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Matthew Rubinger, Chief Commercial Officer of 1stdibs.com, Inc. (NASDAQ:DIBS), recently sold 8,133 shares of the company’s common stock. The sale comes as the stock trades near its 52-week low of $3.12, having declined nearly 34% over the past six months. According to InvestingPro analysis, the company maintains impressive gross profit margins of ~72%. The transaction took place on December 18, 2024, at an average price of $3.6014 per share, amounting to a total sale value of approximately $29,290. Following this sale, Rubinger holds 26,030 shares directly in the company. This transaction was part of a pre-arranged trading plan. InvestingPro analysis indicates the stock is currently undervalued, with additional insights available in the comprehensive Pro Research Report covering this $112M market cap company.
In other recent news, 1stdibs.com, Inc. reported its fourth-quarter 2024 financial results, surpassing revenue expectations. The company achieved a revenue of $22.8 million, marking a 9% increase year-over-year and exceeding analyst projections of $21.82 million. While the adjusted earnings per share stood at -$0.14, aligning with consensus forecasts, the company highlighted a notable 9% year-over-year growth in gross merchandise value to $94.5 million, the strongest in three years. Improved profitability was also noted, with the adjusted EBITDA margin improving to -7.2% compared to -8.1% in the same quarter the previous year. Active buyers increased by 6% year-over-year to approximately 64,000, and the number of orders rose by 7% to about 37,000. Looking ahead to the first quarter of 2025, 1stdibs anticipates revenue between $21.7 million and $22.8 million, slightly below analyst expectations of $23.26 million. The company forecasts its adjusted EBITDA margin to range from -12% to -8%. These developments reflect the company’s strategic initiatives despite facing some near-term challenges.
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