1stdibs.Com, Inc. (NASDAQ:DIBS) Short Interest Up 23.9% in December

1stdibs.Com, Inc. (NASDAQ:DIBS) was the recipient of a significant increase in short interest during the month of December. As of December 15th, there was short interest totalling 425,200 shares, an increase of 23.9% from the November 30th total of 343,200 shares. Approximately 1.6% of the shares of the company are short sold. Based on an average daily volume of 126,600 shares, the days-to-cover ratio is presently 3.4 days.

Analyst Ratings Changes

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

1stdibs.Com Price Performance

NASDAQ:DIBS opened at $3.64 on Tuesday. The company has a 50 day moving average price of $3.93 and a 200-day moving average price of $4.33. 1stdibs.Com has a 1-year low of $3.37 and a 1-year high of $6.30. The firm has a market cap of $132.91 million, a price-to-earnings ratio of -8.67 and a beta of 0.94.

1stdibs.Com (NASDAQ:DIBS) last posted its earnings results on Friday, November 8th. The company reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.02). The business had revenue of $21.19 million for the quarter, compared to analyst estimates of $21.61 million. 1stdibs.Com had a negative net margin of 18.94% and a negative return on equity of 13.55%. During the same quarter last year, the business earned ($0.08) earnings per share. On average, sell-side analysts anticipate that 1stdibs.Com will post -0.52 earnings per share for the current fiscal year.

Insider Transactions at 1stdibs.Com

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

Institutional Trading of 1stdibs.Com

Several institutional investors have recently modified their holdings of the stock. Harspring Capital Management LLC acquired a new stake in 1stdibs.Com in the 2nd quarter worth about $1,080,000. Acadian Asset Management LLC increased its position in shares of 1stdibs.Com by 99.6% during the second quarter. Acadian Asset Management LLC now owns 260,626 shares of the company’s stock worth $1,167,000 after purchasing an additional 130,082 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of 1stdibs.Com by 74.6% during the second quarter. Renaissance Technologies LLC now owns 536,000 shares of the company’s stock worth $2,407,000 after purchasing an additional 229,000 shares in the last quarter. Joel Isaacson & Co. LLC raised its stake in 1stdibs.Com by 24.0% in the 3rd quarter. Joel Isaacson & Co. LLC now owns 869,612 shares of the company’s stock valued at $3,835,000 after purchasing an additional 168,226 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in 1stdibs.Com by 3.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 180,377 shares of the company’s stock valued at $810,000 after purchasing an additional 6,387 shares in the last quarter. 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.