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

Key Points

• 1stdibs.com has had its "sell (e+)" rating reaffirmed by Weiss Ratings, while Wall Street Zen upgraded it from a "sell" to a "hold" rating.
• The company's stock is currently trading at $2.78, with a market cap of $100.78 million, and has a 12-month low of $2.30 and a high of $4.85.
• Insiders, including CFO Thomas J. Etergino and CEO David S. Rosenblatt, have sold significant shares of the company, indicating a 7.45% and 3.81% decrease in their ownership, respectively.

1stdibs.com (NASDAQ:DIBS - Get Free Report)'s stock had its "sell (e+)" rating reissued by stock analysts at Weiss Ratings in a research report issued to clients and investors on Saturday, September 13th,Weiss Ratings reports.

Separately, Wall Street Zen raised 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, According to data from MarketBeat.com, 1stdibs.com has an average rating of "Hold".

1stdibs.com Stock Performance

DIBS remained flat at $2.87 during midday trading on Friday. 187,694 shares of the company traded hands, compared to its average volume of 47,799. The stock has a market capitalization of $104.04 million, a P/E ratio of -5.22 and a beta of 1.07. The company's 50 day moving average price is $2.71 and its two-hundred day moving average price is $2.72. 1stdibs.com has a 52-week low of $2.30 and a 52-week high of $4.85.

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

Insider Buying and Selling

In related news, CEO David S. Rosenblatt sold 73,207 shares of the business's stock in a transaction 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 transaction, the chief executive officer owned 1,845,898 shares of the company's stock, valued at approximately $5,168,514.40. The trade was a 3.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, General Counsel Melanie F. Goins sold 9,744 shares of the business's stock in a transaction on Monday, September 8th. The stock was sold at an average price of $2.80, for a total transaction of $27,283.20. Following the transaction, the general counsel directly owned 191,170 shares in the company, valued at $535,276. This trade represents a 4.85% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 102,342 shares of company stock valued at $286,558. 19.60% of the stock is owned by company insiders.

Hedge Funds Weigh In On 1stdibs.com

A number of institutional investors and hedge funds have recently bought and sold shares of DIBS. Northern Trust Corp increased its position in 1stdibs.com by 8.9% during the fourth quarter. Northern Trust Corp now owns 253,583 shares of the company's stock worth $898,000 after acquiring an additional 20,805 shares during the period. Bank of America Corp DE lifted its position in 1stdibs.com by 31.8% in the fourth quarter. Bank of America Corp DE now owns 26,614 shares of the company's stock worth $94,000 after purchasing an additional 6,424 shares during the period. Two Sigma Advisers LP lifted its position in 1stdibs.com by 2.0% in the fourth quarter. Two Sigma Advisers LP now owns 127,300 shares of the company's stock worth $451,000 after purchasing an additional 2,500 shares during the period. Arcadia Wealth Management Inc. bought a new position in 1stdibs.com in the fourth quarter worth $113,000. Finally, Virtu Financial LLC bought a new position in 1stdibs.com in the first quarter worth $63,000. 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.