Joel Isaacson & Co. LLC cut its stake in shares of 1stdibs.com, Inc. (NASDAQ:DIBS - Free Report) by 21.8% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 537,210 shares of the company's stock after selling 150,000 shares during the period. Joel Isaacson & Co. LLC owned 1.51% of 1stdibs.com worth $1,477,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in the company. Kovitz Investment Group Partners LLC purchased a new position in shares of 1stdibs.com in the 1st quarter worth $42,000. Jane Street Group LLC purchased a new position in shares of 1stdibs.com in the 1st quarter worth about $45,000. Virtu Financial LLC purchased a new position in shares of 1stdibs.com in the 1st quarter worth about $63,000. Bank of America Corp DE grew its holdings in shares of 1stdibs.com by 31.8% during the 4th quarter. Bank of America Corp DE now owns 26,614 shares of the company's stock worth $94,000 after purchasing an additional 6,424 shares during the period. Finally, Nuveen LLC purchased a new stake in shares of 1stdibs.com during the 1st quarter worth about $103,000. 66.97% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling at 1stdibs.com
In other news, CFO Thomas J. Etergino sold 19,391 shares of the stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $2.80, for a total transaction of $54,294.80. Following the transaction, the chief financial officer owned 240,937 shares of the company's stock, valued at approximately $674,623.60. This trade represents a 7.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO David S. Rosenblatt sold 73,207 shares of the business's stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $2.80, for a total value of $204,979.60. Following the completion of the sale, the chief executive officer directly owned 1,845,898 shares of the company's stock, valued at approximately $5,168,514.40. This represents a 3.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 102,342 shares of company stock worth $286,558 in the last ninety days. 23.48% of the stock is owned by insiders.
1stdibs.com Price Performance
Shares of 1stdibs.com stock opened at $2.64 on Tuesday. 1stdibs.com, Inc. has a 1-year low of $2.30 and a 1-year high of $4.72. The business has a 50-day moving average of $2.71 and a 200-day moving average of $2.67. The company has a market capitalization of $95.70 million, a PE ratio of -4.80 and a beta of 1.06.
1stdibs.com (NASDAQ:DIBS - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The company reported ($0.12) earnings per share for the quarter, beating analysts' consensus estimates of ($0.17) by $0.05. 1stdibs.com had a negative return on equity of 20.13% and a negative net margin of 22.58%.The firm had revenue of $22.14 million during the quarter, compared to analyst estimates of $22.19 million. On average, equities analysts expect that 1stdibs.com, Inc. will post -0.52 earnings per share for the current fiscal year.
Analyst Ratings Changes
Several research firms have issued reports on DIBS. Wall Street Zen upgraded shares of 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 research report on Saturday, September 27th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Reduce".
Read Our Latest Analysis on DIBS
About 1stdibs.com
(
Free Report)
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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