1stdibs.Com, Inc. (NASDAQ:DIBS) CTO Ross A. Paul Sells 9,686 Shares

1stdibs.Com, Inc. (NASDAQ:DIBS – Get Rating) CTO Ross A. Paul sold 9,686 shares of 1stdibs.Com stock in a transaction dated Wednesday, June 15th. The shares were sold at an average price of $5.42, for a total value of $52,498.12. Following the transaction, the chief technology officer now directly owns 130,888 shares in the company, valued at approximately $709,412.96. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

DIBS opened at $5.37 on Friday. The business has a 50 day moving average price of $6.49 and a 200 day moving average price of $9.00. 1stdibs.Com, Inc. has a twelve month low of $4.77 and a twelve month high of $35.46. The firm has a market cap of $204.44 million and a P/E ratio of -5.42.

1stdibs.Com (NASDAQ:DIBS – Get Rating) last posted its earnings results on Wednesday, May 11th. The company reported ($0.17) earnings per share for the quarter, topping the consensus estimate of ($0.18) by $0.01. 1stdibs.Com had a negative return on equity of 15.64% and a negative net margin of 24.25%. The firm had revenue of $26.59 million during the quarter, compared to analyst estimates of $26.72 million. On average, research analysts expect that 1stdibs.Com, Inc. will post -0.81 EPS for the current year.

Several hedge funds have recently modified their holdings of the company. Bank of America Corp DE lifted its holdings in shares of 1stdibs.Com by 50.3% during the first quarter. Bank of America Corp DE now owns 134,670 shares of the company’s stock worth $1,075,000 after buying an additional 45,043 shares during the last quarter. Philosophy Capital Management LLC acquired a new position in shares of 1stdibs.Com during the first quarter worth approximately $6,801,000. Potrero Capital Research LLC lifted its holdings in shares of 1stdibs.Com by 3.6% during the first quarter. Potrero Capital Research LLC now owns 273,323 shares of the company’s stock worth $2,184,000 after buying an additional 9,603 shares during the last quarter. Quantbot Technologies LP acquired a new position in shares of 1stdibs.Com during the first quarter worth approximately $103,000. Finally, California State Teachers Retirement System raised its stake in shares of 1stdibs.Com by 114.1% in the first quarter. California State Teachers Retirement System now owns 8,703 shares of the company’s stock valued at $70,000 after purchasing an additional 4,638 shares in the last quarter. Institutional investors own 51.51% of the company’s stock.

Several equities analysts have weighed in on the company. Raymond James cut 1stdibs.Com from an “outperform” rating to a “market perform” rating in a research note on Wednesday, March 2nd. JMP Securities cut 1stdibs.Com from an “outperform” rating to a “hold” rating and set a $9.00 target price on the stock. in a research note on Wednesday, June 1st. Finally, Barclays lowered their price target on 1stdibs.Com from $21.00 to $10.00 in a research note on Thursday, May 12th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, 1stdibs.Com currently has an average rating of “Hold” and a consensus price target of $16.75.

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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