1stdibs.com’s (DIBS) Sell (E+) Rating Reiterated at Weiss Ratings

Weiss Ratings reaffirmed their sell (e+) rating on shares of 1stdibs.com (NASDAQ:DIBS) in a research note released on Saturday,Weiss Ratings reports.

Separately, Wall Street Zen raised shares of 1stdibs.com from a “sell” rating to a “hold” rating in a research note on Sunday, August 10th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company has a consensus rating of “Hold”.

1stdibs.com Stock Up 0.4%

NASDAQ:DIBS opened at $2.74 on Friday. The company has a market cap of $99.33 million, a P/E ratio of -4.98 and a beta of 1.07. 1stdibs.com has a fifty-two week low of $2.30 and a fifty-two week high of $5.00. The firm’s 50 day moving average is $2.71 and its two-hundred day moving average is $2.81.

1stdibs.com (NASDAQ:DIBS) last posted its quarterly earnings results on Wednesday, August 6th. The company reported ($0.12) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.17) by $0.05. The company had revenue of $22.14 million for the quarter, compared to the consensus estimate of $22.19 million. 1stdibs.com had a negative net margin of 22.58% and a negative return on equity of 20.13%. Research analysts forecast that 1stdibs.com will post -0.52 earnings per share for the current fiscal year.

Hedge Funds Weigh In On 1stdibs.com

Hedge funds have recently made changes to their positions in the business. Kovitz Investment Group Partners LLC purchased a new position in shares of 1stdibs.com in the 1st quarter valued at $42,000. Northern Trust Corp raised its stake in shares of 1stdibs.com by 8.9% in the 4th quarter. Northern Trust Corp now owns 253,583 shares of the company’s stock valued at $898,000 after acquiring an additional 20,805 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of 1stdibs.com by 29.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 354,293 shares of the company’s stock valued at $1,254,000 after acquiring an additional 80,693 shares during the period. J. Goldman & Co LP purchased a new position in shares of 1stdibs.com in the 4th quarter valued at $2,076,000. Finally, Marshall Wace LLP purchased a new position in shares of 1stdibs.com in the 4th quarter valued at $234,000. Hedge funds and other institutional investors own 66.97% of the company’s stock.

About 1stdibs.com

1stdibs.Com, Inc operates an online marketplace for luxury design products worldwide. Its marketplace connects customers with sellers and makers of vintage, antique, and contemporary furniture; and home décor, jewelry, watches, art, and fashion products. The company was incorporated in 2000 and is headquartered in New York, New York.