1stdibs.Com, Inc. (NASDAQ:DIBS) Sees Large Decline in Short Interest

1stdibs.Com, Inc. (NASDAQ:DIBS) was the target of a large decline in short interest during the month of October. As of October 15th, there was short interest totalling 489,600 shares, a decline of 8.3% from the September 30th total of 534,100 shares. Approximately 1.7% of the shares of the company are sold short. Based on an average daily trading volume, of 82,300 shares, the short-interest ratio is presently 5.9 days.

Insider Buying and Selling at 1stdibs.Com

In related news, insider Matthew Rubinger sold 5,422 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $4.63, for a total value of $25,103.86. Following the transaction, the insider now owns 32,611 shares of the company’s stock, valued at approximately $150,988.93. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In the last ninety days, insiders sold 8,508 shares of company stock worth $38,991. Insiders own 19.60% of the company’s stock.

Institutional Investors Weigh In On 1stdibs.Com

A number of institutional investors have recently bought and sold shares of the business. GSA Capital Partners LLP grew its holdings in 1stdibs.Com by 6.1% during the 1st quarter. GSA Capital Partners LLP now owns 93,672 shares of the company’s stock valued at $558,000 after buying an additional 5,365 shares in the last quarter. Vanguard Group Inc. lifted its stake in 1stdibs.Com by 7.3% in the 1st quarter. Vanguard Group Inc. now owns 1,259,464 shares of the company’s stock worth $7,506,000 after purchasing an additional 85,757 shares in the last quarter. Acadian Asset Management LLC grew its position in shares of 1stdibs.Com by 198.0% during the first quarter. Acadian Asset Management LLC now owns 130,544 shares of the company’s stock valued at $776,000 after purchasing an additional 86,740 shares in the last quarter. Quadrature Capital Ltd bought a new stake in shares of 1stdibs.Com in the first quarter worth about $124,000. Finally, Jacobs Levy Equity Management Inc. lifted its position in shares of 1stdibs.Com by 57.2% in the first quarter. Jacobs Levy Equity Management Inc. now owns 111,933 shares of the company’s stock worth $667,000 after buying an additional 40,735 shares in the last quarter. Hedge funds and other institutional investors own 66.97% of the company’s stock.

1stdibs.Com Stock Performance

Shares of NASDAQ DIBS traded down $0.03 during trading on Friday, hitting $4.14. The company had a trading volume of 56,045 shares, compared to its average volume of 118,036. 1stdibs.Com has a 12 month low of $3.81 and a 12 month high of $6.30. The firm has a market capitalization of $164.32 million, a P/E ratio of -11.91 and a beta of 0.98. The stock has a 50 day simple moving average of $4.57 and a 200 day simple moving average of $4.84.

1stdibs.Com (NASDAQ:DIBS) last issued its quarterly earnings results on Tuesday, August 6th. The company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.01). The firm had revenue of $22.24 million for the quarter, compared to analysts’ expectations of $21.70 million. 1stdibs.Com had a negative net margin of 16.28% and a negative return on equity of 10.93%. During the same period in the prior year, the firm earned ($0.21) EPS. As a group, analysts predict that 1stdibs.Com will post -0.47 EPS for the current year.

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.