Insider Selling: 1stdibs.Com, Inc. (NASDAQ:DIBS) CFO Sells $19,800.00 in Stock

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

1stdibs.Com Stock Up 0.7 %

Shares of DIBS stock opened at $4.56 on Friday. 1stdibs.Com, Inc. has a 12 month low of $3.52 and a 12 month high of $6.30. The company’s fifty day simple moving average is $5.19 and its 200-day simple moving average is $5.19. The firm has a market cap of $179.55 million, a PE ratio of -10.36 and a beta of 0.97.

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

Institutional Trading of 1stdibs.Com

A number of hedge funds and other institutional investors have recently modified their holdings of DIBS. Virtu Financial LLC grew its stake in 1stdibs.Com by 23.8% in the first quarter. Virtu Financial LLC now owns 12,436 shares of the company’s stock valued at $74,000 after purchasing an additional 2,389 shares in the last quarter. Jacobs Levy Equity Management Inc. grew its stake 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 valued at $667,000 after buying an additional 40,735 shares in the last quarter. Quadrature Capital Ltd acquired a new position in 1stdibs.Com during the first quarter worth $124,000. Acadian Asset Management LLC raised its position in 1stdibs.Com by 198.0% during the first quarter. Acadian Asset Management LLC now owns 130,544 shares of the company’s stock worth $776,000 after acquiring an additional 86,740 shares in the last quarter. Finally, Vanguard Group Inc. lifted its stake in 1stdibs.Com by 7.3% in the first quarter. Vanguard Group Inc. now owns 1,259,464 shares of the company’s stock valued at $7,506,000 after acquiring an additional 85,757 shares during the last quarter. Institutional investors and hedge funds own 66.97% of the company’s stock.

Analysts Set New Price Targets

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

1stdibs.Com Company Profile

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.