Insider Selling: 1stdibs.Com, Inc. (NASDAQ:DIBS) CFO Sells 4,500 Shares of Stock

1stdibs.Com, Inc. (NASDAQ:DIBS) CFO Thomas J. Etergino sold 4,500 shares of the firm’s stock in a transaction dated Monday, July 8th. The shares were sold at an average price of $4.40, for a total value of $19,800.00. Following the sale, the chief financial officer now directly owns 111,200 shares in the company, valued at $489,280. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

1stdibs.Com Price Performance

Shares of DIBS stock traded down $0.14 during trading hours on Wednesday, hitting $4.20. The stock had a trading volume of 61,950 shares, compared to its average volume of 138,828. 1stdibs.Com, Inc. has a one year low of $3.52 and a one year high of $6.30. The stock’s 50-day moving average price is $5.24 and its two-hundred day moving average price is $5.19. The stock has a market capitalization of $165.40 million, a price-to-earnings ratio of -9.55 and a beta of 0.97.

1stdibs.Com (NASDAQ:DIBS) last issued its earnings results on Thursday, May 9th. The company reported ($0.08) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.09) by $0.01. 1stdibs.Com had a negative return on equity of 13.25% and a negative net margin of 21.13%. The firm had revenue of $22.10 million for the quarter, compared to analysts’ expectations of $21.23 million. During the same period in the previous year, the firm posted ($0.21) earnings per share. The business’s revenue was down .5% compared to the same quarter last year. As a group, equities research analysts predict that 1stdibs.Com, Inc. will post -0.37 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Evercore ISI raised 1stdibs.Com from an “in-line” rating to an “outperform” rating and lifted their target price for the stock from $6.00 to $8.00 in a report on Monday, March 18th.

Institutional Investors Weigh In On 1stdibs.Com

Several large investors have recently made changes to their positions in DIBS. Quadrature Capital Ltd purchased a new position in 1stdibs.Com in the third quarter worth about $37,000. Citigroup Inc. grew its position in 1stdibs.Com by 3,859,850.0% in the third quarter. Citigroup Inc. now owns 77,199 shares of the company’s stock worth $281,000 after acquiring an additional 77,197 shares in the last quarter. GSA Capital Partners LLP grew its position in 1stdibs.Com by 6.1% in the first quarter. GSA Capital Partners LLP now owns 93,672 shares of the company’s stock worth $558,000 after acquiring an additional 5,365 shares in the last quarter. Vanguard Group Inc. grew its position in 1stdibs.Com by 7.3% in the first quarter. Vanguard Group Inc. now owns 1,259,464 shares of the company’s stock worth $7,506,000 after acquiring an additional 85,757 shares in the last quarter. Finally, Acadian Asset Management LLC grew its position in 1stdibs.Com by 198.0% in the first quarter. Acadian Asset Management LLC now owns 130,544 shares of the company’s stock worth $776,000 after acquiring an additional 86,740 shares in the last quarter. 66.97% of the stock is owned by institutional investors.

1stdibs.Com Company Profile

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.