1stdibs.Com (NASDAQ:DIBS) Earns “Market Perform” Rating from JMP Securities

1stdibs.Com (NASDAQ:DIBSGet Free Report)‘s stock had its “market perform” rating reissued by JMP Securities in a research note issued to investors on Monday,Benzinga reports.

1stdibs.Com Trading Down 0.5 %

DIBS opened at $3.71 on Monday. The stock has a 50-day moving average price of $4.06 and a 200-day moving average price of $4.43. 1stdibs.Com has a 12-month low of $3.37 and a 12-month high of $6.30. The stock has a market capitalization of $135.46 million, a P/E ratio of -8.83 and a beta of 0.94.

1stdibs.Com (NASDAQ:DIBSGet Free Report) last posted its quarterly earnings data on Friday, November 8th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.02). 1stdibs.Com had a negative return on equity of 13.55% and a negative net margin of 18.94%. The firm had revenue of $21.19 million during the quarter, compared to analysts’ expectations of $21.61 million. During the same quarter in the previous year, the company posted ($0.08) earnings per share. On average, equities research analysts predict that 1stdibs.Com will post -0.52 EPS for the current year.

Insider Activity

In other 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 completion of the sale, the insider now owns 12,477 shares of the company’s stock, valued at approximately $49,159.38. The trade was a 49.03 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In the last quarter, insiders sold 15,088 shares of company stock valued at $61,175. Insiders own 19.60% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Garden State Investment Advisory Services LLC bought a new position in 1stdibs.Com during the 3rd quarter valued at approximately $93,000. Barclays PLC raised its position in 1stdibs.Com by 286.6% during the 3rd quarter. Barclays PLC now owns 34,182 shares of the company’s stock valued at $150,000 after purchasing an additional 25,341 shares during the last quarter. 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 valued at $2,929,000 after purchasing an additional 95,292 shares during the last quarter. State Street Corp raised its position in 1stdibs.Com by 2.1% during the 3rd quarter. State Street Corp now owns 294,330 shares of the company’s stock valued at $1,298,000 after purchasing an additional 5,985 shares during the last quarter. Finally, Portolan Capital Management LLC raised its position in 1stdibs.Com by 7.1% during the 3rd quarter. Portolan Capital Management LLC now owns 707,652 shares of the company’s stock valued at $3,121,000 after purchasing an additional 46,699 shares during the last quarter. Institutional investors own 66.97% of the company’s stock.

About 1stdibs.Com

(Get Free Report)

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.

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