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

Weiss Ratings reissued their sell (e+) rating on shares of 1stdibs.com (NASDAQ:DIBS - Free Report) in a research report sent to investors on Tuesday morning,Weiss Ratings reports.

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

1stdibs.com Trading Down 4.7%

NASDAQ:DIBS traded down $0.13 on Tuesday, reaching $2.63. 55,012 shares of the stock traded hands, compared to its average volume of 43,465. The firm has a market capitalization of $93.84 million, a price-to-earnings ratio of -4.78 and a beta of 1.07. The company's 50 day moving average is $2.72 and its 200-day moving average is $2.99. 1stdibs.com has a 1-year low of $2.30 and a 1-year high of $5.00.

1stdibs.com (NASDAQ:DIBS - Get Free Report) last announced its quarterly earnings data on Wednesday, May 14th. The company reported ($0.14) EPS for the quarter, missing the consensus estimate 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 return on equity of 19.49% and a negative net margin of 22.69%. On average, equities research analysts forecast that 1stdibs.com will post -0.52 EPS for the current fiscal year.

Institutional Trading of 1stdibs.com

Several hedge funds have recently bought and sold shares of the business. Two Sigma Advisers LP grew its position in 1stdibs.com by 2.0% in the 4th quarter. Two Sigma Advisers LP now owns 127,300 shares of the company's stock valued at $451,000 after purchasing an additional 2,500 shares during the period. Wells Fargo & Company MN grew its position in 1stdibs.com by 26.0% in the 4th quarter. Wells Fargo & Company MN now owns 14,256 shares of the company's stock valued at $50,000 after purchasing an additional 2,939 shares during the period. Barclays PLC lifted its stake in 1stdibs.com by 17.6% during the 4th quarter. Barclays PLC now owns 40,192 shares of the company's stock valued at $142,000 after acquiring an additional 6,010 shares in the last quarter. Bank of America Corp DE lifted its stake in 1stdibs.com by 31.8% during the 4th quarter. Bank of America Corp DE now owns 26,614 shares of the company's stock valued at $94,000 after acquiring an additional 6,424 shares in the last quarter. Finally, Kovitz Investment Group Partners LLC bought a new position in 1stdibs.com during the 1st quarter valued at $42,000. Institutional investors and hedge funds own 66.97% of the company's stock.

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.