. JPMorgan Chase & Co. now owns 10,395 shares of the company’s stock worth $27,000 after purchasing an additional 3,862 shares in the last quarter. Susquehanna Portfolio Strategies LLC acquired a new position in shares of 1stdibs.com in the 4th quarter valued at $64,000. Finally, Jump Financial LLC acquired a new position in shares of 1stdibs.com in the 2nd quarter valued at $30,000. Hedge funds and other institutional investors own 66.97% of the company’s stock.

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.