1stdibs.Com (NASDAQ:DIBS) Announces Earnings Results, Beats Estimates By $0.01 EPS

1stdibs.Com (NASDAQ:DIBSGet Free Report) announced its quarterly earnings results on Thursday. The company reported ($0.08) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.01, Briefing.com reports. 1stdibs.Com had a negative net margin of 21.13% and a negative return on equity of 13.12%. The company had revenue of $22.10 million for the quarter, compared to analysts’ expectations of $21.23 million. During the same quarter in the previous year, the business posted ($0.21) EPS. 1stdibs.Com’s revenue was down .5% compared to the same quarter last year.

1stdibs.Com Price Performance

Shares of DIBS stock opened at $6.05 on Friday. 1stdibs.Com has a 1-year low of $3.44 and a 1-year high of $6.30. The stock’s 50-day moving average is $5.68 and its 200 day moving average is $4.96. The company has a market cap of $240.61 million, a P/E ratio of -13.75 and a beta of 1.04.

Analyst Upgrades and Downgrades

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

Read Our Latest Research Report on 1stdibs.Com

Insider Buying and Selling

In related news, major shareholder Insight Holdings Group, Llc sold 11,243 shares of the firm’s stock in a transaction on Friday, May 10th. The shares were sold at an average price of $6.00, for a total transaction of $67,458.00. Following the sale, the insider now owns 49,479 shares in the company, valued at $296,874. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other 1stdibs.Com news, CMO Nancy Hood sold 8,425 shares of the business’s stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $6.00, for a total transaction of $50,550.00. Following the completion of the transaction, the chief marketing officer now owns 72,747 shares in the company, valued at approximately $436,482. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Insight Holdings Group, Llc sold 11,243 shares of the company’s stock in a transaction on Friday, May 10th. The shares were sold at an average price of $6.00, for a total transaction of $67,458.00. Following the completion of the sale, the insider now owns 49,479 shares of the company’s stock, valued at approximately $296,874. The disclosure for this sale can be found here. Insiders sold 330,645 shares of company stock worth $1,915,331 in the last three months. Corporate insiders own 19.60% of the company’s stock.

About 1stdibs.Com

(Get Free Report)

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.

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Earnings History for 1stdibs.Com (NASDAQ:DIBS)

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