1stdibs.com (NASDAQ:DIBS) CFO Sells $54,294.80 in Stock

Key Points

• 1stdibs.com CFO Thomas Etergino sold 19,391 shares of stock for approximately $54,294.80, resulting in a 7.45% decrease in his ownership.
• The company's stock is currently down 4.8% and trades at $2.75, slightly above its 52-week low of $2.30.
• 1stdibs.com reported a negative net margin of 22.58% and a loss of $0.12 per share for the last quarter, exceeding expectations by $0.05.

1stdibs.com, Inc. (NASDAQ:DIBS - Get Free Report) CFO Thomas Etergino sold 19,391 shares of the business's stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $2.80, for a total transaction of $54,294.80. Following the completion of the sale, the chief financial officer directly owned 240,937 shares of the company's stock, valued at $674,623.60. This represents a 7.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

1stdibs.com Stock Down 4.8%

Shares of 1stdibs.com stock traded down $0.14 during midday trading on Wednesday, reaching $2.75. 74,302 shares of the company's stock traded hands, compared to its average volume of 46,878. 1stdibs.com, Inc. has a 52 week low of $2.30 and a 52 week high of $5.00. The company's 50 day simple moving average is $2.71 and its 200 day simple moving average is $2.76.

1stdibs.com (NASDAQ:DIBS - Get Free Report) last posted its earnings results on Wednesday, August 6th. The company reported ($0.12) EPS for the quarter, topping the consensus estimate of ($0.17) by $0.05. 1stdibs.com had a negative net margin of 22.58% and a negative return on equity of 20.13%. The firm had revenue of $22.14 million for the quarter, compared to the consensus estimate of $22.19 million. Sell-side analysts forecast that 1stdibs.com, Inc. will post -0.52 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Kovitz Investment Group Partners LLC acquired a new position in shares of 1stdibs.com during the first quarter valued at about $42,000. Northern Trust Corp grew its position in 1stdibs.com by 8.9% during the fourth quarter. Northern Trust Corp now owns 253,583 shares of the company's stock worth $898,000 after buying an additional 20,805 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in 1stdibs.com by 29.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 354,293 shares of the company's stock valued at $1,254,000 after acquiring an additional 80,693 shares during the period. Barclays PLC increased its stake in 1stdibs.com by 17.6% during the fourth quarter. Barclays PLC now owns 40,192 shares of the company's stock valued at $142,000 after acquiring an additional 6,010 shares during the period. Finally, Arcadia Wealth Management Inc. acquired a new position in 1stdibs.com in the 4th quarter valued at approximately $113,000. Institutional investors own 66.97% of the company's stock.

Analysts Set New Price Targets

DIBS has been the topic of a number of recent analyst reports. Wall Street Zen raised 1stdibs.com from a "sell" rating to a "hold" rating in a research note on Sunday, August 10th. Weiss Ratings reaffirmed a "sell (e+)" rating on shares of 1stdibs.com in a report on Saturday, August 30th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold".

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.

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