1stdibs.com, Inc. (NASDAQ:DIBS) Sees Significant Increase in Short Interest

1stdibs.com, Inc. (NASDAQ:DIBS) saw a large growth in short interest in June. As of June 30th, there was short interest totaling 1,150,464 shares, a growth of 81.9% from the June 15th total of 632,355 shares. Based on an average trading volume of 551,923 shares, the short-interest ratio is currently 2.1 days. Approximately 4.3% of the company’s stock are sold short.

1stdibs.com Stock Down 1.3%

NASDAQ:DIBS traded down $0.06 during mid-day trading on Friday, reaching $4.59. 59,182 shares of the stock were exchanged, compared to its average volume of 289,621. The stock has a market capitalization of $162.16 million, a P/E ratio of -14.81 and a beta of 0.73. 1stdibs.com has a 1 year low of $2.50 and a 1 year high of $6.62. The company has a 50 day simple moving average of $4.51 and a 200-day simple moving average of $5.17.

1stdibs.com (NASDAQ:DIBS) last issued its quarterly earnings data on Friday, May 8th. The company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.02). The firm had revenue of $22.39 million during the quarter, compared to analysts’ expectations of $22.73 million. 1stdibs.com had a negative net margin of 12.33% and a negative return on equity of 12.05%. As a group, research analysts predict that 1stdibs.com will post -0.23 EPS for the current year.

Insider Buying and Selling

In other news, CEO David S. Rosenblatt acquired 47,500 shares of the company’s stock in a transaction on Tuesday, May 12th. The shares were bought at an average cost of $4.51 per share, with a total value of $214,225.00. Following the transaction, the chief executive officer owned 712,802 shares in the company, valued at approximately $3,214,737.02. This trade represents a 7.14% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 24.21% of the stock is owned by company insiders.

Institutional Trading of 1stdibs.com

A number of large investors have recently bought and sold shares of DIBS. Public Employees Retirement System of Ohio increased its holdings in shares of 1stdibs.com by 62.7% in the first quarter. Public Employees Retirement System of Ohio now owns 9,085 shares of the company’s stock valued at $50,000 after purchasing an additional 3,500 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of 1stdibs.com by 59.1% during the third quarter. JPMorgan Chase & Co. now owns 10,395 shares of the company’s stock worth $27,000 after purchasing an additional 3,862 shares during the period. Bank of America Corp DE lifted its holdings in shares of 1stdibs.com by 43.5% during the third quarter. Bank of America Corp DE now owns 13,216 shares of the company’s stock worth $34,000 after purchasing an additional 4,006 shares during the period. Two Sigma Investments LP grew its position in 1stdibs.com by 4.0% in the 3rd quarter. Two Sigma Investments LP now owns 112,460 shares of the company’s stock valued at $291,000 after buying an additional 4,296 shares during the last quarter. Finally, FNY Investment Advisers LLC purchased a new position in 1stdibs.com in the 4th quarter valued at $29,000. Institutional investors and hedge funds own 66.97% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Weiss Ratings reissued a “sell (d-)” rating on shares of 1stdibs.com in a report on Wednesday, June 24th. Wall Street Zen downgraded 1stdibs.com from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, 1stdibs.com has a consensus rating of “Hold” and a consensus price target of $7.00.

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.