1stdibs.com (NASDAQ:DIBS) Stock Rating Upgraded by Wall Street Zen

Key Points

• Wall Street Zen upgraded 1stdibs.com from “hold” to “buy,” though Weiss Ratings maintained a “sell (D-)” view. MarketBeat reports an overall “hold” consensus and a $7.00 target price.
• DIBS shares opened at $5.08, with a 12-month range of $2.50 to $6.62 and a market capitalization of approximately $170.8 million.
• The company’s latest quarterly results beat expectations, reporting a loss of $0.03 per share versus the anticipated $0.06 loss and revenue of $23.32 million versus the $22.23 million consensus estimate. CEO David S. Rosenblatt also purchased 47,500 shares, while insiders own 24.21% of the company.

1stdibs.com (NASDAQ:DIBS - Get Free Report) was upgraded by investment analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research note issued on Saturday.

Separately, Weiss Ratings restated a "sell (d-)" rating on shares of 1stdibs.com in a research report on Wednesday, June 24th. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $7.00.

1stdibs.com Price Performance

Shares of NASDAQ:DIBS opened at $5.08 on Friday. The firm has a market capitalization of $170.79 million, a price-to-earnings ratio of -23.09 and a beta of 0.80. The business's 50 day simple moving average is $4.48 and its 200-day simple moving average is $5.02. 1stdibs.com has a 12 month low of $2.50 and a 12 month high of $6.62.

1stdibs.com (NASDAQ:DIBS - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The company reported ($0.03) earnings per share for the quarter, beating the consensus estimate of ($0.06) by $0.03. The firm had revenue of $23.32 million during the quarter, compared to the consensus estimate of $22.23 million. 1stdibs.com had a negative return on equity of 8.97% and a negative net margin of 8.54%. On average, equities analysts anticipate that 1stdibs.com will post -0.2 earnings per share for the current year.

Insider Buying and Selling at 1stdibs.com

In other 1stdibs.com news, CEO David S. Rosenblatt acquired 47,500 shares of the company's stock in a transaction dated Tuesday, May 12th. The stock was acquired at an average cost of $4.51 per share, with a total value of $214,225.00. Following the purchase, the chief executive officer directly owned 712,802 shares in the company, valued at approximately $3,214,737.02. This trade represents a 7.14% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. 24.21% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On 1stdibs.com

A number of large investors have recently bought and sold shares of DIBS. Larson Financial Group LLC increased its position in 1stdibs.com by 2,596.0% during the fourth quarter. Larson Financial Group LLC now owns 8,088 shares of the company's stock worth $48,000 after buying an additional 7,788 shares in the last quarter. Public Employees Retirement System of Ohio raised its holdings in shares of 1stdibs.com by 62.7% in the first quarter. Public Employees Retirement System of Ohio now owns 9,085 shares of the company's stock worth $50,000 after acquiring an additional 3,500 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of 1stdibs.com by 59.1% in the third quarter. JPMorgan Chase & Co. now owns 10,395 shares of the company's stock valued at $27,000 after acquiring an additional 3,862 shares in the last quarter. Susquehanna Portfolio Strategies LLC purchased a new stake in shares of 1stdibs.com in the fourth quarter valued at $64,000. Finally, Jump Financial LLC acquired a new stake in shares of 1stdibs.com during the second quarter valued at $30,000. Institutional investors and hedge funds own 66.97% of the company's stock.

1stdibs.com Company Profile

1stDibs.com is an online marketplace specializing in high-end furniture, fine art, jewelry, watches, fashion and decor. The platform curates offerings from independent dealers, galleries and luxury brands, enabling vetted sellers to reach discerning buyers around the world. Headquartered in New York with an additional office in Paris, 1stDibs has built a reputation for quality and authenticity through rigorous seller screening and detailed item vetting.

Launched in 2001 by founder Michael Bruno, the company has grown into a leading destination for both private collectors and interior design professionals.

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