David Rosenblatt Buys 47,500 Shares of 1stdibs.com (NASDAQ:DIBS) Stock

1stdibs.com, Inc. (NASDAQ:DIBS) CEO David Rosenblatt acquired 47,500 shares of the company’s stock in a transaction on Tuesday, May 12th. The stock was acquired at an average price of $4.51 per share, for a total transaction of $214,225.00. Following the purchase, the chief executive officer directly owned 712,802 shares of the company’s stock, valued at approximately $3,214,737.02. This trade represents a 7.14% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

1stdibs.com Stock Down 1.8%

NASDAQ:DIBS opened at $4.47 on Friday. The stock’s 50 day moving average price is $5.35 and its two-hundred day moving average price is $5.38. The firm has a market capitalization of $157.93 million, a price-to-earnings ratio of -14.42 and a beta of 0.76. 1stdibs.com, Inc. has a 12-month low of $2.35 and a 12-month high of $6.62.

1stdibs.com (NASDAQ:DIBS) last released its quarterly earnings data on Friday, May 8th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.02). The business had revenue of $22.39 million during the quarter, compared to the consensus estimate of $22.73 million. 1stdibs.com had a negative net margin of 12.33% and a negative return on equity of 12.05%. Equities research analysts expect that 1stdibs.com, Inc. will post -0.23 EPS for the current year.

Analysts Set New Price Targets

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 Friday, March 27th. Northland Securities upgraded 1stdibs.com from a “market perform” rating to an “outperform” rating and set a $7.00 price objective on the stock in a research note on Tuesday, March 3rd. Finally, Wall Street Zen lowered 1stdibs.com from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $7.00.

Hedge Funds Weigh In On 1stdibs.com

A number of large investors have recently made changes to their positions in DIBS. Public Employees Retirement System of Ohio raised its holdings in 1stdibs.com by 62.7% in the 1st quarter. Public Employees Retirement System of Ohio now owns 9,085 shares of the company’s stock valued at $50,000 after acquiring an additional 3,500 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in 1stdibs.com by 59.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 10,395 shares of the company’s stock valued at $27,000 after acquiring an additional 3,862 shares in the last quarter. Bank of America Corp DE raised its holdings in 1stdibs.com by 43.5% in the 3rd quarter. Bank of America Corp DE now owns 13,216 shares of the company’s stock valued at $34,000 after acquiring an additional 4,006 shares in the last quarter. Two Sigma Investments LP raised its holdings in 1stdibs.com by 4.0% in the 3rd quarter. Two Sigma Investments LP now owns 112,460 shares of the company’s stock valued at $291,000 after acquiring an additional 4,296 shares in the last quarter. Finally, FNY Investment Advisers LLC acquired a new position in 1stdibs.com in the 4th quarter valued at $29,000. 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.