1stdibs.com (NASDAQ:DIBS) Shares Break Above Two Hundred Day Moving Average - Here's Why

Key Points

• 1stdibs.com shares rose above their 200-day moving average, reaching $4.95 and last trading at $4.94, compared with the average of $4.85.
• Analyst sentiment remains mixed: one analyst rates the stock Buy and another Sell, resulting in a consensus Hold rating and a $7.00 price target.
• The company exceeded quarterly expectations, reporting a $0.03 loss per share versus the estimated $0.06 loss and revenue of $23.32 million versus $22.23 million expected, though profitability remained negative.

1stdibs.com, Inc. (NASDAQ:DIBS - Get Free Report)'s stock price passed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $4.85 and traded as high as $4.95. 1stdibs.com shares last traded at $4.94, with a volume of 105,541 shares traded.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Weiss Ratings raised 1stdibs.com from a "sell (e+)" rating to a "sell (d-)" rating in a research report on Wednesday, October 21st. Wall Street Zen cut shares of 1stdibs.com from a "buy" rating to a "hold" rating in a research report on Monday, October 19th. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $7.00.

1stdibs.com Stock Performance

The firm has a 50 day moving average price of $4.30 and a two-hundred day moving average price of $4.85. The company has a market cap of $166.08 million, a P/E ratio of -22.45 and a beta of 0.72.

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

Institutional Investors Weigh In On 1stdibs.com

Several large investors have recently bought and sold shares of DIBS. Public Employees Retirement System of Ohio lifted its position in 1stdibs.com by 62.7% in the first quarter. Public Employees Retirement System of Ohio now owns 9,085 shares of the company's stock worth $50,000 after buying an additional 3,500 shares during the last quarter. R Squared Ltd bought a new stake in 1stdibs.com in the first quarter worth about $69,000. Ritholtz Wealth Management grew its stake in shares of 1stdibs.com by 36.4% during the first quarter. Ritholtz Wealth Management now owns 33,936 shares of the company's stock valued at $187,000 after buying an additional 9,056 shares during the last quarter. Bank of New York Mellon Corp purchased a new stake in shares of 1stdibs.com in the second quarter worth approximately $316,000. Finally, Squarepoint Ops LLC purchased a new position in 1stdibs.com during the 2nd quarter valued at $389,000. Institutional investors own 66.97% of the company's stock.

About 1stdibs.com

1stDibs.com, Inc operates a global online marketplace for luxury goods, connecting consumers with professional dealers, galleries, designers, and makers. The platform focuses on high-end and distinctive products across categories including furniture, home décor, jewelry, watches, fashion, art, and collectibles.

The company provides product discovery and transaction services through its website and digital platforms. Its offerings are intended to support the buying and selling of unique, design-oriented merchandise, with services that may include seller tools, customer support, authentication or verification processes for selected categories, and arrangements related to payments and shipping.

1stDibs was founded in 2000 and initially developed as an online destination for antiques and design merchandise.

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