1stdibs.com (NASDAQ:DIBS) CEO Purchases $214,225.00 in Stock

1stdibs.com, Inc. (NASDAQ:DIBS) CEO David Rosenblatt bought 47,500 shares of the firm’s stock in a transaction that occurred on Tuesday, May 12th. The shares were acquired at an average cost 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 in the company, valued at $3,214,737.02. This trade represents a 7.14% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

1stdibs.com Trading Down 0.2%

Shares of DIBS opened at $4.46 on Friday. The business’s 50 day moving average is $5.32 and its 200 day moving average is $5.37. The company has a market capitalization of $157.59 million, a PE ratio of -14.39 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 issued its earnings results 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 for 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 predict that 1stdibs.com, Inc. will post -0.23 earnings per share for the current year.

Institutional Trading of 1stdibs.com

A number of large investors have recently added to or reduced their stakes in DIBS. JPMorgan Chase & Co. increased its stake in 1stdibs.com by 59.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 10,395 shares of the company’s stock worth $27,000 after acquiring an additional 3,862 shares during the last quarter. FNY Investment Advisers LLC bought a new stake in 1stdibs.com in the 4th quarter worth approximately $29,000. Jump Financial LLC bought a new stake in 1stdibs.com in the 2nd quarter worth approximately $30,000. Bank of America Corp DE increased its stake 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 worth $34,000 after acquiring an additional 4,006 shares during the last quarter. Finally, Elevation Point Wealth Partners LLC bought a new stake in 1stdibs.com in the 3rd quarter worth approximately $34,000. Institutional investors own 66.97% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Weiss Ratings reissued a “sell (d-)” rating on shares of 1stdibs.com in a research note on Friday, March 27th. Wall Street Zen downgraded 1stdibs.com from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Finally, Northland Securities raised 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. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company 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.