1stdibs.Com’s (DIBS) “Market Perform” Rating Reiterated at JMP Securities

JMP Securities reissued their market perform rating on shares of 1stdibs.Com (NASDAQ:DIBS) in a report released on Monday morning,Benzinga reports.

1stdibs.Com Trading Down 5.7 %

Shares of DIBS opened at $3.50 on Monday. The business’s 50 day moving average is $4.04 and its 200 day moving average is $4.43. 1stdibs.Com has a 12-month low of $3.37 and a 12-month high of $6.30. The company has a market capitalization of $127.80 million, a PE ratio of -8.33 and a beta of 0.94.

1stdibs.Com (NASDAQ:DIBS) last announced its quarterly earnings data on Friday, November 8th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.02). 1stdibs.Com had a negative net margin of 18.94% and a negative return on equity of 13.55%. The company had revenue of $21.19 million for the quarter, compared to analysts’ expectations of $21.61 million. During the same period last year, the business earned ($0.08) earnings per share. Equities research analysts predict that 1stdibs.Com will post -0.52 earnings per share for the current year.

Insider Buying and Selling at 1stdibs.Com

In related news, insider Matthew Rubinger sold 12,002 shares of the business’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $3.94, for a total value of $47,287.88. Following the sale, the insider now owns 12,477 shares in the company, valued at approximately $49,159.38. The trade was a 49.03 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders sold 15,088 shares of company stock valued at $61,175 in the last 90 days. Insiders own 19.60% of the company’s stock.

Hedge Funds Weigh In On 1stdibs.Com

Institutional investors and hedge funds have recently made changes to their positions in the business. State Street Corp raised its position in shares of 1stdibs.Com by 2.1% during the 3rd quarter. State Street Corp now owns 294,330 shares of the company’s stock valued at $1,298,000 after buying an additional 5,985 shares in the last quarter. Dimensional Fund Advisors LP raised its position in 1stdibs.Com by 3.7% during the second quarter. Dimensional Fund Advisors LP now owns 180,377 shares of the company’s stock valued at $810,000 after purchasing an additional 6,387 shares during the period. American Century Companies Inc. bought a new stake in shares of 1stdibs.Com in the 2nd quarter valued at approximately $54,000. SG Americas Securities LLC bought a new stake in shares of 1stdibs.Com in the 3rd quarter valued at approximately $56,000. Finally, Pitcairn Co. purchased a new position in shares of 1stdibs.Com in the 3rd quarter worth approximately $65,000. 66.97% of the stock is owned by hedge funds and other institutional investors.

1stdibs.Com Company 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.