1stdibs.com's (DIBS) Sell (E+) Rating Reaffirmed at Weiss Ratings

Weiss Ratings restated their sell (e+) rating on shares of 1stdibs.com (NASDAQ:DIBS - Free Report) in a report released on Saturday morning,Weiss Ratings reports.

Separately, Wall Street Zen downgraded 1stdibs.com from a "hold" rating to a "sell" rating in a research note on Sunday.

1stdibs.com Trading Down 2.2%

NASDAQ DIBS traded down $0.06 during trading on Friday, reaching $2.70. 72,529 shares of the company's stock were exchanged, compared to its average volume of 117,839. 1stdibs.com has a fifty-two week low of $2.30 and a fifty-two week high of $5.00. The firm has a market capitalization of $96.34 million, a PE ratio of -4.91 and a beta of 1.07. The company's fifty day simple moving average is $2.68 and its 200-day simple moving average is $3.06.

1stdibs.com (NASDAQ:DIBS - Get Free Report) last announced its quarterly earnings data on Wednesday, May 14th. The company reported ($0.14) EPS for the quarter, missing analysts' consensus estimates of ($0.13) by ($0.01). 1stdibs.com had a negative return on equity of 19.49% and a negative net margin of 22.69%. The business had revenue of $22.55 million for the quarter, compared to analyst estimates of $22.28 million. Equities analysts forecast that 1stdibs.com will post -0.52 EPS for the current fiscal year.

Institutional Investors Weigh In On 1stdibs.com

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Beck Mack & Oliver LLC raised its stake in shares of 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 in the last quarter. FIL Ltd raised its stake in shares of 1stdibs.com by 11.9% in the 4th quarter. FIL Ltd now owns 1,450,000 shares of the company's stock valued at $5,133,000 after acquiring an additional 154,423 shares in the last quarter. J. Goldman & Co LP bought a new position in shares of 1stdibs.com in the 4th quarter valued at approximately $2,076,000. Harspring Capital Management LLC raised its stake in shares of 1stdibs.com by 13.5% in the 4th quarter. Harspring Capital Management LLC now owns 500,000 shares of the company's stock valued at $1,770,000 after acquiring an additional 59,623 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of 1stdibs.com by 29.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 354,293 shares of the company's stock valued at $1,254,000 after acquiring an additional 80,693 shares in the last quarter. 66.97% of the stock is owned by hedge funds and other institutional investors.

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.