Geode Capital Management LLC Has $2.93 Million Holdings in 1stdibs.Com, Inc. (NASDAQ:DIBS)

Geode Capital Management LLC increased its position in shares of 1stdibs.Com, Inc. (NASDAQ:DIBS) by 16.8% in the 3rd quarter, HoldingsChannel reports. The firm owned 664,078 shares of the company’s stock after acquiring an additional 95,292 shares during the quarter. Geode Capital Management LLC’s holdings in 1stdibs.Com were worth $2,929,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in DIBS. Harspring Capital Management LLC bought a new position in shares of 1stdibs.Com in the second quarter worth about $1,080,000. Renaissance Technologies LLC lifted its stake in 1stdibs.Com by 74.6% in the 2nd quarter. Renaissance Technologies LLC now owns 536,000 shares of the company’s stock valued at $2,407,000 after purchasing an additional 229,000 shares during the last quarter. Joel Isaacson & Co. LLC lifted its stake in 1stdibs.Com by 24.0% in the 3rd quarter. Joel Isaacson & Co. LLC now owns 869,612 shares of the company’s stock valued at $3,835,000 after purchasing an additional 168,226 shares during the last quarter. Acadian Asset Management LLC boosted its position in 1stdibs.Com by 99.6% in the second quarter. Acadian Asset Management LLC now owns 260,626 shares of the company’s stock valued at $1,167,000 after buying an additional 130,082 shares in the last quarter. Finally, Bank of New York Mellon Corp bought a new stake in shares of 1stdibs.Com during the second quarter worth $333,000. 66.97% of the stock is currently owned by institutional investors and hedge funds.

1stdibs.Com Trading Down 0.3 %

NASDAQ:DIBS opened at $3.56 on Wednesday. The stock’s 50-day moving average is $3.83 and its 200-day moving average is $4.26. 1stdibs.Com, Inc. has a 1-year low of $3.37 and a 1-year high of $6.30. The stock has a market cap of $129.99 million, a P/E ratio of -8.48 and a beta of 0.94.

1stdibs.Com (NASDAQ:DIBS) last posted its earnings results on Friday, November 8th. The company reported ($0.15) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.02). The business had revenue of $21.19 million for the quarter, compared to the consensus estimate of $21.61 million. 1stdibs.Com had a negative return on equity of 13.55% and a negative net margin of 18.94%. During the same period in the previous year, the firm earned ($0.08) earnings per share. As a group, equities analysts forecast that 1stdibs.Com, Inc. will post -0.52 EPS for the current year.

Wall Street Analyst Weigh In

Separately, JMP Securities reiterated a “market perform” rating on shares of 1stdibs.Com in a research note on Monday, December 16th.

Insider Activity at 1stdibs.Com

In other 1stdibs.Com news, insider Matthew Rubinger sold 12,002 shares of the company’s stock in a transaction dated Friday, November 22nd. The stock was 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 position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 19.60% of the stock is currently owned by company insiders.

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.