Short Interest in 1stdibs.Com, Inc. (NASDAQ:DIBS) Drops By 15.2%

1stdibs.Com, Inc. (NASDAQ:DIBSGet Rating) was the recipient of a large decrease in short interest in the month of May. As of May 31st, there was short interest totalling 1,560,000 shares, a decrease of 15.2% from the May 15th total of 1,840,000 shares. Approximately 10.4% of the shares of the company are sold short. Based on an average daily volume of 261,500 shares, the short-interest ratio is presently 6.0 days.

DIBS has been the subject of several recent research reports. JMP Securities downgraded shares of 1stdibs.Com from an “outperform” rating to a “hold” rating and set a $9.00 target price for the company. in a report on Wednesday, June 1st. Raymond James cut shares of 1stdibs.Com from an “outperform” rating to a “market perform” rating in a research report on Wednesday, March 2nd. Finally, Barclays decreased their target price on shares of 1stdibs.Com from $21.00 to $10.00 in a research report on Thursday, May 12th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $16.75.

In related news, CTO Ross A. Paul sold 6,539 shares of the stock in a transaction on Friday, June 3rd. The shares were sold at an average price of $5.61, for a total transaction of $36,683.79. Following the completion of the sale, the chief technology officer now owns 105,755 shares in the company, valued at approximately $593,285.55. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CTO Ross A. Paul sold 15,200 shares of the firm’s stock in a transaction on Tuesday, June 7th. The stock was sold at an average price of $6.16, for a total transaction of $93,632.00. Following the completion of the sale, the chief technology officer now owns 118,956 shares of the company’s stock, valued at approximately $732,768.96. The disclosure for this sale can be found here. In the last quarter, insiders have sold 58,742 shares of company stock valued at $336,492. 19.90% of the stock is owned by company insiders.

A number of hedge funds have recently added to or reduced their stakes in the business. Philosophy Capital Management LLC acquired a new position in shares of 1stdibs.Com during the first quarter valued at $6,801,000. Must Asset Management Inc. boosted its holdings in shares of 1stdibs.Com by 291.5% during the fourth quarter. Must Asset Management Inc. now owns 1,108,646 shares of the company’s stock valued at $13,659,000 after acquiring an additional 825,434 shares during the period. Glynn Capital Management LLC acquired a new position in shares of 1stdibs.Com during the fourth quarter valued at $6,550,000. BlackRock Inc. boosted its holdings in shares of 1stdibs.Com by 141.7% during the first quarter. BlackRock Inc. now owns 877,698 shares of the company’s stock valued at $7,013,000 after acquiring an additional 514,489 shares during the period. Finally, Greenhaven Road Investment Management L.P. acquired a new position in shares of 1stdibs.Com during the fourth quarter valued at $5,839,000. Hedge funds and other institutional investors own 51.51% of the company’s stock.

Shares of NASDAQ:DIBS opened at $5.37 on Friday. The company has a fifty day simple moving average of $6.49 and a 200 day simple moving average of $9.00. The firm has a market cap of $204.44 million and a PE ratio of -5.42. 1stdibs.Com has a 12-month low of $4.77 and a 12-month high of $35.46.

1stdibs.Com (NASDAQ:DIBSGet Rating) last issued its quarterly earnings results on Wednesday, May 11th. The company reported ($0.17) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.01. 1stdibs.Com had a negative net margin of 24.25% and a negative return on equity of 15.64%. The business had revenue of $26.59 million during the quarter, compared to analyst estimates of $26.72 million. As a group, analysts forecast that 1stdibs.Com will post -0.81 earnings per share for the current fiscal year.

About 1stdibs.Com (Get Rating)

1stdibs.Com, Inc operates an online marketplace for vintage, antique, and contemporary furniture, home décor, jewelry, watches, art, and fashion products worldwide. The company offers online marketplace that enables commerce between sellers and buyers; and Design Manager, an online platform that provides software solution to interior designers.

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