1stdibs.com, Inc. $DIBS Stake Lifted by Kanen Wealth Management LLC

Kanen Wealth Management LLC grew its stake in shares of 1stdibs.com, Inc. (NASDAQ:DIBS) by 75.8% in the first quarter, Holdings Channel reports. The fund owned 2,068,723 shares of the company’s stock after acquiring an additional 891,801 shares during the quarter. 1stdibs.com accounts for about 4.1% of Kanen Wealth Management LLC’s portfolio, making the stock its 8th largest position. Kanen Wealth Management LLC owned approximately 0.06% of 1stdibs.com worth $11,378,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. FNY Investment Advisers LLC purchased a new position in 1stdibs.com in the fourth quarter valued at approximately $29,000. Larson Financial Group LLC grew its holdings in 1stdibs.com by 2,596.0% during the fourth quarter. Larson Financial Group LLC now owns 8,088 shares of the company’s stock valued at $48,000 after purchasing an additional 7,788 shares during the period. Public Employees Retirement System of Ohio increased its position in 1stdibs.com by 62.7% in the first quarter. Public Employees Retirement System of Ohio now owns 9,085 shares of the company’s stock worth $50,000 after buying an additional 3,500 shares during the last quarter. JPMorgan Chase & Co. increased its position in 1stdibs.com by 59.1% in the third quarter. JPMorgan Chase & Co. now owns 10,395 shares of the company’s stock worth $27,000 after buying an additional 3,862 shares during the last quarter. Finally, Susquehanna Portfolio Strategies LLC purchased a new stake in 1stdibs.com in the fourth quarter worth $64,000. Hedge funds and other institutional investors own 66.97% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Wall Street Zen cut 1stdibs.com from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Weiss Ratings reiterated a “sell (d-)” rating on shares of 1stdibs.com in a research note on Wednesday, June 24th. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $7.00.

Insiders Place Their Bets

In other news, CEO David S. Rosenblatt bought 47,500 shares of the stock in a transaction on Tuesday, May 12th. The shares were acquired at an average cost of $4.51 per share, for a total transaction of $214,225.00. Following the purchase, the chief executive officer directly owned 712,802 shares of the company’s stock, valued at $3,214,737.02. This trade represents a 7.14% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 24.21% of the company’s stock.

1stdibs.com Stock Down 4.2%

Shares of DIBS opened at $4.13 on Wednesday. 1stdibs.com, Inc. has a twelve month low of $2.50 and a twelve month high of $6.62. The stock has a market cap of $145.91 million, a PE ratio of -13.32 and a beta of 0.73. The business’s 50-day moving average price is $4.50 and its 200-day moving average price is $5.08.

1stdibs.com (NASDAQ:DIBS) last released its quarterly earnings data on Friday, May 8th. The company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.02). The firm had revenue of $22.39 million during the quarter, compared to the consensus estimate of $22.73 million. 1stdibs.com had a negative net margin of 12.33% and a negative return on equity of 12.05%. Analysts expect that 1stdibs.com, Inc. will post -0.23 earnings per share for the current fiscal year.

1stdibs.com Profile

1stDibs.com is an online marketplace specializing in high-end furniture, fine art, jewelry, watches, fashion and decor. The platform curates offerings from independent dealers, galleries and luxury brands, enabling vetted sellers to reach discerning buyers around the world. Headquartered in New York with an additional office in Paris, 1stDibs has built a reputation for quality and authenticity through rigorous seller screening and detailed item vetting.

Launched in 2001 by founder Michael Bruno, the company has grown into a leading destination for both private collectors and interior design professionals.