1stdibs.com (NASDAQ:DIBS) Upgraded to "Buy" at Wall Street Zen

Key Points

• Wall Street Zen upgraded 1stdibs.com from “Hold” to “Buy,” while Weiss Ratings downgraded it from “Sell (D-)” to “Sell (E+).” The overall analyst consensus remains “Hold,” with a $7.00 price target.
• DIBS shares opened at $3.78, compared with a 52-week range of $2.53 to $6.62. The company has a market capitalization of approximately $127 million and remains unprofitable.
• 1stdibs.com reported quarterly revenue of $23.32 million and an adjusted loss of $0.03 per share, beating analyst estimates for both revenue and EPS. Institutional investors own approximately 66.97% of the stock.

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

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

1stdibs.com Stock Performance

Shares of DIBS stock opened at $3.78 on Friday. 1stdibs.com has a fifty-two week low of $2.53 and a fifty-two week high of $6.62. The stock's fifty day moving average price is $4.42 and its two-hundred day moving average price is $4.67. The company has a market cap of $127.08 million, a PE ratio of -17.18 and a beta of 0.72.

1stdibs.com (NASDAQ:DIBS - Get Free Report) last released its quarterly earnings data 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 return on equity of 8.97% and a negative net margin of 8.54%. The firm had revenue of $23.32 million during the quarter, compared to the consensus estimate of $22.23 million. On average, equities analysts predict that 1stdibs.com will post -0.17 EPS for the current fiscal year.

Institutional Investors Weigh In On 1stdibs.com

Institutional investors and hedge funds have recently modified their holdings of the company. Squarepoint Ops LLC purchased a new position in 1stdibs.com during the second quarter valued at approximately $389,000. Public Employees Retirement System of Ohio purchased a new stake in 1stdibs.com in the 2nd quarter worth approximately $55,000. Bank of New York Mellon Corp bought a new position in 1stdibs.com in the 2nd quarter valued at $316,000. Kanen Wealth Management LLC boosted its holdings in 1stdibs.com by 75.8% in the 1st quarter. Kanen Wealth Management LLC now owns 2,068,723 shares of the company's stock valued at $11,378,000 after purchasing an additional 891,801 shares during the period. Finally, Arrowstreet Capital Limited Partnership grew its position in shares of 1stdibs.com by 3.8% during 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 in the last quarter. 66.97% of the stock is owned by hedge funds and other institutional investors.

About 1stdibs.com

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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