1stdibs.com (NASDAQ:DIBS) Given Sell (E+) Rating at Weiss Ratings

Key Points

• 1stdibs.com has been given a "sell (e+)" rating by Weiss Ratings, while Wall Street Zen recently upgraded it from a "sell" to a "hold" rating.
• The company's stock, which opened at $2.67, has a 52-week range between $2.30 and $5.00 and has seen a 3.3% decline in trading.
• 1stdibs.com reported a quarterly loss of ($0.14) earnings per share, missing estimates, but its revenue of $22.55 million exceeded analyst expectations.

1stdibs.com (NASDAQ:DIBS - Get Free Report)'s stock had its "sell (e+)" rating restated by equities researchers at Weiss Ratings in a research report issued to clients and investors on Tuesday,Weiss Ratings reports.

Separately, Wall Street Zen upgraded 1stdibs.com from a "sell" rating to a "hold" rating in a research report on Monday, July 21st.

1stdibs.com Trading Down 3.3%

DIBS stock opened at $2.67 on Tuesday. The company's 50-day moving average price is $2.70 and its 200 day moving average price is $3.01. 1stdibs.com has a 52 week low of $2.30 and a 52 week high of $5.00. The company has a market cap of $95.27 million, a P/E ratio of -4.85 and a beta of 1.07.

1stdibs.com (NASDAQ:DIBS - Get Free Report) last posted its quarterly earnings results on Wednesday, May 14th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.13) by ($0.01). The company had revenue of $22.55 million for the quarter, compared to analyst estimates of $22.28 million. 1stdibs.com had a negative net margin of 22.69% and a negative return on equity of 19.49%. On average, equities research analysts expect that 1stdibs.com will post -0.52 earnings per share for the current year.

Hedge Funds Weigh In On 1stdibs.com

Several hedge funds have recently added to or reduced their stakes in DIBS. JPMorgan Chase & Co. grew its holdings in 1stdibs.com by 61.8% during the 4th quarter. JPMorgan Chase & Co. now owns 172,213 shares of the company's stock valued at $610,000 after buying an additional 65,806 shares during the last quarter. Landscape Capital Management L.L.C. purchased a new stake in shares of 1stdibs.com in the fourth quarter valued at $1,007,000. Wells Fargo & Company MN boosted 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 during the last quarter. FIL Ltd increased its position in 1stdibs.com by 11.9% during the 4th quarter. FIL Ltd now owns 1,450,000 shares of the company's stock worth $5,133,000 after purchasing an additional 154,423 shares in the last quarter. Finally, Barclays PLC raised its stake in 1stdibs.com by 17.6% in the 4th quarter. Barclays PLC now owns 40,192 shares of the company's stock valued at $142,000 after purchasing an additional 6,010 shares during the last quarter. 66.97% of the stock is currently owned by hedge funds and other 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.