Wall Street Zen Downgrades 1stdibs.com (NASDAQ:DIBS) to Sell

Wall Street Zen lowered shares of 1stdibs.com (NASDAQ:DIBS - Free Report) from a hold rating to a sell rating in a research note published on Sunday morning.

Separately, Weiss Ratings reissued a "sell (e+)" rating on shares of 1stdibs.com in a research note on Friday, June 27th.

1stdibs.com Trading Up 1.8%

1stdibs.com stock traded up $0.05 during trading hours on Friday, reaching $2.76. 16,813 shares of the stock were exchanged, compared to its average volume of 117,929. The company has a market cap of $98.48 million, a P/E ratio of -5.02 and a beta of 1.07. 1stdibs.com has a twelve month low of $2.30 and a twelve month high of $5.00. The stock has a 50 day moving average of $2.67 and a two-hundred day moving average of $3.06.

1stdibs.com (NASDAQ:DIBS - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $22.55 million during the quarter, compared to the consensus estimate 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, analysts expect that 1stdibs.com will post -0.52 earnings per share for the current fiscal year.

Institutional Trading of 1stdibs.com

Hedge funds and other institutional investors have recently modified their holdings of the stock. Intech Investment Management LLC bought a new stake in shares of 1stdibs.com during the fourth quarter worth $36,000. Kovitz Investment Group Partners LLC acquired a new position in shares of 1stdibs.com during the first quarter worth $42,000. Jane Street Group LLC acquired a new position in shares of 1stdibs.com during the first quarter worth $45,000. Wells Fargo & Company MN lifted its holdings 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 worth $50,000 after purchasing an additional 2,939 shares during the period. Finally, Virtu Financial LLC acquired a new position in shares of 1stdibs.com during the first quarter worth $63,000. Institutional investors 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.