Weiss Ratings Reiterates Sell (E+) Rating for 1stdibs.com (NASDAQ:DIBS)

Key Points

• Weiss Ratings has reaffirmed a "sell (e+)" rating for 1stdibs.com (NASDAQ:DIBS), indicating a cautious outlook for the stock.
• Despite the sell rating from Weiss, Wall Street Zen upgraded the stock from "sell" to "hold," reflecting mixed opinions among analysts.
• 1stdibs.com reported a quarterly loss of ($0.12) EPS, which was better than the consensus estimate of ($0.17), but it had a negative net margin of 22.58%.

1stdibs.com (NASDAQ:DIBS - Get Free Report)'s stock had its "sell (e+)" rating reaffirmed by analysts at Weiss Ratings in a research note issued to investors on Saturday,Weiss Ratings reports.

Separately, Wall Street Zen raised 1stdibs.com from a "sell" rating to a "hold" rating in a report on Sunday, August 10th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, 1stdibs.com has an average rating of "Hold".

1stdibs.com Stock Performance

Shares of 1stdibs.com stock traded up $0.01 during midday trading on Friday, reaching $2.76. 15,671 shares of the company's stock traded hands, compared to its average volume of 46,812. 1stdibs.com has a 52 week low of $2.30 and a 52 week high of $5.00. The company's 50 day simple moving average is $2.71 and its 200 day simple moving average is $2.80. The company has a market cap of $100.05 million, a price-to-earnings ratio of -5.02 and a beta of 1.07.

1stdibs.com (NASDAQ:DIBS - Get Free Report) last posted its earnings results on Wednesday, August 6th. The company reported ($0.12) EPS for the quarter, topping the consensus estimate of ($0.17) by $0.05. 1stdibs.com had a negative net margin of 22.58% and a negative return on equity of 20.13%. The firm had revenue of $22.14 million for the quarter, compared to the consensus estimate of $22.19 million. As a group, equities research analysts predict that 1stdibs.com will post -0.52 earnings per share for the current year.

Hedge Funds Weigh In On 1stdibs.com

A number of institutional investors have recently made changes to their positions in DIBS. Beck Mack & Oliver LLC lifted its position in shares of 1stdibs.com by 1.7% during the 1st quarter. Beck Mack & Oliver LLC now owns 3,344,426 shares of the company's stock worth $10,167,000 after purchasing an additional 55,116 shares during the last quarter. J. Goldman & Co LP bought a new position in 1stdibs.com in the 4th quarter worth approximately $2,076,000. Truffle Hound Capital LLC acquired a new position in shares of 1stdibs.com during the second quarter worth approximately $1,100,000. Dimensional Fund Advisors LP lifted its holdings in shares of 1stdibs.com by 29.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 354,293 shares of the company's stock worth $1,254,000 after buying an additional 80,693 shares during the last quarter. Finally, Acadian Asset Management LLC boosted its position in shares of 1stdibs.com by 5.6% in the first quarter. Acadian Asset Management LLC now owns 286,063 shares of the company's stock valued at $867,000 after acquiring an additional 15,206 shares during the period. 66.97% of the stock is currently owned by institutional investors.

1stdibs.com Company Profile

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.