1stdibs.com, Inc. $DIBS Shares Bought by Harspring Capital Management LLC

Harspring Capital Management LLC increased its position in shares of 1stdibs.com, Inc. (NASDAQ:DIBS) by 22.0% during the third quarter, HoldingsChannel reports. The institutional investor owned 610,000 shares of the company’s stock after buying an additional 110,000 shares during the quarter. 1stdibs.com accounts for about 0.6% of Harspring Capital Management LLC’s holdings, making the stock its 15th biggest position. Harspring Capital Management LLC’s holdings in 1stdibs.com were worth $1,580,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. JPMorgan Chase & Co. boosted its stake in 1stdibs.com by 59.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 10,395 shares of the company’s stock worth $27,000 after purchasing an additional 3,862 shares during the period. Jump Financial LLC acquired a new stake in shares of 1stdibs.com during the second quarter worth about $30,000. Catalyst Funds Management Pty Ltd purchased a new position in shares of 1stdibs.com during the second quarter worth about $30,000. Jane Street Group LLC purchased a new position in shares of 1stdibs.com during the first quarter worth about $45,000. Finally, Quadrature Capital Ltd acquired a new position in 1stdibs.com in the 2nd quarter valued at about $42,000. 66.97% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, General Counsel Melanie F. Goins sold 12,248 shares of the company’s stock in a transaction on Monday, March 9th. The stock was sold at an average price of $5.50, for a total value of $67,364.00. Following the sale, the general counsel directly owned 224,270 shares in the company, valued at $1,233,485. This represents a 5.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold 14,900 shares of company stock valued at $82,002 in the last quarter. 19.60% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on DIBS shares. Wall Street Zen upgraded 1stdibs.com from a “hold” rating to a “buy” rating in a research note on Saturday, March 7th. Weiss Ratings restated a “sell (d-)” rating on shares of 1stdibs.com in a research note on Monday, December 29th. Finally, Northland Securities raised shares of 1stdibs.com from a “market perform” rating to an “outperform” rating and set a $7.00 target price on the stock in a report on Tuesday, March 3rd. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $7.00.

1stdibs.com Trading Up 0.8%

Shares of DIBS stock traded up $0.05 during trading hours on Friday, hitting $5.48. The company’s stock had a trading volume of 16,874 shares, compared to its average volume of 212,949. The business has a fifty day moving average of $5.57 and a 200-day moving average of $4.57. 1stdibs.com, Inc. has a twelve month low of $2.30 and a twelve month high of $6.62. The stock has a market cap of $198.15 million, a price-to-earnings ratio of -14.10 and a beta of 1.06.

1stdibs.com (NASDAQ:DIBS) last posted 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. The firm had revenue of $22.97 million for the quarter, compared to analyst estimates of $23.10 million. 1stdibs.com had a negative return on equity of 14.44% and a negative net margin of 15.25%. On average, equities analysts expect that 1stdibs.com, Inc. will post -0.52 EPS for the current fiscal year.

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.