1stdibs.com (NASDAQ:DIBS - Get Free Report) was downgraded by research analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a note issued to investors on Sunday.
Separately, Weiss Ratings reaffirmed a "sell (e+)" rating on shares of 1stdibs.com in a research note on Friday, June 27th.
Read Our Latest Stock Report on DIBS
1stdibs.com Price Performance
1stdibs.com stock opened at $2.77 on Friday. The stock has a market capitalization of $98.83 million, a P/E ratio of -5.04 and a beta of 1.07. 1stdibs.com has a 12-month low of $2.30 and a 12-month high of $5.00. The firm's 50-day moving average is $2.66 and its two-hundred day moving average is $3.08.
1stdibs.com (NASDAQ:DIBS - Get Free Report) last released its earnings results on Wednesday, May 14th. The company reported ($0.14) EPS for the quarter, missing the consensus estimate of ($0.13) by ($0.01). 1stdibs.com had a negative return on equity of 19.49% and a negative net margin of 22.69%. The firm had revenue of $22.55 million during the quarter, compared to analysts' expectations of $22.28 million. As a group, analysts forecast that 1stdibs.com will post -0.52 EPS for the current year.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Intech Investment Management LLC purchased a new stake in 1stdibs.com during the fourth quarter worth approximately $36,000. JPMorgan Chase & Co. raised its position in 1stdibs.com by 61.8% in the fourth quarter. JPMorgan Chase & Co. now owns 172,213 shares of the company's stock valued at $610,000 after purchasing an additional 65,806 shares during the period. Landscape Capital Management L.L.C. acquired a new position in shares of 1stdibs.com during the fourth quarter worth about $1,007,000. Wells Fargo & Company MN boosted its position in shares of 1stdibs.com by 26.0% in the fourth quarter. Wells Fargo & Company MN now owns 14,256 shares of the company's stock worth $50,000 after buying an additional 2,939 shares during the period. Finally, FIL Ltd grew its stake in shares of 1stdibs.com by 11.9% in the fourth quarter. FIL Ltd now owns 1,450,000 shares of the company's stock valued at $5,133,000 after buying an additional 154,423 shares in the last quarter. Institutional investors and hedge funds own 66.97% of the company's stock.
About 1stdibs.com
(
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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.
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