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

1stdibs.Com, Inc. (NASDAQ:DIBSGet Rating) was the recipient of a significant drop in short interest in the month of July. As of July 31st, there was short interest totalling 1,650,000 shares, a drop of 8.3% from the July 15th total of 1,800,000 shares. Approximately 11.1% of the shares of the company are short sold. Based on an average daily volume of 189,800 shares, the days-to-cover ratio is currently 8.7 days.

1stdibs.Com Trading Down 1.4 %

Shares of DIBS stock traded down $0.10 during mid-day trading on Wednesday, reaching $6.96. The stock had a trading volume of 1,440 shares, compared to its average volume of 135,868. 1stdibs.Com has a 12-month low of $4.77 and a 12-month high of $19.00. The company has a market cap of $268.59 million, a P/E ratio of -12.61 and a beta of 1.04. The business has a 50-day simple moving average of $6.20 and a 200 day simple moving average of $7.37.

1stdibs.Com (NASDAQ:DIBSGet Rating) last announced its quarterly earnings results on Wednesday, August 10th. The company reported ($0.01) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.24) by $0.23. 1stdibs.Com had a negative return on equity of 19.67% and a negative net margin of 20.57%. The business had revenue of $24.58 million during the quarter, compared to analysts’ expectations of $24.85 million. During the same quarter last year, the business posted ($0.44) earnings per share. The business’s revenue for the quarter was down .5% on a year-over-year basis. Research analysts anticipate that 1stdibs.Com will post -0.72 EPS for the current year.

Insider Buying and Selling

In related news, CTO Ross A. Paul sold 6,539 shares of the stock in a transaction on Friday, June 3rd. The stock was sold at an average price of $5.61, for a total transaction of $36,683.79. Following the completion of the sale, the chief technology officer now directly owns 105,755 shares of the company’s stock, valued at $593,285.55. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, CTO Ross A. Paul sold 6,539 shares of the stock in a transaction on Friday, June 3rd. The stock was sold at an average price of $5.61, for a total transaction of $36,683.79. Following the completion of the sale, the chief technology officer now directly owns 105,755 shares of the company’s stock, valued at $593,285.55. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CTO Ross A. Paul sold 9,686 shares of the stock in a transaction on Wednesday, June 15th. The stock was sold at an average price of $5.42, for a total value of $52,498.12. Following the sale, the chief technology officer now directly owns 130,888 shares of the company’s stock, valued at $709,412.96. The disclosure for this sale can be found here. Insiders sold a total of 58,742 shares of company stock valued at $336,492 over the last three months. 19.90% of the stock is currently owned by company insiders.

Institutional Trading of 1stdibs.Com

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Philosophy Capital Management LLC acquired a new stake in shares of 1stdibs.Com during the 1st quarter worth about $6,801,000. Must Asset Management Inc. lifted its stake in shares of 1stdibs.Com by 291.5% during the fourth quarter. Must Asset Management Inc. now owns 1,108,646 shares of the company’s stock valued at $13,659,000 after buying an additional 825,434 shares during the period. Harbert Fund Advisors Inc. lifted its stake in shares of 1stdibs.Com by 143.1% during the second quarter. Harbert Fund Advisors Inc. now owns 969,959 shares of the company’s stock valued at $5,519,000 after buying an additional 570,920 shares during the period. Glynn Capital Management LLC purchased a new position in shares of 1stdibs.Com during the fourth quarter valued at approximately $6,550,000. Finally, BlackRock Inc. lifted its stake in shares of 1stdibs.Com by 141.7% during the first quarter. BlackRock Inc. now owns 877,698 shares of the company’s stock valued at $7,013,000 after buying an additional 514,489 shares during the period. Hedge funds and other institutional investors own 51.51% of the company’s stock.

Analyst Upgrades and Downgrades

DIBS has been the subject of several research analyst reports. Barclays cut their price objective on 1stdibs.Com from $10.00 to $9.00 and set an “overweight” rating for the company in a research report on Thursday, August 11th. JMP Securities cut 1stdibs.Com from an “outperform” rating to a “hold” rating and set a $9.00 price objective for the company. in a research report on Wednesday, June 1st.

1stdibs.Com Company Profile

(Get Rating)

1stdibs.Com, Inc operates an online marketplace for vintage, antique, and contemporary furniture, home décor, jewelry, watches, art, and fashion products worldwide. The company offers online marketplace that enables commerce between sellers and buyers; and Design Manager, an online platform that provides software solution to interior designers.

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