1stdibs.Com (NASDAQ:DIBS) Earns Sell (E+) Rating from Weiss Ratings

1stdibs.Com (NASDAQ:DIBS - Get Free Report)'s stock had its "sell (e+)" rating restated by analysts at Weiss Ratings in a report released on Thursday,Weiss Ratings reports.

1stdibs.Com Stock Performance

DIBS traded down $0.01 during mid-day trading on Thursday, reaching $2.47. The stock had a trading volume of 204,314 shares, compared to its average volume of 117,578. The stock has a market capitalization of $88.16 million, a P/E ratio of -5.88 and a beta of 1.01. 1stdibs.Com has a 52 week low of $2.30 and a 52 week high of $6.20. The firm's fifty day simple moving average is $2.93 and its two-hundred day simple moving average is $3.56.

1stdibs.Com (NASDAQ:DIBS - Get Free Report) last announced its quarterly earnings results on Friday, February 28th. The company reported ($0.14) earnings per share for the quarter, topping analysts' consensus estimates of ($0.17) by $0.03. 1stdibs.Com had a negative net margin of 18.94% and a negative return on equity of 13.55%. The company had revenue of $22.77 million for the quarter, compared to analysts' expectations of $21.57 million. As a group, analysts expect that 1stdibs.Com will post -0.52 EPS for the current fiscal year.

Institutional Trading of 1stdibs.Com

Several hedge funds and other institutional investors have recently modified their holdings of the stock. State Street Corp boosted its stake in shares of 1stdibs.Com by 2.1% in the third quarter. State Street Corp now owns 294,330 shares of the company's stock valued at $1,298,000 after buying an additional 5,985 shares during the period. Barclays PLC lifted its stake in shares of 1stdibs.Com by 286.6% in the 3rd quarter. Barclays PLC now owns 34,182 shares of the company's stock valued at $150,000 after acquiring an additional 25,341 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of 1stdibs.Com by 16.8% during the third quarter. Geode Capital Management LLC now owns 664,078 shares of the company's stock valued at $2,929,000 after purchasing an additional 95,292 shares in the last quarter. Garden State Investment Advisory Services LLC bought a new stake in 1stdibs.Com during the 3rd quarter worth approximately $93,000. Finally, JPMorgan Chase & Co. increased its holdings in 1stdibs.Com by 151.6% in the third quarter. JPMorgan Chase & Co. now owns 106,407 shares of the company's stock valued at $469,000 after purchasing an additional 64,107 shares during the period. Institutional investors own 66.97% of the company's stock.

About 1stdibs.Com

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.