Kovitz Investment Group Partners LLC Takes $42,000 Position in 1stdibs.com, Inc. $DIBS

Kovitz Investment Group Partners LLC acquired a new stake in 1stdibs.com, Inc. (NASDAQ:DIBS) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 13,889 shares of the company’s stock, valued at approximately $42,000.

Several other large investors have also made changes to their positions in the business. Two Sigma Advisers LP boosted its holdings in shares of 1stdibs.com by 2.0% in the 4th quarter. Two Sigma Advisers LP now owns 127,300 shares of the company’s stock valued at $451,000 after acquiring an additional 2,500 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in shares of 1stdibs.com by 26.0% in the 4th quarter. Wells Fargo & Company MN now owns 14,256 shares of the company’s stock valued at $50,000 after acquiring an additional 2,939 shares during the last quarter. Barclays PLC raised its position in 1stdibs.com by 17.6% during the fourth quarter. Barclays PLC now owns 40,192 shares of the company’s stock valued at $142,000 after acquiring an additional 6,010 shares in the last quarter. Bank of America Corp DE raised its position in 1stdibs.com by 31.8% during the fourth quarter. Bank of America Corp DE now owns 26,614 shares of the company’s stock valued at $94,000 after acquiring an additional 6,424 shares in the last quarter. Finally, Virtu Financial LLC purchased a new position in 1stdibs.com during the first quarter valued at approximately $63,000. 66.97% of the stock is owned by hedge funds and other institutional investors.

1stdibs.com Trading Up 1.1%

Shares of DIBS stock opened at $2.66 on Friday. The company has a market capitalization of $96.43 million, a P/E ratio of -4.84 and a beta of 1.07. The business’s 50 day moving average is $2.71 and its two-hundred day moving average is $2.87. 1stdibs.com, Inc. has a 12-month low of $2.30 and a 12-month high of $5.00.

1stdibs.com (NASDAQ:DIBS) last issued its quarterly earnings results on Wednesday, August 6th. The company reported ($0.12) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.17) by $0.05. The company had revenue of $22.14 million for the quarter, compared to the consensus estimate of $22.19 million. 1stdibs.com had a negative return on equity of 20.13% and a negative net margin of 22.58%. On average, research analysts predict that 1stdibs.com, Inc. will post -0.52 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Weiss Ratings reiterated a “sell (e+)” rating on shares of 1stdibs.com in a research report on Thursday, August 14th. Wall Street Zen upgraded 1stdibs.com from a “sell” rating to a “hold” rating in a research report on Sunday, August 10th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has an average rating of “Hold”.

1stdibs.com Profile

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.