Harspring Capital Management LLC Invests $1.08 Million in 1stdibs.Com, Inc. (NASDAQ:DIBS)

Harspring Capital Management LLC bought a new stake in shares of 1stdibs.Com, Inc. (NASDAQ:DIBS) during the second quarter, HoldingsChannel.com reports. The institutional investor bought 240,426 shares of the company’s stock, valued at approximately $1,080,000. 1stdibs.Com makes up approximately 0.3% of Harspring Capital Management LLC’s investment portfolio, making the stock its 18th largest position.

Other hedge funds also recently bought and sold shares of the company. Renaissance Technologies LLC raised its holdings in 1stdibs.Com by 74.6% during the second quarter. Renaissance Technologies LLC now owns 536,000 shares of the company’s stock valued at $2,407,000 after acquiring an additional 229,000 shares during the period. Dimensional Fund Advisors LP raised its stake in 1stdibs.Com by 3.7% during the 2nd 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. purchased a new position in 1stdibs.Com in the 2nd quarter worth approximately $54,000. Acadian Asset Management LLC boosted its stake in 1stdibs.Com by 99.6% in the 2nd quarter. Acadian Asset Management LLC now owns 260,626 shares of the company’s stock worth $1,167,000 after purchasing an additional 130,082 shares during the period. Finally, Rhumbline Advisers grew its holdings in 1stdibs.Com by 6,785.5% during the 2nd quarter. Rhumbline Advisers now owns 25,201 shares of the company’s stock valued at $113,000 after buying an additional 24,835 shares in the last quarter. Institutional investors own 66.97% of the company’s stock.

Insider Buying and Selling

In other 1stdibs.Com news, insider Matthew Rubinger sold 5,422 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $4.63, for a total transaction of $25,103.86. Following the completion of the transaction, the insider now owns 32,611 shares in the company, valued at approximately $150,988.93. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 19.60% of the stock is owned by company insiders.

1stdibs.Com Stock Performance

DIBS stock opened at $4.50 on Friday. The company’s fifty day moving average price is $4.54 and its 200-day moving average price is $5.11. 1stdibs.Com, Inc. has a one year low of $3.52 and a one year high of $6.30. The company has a market capitalization of $177.19 million, a PE ratio of -10.23 and a beta of 0.99.

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

About 1stdibs.Com

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.