1stdibs.com (NASDAQ:DIBS) Cut to "Hold" at Wall Street Zen

Key Points

• Wall Street Zen downgraded 1stdibs.com from “Buy” to “Hold,” while Weiss Ratings maintained a “Sell” assessment with a lower grade. The stock has a consensus “Hold” rating and a $7.00 target price.
• Shares opened at $4.81 and have traded between $2.50 and $6.62 over the past year. The company recently reported a quarterly loss of $0.03 per share, beating estimates, and revenue of $23.32 million, above expectations.
• Institutional investors and hedge funds own approximately 66.97% of the stock, with several firms recently increasing their positions in 1stdibs.com.

1stdibs.com (NASDAQ:DIBS - Get Free Report) was downgraded by equities researchers at Wall Street Zen from a "buy" rating to a "hold" rating in a research report issued to clients and investors on Saturday, Wall Street Zen reports.

Separately, Weiss Ratings downgraded shares of 1stdibs.com from a "sell (d-)" rating to a "sell (e+)" rating in a research note on Thursday, August 27th. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $7.00.

1stdibs.com Stock Down 0.8%

DIBS opened at $4.81 on Friday. 1stdibs.com has a fifty-two week low of $2.50 and a fifty-two week high of $6.62. The company's 50-day moving average price is $4.64 and its 200 day moving average price is $4.89. The firm has a market cap of $161.71 million, a price-to-earnings ratio of -21.86 and a beta of 0.80.

1stdibs.com (NASDAQ:DIBS - Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.03. 1stdibs.com had a negative net margin of 8.54% and a negative return on equity of 8.97%. The company had revenue of $23.32 million during the quarter, compared to the consensus estimate of $22.23 million. Research analysts anticipate that 1stdibs.com will post -0.17 earnings per share for the current year.

Institutional Investors Weigh In On 1stdibs.com

Institutional investors have recently made changes to their positions in the company. Kanen Wealth Management LLC raised its position in 1stdibs.com by 75.8% during the first quarter. Kanen Wealth Management LLC now owns 2,068,723 shares of the company's stock valued at $11,378,000 after acquiring an additional 891,801 shares in the last quarter. 683 Capital Management LLC bought a new stake in 1stdibs.com in the fourth quarter worth approximately $1,053,000. R Squared Ltd bought a new stake in 1stdibs.com in the first quarter worth approximately $69,000. Ritholtz Wealth Management increased its stake in shares of 1stdibs.com by 36.4% during the 1st quarter. Ritholtz Wealth Management now owns 33,936 shares of the company's stock worth $187,000 after purchasing an additional 9,056 shares during the last quarter. Finally, Harspring Capital Management LLC increased its stake in shares of 1stdibs.com by 8.2% during the 4th quarter. Harspring Capital Management LLC now owns 660,000 shares of the company's stock worth $3,953,000 after purchasing an additional 50,000 shares during the last quarter. 66.97% of the stock is currently owned by institutional investors and hedge funds.

1stdibs.com Company Profile

1stDibs.com is an online marketplace specializing in high-end furniture, fine art, jewelry, watches, fashion and decor. The platform curates offerings from independent dealers, galleries and luxury brands, enabling vetted sellers to reach discerning buyers around the world. Headquartered in New York with an additional office in Paris, 1stDibs has built a reputation for quality and authenticity through rigorous seller screening and detailed item vetting.

Launched in 2001 by founder Michael Bruno, the company has grown into a leading destination for both private collectors and interior design professionals.

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