1stdibs.com (NASDAQ:DIBS) Cut to Hold at Wall Street Zen

Wall Street Zen downgraded shares of 1stdibs.com (NASDAQ:DIBS) from a buy rating to a hold rating in a report released on Saturday morning,Wall Street Zen reports.

Separately, Weiss Ratings raised shares of 1stdibs.com from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, September 16th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $7.00.

1stdibs.com Trading Up 0.2%

Shares of DIBS stock opened at $4.03 on Friday. The stock has a market capitalization of $135.49 million, a price-to-earnings ratio of -18.32 and a beta of 0.72. 1stdibs.com has a 12-month low of $2.53 and a 12-month high of $6.62. The stock’s 50-day moving average price is $4.44 and its 200-day moving average price is $4.71.

1stdibs.com (NASDAQ:DIBS) last announced its quarterly earnings results on Wednesday, August 5th. The company reported ($0.03) EPS for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.03. The company had revenue of $23.32 million during the quarter, compared to analyst estimates of $22.23 million. 1stdibs.com had a negative return on equity of 8.97% and a negative net margin of 8.54%. As a group, research analysts predict that 1stdibs.com will post -0.17 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Kanen Wealth Management LLC lifted its stake in shares of 1stdibs.com by 75.8% in the 1st quarter. Kanen Wealth Management LLC now owns 2,068,723 shares of the company’s stock valued at $11,378,000 after purchasing an additional 891,801 shares during the last quarter. 683 Capital Management LLC purchased a new position in shares of 1stdibs.com in the 4th quarter worth approximately $1,053,000. Harspring Capital Management LLC increased its position in shares of 1stdibs.com by 8.2% during the 4th quarter. Harspring Capital Management LLC now owns 660,000 shares of the company’s stock valued at $3,953,000 after purchasing an additional 50,000 shares during the last quarter. Squarepoint Ops LLC purchased a new stake in 1stdibs.com during the 2nd quarter valued at $389,000. Finally, Public Employees Retirement System of Ohio purchased a new stake in 1stdibs.com during the 2nd quarter valued at $55,000. Hedge funds and other institutional investors own 66.97% of the company’s stock.

About 1stdibs.com

1stDibs.com, Inc operates a curated online marketplace for luxury and design-focused goods. The platform connects consumers, interior designers, architects and trade professionals with independent dealers, galleries and other sellers offering distinctive products across categories including furniture, home décor, jewelry, watches, fashion, art and collectibles.

The company’s marketplace is designed to support the discovery and purchase of vintage, antique, contemporary and custom items.