1stdibs.com (NASDAQ:DIBS) Shares Up 3% - Time to Buy?

Key Points

• Shares rose 3% to $5.57 on Monday with 160,392 shares traded (about 15% below average); the stock trades near its 50-day and 200-day moving averages of $5.45 and $4.92 and has a market cap of ~$202.6M.
• Analyst views are mixed: Wall Street Zen upgraded to a Buy and Northland to Outperform (with a $7.00 target) while Weiss maintains a Sell, leaving a MarketBeat consensus rating of "Hold" and a consensus price target of $7.00.
• Operationally, 1stdibs reported Q4 EPS of ($0.03) which beat estimates while revenue of $22.97M slightly missed; the company remains unprofitable (net margin -15.25%, projected -0.52 EPS for the year) and insiders have recently sold shares (GC sold 12,248 shares), with insiders owning 19.6%.

1stdibs.com, Inc. (NASDAQ:DIBS - Get Free Report)'s share price shot up 3% on Monday . The company traded as high as $5.57 and last traded at $5.57. 160,392 shares changed hands during mid-day trading, a decline of 15% from the average session volume of 189,520 shares. The stock had previously closed at $5.41.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on DIBS. Wall Street Zen raised shares of 1stdibs.com from a "hold" rating to a "buy" rating in a report on Saturday, March 7th. Weiss Ratings reissued a "sell (d-)" rating on shares of 1stdibs.com in a report on Friday, March 27th. Finally, Northland Securities raised shares of 1stdibs.com from a "market perform" rating to an "outperform" rating and set a $7.00 price objective for the company in a report on Tuesday, March 3rd. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, 1stdibs.com presently has an average rating of "Hold" and a consensus price target of $7.00.

1stdibs.com Trading Up 3.0%

The business's fifty day moving average price is $5.45 and its 200 day moving average price is $4.92. The company has a market capitalization of $202.64 million, a P/E ratio of -14.28 and a beta of 0.94.

1stdibs.com (NASDAQ:DIBS - Get Free Report) last released 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 during the quarter, compared to the consensus estimate of $23.10 million. 1stdibs.com had a negative net margin of 15.25% and a negative return on equity of 14.44%. Equities research analysts anticipate that 1stdibs.com, Inc. will post -0.52 EPS for the current year.

Insider Activity

In related news, General Counsel Melanie F. Goins sold 12,248 shares of the stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $5.50, for a total transaction of $67,364.00. Following the completion of the sale, the general counsel owned 224,270 shares in the company, valued at $1,233,485. This trade represents a 5.18% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In the last ninety days, insiders have sold 15,000 shares of company stock worth $82,553. Company insiders own 19.60% of the company's stock.

Institutional Investors Weigh In On 1stdibs.com

A number of hedge funds have recently made changes to their positions in DIBS. JPMorgan Chase & Co. increased its position in shares of 1stdibs.com by 59.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 10,395 shares of the company's stock worth $27,000 after purchasing an additional 3,862 shares in the last quarter. FNY Investment Advisers LLC acquired a new stake in shares of 1stdibs.com during the 4th quarter worth about $29,000. Jump Financial LLC acquired a new stake in shares of 1stdibs.com during the 2nd quarter worth about $30,000. Bank of America Corp DE increased its position in shares of 1stdibs.com by 43.5% during the 3rd quarter. Bank of America Corp DE now owns 13,216 shares of the company's stock worth $34,000 after purchasing an additional 4,006 shares in the last quarter. Finally, Elevation Point Wealth Partners LLC acquired a new stake in 1stdibs.com in the 3rd quarter valued at about $34,000. Institutional investors and hedge funds own 66.97% of the company's stock.

About 1stdibs.com

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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