1stdibs.com (NASDAQ:DIBS) Now Covered by Analysts at Northland Securities

Northland Securities assumed coverage on shares of 1stdibs.com (NASDAQ:DIBS) in a research note released on Monday, MarketBeat.com reports. The firm issued a market perform rating and a $7.00 price target on the stock.

Several other research firms also recently commented on DIBS. Wall Street Zen upgraded shares of 1stdibs.com from a “hold” rating to a “buy” rating in a research note on Saturday, December 6th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of 1stdibs.com in a research report on Monday, December 22nd. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, 1stdibs.com currently has an average rating of “Reduce” and an average target price of $7.00.

1stdibs.com Stock Performance

Shares of DIBS stock opened at $6.01 on Monday. 1stdibs.com has a fifty-two week low of $2.30 and a fifty-two week high of $6.62. The firm has a market capitalization of $220.03 million, a price-to-earnings ratio of -12.02 and a beta of 1.05. The stock’s 50-day simple moving average is $5.01 and its 200-day simple moving average is $3.53.

1stdibs.com (NASDAQ:DIBS) last released its earnings results on Friday, November 7th. The company reported ($0.10) EPS for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.03. The company had revenue of $21.97 million during the quarter, compared to analysts’ expectations of $21.51 million. 1stdibs.com had a negative net margin of 19.94% and a negative return on equity of 18.56%. As a group, equities analysts forecast that 1stdibs.com will post -0.52 earnings per share for the current year.

Insider Activity at 1stdibs.com

In other 1stdibs.com news, General Counsel Melanie F. Goins sold 11,296 shares of the company’s stock in a transaction on Monday, December 8th. The shares were sold at an average price of $5.96, for a total value of $67,324.16. Following the sale, the general counsel directly owned 213,068 shares of the company’s stock, valued at approximately $1,269,885.28. This represents a 5.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO David S. Rosenblatt sold 595,071 shares of the stock in a transaction dated Monday, November 24th. The stock was sold at an average price of $5.09, for a total value of $3,028,911.39. Following the sale, the chief executive officer directly owned 1,917,493 shares in the company, valued at $9,760,039.37. This represents a 23.68% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 706,640 shares of company stock worth $3,693,863 over the last three months. Company insiders own 23.48% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Joel Isaacson & Co. LLC boosted its position in 1stdibs.com by 29.4% in the 3rd quarter. Joel Isaacson & Co. LLC now owns 695,379 shares of the company’s stock worth $1,801,000 after purchasing an additional 158,169 shares in the last quarter. Harspring Capital Management LLC lifted its stake in shares of 1stdibs.com by 22.0% in the 3rd quarter. Harspring Capital Management LLC now owns 610,000 shares of the company’s stock valued at $1,580,000 after purchasing an additional 110,000 shares during the period. Truffle Hound Capital LLC lifted its stake in shares of 1stdibs.com by 50.0% in the 3rd quarter. Truffle Hound Capital LLC now owns 600,000 shares of the company’s stock valued at $1,554,000 after purchasing an additional 200,000 shares during the period. Acadian Asset Management LLC boosted its holdings in 1stdibs.com by 5.6% during the first quarter. Acadian Asset Management LLC now owns 286,063 shares of the company’s stock worth $867,000 after buying an additional 15,206 shares in the last quarter. Finally, Topline Capital Management LLC grew its position in 1stdibs.com by 341.6% during the third quarter. Topline Capital Management LLC now owns 192,115 shares of the company’s stock valued at $498,000 after buying an additional 148,611 shares during the period. 66.97% of the stock is currently owned by hedge funds and other institutional investors.

1stdibs.com Company Profile

1stDibs.com is an online marketplace specializing in high-end furniture, fine art, jewelry, watches, fashion and decor. The platform curates offerings from independent dealers, galleries and luxury brands, enabling vetted sellers to reach discerning buyers around the world. Headquartered in New York with an additional office in Paris, 1stDibs has built a reputation for quality and authenticity through rigorous seller screening and detailed item vetting.

Launched in 2001 by founder Michael Bruno, the company has grown into a leading destination for both private collectors and interior design professionals.