Millennium Management LLC Sells 43,029 Shares of 1stdibs.Com, Inc. (NASDAQ:DIBS)

Millennium Management LLC decreased its holdings in 1stdibs.Com, Inc. (NASDAQ:DIBS) by 46.4% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 49,631 shares of the company’s stock after selling 43,029 shares during the quarter. Millennium Management LLC owned 0.14% of 1stdibs.Com worth $176,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of DIBS. Wells Fargo & Company MN grew its stake in shares of 1stdibs.Com by 26.0% in the fourth quarter. Wells Fargo & Company MN now owns 14,256 shares of the company’s stock worth $50,000 after acquiring an additional 2,939 shares during the period. Barclays PLC grew its position in 1stdibs.Com by 17.6% in the 4th quarter. Barclays PLC now owns 40,192 shares of the company’s stock worth $142,000 after purchasing an additional 6,010 shares during the period. Bank of America Corp DE grew its position in 1stdibs.Com by 31.8% in the 4th quarter. Bank of America Corp DE now owns 26,614 shares of the company’s stock worth $94,000 after purchasing an additional 6,424 shares during the period. Intech Investment Management LLC purchased a new stake in 1stdibs.Com during the 4th quarter valued at $36,000. Finally, Northern Trust Corp lifted its holdings in shares of 1stdibs.Com by 8.9% during the 4th quarter. Northern Trust Corp now owns 253,583 shares of the company’s stock valued at $898,000 after buying an additional 20,805 shares during the period. Institutional investors own 66.97% of the company’s stock.

1stdibs.Com Trading Down 1.4%

Shares of NASDAQ DIBS opened at $2.83 on Friday. The firm has a 50 day moving average of $2.53 and a 200 day moving average of $3.22. The firm has a market capitalization of $100.99 million, a price-to-earnings ratio of -6.74 and a beta of 1.03. 1stdibs.Com, Inc. has a 12-month low of $2.30 and a 12-month high of $5.64.

1stdibs.Com (NASDAQ:DIBS) last issued its quarterly earnings results on Wednesday, May 14th. The company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($0.01). The business had revenue of $22.55 million for the quarter, compared to analysts’ expectations of $22.28 million. 1stdibs.Com had a negative return on equity of 13.55% and a negative net margin of 18.94%. Sell-side analysts predict that 1stdibs.Com, Inc. will post -0.52 EPS for the current year.

Analysts Set New Price Targets

DIBS has been the subject of several research analyst reports. Wall Street Zen lowered 1stdibs.Com from a “hold” rating to a “sell” rating in a report on Thursday, May 22nd. Weiss Ratings reissued a “sell (e+)” rating on shares of 1stdibs.Com in a research report on Wednesday.

About 1stdibs.Com

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.