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New York State Common Retirement Fund Buys 6,700 Shares of 1stdibs.Com, Inc. (NASDAQ:DIBS)

New York State Common Retirement Fund boosted its stake in shares of 1stdibs.Com, Inc. (NASDAQ:DIBSGet Rating) by 173.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,558 shares of the company’s stock after acquiring an additional 6,700 shares during the quarter. New York State Common Retirement Fund’s holdings in 1stdibs.Com were worth $84,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Must Asset Management Inc. increased its stake in 1stdibs.Com by 291.5% during the fourth quarter. Must Asset Management Inc. now owns 1,108,646 shares of the company’s stock worth $13,659,000 after acquiring an additional 825,434 shares during the last quarter. Greenhaven Road Investment Management L.P. purchased a new position in shares of 1stdibs.Com during the fourth quarter valued at approximately $5,839,000. Kent Lake Capital LLC purchased a new position in shares of 1stdibs.Com during the fourth quarter valued at approximately $3,128,000. HarbourVest Partners LLC purchased a new position in shares of 1stdibs.Com during the fourth quarter valued at approximately $2,496,000. Finally, AlpInvest Partners B.V. purchased a new position in shares of 1stdibs.Com during the fourth quarter valued at approximately $1,253,000. 51.51% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on DIBS shares. Barclays dropped their target price on 1stdibs.Com from $10.00 to $9.00 and set an “overweight” rating for the company in a research report on Thursday, August 11th. JMP Securities lowered 1stdibs.Com from an “outperform” rating to a “hold” rating and set a $9.00 price target for the company. in a report on Wednesday, June 1st.

1stdibs.Com Stock Performance

Shares of NASDAQ DIBS opened at $6.60 on Tuesday. The firm has a market capitalization of $254.71 million, a price-to-earnings ratio of -11.79 and a beta of 1.03. The stock has a 50 day moving average price of $6.27 and a 200 day moving average price of $7.27. 1stdibs.Com, Inc. has a 52-week low of $4.77 and a 52-week high of $19.00.

1stdibs.Com (NASDAQ:DIBSGet Rating) last issued its quarterly earnings data on Wednesday, August 10th. The company reported ($0.01) EPS for the quarter, topping analysts’ consensus estimates of ($0.24) by $0.23. The company had revenue of $24.58 million during the quarter, compared to the consensus estimate of $24.85 million. 1stdibs.Com had a negative net margin of 20.57% and a negative return on equity of 19.67%. 1stdibs.Com’s revenue for the quarter was down .5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.44) earnings per share. Analysts forecast that 1stdibs.Com, Inc. will post -0.72 earnings per share for the current year.

Insider Buying and Selling

In related news, CTO Ross A. Paul sold 6,539 shares of the business’s stock in a transaction that occurred on Friday, June 3rd. The shares were sold at an average price of $5.61, for a total value of $36,683.79. Following the completion of the transaction, the chief technology officer now owns 105,755 shares of the company’s stock, valued at $593,285.55. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CTO Ross A. Paul sold 6,539 shares of the business’s stock in a transaction that occurred on Friday, June 3rd. The shares were sold at an average price of $5.61, for a total value of $36,683.79. Following the completion of the transaction, the chief technology officer now owns 105,755 shares of the company’s stock, valued at $593,285.55. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CTO Ross A. Paul sold 15,200 shares of the business’s stock in a transaction that occurred 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 transaction, the chief technology officer now directly owns 118,956 shares of the company’s stock, valued at approximately $732,768.96. The disclosure for this sale can be found here. Insiders sold 58,742 shares of company stock valued at $336,492 over the last 90 days. Corporate insiders own 19.90% of the company’s stock.

1stdibs.Com Profile

(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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