State Street Corp Boosts Stock Position in 1stdibs.Com, Inc. (NASDAQ:DIBS)

State Street Corp grew its holdings in shares of 1stdibs.Com, Inc. (NASDAQ:DIBS) by 2.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 294,330 shares of the company’s stock after buying an additional 5,985 shares during the period. State Street Corp owned 0.81% of 1stdibs.Com worth $1,298,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of DIBS. Portolan Capital Management LLC raised its position in shares of 1stdibs.Com by 7.1% during the 3rd quarter. Portolan Capital Management LLC now owns 707,652 shares of the company’s stock worth $3,121,000 after acquiring an additional 46,699 shares in the last quarter. Harspring Capital Management LLC increased its stake in 1stdibs.Com by 83.2% in the third quarter. Harspring Capital Management LLC now owns 440,377 shares of the company’s stock valued at $1,942,000 after purchasing an additional 199,951 shares during the last quarter. Garden State Investment Advisory Services LLC acquired a new stake in 1stdibs.Com during the third quarter worth approximately $93,000. Pitcairn Co. purchased a new stake in shares of 1stdibs.Com during the 3rd quarter worth approximately $65,000. Finally, Joel Isaacson & Co. LLC lifted its position in shares of 1stdibs.Com by 24.0% during the 3rd quarter. Joel Isaacson & Co. LLC now owns 869,612 shares of the company’s stock worth $3,835,000 after buying an additional 168,226 shares during the last quarter. 66.97% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Matthew Rubinger sold 12,002 shares of the business’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $3.94, for a total value of $47,287.88. Following the transaction, the insider now owns 12,477 shares in the company, valued at $49,159.38. The trade was a 49.03 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders sold a total of 15,088 shares of company stock worth $61,175 in the last 90 days. Company insiders own 19.60% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, JMP Securities reaffirmed a “market perform” rating on shares of 1stdibs.Com in a research report on Monday, December 16th.

1stdibs.Com Stock Performance

1stdibs.Com stock opened at $3.53 on Friday. The company has a market capitalization of $128.89 million, a P/E ratio of -8.40 and a beta of 0.94. 1stdibs.Com, Inc. has a fifty-two week low of $3.37 and a fifty-two week high of $6.30. The stock has a 50-day simple moving average of $3.87 and a 200-day simple moving average of $4.29.

1stdibs.Com (NASDAQ:DIBS) last released its quarterly earnings results on Friday, November 8th. The company reported ($0.15) EPS for the quarter, missing the consensus estimate of ($0.13) by ($0.02). The firm had revenue of $21.19 million for the quarter, compared to analyst estimates of $21.61 million. 1stdibs.Com had a negative return on equity of 13.55% and a negative net margin of 18.94%. During the same period last year, the firm earned ($0.08) EPS. As a group, analysts forecast that 1stdibs.Com, Inc. will post -0.52 earnings per share for the current 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.