1stdibs.com (NASDAQ:DIBS) Downgraded by Wall Street Zen to "Hold"

Key Points

• Wall Street Zen downgraded 1stdibs.com (NASDAQ:DIBS) from a "buy" to a "hold"; the stock's consensus rating is currently Hold with an average target price of $7.00 and mixed analyst views.
• The company reported Q4 EPS of ($0.03) which beat estimates by $0.01 while revenue of $22.97 million slightly missed forecasts, and it remains unprofitable with a -15.25% net margin and negative return on equity.
• Insider selling has occurred (General Counsel sold 12,248 shares) and insiders sold 15,000 shares last quarter; insiders own 24.21% and institutions own 66.97%, while the stock trades near $4.74 with a market cap of $172.44 million.

1stdibs.com (NASDAQ:DIBS - Get Free Report) was downgraded by equities research analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research note issued on Saturday.

Several other analysts have also recently weighed in on the stock. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of 1stdibs.com in a research note on Friday, March 27th. Northland Securities raised shares of 1stdibs.com from a "market perform" rating to an "outperform" rating and set a $7.00 price objective on the stock in a research note on Tuesday, March 3rd. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $7.00.

1stdibs.com Stock Up 2.4%

NASDAQ DIBS opened at $4.74 on Friday. The stock has a market cap of $172.44 million, a P/E ratio of -12.15 and a beta of 0.77. The company's 50-day simple moving average is $5.50 and its 200 day simple moving average is $5.25. 1stdibs.com has a twelve month low of $2.35 and a twelve month high of $6.62.

1stdibs.com (NASDAQ:DIBS - Get Free Report) last issued its quarterly earnings data on Friday, February 27th. The company reported ($0.03) earnings per share for the quarter, topping the consensus estimate of ($0.04) by $0.01. The firm had revenue of $22.97 million for the quarter, compared to analysts' expectations of $23.10 million. 1stdibs.com had a negative net margin of 15.25% and a negative return on equity of 14.44%. Research analysts anticipate that 1stdibs.com will post -0.2 earnings per share for the current year.

Insider Activity

In other news, General Counsel Melanie F. Goins sold 12,248 shares of the company's stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $5.50, for a total transaction of $67,364.00. Following the transaction, the general counsel directly owned 224,270 shares in the company, valued at approximately $1,233,485. This represents a 5.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold 15,000 shares of company stock worth $82,553 in the last quarter. 24.21% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On 1stdibs.com

A number of large investors have recently modified their holdings of DIBS. Kanen Wealth Management LLC acquired a new position in shares of 1stdibs.com during the fourth quarter worth approximately $7,018,000. Joel Isaacson & Co. LLC grew its holdings in 1stdibs.com by 53.5% during the 4th quarter. Joel Isaacson & Co. LLC now owns 1,067,746 shares of the company's stock worth $6,396,000 after acquiring an additional 372,367 shares during the period. Jane Street Group LLC grew its holdings in 1stdibs.com by 391.9% during the 4th quarter. Jane Street Group LLC now owns 281,587 shares of the company's stock worth $1,687,000 after acquiring an additional 224,341 shares during the period. Truffle Hound Capital LLC raised its position in shares of 1stdibs.com by 50.0% during the 3rd quarter. Truffle Hound Capital LLC now owns 600,000 shares of the company's stock valued at $1,554,000 after acquiring an additional 200,000 shares during the last quarter. Finally, 683 Capital Management LLC acquired a new position in shares of 1stdibs.com in the 4th quarter valued at $1,053,000. 66.97% of the stock is currently owned by institutional investors and hedge funds.

1stdibs.com Company Profile

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.

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