1stdibs.com (NASDAQ:DIBS) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of 1stdibs.com (NASDAQ:DIBS) from a hold rating to a buy rating in a research note released on Saturday morning.

Other equities analysts have also recently issued reports about the company. Northland Securities upgraded 1stdibs.com from a “market perform” rating to an “outperform” rating and set a $7.00 price target on the stock in a report on Tuesday, March 3rd. Weiss Ratings reiterated a “sell (d-)” rating on shares of 1stdibs.com in a research report on Monday, December 29th. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $7.00.

1stdibs.com Trading Down 2.0%

Shares of DIBS opened at $5.49 on Friday. The firm’s fifty day simple moving average is $5.60 and its two-hundred day simple moving average is $4.54. 1stdibs.com has a 12 month low of $2.30 and a 12 month high of $6.62. The stock has a market capitalization of $198.68 million, a P/E ratio of -14.08 and a beta of 1.06.

1stdibs.com (NASDAQ:DIBS) last announced its earnings results on Friday, February 27th. The company reported ($0.03) EPS for the quarter, beating the consensus estimate of ($0.04) by $0.01. The company had revenue of $22.97 million for the quarter, compared to analyst estimates of $23.10 million. 1stdibs.com had a negative return on equity of 14.44% and a negative net margin of 15.25%. As a group, research analysts predict that 1stdibs.com will post -0.52 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Kanen Wealth Management LLC bought a new position in 1stdibs.com in the fourth quarter worth approximately $7,018,000. XTX Topco Ltd increased its holdings in shares of 1stdibs.com by 51.6% during the fourth quarter. XTX Topco Ltd now owns 30,193 shares of the company’s stock valued at $181,000 after acquiring an additional 10,277 shares in the last quarter. Susquehanna Portfolio Strategies LLC acquired a new position in shares of 1stdibs.com during the fourth quarter worth approximately $64,000. Occudo Quantitative Strategies LP acquired a new position in shares of 1stdibs.com during the fourth quarter worth approximately $205,000. Finally, Millennium Management LLC lifted its holdings in shares of 1stdibs.com by 28.7% in the 4th quarter. Millennium Management LLC now owns 311,153 shares of the company’s stock worth $1,864,000 after purchasing an additional 69,412 shares in the last quarter. Institutional investors own 66.97% of the company’s stock.

About 1stdibs.com

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.