1stdibs.com (NASDAQ:DIBS) Stock Rating Lowered by Wall Street Zen

Key Points

• Wall Street Zen downgraded 1stdibs.com from “Buy” to “Hold.” MarketBeat data shows a consensus “Hold” rating and an average price target of $7.00, with one analyst rating the stock Buy and another rating it Sell.
• DIBS shares opened at $4.02, with a market capitalization of approximately $135.2 million. The stock has traded between $2.53 and $6.62 over the past year and was recently up 3.6%.
• 1stdibs.com beat quarterly expectations, reporting an adjusted loss of $0.03 per share versus the estimated $0.06 loss and revenue of $23.32 million against estimates of $22.23 million. Institutional investors own approximately 66.97% of the company.

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

Separately, Weiss Ratings raised shares of 1stdibs.com from a "sell (e+)" rating to a "sell (d-)" rating in a research note on Wednesday, September 16th. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $7.00.

1stdibs.com Trading Up 3.6%

DIBS stock opened at $4.02 on Friday. The stock has a 50-day moving average price of $4.44 and a two-hundred day moving average price of $4.72. 1stdibs.com has a 1 year low of $2.53 and a 1 year high of $6.62. The stock has a market cap of $135.15 million, a PE ratio of -18.27 and a beta of 0.72.

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

Institutional Trading of 1stdibs.com

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Squarepoint Ops LLC bought a new stake in shares of 1stdibs.com during the 2nd quarter worth approximately $389,000. Public Employees Retirement System of Ohio bought a new position in shares of 1stdibs.com in the second quarter valued at $55,000. Bank of New York Mellon Corp bought a new position in shares of 1stdibs.com in the second quarter valued at $316,000. Kanen Wealth Management LLC increased its holdings 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 worth $11,378,000 after buying an additional 891,801 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its holdings in 1stdibs.com by 3.8% during the first quarter. Arrowstreet Capital Limited Partnership now owns 522,695 shares of the company's stock worth $2,875,000 after buying an additional 18,911 shares during the last quarter. Institutional investors own 66.97% of the company's stock.

1stdibs.com Company Profile

1stDibs.com, Inc operates a global online marketplace for luxury design products and other high-end goods. Its platform connects consumers, interior designers, architects, and trade professionals with a network of dealers, galleries, and sellers offering merchandise across categories such as furniture, home décor, jewelry, watches, art, and fashion.

The company provides digital tools that enable sellers to display and market their inventory while helping buyers discover, evaluate, and purchase distinctive and often vintage or collectible products.

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