1stdibs.Com, Inc. (NASDAQ:DIBS) Sees Significant Drop in Short Interest

1stdibs.Com, Inc. (NASDAQ:DIBS) saw a large drop in short interest during the month of October. As of October 15th, there was short interest totalling 489,600 shares, a drop of 8.3% from the September 30th total of 534,100 shares. Based on an average daily volume of 82,300 shares, the short-interest ratio is presently 5.9 days. Currently, 1.7% of the company’s shares are short sold.

1stdibs.Com Trading Down 1.2 %

Shares of DIBS opened at $4.17 on Friday. The firm’s 50-day moving average price is $4.57 and its 200-day moving average price is $4.84. The firm has a market capitalization of $165.52 million, a price-to-earnings ratio of -11.91 and a beta of 0.98. 1stdibs.Com has a 1-year low of $3.81 and a 1-year high of $6.30.

1stdibs.Com (NASDAQ:DIBS) last announced its earnings results on Tuesday, August 6th. The company reported ($0.12) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.01). The company had revenue of $22.24 million for the quarter, compared to the consensus estimate of $21.70 million. 1stdibs.Com had a negative net margin of 16.28% and a negative return on equity of 10.93%. During the same period in the previous year, the firm posted ($0.21) EPS. On average, research analysts forecast that 1stdibs.Com will post -0.47 EPS for the current fiscal year.

Insider Activity at 1stdibs.Com

In other 1stdibs.Com news, insider Matthew Rubinger sold 5,422 shares of the stock in a transaction on Monday, September 16th. The shares were sold at an average price of $4.63, for a total transaction of $25,103.86. Following the completion of the sale, the insider now owns 32,611 shares of the company’s stock, valued at $150,988.93. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In the last 90 days, insiders have sold 8,508 shares of company stock valued at $38,991. Insiders own 19.60% of the company’s stock.

Institutional Investors Weigh In On 1stdibs.Com

Hedge funds have recently bought and sold shares of the business. Harspring Capital Management LLC bought a new stake in 1stdibs.Com during the second quarter worth about $1,080,000. Acadian Asset Management LLC boosted its stake in 1stdibs.Com by 99.6% during the second quarter. Acadian Asset Management LLC now owns 260,626 shares of the company’s stock worth $1,167,000 after acquiring an additional 130,082 shares in the last quarter. Renaissance Technologies LLC boosted its stake in 1stdibs.Com by 74.6% during the second quarter. Renaissance Technologies LLC now owns 536,000 shares of the company’s stock worth $2,407,000 after acquiring an additional 229,000 shares in the last quarter. Vanguard Group Inc. boosted its stake in 1stdibs.Com by 7.3% during the first quarter. Vanguard Group Inc. now owns 1,259,464 shares of the company’s stock worth $7,506,000 after acquiring an additional 85,757 shares in the last quarter. Finally, Joel Isaacson & Co. LLC boosted its stake in 1stdibs.Com by 24.0% during the third quarter. Joel Isaacson & Co. LLC now owns 869,612 shares of the company’s stock worth $3,835,000 after acquiring an additional 168,226 shares in the last quarter. Institutional investors own 66.97% of the company’s stock.

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.