1stdibs.com (NASDAQ:DIBS) Receives Sell (E+) Rating from Weiss Ratings

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 restated by investment 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 research report on Sunday, August 10th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, the stock currently has a consensus rating of "Hold".

1stdibs.com Stock Up 0.9%

Shares of DIBS stock traded up $0.02 during mid-day trading on Friday, hitting $2.77. 12,712 shares of the company's stock were exchanged, compared to its average volume of 108,732. 1stdibs.com has a fifty-two week low of $2.30 and a fifty-two week high of $5.00. The stock has a 50-day simple moving average of $2.71 and a two-hundred day simple moving average of $2.81. The stock has a market cap of $100.56 million, a price-to-earnings ratio of -5.04 and a beta of 1.07.

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

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Jump Financial LLC acquired a new stake in shares of 1stdibs.com during the second quarter valued at about $30,000. Catalyst Funds Management Pty Ltd acquired a new stake in shares of 1stdibs.com during the second quarter valued at about $30,000. Kovitz Investment Group Partners LLC acquired a new stake in shares of 1stdibs.com during the first quarter valued at about $42,000. Wells Fargo & Company MN grew its stake in shares of 1stdibs.com by 26.0% during the fourth quarter. Wells Fargo & Company MN now owns 14,256 shares of the company's stock valued at $50,000 after acquiring an additional 2,939 shares in the last quarter. Finally, Jane Street Group LLC acquired a new stake in shares of 1stdibs.com during the first quarter valued at about $45,000. 66.97% of the stock is owned by hedge funds and other institutional investors.

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.