1stdibs.com (NASDAQ:DIBS) Shares Break Above Two Hundred Day Moving Average – Time to Sell?

1stdibs.com, Inc. (NASDAQ:DIBS)’s share price passed above its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of $4.85 and traded as high as $4.95. 1stdibs.com shares last traded at $4.94, with a volume of 105,541 shares trading hands.

Analyst Upgrades and Downgrades

DIBS has been the topic of several research reports. Wall Street Zen cut 1stdibs.com from a “buy” rating to a “hold” rating in a research note on Monday, October 19th. Weiss Ratings upgraded 1stdibs.com from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, October 21st. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $7.00.

1stdibs.com Stock Performance

The stock’s 50-day moving average price is $4.31 and its 200-day moving average price is $4.84. The company has a market capitalization of $166.06 million, a P/E ratio of -22.45 and a beta of 0.72.

1stdibs.com (NASDAQ:DIBS) last announced its quarterly earnings data on Wednesday, August 5th. The company reported ($0.03) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.03. The business had revenue of $23.32 million during the quarter, compared to the consensus estimate of $22.23 million. 1stdibs.com had a negative net margin of 8.54% and a negative return on equity of 8.97%. Sell-side analysts expect that 1stdibs.com, Inc. will post -0.17 earnings per share for the current fiscal year.

Institutional Investors Weigh In On 1stdibs.com

Large investors have recently added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio grew its position in 1stdibs.com by 62.7% in the 1st quarter. Public Employees Retirement System of Ohio now owns 9,085 shares of the company’s stock worth $50,000 after purchasing an additional 3,500 shares during the last quarter. R Squared Ltd bought a new stake in shares of 1stdibs.com during the first quarter valued at approximately $69,000. Ritholtz Wealth Management raised its holdings in shares of 1stdibs.com by 36.4% during the first quarter. Ritholtz Wealth Management now owns 33,936 shares of the company’s stock valued at $187,000 after buying an additional 9,056 shares during the last quarter. Bank of New York Mellon Corp acquired a new position in shares of 1stdibs.com during the second quarter worth approximately $316,000. Finally, Squarepoint Ops LLC acquired a new position in shares of 1stdibs.com during the second quarter worth approximately $389,000. 66.97% of the stock is owned by institutional investors and hedge funds.

1stdibs.com Company Profile

1stDibs.com, Inc operates a global online marketplace for luxury goods, connecting consumers with professional dealers, galleries, designers, and makers. The platform focuses on high-end and distinctive products across categories including furniture, home décor, jewelry, watches, fashion, art, and collectibles.

The company provides product discovery and transaction services through its website and digital platforms. Its offerings are intended to support the buying and selling of unique, design-oriented merchandise, with services that may include seller tools, customer support, authentication or verification processes for selected categories, and arrangements related to payments and shipping.

1stDibs was founded in 2000 and initially developed as an online destination for antiques and design merchandise.