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

1stdibs.com, Inc. (NASDAQ:DIBS) CEO David Rosenblatt acquired 47,500 shares of the firm’s stock in a transaction dated Tuesday, May 12th. The stock was bought at an average price of $4.51 per share, for a total transaction of $214,225.00. Following the completion of the acquisition, the chief executive officer owned 712,802 shares in the company, valued at approximately $3,214,737.02. The trade was a 7.14% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

1stdibs.com Stock Performance

1stdibs.com stock opened at $4.46 on Wednesday. The company has a market capitalization of $157.57 million, a PE ratio of -14.39 and a beta of 0.76. 1stdibs.com, Inc. has a fifty-two week low of $2.35 and a fifty-two week high of $6.62. The firm has a 50 day moving average price of $5.39 and a 200 day moving average price of $5.36.

1stdibs.com (NASDAQ:DIBS) last released its quarterly earnings results on Friday, May 8th. The company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.02). 1stdibs.com had a negative return on equity of 12.05% and a negative net margin of 12.33%.The firm had revenue of $22.39 million for the quarter, compared to analyst estimates of $22.73 million. As a group, equities research analysts forecast that 1stdibs.com, Inc. will post -0.2 earnings per share for the current year.

Institutional Investors Weigh In On 1stdibs.com

A number of large investors have recently modified their holdings of DIBS. JPMorgan Chase & Co. boosted its holdings in shares of 1stdibs.com by 59.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 10,395 shares of the company’s stock valued at $27,000 after buying an additional 3,862 shares in the last quarter. FNY Investment Advisers LLC acquired a new position in 1stdibs.com in the fourth quarter valued at $29,000. Jump Financial LLC purchased a new position in shares of 1stdibs.com during the second quarter worth about $30,000. Bank of America Corp DE grew its holdings in shares of 1stdibs.com by 43.5% during the third quarter. Bank of America Corp DE now owns 13,216 shares of the company’s stock worth $34,000 after purchasing an additional 4,006 shares during the last quarter. Finally, Elevation Point Wealth Partners LLC acquired a new stake in shares of 1stdibs.com during the third quarter worth about $34,000. 66.97% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on DIBS shares. Wall Street Zen lowered 1stdibs.com from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Weiss Ratings reissued a “sell (d-)” rating on shares of 1stdibs.com in a research report on Friday, March 27th. Finally, Northland Securities upgraded shares of 1stdibs.com from a “market perform” rating to an “outperform” rating and set a $7.00 price objective for the company in a report on Tuesday, March 3rd. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price 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.