1stdibs.com (NASDAQ:DIBS) General Counsel Melanie Goins Sells 9,744 Shares

Key Points

• Melanie Goins, General Counsel of 1stdibs.com, sold 9,744 shares for $27,283.20, reducing her ownership to 191,170 shares.
• Shares of 1stdibs.com (DIBS) experienced a 4.8% decline in value, trading at $2.75, while the company continues to report negative margins.
• Analysts currently maintain a consensus rating of "Hold" for 1stdibs.com, with some upgrades and downgrades reflecting mixed market sentiment.

1stdibs.com, Inc. (NASDAQ:DIBS - Get Free Report) General Counsel Melanie Goins sold 9,744 shares of 1stdibs.com stock in a transaction on Monday, September 8th. The stock was sold at an average price of $2.80, for a total value of $27,283.20. Following the transaction, the general counsel directly owned 191,170 shares of the company's stock, valued at approximately $535,276. This represents a 4.85% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

1stdibs.com Trading Down 4.8%

Shares of DIBS stock traded down $0.14 during mid-day trading on Wednesday, reaching $2.75. The stock had a trading volume of 74,302 shares, compared to its average volume of 46,878. 1stdibs.com, Inc. has a 12-month low of $2.30 and a 12-month high of $5.00. The business has a 50-day simple moving average of $2.71 and a 200 day simple moving average of $2.76.

1stdibs.com (NASDAQ:DIBS - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The company reported ($0.12) EPS for the quarter, beating analysts' consensus estimates 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 analysts' expectations of $22.19 million. On average, analysts forecast that 1stdibs.com, Inc. will post -0.52 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

DIBS has been the subject of several research reports. Wall Street Zen upgraded 1stdibs.com from a "sell" rating to a "hold" rating in a research report on Sunday, August 10th. Weiss Ratings reissued a "sell (e+)" rating on shares of 1stdibs.com in a research report on Saturday, August 30th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company presently has a consensus rating of "Hold".

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Topline Capital Management LLC purchased a new stake in shares of 1stdibs.com in the second quarter valued at $120,000. Jane Street Group LLC increased its stake in shares of 1stdibs.com by 380.8% during the 2nd quarter. Jane Street Group LLC now owns 71,375 shares of the company's stock valued at $196,000 after acquiring an additional 56,530 shares during the last quarter. RBF Capital LLC acquired a new stake in shares of 1stdibs.com in the second quarter worth approximately $77,000. Qube Research & Technologies Ltd purchased a new stake in 1stdibs.com in the second quarter valued at approximately $99,000. Finally, Jump Financial LLC purchased a new position in 1stdibs.com during the second quarter worth approximately $30,000. Hedge funds and other institutional investors own 66.97% of the company's stock.

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.

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