1stdibs.com, Inc. (NASDAQ:DIBS) Short Interest Update

1stdibs.com, Inc. (NASDAQ:DIBS) was the target of a large increase in short interest in the month of June. As of June 30th, there was short interest totaling 1,150,464 shares, an increase of 81.9% from the June 15th total of 632,355 shares. Based on an average trading volume of 551,923 shares, the short-interest ratio is presently 2.1 days. Currently, 4.3% of the company’s shares are short sold.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. Wall Street Zen lowered shares of 1stdibs.com from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of 1stdibs.com in a research report on Wednesday, June 24th. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, 1stdibs.com has a consensus rating of “Hold” and an average price target of $7.00.

Insider Buying and Selling at 1stdibs.com

In other news, CEO David S. Rosenblatt purchased 47,500 shares of the stock in a transaction dated Tuesday, May 12th. The shares were purchased at an average price of $4.51 per share, with a total value of $214,225.00. Following the transaction, the chief executive officer owned 712,802 shares in the company, valued at $3,214,737.02. The trade was a 7.14% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 24.21% of the company’s stock.

Hedge Funds Weigh In On 1stdibs.com

Institutional investors have recently bought and sold shares of the company. Kanen Wealth Management LLC increased its stake in 1stdibs.com by 75.8% during the first quarter. Kanen Wealth Management LLC now owns 2,068,723 shares of the company’s stock worth $11,378,000 after purchasing an additional 891,801 shares during the period. Public Employees Retirement System of Ohio boosted its stake in shares of 1stdibs.com by 62.7% in the first quarter. Public Employees Retirement System of Ohio now owns 9,085 shares of the company’s stock valued at $50,000 after purchasing an additional 3,500 shares during the period. Arrowstreet Capital Limited Partnership boosted its stake in shares of 1stdibs.com by 3.8% in the first quarter. Arrowstreet Capital Limited Partnership now owns 522,695 shares of the company’s stock valued at $2,875,000 after purchasing an additional 18,911 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of 1stdibs.com by 29.7% in the first quarter. Dimensional Fund Advisors LP now owns 335,792 shares of the company’s stock valued at $1,847,000 after purchasing an additional 76,846 shares in the last quarter. Finally, R Squared Ltd acquired a new position in shares of 1stdibs.com in the first quarter valued at approximately $69,000. 66.97% of the stock is owned by institutional investors and hedge funds.

1stdibs.com Stock Down 1.3%

NASDAQ:DIBS opened at $4.59 on Friday. The stock’s fifty day moving average is $4.51 and its two-hundred day moving average is $5.17. 1stdibs.com has a 52 week low of $2.50 and a 52 week high of $6.62. The stock has a market capitalization of $162.16 million, a price-to-earnings ratio of -14.81 and a beta of 0.73.

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

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.