Insider Selling: 1stdibs.com (NASDAQ:DIBS) CFO Sells $161,313.36 in Stock

1stdibs.com, Inc. (NASDAQ:DIBS) CFO Thomas Etergino sold 27,066 shares of the company’s stock in a transaction dated Monday, December 8th. The stock was sold at an average price of $5.96, for a total transaction of $161,313.36. Following the completion of the transaction, the chief financial officer owned 266,885 shares in the company, valued at approximately $1,590,634.60. The trade was a 9.21% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

1stdibs.com Stock Performance

Shares of DIBS stock opened at $5.99 on Friday. The company has a market capitalization of $219.29 million, a price-to-earnings ratio of -11.98 and a beta of 1.06. 1stdibs.com, Inc. has a one year low of $2.30 and a one year high of $6.62. The company’s 50-day moving average is $4.29 and its 200 day moving average is $3.26.

1stdibs.com (NASDAQ:DIBS) last issued its earnings results on Friday, November 7th. The company reported ($0.10) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.13) by $0.03. The firm had revenue of $21.97 million for the quarter, compared to the consensus estimate of $21.51 million. 1stdibs.com had a negative net margin of 19.94% and a negative return on equity of 18.56%. As a group, research analysts predict that 1stdibs.com, Inc. will post -0.52 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have commented on DIBS. Weiss Ratings reissued a “sell (d-)” rating on shares of 1stdibs.com in a report on Monday. Wall Street Zen raised 1stdibs.com from a “hold” rating to a “buy” rating in a research report on Saturday, December 6th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce”.

Hedge Funds Weigh In On 1stdibs.com

A number of institutional investors and hedge funds have recently modified their holdings of DIBS. Truffle Hound Capital LLC bought a new position in shares of 1stdibs.com in the 2nd quarter worth approximately $1,100,000. Joel Isaacson & Co. LLC raised its position in 1stdibs.com by 29.4% in the third quarter. Joel Isaacson & Co. LLC now owns 695,379 shares of the company’s stock worth $1,801,000 after acquiring an additional 158,169 shares during the period. Topline Capital Management LLC raised its position in 1stdibs.com by 341.6% in the third quarter. Topline Capital Management LLC now owns 192,115 shares of the company’s stock worth $498,000 after acquiring an additional 148,611 shares during the period. Harspring Capital Management LLC boosted its stake in shares of 1stdibs.com by 22.0% during the 3rd quarter. Harspring Capital Management LLC now owns 610,000 shares of the company’s stock worth $1,580,000 after acquiring an additional 110,000 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd bought a new stake in shares of 1stdibs.com during the 2nd quarter valued at $254,000. 66.97% of the stock is currently owned by hedge funds and other institutional investors.

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.