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

Key Points

• 1stdibs.com (NASDAQ:DIBS) has received a "sell (E+)" rating from Weiss Ratings, reaffirming concerns about its stock performance.
• Despite the negative rating from Weiss, Wall Street Zen upgraded 1stdibs.com shares from a "sell" to a "hold," indicating mixed analyst sentiment towards the company.
• 1stdibs.com reported a quarterly loss of ($0.12) earnings per share, beating analysts' estimates, though its revenue fell slightly short of expectations at $22.14 million.

1stdibs.com (NASDAQ:DIBS - Get Free Report)'s stock had its "sell (e+)" rating reaffirmed by equities researchers at Weiss Ratings in a research note issued on Wednesday,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 Sunday, August 10th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, 1stdibs.com presently has a consensus rating of "Reduce".

1stdibs.com Stock Performance

DIBS traded up $0.02 during trading on Wednesday, reaching $2.61. 18,587 shares of the company's stock were exchanged, compared to its average volume of 102,747. The company's fifty day moving average price is $2.70 and its 200-day moving average price is $2.67. 1stdibs.com has a fifty-two week low of $2.30 and a fifty-two week high of $4.72. The firm has a market capitalization of $94.61 million, a PE ratio of -4.75 and a beta of 1.06.

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

Insider Transactions at 1stdibs.com

In other news, CEO David S. Rosenblatt sold 73,207 shares of the company's stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $2.80, for a total transaction of $204,979.60. Following the completion of the sale, the chief executive officer owned 1,845,898 shares of the company's stock, valued at approximately $5,168,514.40. This represents a 3.81% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Thomas J. Etergino sold 19,391 shares of the stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $2.80, for a total transaction of $54,294.80. Following the completion of the transaction, the chief financial officer directly owned 240,937 shares of the company's stock, valued at approximately $674,623.60. The trade was a 7.45% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 102,342 shares of company stock valued at $286,558. Company insiders own 23.48% of the company's stock.

Hedge Funds Weigh In On 1stdibs.com

Several institutional investors and hedge funds have recently added to or reduced their stakes in DIBS. Bank of America Corp DE lifted its stake in 1stdibs.com by 31.8% in the 4th quarter. Bank of America Corp DE now owns 26,614 shares of the company's stock valued at $94,000 after purchasing an additional 6,424 shares during the last quarter. Virtu Financial LLC acquired a new position in 1stdibs.com in the 1st quarter valued at approximately $63,000. Nuveen LLC acquired a new position in 1stdibs.com in the 1st quarter valued at approximately $103,000. Kovitz Investment Group Partners LLC acquired a new position in 1stdibs.com in the 1st quarter valued at approximately $42,000. Finally, Beck Mack & Oliver LLC increased its position in 1stdibs.com by 1.7% in the 1st quarter. Beck Mack & Oliver LLC now owns 3,344,426 shares of the company's stock valued at $10,167,000 after acquiring an additional 55,116 shares during the period. 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.

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