Renaissance Technologies LLC Purchases 229,000 Shares of 1stdibs.Com, Inc. (NASDAQ:DIBS)

Renaissance Technologies LLC increased its stake in 1stdibs.Com, Inc. (NASDAQ:DIBS) by 74.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 536,000 shares of the company’s stock after purchasing an additional 229,000 shares during the quarter. Renaissance Technologies LLC owned 1.36% of 1stdibs.Com worth $2,407,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. increased 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 buying an additional 85,757 shares in the last quarter. Acadian Asset Management LLC lifted its holdings in shares of 1stdibs.Com by 99.6% in the 2nd quarter. Acadian Asset Management LLC now owns 260,626 shares of the company’s stock worth $1,167,000 after acquiring an additional 130,082 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in 1stdibs.Com by 3.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 180,377 shares of the company’s stock valued at $810,000 after acquiring an additional 6,387 shares during the period. Jacobs Levy Equity Management Inc. lifted its holdings in 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 buying an additional 40,735 shares in the last quarter. Finally, GSA Capital Partners LLP raised its position in 1stdibs.Com by 6.1% during the 1st quarter. GSA Capital Partners LLP now owns 93,672 shares of the company’s stock valued at $558,000 after purchasing an additional 5,365 shares in the last quarter. Institutional investors own 66.97% of the company’s stock.

Insider Buying and Selling

In other news, insider Matthew Rubinger sold 5,422 shares of the company’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $4.63, for a total value of $25,103.86. Following the sale, the insider now directly owns 32,611 shares of the company’s stock, valued at approximately $150,988.93. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 19.60% of the stock is currently owned by company insiders.

1stdibs.Com Stock Performance

Shares of DIBS opened at $4.47 on Wednesday. The company has a 50 day moving average price of $4.52 and a 200-day moving average price of $5.05. The stock has a market capitalization of $176.01 million, a PE ratio of -10.16 and a beta of 0.99. 1stdibs.Com, Inc. has a fifty-two week low of $3.52 and a fifty-two week high of $6.30.

1stdibs.Com (NASDAQ:DIBS) last announced its earnings results on Tuesday, August 6th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.11) by ($0.01). The business had revenue of $22.24 million for the quarter, compared to analyst estimates of $21.70 million. 1stdibs.Com had a negative net margin of 16.28% and a negative return on equity of 10.93%. During the same period in the prior year, the company earned ($0.21) earnings per share. Equities research analysts forecast that 1stdibs.Com, Inc. will post -0.47 EPS for the current year.

About 1stdibs.Com

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.