Insider Selling: 1stdibs.Com, Inc. (NASDAQ:DIBS) CFO Sells 4,500 Shares of Stock

1stdibs.Com, Inc. (NASDAQ:DIBS) CFO Thomas J. Etergino sold 4,500 shares of the firm’s stock in a transaction on Monday, July 8th. The stock was sold at an average price of $4.40, for a total value of $19,800.00. Following the completion of the transaction, the chief financial officer now directly owns 111,200 shares of the company’s stock, valued at $489,280. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

1stdibs.Com Price Performance

Shares of 1stdibs.Com stock traded down $0.14 during trading hours on Wednesday, reaching $4.20. The company had a trading volume of 61,950 shares, compared to its average volume of 138,828. 1stdibs.Com, Inc. has a one year low of $3.52 and a one year high of $6.30. The business has a fifty day simple moving average of $5.24 and a 200 day simple moving average of $5.19. The firm has a market cap of $165.40 million, a PE ratio of -9.55 and a beta of 0.97.

1stdibs.Com (NASDAQ:DIBS) last posted its quarterly earnings results on Thursday, May 9th. The company reported ($0.08) EPS for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.01. 1stdibs.Com had a negative return on equity of 13.25% and a negative net margin of 21.13%. The firm had revenue of $22.10 million during the quarter, compared to analyst estimates of $21.23 million. During the same period last year, the company earned ($0.21) earnings per share. The business’s revenue for the quarter was down .5% on a year-over-year basis. On average, research analysts forecast that 1stdibs.Com, Inc. will post -0.37 EPS for the current year.

Institutional Investors Weigh In On 1stdibs.Com

A number of institutional investors and hedge funds have recently made changes to their positions in DIBS. Quadrature Capital Ltd purchased a new stake in shares of 1stdibs.Com in the third quarter worth $37,000. Citigroup Inc. raised its position in shares of 1stdibs.Com by 3,859,850.0% in the third quarter. Citigroup Inc. now owns 77,199 shares of the company’s stock worth $281,000 after buying an additional 77,197 shares in the last quarter. GSA Capital Partners LLP raised its position in shares of 1stdibs.Com by 6.1% in the first quarter. GSA Capital Partners LLP now owns 93,672 shares of the company’s stock worth $558,000 after buying an additional 5,365 shares in the last quarter. Vanguard Group Inc. raised its position in shares of 1stdibs.Com by 7.3% in the first quarter. Vanguard Group Inc. now owns 1,259,464 shares of the company’s stock worth $7,506,000 after buying an additional 85,757 shares in the last quarter. Finally, Acadian Asset Management LLC raised its position in shares of 1stdibs.Com by 198.0% in the first quarter. Acadian Asset Management LLC now owns 130,544 shares of the company’s stock worth $776,000 after buying an additional 86,740 shares in the last quarter. Hedge funds and other institutional investors own 66.97% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Evercore ISI raised 1stdibs.Com from an “in-line” rating to an “outperform” rating and raised their price target for the stock from $6.00 to $8.00 in a report on Monday, March 18th.

About 1stdibs.Com

1stdibs.Com, Inc operates an online marketplace for luxury design products worldwide. Its marketplace connects customers with sellers and makers of vintage, antique, and contemporary furniture; and home décor, jewelry, watches, art, and fashion products. The company was incorporated in 2000 and is headquartered in New York, New York.