Short Interest in 1stdibs.Com, Inc. (NASDAQ:DIBS) Increases By 5.7%

1stdibs.Com, Inc. (NASDAQ:DIBS) was the target of a significant increase in short interest during the month of May. As of May 31st, there was short interest totalling 227,500 shares, an increase of 5.7% from the May 15th total of 215,300 shares. Currently, 0.8% of the company’s shares are sold short. Based on an average trading volume of 118,100 shares, the short-interest ratio is presently 1.9 days.

Insider Activity at 1stdibs.Com

In related news, insider Matthew Rubinger sold 5,421 shares of the firm’s stock in a transaction dated Monday, June 17th. The stock was sold at an average price of $4.92, for a total value of $26,671.32. Following the transaction, the insider now owns 24,479 shares in the company, valued at $120,436.68. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, insider Matthew Rubinger sold 5,421 shares of the firm’s stock in a transaction dated Monday, June 17th. The stock was sold at an average price of $4.92, for a total value of $26,671.32. Following the transaction, the insider now owns 24,479 shares in the company, valued at $120,436.68. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Insight Holdings Group, Llc sold 23,847 shares of the firm’s stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $6.19, for a total value of $147,612.93. Following the completion of the transaction, the insider now owns 54,601 shares in the company, valued at approximately $337,980.19. The disclosure for this sale can be found here. Insiders have sold a total of 4,234,294 shares of company stock worth $22,126,939 over the last 90 days. Insiders own 20.28% of the company’s stock.

Institutional Investors Weigh In On 1stdibs.Com

A number of hedge funds have recently modified their holdings of the business. Vanguard Group Inc. raised its position in shares of 1stdibs.Com by 7.3% during the first quarter. Vanguard Group Inc. now owns 1,259,464 shares of the company’s stock worth $7,506,000 after purchasing an additional 85,757 shares during the period. Acadian Asset Management LLC raised its position in shares of 1stdibs.Com by 198.0% during the first quarter. Acadian Asset Management LLC now owns 130,544 shares of the company’s stock worth $776,000 after purchasing an additional 86,740 shares during the period. Jacobs Levy Equity Management Inc. raised its position in shares of 1stdibs.Com by 57.2% during the first quarter. Jacobs Levy Equity Management Inc. now owns 111,933 shares of the company’s stock worth $667,000 after purchasing an additional 40,735 shares during the period. GSA Capital Partners LLP raised its position in shares of 1stdibs.Com by 6.1% during the first quarter. GSA Capital Partners LLP now owns 93,672 shares of the company’s stock worth $558,000 after purchasing an additional 5,365 shares during the period. Finally, Citigroup Inc. raised its position in shares of 1stdibs.Com by 3,859,850.0% during the third quarter. Citigroup Inc. now owns 77,199 shares of the company’s stock worth $281,000 after purchasing an additional 77,197 shares during the period. Institutional investors and hedge funds own 66.97% of the company’s stock.

1stdibs.Com Trading Up 0.4 %

NASDAQ:DIBS opened at $4.89 on Thursday. 1stdibs.Com has a 1-year low of $3.47 and a 1-year high of $6.30. The business’s 50-day moving average price is $5.53 and its two-hundred day moving average price is $5.20. The firm has a market capitalization of $192.55 million, a price-to-earnings ratio of -11.11 and a beta of 1.01.

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

Wall Street Analyst Weigh In

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

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.