1stdibs.Com, Inc. (NASDAQ:DIBS) Short Interest Update

1stdibs.Com, Inc. (NASDAQ:DIBSGet Rating) was the recipient of a large growth in short interest during the month of March. As of March 31st, there was short interest totalling 2,370,000 shares, a growth of 24.1% from the March 15th total of 1,910,000 shares. Based on an average daily volume of 315,100 shares, the days-to-cover ratio is currently 7.5 days. Approximately 15.9% of the shares of the stock are sold short.

A number of institutional investors and hedge funds have recently bought and sold shares of DIBS. Assetmark Inc. bought a new position in 1stdibs.Com during the 3rd quarter worth approximately $40,000. California State Teachers Retirement System bought a new position in shares of 1stdibs.Com during the third quarter valued at approximately $45,000. American International Group Inc. purchased a new stake in 1stdibs.Com in the third quarter worth $46,000. New York State Common Retirement Fund bought a new stake in 1stdibs.Com in the fourth quarter valued at $48,000. Finally, Wells Fargo & Company MN boosted its holdings in 1stdibs.Com by 208.0% in the fourth quarter. Wells Fargo & Company MN now owns 5,079 shares of the company’s stock valued at $64,000 after acquiring an additional 3,430 shares in the last quarter. Institutional investors and hedge funds own 49.22% of the company’s stock.

Several brokerages have recently commented on DIBS. JMP Securities reduced their price objective on 1stdibs.Com from $20.00 to $18.00 and set a “market outperform” rating on the stock in a research report on Wednesday, March 2nd. Raymond James lowered 1stdibs.Com from an “outperform” rating to a “market perform” rating in a research report on Wednesday, March 2nd. Finally, Zacks Investment Research lowered 1stdibs.Com from a “hold” rating to a “sell” rating in a research report on Friday. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, 1stdibs.Com has a consensus rating of “Hold” and a consensus target price of $21.75.

DIBS traded up $0.20 on Tuesday, hitting $7.73. 4,140 shares of the company were exchanged, compared to its average volume of 300,580. The firm has a fifty day simple moving average of $8.90 and a two-hundred day simple moving average of $11.46. 1stdibs.Com has a 12 month low of $6.49 and a 12 month high of $35.46.

1stdibs.Com (NASDAQ:DIBSGet Rating) last posted its quarterly earnings results on Tuesday, March 1st. The company reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.17) by ($0.04). The company had revenue of $26.93 million during the quarter, compared to analyst estimates of $26.96 million. The business’s revenue for the quarter was up 12.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that 1stdibs.Com will post -0.71 EPS for the current year.

About 1stdibs.Com (Get Rating)

1stdibs.Com, Inc operates an online marketplace for vintage, antique, and contemporary furniture, home décor, jewelry, watches, art, and fashion products worldwide. The company offers online marketplace that enables commerce between sellers and buyers; and Design Manager, an online platform that provides software solution to interior designers.

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