Insider Selling: 1stdibs.com (NASDAQ:DIBS) General Counsel Sells $67,364.00 in Stock

1stdibs.com, Inc. (NASDAQ:DIBS) General Counsel Melanie Goins sold 12,248 shares of 1stdibs.com 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 owned 224,270 shares in the company, valued at $1,233,485. This trade represents a 5.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.

1stdibs.com Price Performance

Shares of NASDAQ:DIBS opened at $5.37 on Friday. 1stdibs.com, Inc. has a 1 year low of $2.30 and a 1 year high of $6.62. The company has a market capitalization of $194.34 million, a PE ratio of -13.77 and a beta of 1.06. The business has a fifty day moving average price of $5.56 and a two-hundred day moving average price of $4.59.

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

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Kanen Wealth Management LLC purchased a new stake in shares of 1stdibs.com in the fourth quarter worth about $7,018,000. Joel Isaacson & Co. LLC grew its stake in 1stdibs.com by 53.5% during the fourth quarter. Joel Isaacson & Co. LLC now owns 1,067,746 shares of the company’s stock valued at $6,396,000 after acquiring an additional 372,367 shares in the last quarter. Harspring Capital Management LLC grew its stake in 1stdibs.com by 8.2% during the fourth quarter. Harspring Capital Management LLC now owns 660,000 shares of the company’s stock valued at $3,953,000 after acquiring an additional 50,000 shares in the last quarter. Truffle Hound Capital LLC increased its holdings in 1stdibs.com by 50.0% during the 3rd quarter. Truffle Hound Capital LLC now owns 600,000 shares of the company’s stock worth $1,554,000 after acquiring an additional 200,000 shares during the period. Finally, Millennium Management LLC lifted its stake in 1stdibs.com by 28.7% in the 4th quarter. Millennium Management LLC now owns 311,153 shares of the company’s stock worth $1,864,000 after purchasing an additional 69,412 shares in the last quarter. Hedge funds and other institutional investors own 66.97% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on DIBS shares. Northland Securities upgraded 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 research note on Tuesday, March 3rd. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of 1stdibs.com in a report on Monday, December 29th. Finally, Wall Street Zen upgraded 1stdibs.com from a “hold” rating to a “buy” rating in a research note on Saturday, March 7th. One 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.

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.