William Blair Analysts Increase Earnings Estimates for 1stdibs.Com, Inc. (NASDAQ:DIBS)

1stdibs.Com, Inc. (NASDAQ:DIBS - Free Report) - Equities researchers at William Blair raised their FY2024 earnings estimates for shares of 1stdibs.Com in a research note issued to investors on Wednesday, May 8th. William Blair analyst R. Schackart now anticipates that the company will post earnings per share of ($0.37) for the year, up from their prior estimate of ($0.39). The consensus estimate for 1stdibs.Com's current full-year earnings is ($0.39) per share. William Blair also issued estimates for 1stdibs.Com's Q4 2024 earnings at ($0.09) EPS and FY2025 earnings at ($0.31) EPS.

Separately, Evercore ISI raised shares of 1stdibs.Com from an "in-line" rating to an "outperform" rating and increased their price objective for the company from $6.00 to $8.00 in a research report on Monday, March 18th.

1stdibs.Com Stock Up 2.5 %

Shares of 1stdibs.Com stock traded up $0.15 during midday trading on Friday, hitting $6.05. The company had a trading volume of 104,973 shares, compared to its average volume of 117,963. The stock has a market cap of $240.61 million, a price-to-earnings ratio of -10.35 and a beta of 1.04. The company has a fifty day simple moving average of $5.66 and a 200 day simple moving average of $4.94. 1stdibs.Com has a 12-month low of $3.44 and a 12-month high of $6.30.

1stdibs.Com (NASDAQ:DIBS - Get Free Report) last announced its quarterly earnings data on Thursday, May 9th. The company reported ($0.08) EPS for the quarter, beating the consensus estimate of ($0.09) by $0.01. The firm had revenue of $22.10 million during the quarter, compared to analyst estimates of $21.23 million. 1stdibs.Com had a negative net margin of 26.80% and a negative return on equity of 16.46%. 1stdibs.Com's revenue was down .5% on a year-over-year basis. During the same period last year, the firm posted ($0.21) EPS.

Institutional Investors Weigh In On 1stdibs.Com

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Quadrature Capital Ltd acquired a new stake in 1stdibs.Com in the 3rd quarter valued at $37,000. Barclays PLC acquired a new stake in 1stdibs.Com during the 3rd quarter worth $38,000. Jump Financial LLC purchased a new stake in shares of 1stdibs.Com during the third quarter worth $38,000. Perigon Wealth Management LLC purchased a new position in shares of 1stdibs.Com in the third quarter worth about $40,000. Finally, Banco Santander S.A. grew its stake in 1stdibs.Com by 21.1% during the 3rd quarter. Banco Santander S.A. now owns 13,937 shares of the company's stock valued at $51,000 after acquiring an additional 2,433 shares in the last quarter. Institutional investors and hedge funds own 66.97% of the company's stock.

Insiders Place Their Bets

In other 1stdibs.Com news, major shareholder Insight Holdings Group, Llc sold 45,420 shares of the firm's stock in a transaction that occurred on Wednesday, April 17th. The shares were sold at an average price of $5.00, for a total transaction of $227,100.00. Following the completion of the transaction, the insider now directly owns 50,235 shares of the company's stock, valued at approximately $251,175. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other 1stdibs.Com news, major shareholder Insight Holdings Group, Llc sold 45,420 shares of the firm's stock in a transaction that occurred on Wednesday, April 17th. The shares were sold at an average price of $5.00, for a total transaction of $227,100.00. Following the completion of the transaction, the insider now directly owns 50,235 shares of the company's stock, valued at approximately $251,175. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Thomas J. Etergino sold 4,500 shares of the firm's stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of $5.91, for a total transaction of $26,595.00. Following the transaction, the chief financial officer now directly owns 95,220 shares of the company's stock, valued at $562,750.20. The disclosure for this sale can be found here. In the last ninety days, insiders sold 301,878 shares of company stock valued at $1,745,182. 20.28% of the stock is owned by insiders.

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.