Skandinaviska Enskilda Banken AB publ Acquires 3,498 Shares of 1stdibs.Com, Inc. (NASDAQ:DIBS)

Skandinaviska Enskilda Banken AB publ boosted its holdings in 1stdibs.Com, Inc. (NASDAQ:DIBS) by 15.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,588 shares of the company’s stock after acquiring an additional 3,498 shares during the quarter. Skandinaviska Enskilda Banken AB publ owned 0.06% of 1stdibs.Com worth $102,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in DIBS. Barclays PLC lifted its position in 1stdibs.Com by 533.2% in the 4th quarter. Barclays PLC now owns 6,357 shares of the company’s stock valued at $32,000 after acquiring an additional 5,353 shares in the last quarter. UBS Group AG bought a new position in 1stdibs.Com in the 4th quarter valued at approximately $33,000. Tower Research Capital LLC TRC lifted its position in 1stdibs.Com by 256.7% in the 1st quarter. Tower Research Capital LLC TRC now owns 14,435 shares of the company’s stock valued at $57,000 after acquiring an additional 10,388 shares in the last quarter. Credit Suisse AG lifted its position in 1stdibs.Com by 9,681.2% in the 4th quarter. Credit Suisse AG now owns 13,009 shares of the company’s stock valued at $66,000 after acquiring an additional 12,876 shares in the last quarter. Finally, California State Teachers Retirement System lifted its position in 1stdibs.Com by 114.1% in the 1st quarter. California State Teachers Retirement System now owns 8,703 shares of the company’s stock valued at $70,000 after acquiring an additional 4,638 shares in the last quarter. 51.06% of the stock is owned by institutional investors.

1stdibs.Com Trading Down 3.0 %

Shares of DIBS opened at $4.15 on Tuesday. The firm has a market cap of $160.94 million, a PE ratio of -5.00 and a beta of 0.99. The firm has a fifty day simple moving average of $3.92 and a two-hundred day simple moving average of $4.04. 1stdibs.Com, Inc. has a 1-year low of $3.44 and a 1-year high of $7.47.

1stdibs.Com (NASDAQ:DIBS) last announced its earnings results on Wednesday, August 9th. The company reported ($0.21) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.23) by $0.02. The business had revenue of $20.90 million during the quarter, compared to analyst estimates of $20.76 million. 1stdibs.Com had a negative net margin of 36.43% and a negative return on equity of 22.32%. The company’s quarterly revenue was down 15.0% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.26) EPS. As a group, research analysts forecast that 1stdibs.Com, Inc. will post -0.78 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Barclays decreased their target price on shares of 1stdibs.Com from $8.00 to $6.00 in a research note on Thursday, May 11th.

Insider Buying and Selling at 1stdibs.Com

In related news, CTO Ross A. Paul sold 12,753 shares of the firm’s stock in a transaction on Friday, June 9th. The stock was sold at an average price of $3.88, for a total value of $49,481.64. Following the transaction, the chief technology officer now directly owns 180,902 shares of the company’s stock, valued at approximately $701,899.76. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, CTO Ross A. Paul sold 12,753 shares of the firm’s stock in a transaction on Friday, June 9th. The stock was sold at an average price of $3.88, for a total value of $49,481.64. Following the transaction, the chief technology officer now directly owns 180,902 shares of the company’s stock, valued at approximately $701,899.76. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Thomas J. Etergino sold 30,374 shares of the firm’s stock in a transaction on Friday, June 9th. The stock was sold at an average price of $3.88, for a total value of $117,851.12. Following the completion of the transaction, the chief financial officer now directly owns 49,979 shares in the company, valued at $193,918.52. The disclosure for this sale can be found here. In the last ninety days, insiders sold 76,653 shares of company stock worth $297,414. Insiders own 19.60% of the company’s stock.

1stdibs.Com Company Profile

1stdibs.Com, Inc operates an online marketplace for vintage, antique, and contemporary furniture, home décor, jewelry, watches, art, and fashion products worldwide. It offers online marketplace that enables commerce between sellers and buyers. The company was incorporated in 2000 and is headquartered in New York, New York.