Joel Isaacson & Co. LLC Has $6.40 Million Holdings in 1stdibs.com, Inc. $DIBS

Key Points

• Joel Isaacson & Co. LLC raised its stake in 1stdibs.com by 53.5% to 1,067,746 shares, representing about 2.92% of the company and worth roughly $6.40 million at quarter-end.
• General Counsel Melanie F. Goins sold 12,248 shares at an average of $5.50 (≈$67,364); insiders sold a total of 15,000 shares last quarter and now own 24.21% of the company.
• Analyst opinions are mixed — Wall Street Zen upgraded to a "buy" and Northland to "outperform" while Weiss kept a "sell"; the consensus rating is Hold with a target price of $7.00.

Joel Isaacson & Co. LLC raised its holdings in 1stdibs.com, Inc. (NASDAQ:DIBS - Free Report) by 53.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,067,746 shares of the company's stock after acquiring an additional 372,367 shares during the period. Joel Isaacson & Co. LLC owned about 2.92% of 1stdibs.com worth $6,396,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of DIBS. Bank of America Corp DE boosted its stake in shares of 1stdibs.com by 31.8% in the 4th 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 in the last quarter. Goldman Sachs Group Inc. increased its position in 1stdibs.com by 60.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 118,051 shares of the company's stock worth $359,000 after purchasing an additional 44,541 shares in the last quarter. Jane Street Group LLC acquired a new position in 1stdibs.com during the 1st quarter worth approximately $45,000. Acadian Asset Management LLC lifted its stake in 1stdibs.com by 5.6% in the 1st quarter. Acadian Asset Management LLC now owns 286,063 shares of the company's stock valued at $867,000 after purchasing an additional 15,206 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership bought a new position in 1stdibs.com in the 2nd quarter valued at approximately $89,000. Institutional investors and hedge funds own 66.97% of the company's stock.

Insider Buying and Selling at 1stdibs.com

In related news, General Counsel Melanie F. Goins sold 12,248 shares of the stock in a transaction on Monday, March 9th. The stock was sold at an average price of $5.50, for a total value of $67,364.00. Following the completion of the sale, the general counsel directly owned 224,270 shares in the company, valued at $1,233,485. This represents a 5.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders have sold a total of 15,000 shares of company stock valued at $82,553 over the last quarter. Insiders own 24.21% of the company's stock.

Analyst Ratings Changes

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

1stdibs.com Price Performance

Shares of NASDAQ DIBS opened at $5.05 on Wednesday. The company has a 50 day simple moving average of $5.52 and a 200 day simple moving average of $5.26. 1stdibs.com, Inc. has a 1 year low of $2.35 and a 1 year high of $6.62. The firm has a market cap of $183.72 million, a PE ratio of -12.95 and a beta of 0.94.

1stdibs.com (NASDAQ:DIBS - Get Free Report) last posted its earnings results on Friday, February 27th. The company reported ($0.03) earnings per share for the quarter, topping analysts' consensus estimates of ($0.04) by $0.01. The firm had revenue of $22.97 million for the quarter, compared to analyst estimates of $23.10 million. 1stdibs.com had a negative net margin of 15.25% and a negative return on equity of 14.44%. As a group, research analysts anticipate that 1stdibs.com, Inc. will post -0.2 earnings per share for the current fiscal year.

1stdibs.com Company Profile

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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