Melanie F. Goins Sells 9,744 Shares of 1stdibs.com (NASDAQ:DIBS) Stock

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 F. Goins sold 9,744 shares of the firm's stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $2.80, for a total transaction of $27,283.20. Following the completion of the sale, the general counsel owned 191,170 shares of the company's stock, valued at approximately $535,276. The trade was a 4.85% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

1stdibs.com Stock Performance

NASDAQ:DIBS traded down $0.02 during mid-day trading on Monday, reaching $2.78. The stock had a trading volume of 40,016 shares, compared to its average volume of 46,745. The firm has a market capitalization of $100.78 million, a price-to-earnings ratio of -5.05 and a beta of 1.07. 1stdibs.com, Inc. has a twelve month low of $2.30 and a twelve month high of $4.85. The business has a 50 day simple moving average of $2.71 and a 200 day simple moving average of $2.73.

1stdibs.com (NASDAQ:DIBS - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The company reported ($0.12) earnings per share (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 company had revenue of $22.14 million during the quarter, compared to the consensus estimate of $22.19 million. As a group, sell-side analysts expect that 1stdibs.com, Inc. will post -0.52 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Wall Street Zen upgraded shares of 1stdibs.com from a "sell" rating to a "hold" rating in a research report on Sunday, August 10th. Weiss Ratings reiterated a "sell (e+)" rating on shares of 1stdibs.com in a research report on Saturday, August 30th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the company presently has an average rating of "Hold".

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of DIBS. Wells Fargo & Company MN raised its position in shares of 1stdibs.com by 26.0% during the 4th quarter. Wells Fargo & Company MN now owns 14,256 shares of the company's stock worth $50,000 after purchasing an additional 2,939 shares during the last quarter. Barclays PLC lifted its stake in shares of 1stdibs.com by 17.6% during the 4th quarter. Barclays PLC now owns 40,192 shares of the company's stock worth $142,000 after purchasing an additional 6,010 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of 1stdibs.com by 29.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 354,293 shares of the company's stock worth $1,254,000 after purchasing an additional 80,693 shares during the last quarter. Northern Trust Corp grew its position in shares of 1stdibs.com by 8.9% in the fourth quarter. Northern Trust Corp now owns 253,583 shares of the company's stock valued at $898,000 after purchasing an additional 20,805 shares during the period. Finally, Bank of America Corp DE grew its position in shares of 1stdibs.com by 31.8% in the fourth quarter. Bank of America Corp DE now owns 26,614 shares of the company's stock valued at $94,000 after purchasing an additional 6,424 shares during the period. 66.97% of the stock is currently owned by institutional investors and hedge funds.

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.