Joel Isaacson & Co. LLC Purchases 226,288 Shares of 1stdibs.com, Inc. $DIBS

Joel Isaacson & Co. LLC lifted its position in 1stdibs.com, Inc. (NASDAQ:DIBS) by 21.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,264,034 shares of the company’s stock after purchasing an additional 226,288 shares during the quarter. Joel Isaacson & Co. LLC’s holdings in 1stdibs.com were worth $5,056,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Squarepoint Ops LLC bought a new stake in 1stdibs.com during the second quarter valued at $389,000. Public Employees Retirement System of Ohio purchased a new position in 1stdibs.com during the second quarter worth about $55,000. Bank of New York Mellon Corp purchased a new position in 1stdibs.com during the second quarter worth about $316,000. Kanen Wealth Management LLC increased its stake in 1stdibs.com by 75.8% in the 1st quarter. Kanen Wealth Management LLC now owns 2,068,723 shares of the company’s stock worth $11,378,000 after acquiring an additional 891,801 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its stake in 1stdibs.com by 3.8% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 522,695 shares of the company’s stock worth $2,875,000 after acquiring an additional 18,911 shares during the last quarter. Hedge funds and other institutional investors own 66.97% of the company’s stock.

1stdibs.com Price Performance

Shares of NASDAQ:DIBS opened at $5.71 on Thursday. The company’s fifty day moving average price is $4.49 and its 200-day moving average price is $4.84. The firm has a market capitalization of $194.43 million, a price-to-earnings ratio of -35.69 and a beta of 0.50. 1stdibs.com, Inc. has a one year low of $3.55 and a one year high of $6.62.

1stdibs.com (NASDAQ:DIBS) last posted its quarterly earnings data on Thursday, November 5th. The company reported ($0.04) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.01. 1stdibs.com had a negative net margin of 5.98% and a negative return on equity of 6.75%. The company had revenue of $23.09 million during the quarter, compared to the consensus estimate of $22.36 million. As a group, equities research analysts expect that 1stdibs.com, Inc. will post -0.16 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have weighed in on DIBS. Wall Street Zen cut 1stdibs.com from a “buy” rating to a “hold” rating in a report on Monday, October 19th. Weiss Ratings raised 1stdibs.com from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, October 21st. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $7.00.

1stdibs.com Company Profile

1stDibs.com, Inc. operates a global online marketplace for luxury goods, connecting consumers with professional dealers, galleries, designers, and makers. The platform focuses on high-end and distinctive products across categories including furniture, home décor, jewelry, watches, fashion, art, and collectibles. The company provides product discovery and transaction services through its website and digital platforms. Its offerings are intended to support the buying and selling of unique, design-oriented merchandise, with services that may include seller tools, customer support, authentication or verification processes for selected categories, and arrangements related to payments and shipping.