1stdibs.Com (NASDAQ:DIBS) Receives Market Perform Rating from JMP Securities

JMP Securities restated their market perform rating on shares of 1stdibs.Com (NASDAQ:DIBS) in a research note released on Monday,Benzinga reports.

1stdibs.Com Stock Performance

Shares of NASDAQ:DIBS opened at $3.50 on Monday. The firm has a market cap of $127.80 million, a PE ratio of -8.33 and a beta of 0.94. The firm’s 50 day simple moving average is $4.04 and its 200-day simple moving average is $4.43. 1stdibs.Com has a one year low of $3.37 and a one year high of $6.30.

1stdibs.Com (NASDAQ:DIBS) last announced 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). 1stdibs.Com had a negative net margin of 18.94% and a negative return on equity of 13.55%. The firm had revenue of $21.19 million for the quarter, compared to analysts’ expectations of $21.61 million. During the same quarter in the prior year, the business posted ($0.08) EPS. Equities research analysts predict that 1stdibs.Com will post -0.52 EPS for the current fiscal year.

Insider Activity at 1stdibs.Com

In related news, insider Matthew Rubinger sold 12,002 shares of the stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $3.94, for a total value of $47,287.88. Following the completion of the transaction, the insider now directly owns 12,477 shares of the company’s stock, valued at $49,159.38. This trade represents a 49.03 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders have sold a total of 15,088 shares of company stock valued at $61,175 over the last ninety days. 19.60% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Joel Isaacson & Co. LLC raised its stake in shares of 1stdibs.Com by 24.0% in the third quarter. Joel Isaacson & Co. LLC now owns 869,612 shares of the company’s stock worth $3,835,000 after purchasing an additional 168,226 shares during the last quarter. Portolan Capital Management LLC increased its holdings in 1stdibs.Com by 7.1% in the 3rd quarter. Portolan Capital Management LLC now owns 707,652 shares of the company’s stock worth $3,121,000 after buying an additional 46,699 shares during the period. Geode Capital Management LLC raised its position in 1stdibs.Com by 16.8% during the 3rd quarter. Geode Capital Management LLC now owns 664,078 shares of the company’s stock worth $2,929,000 after buying an additional 95,292 shares during the last quarter. Renaissance Technologies LLC lifted its stake in 1stdibs.Com by 74.6% during the 2nd quarter. Renaissance Technologies LLC now owns 536,000 shares of the company’s stock valued at $2,407,000 after acquiring an additional 229,000 shares during the period. Finally, Harspring Capital Management LLC lifted its stake in 1stdibs.Com by 83.2% during the 3rd quarter. Harspring Capital Management LLC now owns 440,377 shares of the company’s stock valued at $1,942,000 after acquiring an additional 199,951 shares during the period. Institutional investors and hedge funds own 66.97% of the company’s stock.

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.