1stdibs.com (NASDAQ:DIBS) Stock Rating 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” rating. The stock has a consensus “Hold” rating and a $7.00 price target.
• DIBS shares opened at $4.27, with a market capitalization of approximately $143.5 million. The company recently reported a quarterly loss of $0.03 per share, beating estimates, and revenue of $23.32 million versus the $22.23 million consensus forecast.
• Institutional investors and hedge funds own approximately 66.97% of the stock, with several large holders increasing their positions during the first and second quarters.

1stdibs.com (NASDAQ:DIBS - Get Free Report) was downgraded by equities research analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a report released on Monday, Wall Street Zen reports.

Separately, Weiss Ratings cut shares of 1stdibs.com from a "sell (d-)" rating to a "sell (e+)" rating in a report on Friday, October 2nd. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $7.00.

1stdibs.com Price Performance

Shares of NASDAQ DIBS opened at $4.27 on Monday. The stock's 50 day moving average price is $4.35 and its two-hundred day moving average price is $4.61. 1stdibs.com has a 52-week low of $2.63 and a 52-week high of $6.62. The stock has a market capitalization of $143.54 million, a P/E ratio of -19.41 and a beta of 0.72.

1stdibs.com (NASDAQ:DIBS - Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The company reported ($0.03) 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 business had revenue of $23.32 million during the quarter, compared to analyst estimates of $22.23 million. On average, analysts anticipate that 1stdibs.com will post -0.17 EPS for the current year.

Institutional Trading of 1stdibs.com

Institutional investors have recently added to or reduced their stakes in the business. Kanen Wealth Management LLC grew its position in 1stdibs.com by 75.8% in the first quarter. Kanen Wealth Management LLC now owns 2,068,723 shares of the company's stock worth $11,378,000 after acquiring an additional 891,801 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in shares of 1stdibs.com by 3.8% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 522,695 shares of the company's stock valued at $2,875,000 after purchasing an additional 18,911 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of 1stdibs.com by 29.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 335,792 shares of the company's stock valued at $1,847,000 after purchasing an additional 76,846 shares during the last quarter. Squarepoint Ops LLC acquired a new stake in shares of 1stdibs.com in the 2nd quarter valued at $389,000. Finally, Bank of New York Mellon Corp bought a new stake in 1stdibs.com in the second quarter worth $316,000. 66.97% of the stock is currently owned by institutional investors and hedge funds.

1stdibs.com Company Profile

1stDibs.com, Inc operates a curated online marketplace for luxury and design-focused goods. The platform connects consumers, interior designers, architects and trade professionals with independent dealers, galleries and other sellers offering distinctive products across categories including furniture, home décor, jewelry, watches, fashion, art and collectibles.

The company's marketplace is designed to support the discovery and purchase of vintage, antique, contemporary and custom items.

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