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

Key Points

• The stock of 1stdibs.com (NASDAQ:DIBS) has a "sell (e+)" rating reaffirmed by Weiss Ratings, indicating continued skepticism about its investment potential.
• Following the recent quarterly earnings report, the company reported an earnings per share of ($0.12), surpassing estimates, but still experiencing negative financial metrics.
• Institutional investors hold a significant stake in 1stdibs.com, with 66.97% of the stock owned by hedge funds and other institutional investors, suggesting confidence in its long-term prospects.

1stdibs.com (NASDAQ:DIBS - Get Free Report)'s stock had its "sell (e+)" rating reaffirmed by equities researchers at Weiss Ratings in a research note issued to investors on Thursday,Weiss Ratings reports.

Separately, Wall Street Zen upgraded shares of 1stdibs.com from a "sell" rating to a "hold" rating in a research note on Sunday, August 10th.

1stdibs.com Price Performance

Shares of 1stdibs.com stock traded up $0.04 on Thursday, hitting $2.67. The company had a trading volume of 1,103 shares, compared to its average volume of 113,306. The firm has a market capitalization of $96.61 million, a P/E ratio of -4.85 and a beta of 1.07. 1stdibs.com has a twelve month low of $2.30 and a twelve month high of $5.00. The stock has a 50-day moving average of $2.73 and a 200-day moving average of $2.91.

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

Institutional Investors Weigh In On 1stdibs.com

A number of hedge funds have recently made changes to their positions in DIBS. Catalyst Funds Management Pty Ltd acquired a new stake in 1stdibs.com during the 2nd quarter worth approximately $30,000. Jump Financial LLC acquired a new stake in 1stdibs.com during the 2nd quarter worth approximately $30,000. Kovitz Investment Group Partners LLC acquired a new stake in 1stdibs.com during the 1st quarter worth approximately $42,000. Quadrature Capital Ltd acquired a new stake in 1stdibs.com during the 2nd quarter worth approximately $42,000. Finally, Jane Street Group LLC acquired a new stake in 1stdibs.com during the 1st quarter worth approximately $45,000. 66.97% of the stock is currently owned by institutional investors and hedge funds.

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.