1stdibs.com, Inc. (NASDAQ:DIBS) Short Interest Update

Key Points

• Short interest jumped 57.0% in March to 572,136 shares as of March 31, representing about 2.1% of shares and a short-interest ratio of 3.4 days (average volume ~169,622).
• 1stdibs.com trades near $5.59 with a market cap of roughly $203M, posts negative earnings (analysts expect -$0.52 EPS this year) and has a 52-week range of $2.33–$6.62.
• Analyst views are mixed (average rating "Hold" with a $7 target), and insider activity includes the General Counsel selling 12,248 shares while insiders collectively own ~24.21% of the company.

1stdibs.com, Inc. (NASDAQ:DIBS - Get Free Report) was the recipient of a significant growth in short interest in the month of March. As of March 31st, there was short interest totaling 572,136 shares, a growth of 57.0% from the March 15th total of 364,386 shares. Based on an average trading volume of 169,622 shares, the short-interest ratio is presently 3.4 days. Approximately 2.1% of the shares of the stock are short sold.

1stdibs.com Stock Performance

1stdibs.com stock opened at $5.59 on Tuesday. The firm has a market cap of $203.36 million, a P/E ratio of -14.33 and a beta of 0.94. The business's fifty day moving average is $5.44 and its two-hundred day moving average is $5.02. 1stdibs.com has a 52 week low of $2.33 and a 52 week high of $6.62.

1stdibs.com (NASDAQ:DIBS - Get Free Report) last posted its quarterly earnings data on Friday, February 27th. The company reported ($0.03) EPS for the quarter, topping analysts' consensus estimates of ($0.04) by $0.01. The company had revenue of $22.97 million for the quarter, compared to analyst estimates of $23.10 million. 1stdibs.com had a negative return on equity of 14.44% and a negative net margin of 15.25%. On average, equities research analysts predict that 1stdibs.com will post -0.52 earnings per share for the current year.

Wall Street Analyst Weigh In

DIBS has been the topic of a number of analyst reports. Northland Securities upgraded 1stdibs.com from a "market perform" rating to an "outperform" rating and set a $7.00 price target on the stock in a research report on Tuesday, March 3rd. Weiss Ratings reiterated a "sell (d-)" rating on shares of 1stdibs.com in a research report on Friday, March 27th. Finally, Wall Street Zen raised 1stdibs.com from a "hold" rating to a "buy" rating in a research note on Saturday, March 7th. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $7.00.

Insiders Place Their Bets

In other 1stdibs.com news, General Counsel Melanie F. Goins sold 12,248 shares of the company's stock in a transaction on Monday, March 9th. The stock was sold at an average price of $5.50, for a total value of $67,364.00. Following the sale, the general counsel directly owned 224,270 shares in the company, valued at $1,233,485. This represents a 5.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders sold 15,000 shares of company stock valued at $82,553 in the last quarter. Corporate insiders own 24.21% of the company's stock.

Hedge Funds Weigh In On 1stdibs.com

Institutional investors and hedge funds have recently bought and sold shares of the business. Kanen Wealth Management LLC acquired a new position in shares of 1stdibs.com during the fourth quarter valued at $7,018,000. Joel Isaacson & Co. LLC lifted its stake in shares of 1stdibs.com by 53.5% during the fourth quarter. Joel Isaacson & Co. LLC now owns 1,067,746 shares of the company's stock valued at $6,396,000 after acquiring an additional 372,367 shares during the period. Jane Street Group LLC lifted its stake in shares of 1stdibs.com by 391.9% during the fourth quarter. Jane Street Group LLC now owns 281,587 shares of the company's stock valued at $1,687,000 after acquiring an additional 224,341 shares during the period. Truffle Hound Capital LLC lifted its stake in shares of 1stdibs.com by 50.0% during the third quarter. Truffle Hound Capital LLC now owns 600,000 shares of the company's stock valued at $1,554,000 after acquiring an additional 200,000 shares during the period. Finally, 683 Capital Management LLC acquired a new position in shares of 1stdibs.com during the fourth quarter valued at $1,053,000. Institutional investors and hedge funds own 66.97% of the company's stock.

1stdibs.com Company Profile

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.

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