Matthew Rubinger Sells 8,132 Shares of 1stdibs.Com, Inc. (NASDAQ:DIBS) Stock

1stdibs.Com, Inc. (NASDAQ:DIBS) insider Matthew Rubinger sold 8,132 shares of the company’s stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $3.00, for a total transaction of $24,396.00. Following the completion of the sale, the insider now directly owns 31,451 shares in the company, valued at $94,353. This trade represents a 20.54 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

1stdibs.Com Price Performance

DIBS stock opened at $3.03 on Friday. The firm’s fifty day simple moving average is $3.68 and its 200-day simple moving average is $3.98. The company has a market capitalization of $107.27 million, a P/E ratio of -7.21 and a beta of 0.96. 1stdibs.Com, Inc. has a 12 month low of $2.82 and a 12 month high of $6.25.

1stdibs.Com (NASDAQ:DIBS) last announced its quarterly earnings results on Friday, February 28th. The company reported ($0.14) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.17) by $0.03. 1stdibs.Com had a negative net margin of 18.94% and a negative return on equity of 13.55%. The firm had revenue of $22.77 million for the quarter, compared to the consensus estimate of $21.57 million. As a group, sell-side analysts forecast that 1stdibs.Com, Inc. will post -0.52 earnings per share for the current year.

Institutional Trading of 1stdibs.Com

Hedge funds have recently added to or reduced their stakes in the company. Intech Investment Management LLC purchased a new stake in 1stdibs.Com during the fourth quarter worth $36,000. Wells Fargo & Company MN boosted its holdings in 1stdibs.Com by 26.0% during the fourth quarter. Wells Fargo & Company MN now owns 14,256 shares of the company’s stock worth $50,000 after buying an additional 2,939 shares in the last quarter. Pitcairn Co. purchased a new stake in 1stdibs.Com during the third quarter worth $65,000. XTX Topco Ltd purchased a new stake in 1stdibs.Com during the fourth quarter worth $84,000. Finally, Garden State Investment Advisory Services LLC purchased a new stake in 1stdibs.Com during the third quarter worth $93,000. 66.97% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently commented on DIBS. JMP Securities reaffirmed a “market perform” rating on shares of 1stdibs.Com in a report on Monday, December 16th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of 1stdibs.Com in a report on Friday, March 7th.

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.