1stdibs.Com, Inc. (NASDAQ:DIBS) Sees Large Increase in Short Interest

1stdibs.Com, Inc. (NASDAQ:DIBS) saw a significant increase in short interest in July. As of July 15th, there was short interest totalling 531,500 shares, an increase of 162.7% from the June 30th total of 202,300 shares. Approximately 1.9% of the shares of the stock are short sold. Based on an average daily trading volume, of 160,800 shares, the short-interest ratio is presently 3.3 days.

Insider Buying and Selling at 1stdibs.Com

In other news, insider Matthew Rubinger sold 5,421 shares of the business’s stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $4.92, for a total transaction of $26,671.32. Following the sale, the insider now owns 24,479 shares of the company’s stock, valued at approximately $120,436.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider Matthew Rubinger sold 5,421 shares of the company’s stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $4.92, for a total value of $26,671.32. Following the sale, the insider now owns 24,479 shares of the company’s stock, valued at approximately $120,436.68. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, major shareholder Insight Holdings Group, Llc sold 3,982,446 shares of the stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $5.20, for a total value of $20,708,719.20. The disclosure for this sale can be found here. Over the last three months, insiders sold 4,054,239 shares of company stock valued at $21,111,248. Corporate insiders own 19.60% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Virtu Financial LLC increased its stake in 1stdibs.Com by 23.8% in the first quarter. Virtu Financial LLC now owns 12,436 shares of the company’s stock valued at $74,000 after purchasing an additional 2,389 shares during the last quarter. GSA Capital Partners LLP grew its holdings in 1stdibs.Com by 6.1% in the 1st quarter. GSA Capital Partners LLP now owns 93,672 shares of the company’s stock valued at $558,000 after buying an additional 5,365 shares during the period. Quadrature Capital Ltd acquired a new position in shares of 1stdibs.Com during the 1st quarter valued at about $124,000. Jacobs Levy Equity Management Inc. increased its stake in shares of 1stdibs.Com by 57.2% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 111,933 shares of the company’s stock valued at $667,000 after acquiring an additional 40,735 shares during the last quarter. Finally, Bank of New York Mellon Corp acquired a new stake in shares of 1stdibs.Com in the second quarter worth approximately $333,000. Hedge funds and other institutional investors own 66.97% of the company’s stock.

1stdibs.Com Stock Performance

DIBS stock traded up $0.16 during trading on Friday, hitting $4.70. The stock had a trading volume of 161,149 shares, compared to its average volume of 257,335. The stock has a market cap of $185.09 million, a price-to-earnings ratio of -10.68 and a beta of 0.97. The company’s 50 day moving average price is $4.94 and its two-hundred day moving average price is $5.19. 1stdibs.Com has a 1-year low of $3.52 and a 1-year high of $6.30.

1stdibs.Com (NASDAQ:DIBS) last posted its quarterly earnings data on Thursday, May 9th. The company reported ($0.08) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.01. 1stdibs.Com had a negative net margin of 21.13% and a negative return on equity of 13.25%. The business had revenue of $22.10 million during the quarter, compared to analyst estimates of $21.23 million. During the same quarter in the previous year, the business posted ($0.21) earnings per share. The company’s revenue was down .5% on a year-over-year basis. As a group, sell-side analysts forecast that 1stdibs.Com will post -0.37 earnings per share for the current fiscal year.

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.