1stdibs.Com (NASDAQ:DIBS) Announces Earnings Results, Beats Expectations By $0.01 EPS

1stdibs.Com (NASDAQ:DIBS) posted its quarterly earnings data on Thursday. The company reported ($0.08) EPS for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.01, Briefing.com reports. The company had revenue of $22.10 million during the quarter, compared to analysts’ expectations of $21.23 million. 1stdibs.Com had a negative return on equity of 16.46% and a negative net margin of 26.80%. 1stdibs.Com’s revenue for the quarter was down .5% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.21) earnings per share.

1stdibs.Com Price Performance

Shares of NASDAQ DIBS traded up $0.02 during mid-day trading on Thursday, reaching $5.90. The company’s stock had a trading volume of 142,656 shares, compared to its average volume of 118,066. The firm has a market capitalization of $234.64 million, a PE ratio of -10.32 and a beta of 1.04. The stock has a fifty day moving average of $5.65 and a two-hundred day moving average of $4.94. 1stdibs.Com has a 52 week low of $3.44 and a 52 week high of $6.30.

Insider Transactions at 1stdibs.Com

In related news, major shareholder Insight Holdings Group, Llc sold 17,710 shares of the stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $6.02, for a total transaction of $106,614.20. Following the completion of the transaction, the insider now directly owns 56,112 shares of the company’s stock, valued at $337,794.24. The sale was disclosed in a filing with the SEC, which is available through this link. In other news, major shareholder Insight Holdings Group, Llc sold 17,710 shares of the firm’s stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $6.02, for a total value of $106,614.20. Following the completion of the sale, the insider now directly owns 56,112 shares of the company’s stock, valued at approximately $337,794.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CMO Nancy Hood sold 8,425 shares of the firm’s stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $6.00, for a total value of $50,550.00. Following the completion of the sale, the chief marketing officer now directly owns 72,747 shares of the company’s stock, valued at $436,482. The disclosure for this sale can be found here. Insiders sold a total of 301,878 shares of company stock valued at $1,745,182 over the last 90 days. Company insiders own 20.28% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Evercore ISI upgraded 1stdibs.Com from an “in-line” rating to an “outperform” rating and upped their price target for the stock from $6.00 to $8.00 in a research report on Monday, March 18th.

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.