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1stdibs.com (NASDAQ:DIBS) Rating Increased to Hold at Wall Street Zen

1stdibs.com logo with Retail/Wholesale background

Key Points

  • 1stdibs.com was upgraded from a "sell" rating to a "hold" rating by Wall Street Zen, while Weiss Ratings reissued a "sell (e+)" rating.
  • As of Friday, shares of 1stdibs.com are trading at $2.61, down 5.1%, with a market cap of $93.12 million.
  • 1stdibs.com reported earnings of ($0.12) per share for the last quarter, surpassing analysts' expectations of ($0.17) by $0.05.
  • Want stock alerts on 1stdibs.com? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

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

Separately, Weiss Ratings reiterated a "sell (e+)" rating on shares of 1stdibs.com in a report on Tuesday, July 29th.

View Our Latest Stock Report on DIBS

1stdibs.com Stock Performance

Shares of DIBS traded up $0.04 during mid-day trading on Friday, hitting $2.66. 84,353 shares of the company were exchanged, compared to its average volume of 115,263. The stock has a market cap of $96.43 million, a price-to-earnings ratio of -4.84 and a beta of 1.07. 1stdibs.com has a 1-year low of $2.30 and a 1-year high of $5.00. The company has a 50 day moving average of $2.74 and a 200-day moving average of $2.94.

1stdibs.com (NASDAQ:DIBS - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The company reported ($0.12) EPS for the quarter, beating analysts' consensus estimates of ($0.17) by $0.05. The company had revenue of $22.14 million during the quarter, compared to the consensus estimate 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 anticipate that 1stdibs.com will post -0.52 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of DIBS. Beck Mack & Oliver LLC lifted its position in 1stdibs.com by 1.7% in the first quarter. Beck Mack & Oliver LLC now owns 3,344,426 shares of the company's stock valued at $10,167,000 after purchasing an additional 55,116 shares during the period. FIL Ltd lifted its position in 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 purchasing an additional 154,423 shares during the period. J. Goldman & Co LP acquired a new stake in 1stdibs.com in the fourth quarter valued at about $2,076,000. Harspring Capital Management LLC increased its holdings in 1stdibs.com by 13.5% in the fourth quarter. Harspring Capital Management LLC now owns 500,000 shares of the company's stock valued at $1,770,000 after buying an additional 59,623 shares in the last quarter. Finally, Truffle Hound Capital LLC acquired a new stake in shares of 1stdibs.com during the 2nd quarter valued at approximately $1,100,000. 66.97% of the stock is currently owned by hedge funds and other institutional investors.

1stdibs.com Company Profile

(Get Free Report)

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.

Further Reading

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