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

Joel Isaacson & Co. LLC grew its holdings in shares of 1stdibs.com, Inc. (NASDAQ:DIBS) by 21.8% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. 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 owned about 3.76% of 1stdibs.com worth $5,056,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Public Employees Retirement System of Ohio raised its position in shares of 1stdibs.com by 62.7% in the first quarter. Public Employees Retirement System of Ohio now owns 9,085 shares of the company’s stock valued at $50,000 after purchasing an additional 3,500 shares during the period. Bank of New York Mellon Corp bought a new position in 1stdibs.com in the 2nd quarter worth approximately $316,000. Squarepoint Ops LLC bought a new position in 1stdibs.com in the 2nd quarter worth approximately $389,000. Dimensional Fund Advisors LP boosted its holdings in 1stdibs.com by 29.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 335,792 shares of the company’s stock worth $1,847,000 after buying an additional 76,846 shares during the period. Finally, Arrowstreet Capital Limited Partnership boosted its holdings 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 buying an additional 18,911 shares during the period. Hedge funds and other institutional investors own 66.97% of the company’s stock.

1stdibs.com Stock Down 2.4%

Shares of NASDAQ DIBS opened at $5.71 on Thursday. The company has a market cap of $194.43 million, a P/E ratio of -35.69 and a beta of 0.50. 1stdibs.com, Inc. has a 52 week low of $3.55 and a 52 week high of $6.62. The business has a 50-day simple moving average of $4.49 and a two-hundred day simple moving average of $4.84.

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

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on DIBS. Wall Street Zen cut shares of 1stdibs.com from a “buy” rating to a “hold” rating in a report on Monday, October 19th. Weiss Ratings upgraded 1stdibs.com from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, October 21st. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, 1stdibs.com has an average rating of “Hold” and an average target price of $7.00.

1stdibs.com 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.