Wall Street Zen Downgrades 1stdibs.com (NASDAQ:DIBS) to Sell

Key Points

• Wall Street Zen has downgraded 1stdibs.com (NASDAQ:DIBS) from a "hold" rating to a "sell" rating, reflecting a negative outlook on the company's stock performance.
• Weiss Ratings also reaffirmed a "sell (e+)" rating on 1stdibs.com, indicating continued concerns about the company's financial health.
• The company reported a loss of ($0.14) per share, which missed analysts' consensus estimates, and anticipates a negative earnings per share of -0.52 for the current year.

Wall Street Zen lowered shares of 1stdibs.com (NASDAQ:DIBS - Free Report) from a hold rating to a sell rating in a report issued on Saturday morning.

Separately, Weiss Ratings reissued a "sell (e+)" rating on shares of 1stdibs.com in a research report on Tuesday, July 29th.

1stdibs.com Stock Up 1.5%

Shares of 1stdibs.com stock traded up $0.04 during trading on Friday, reaching $2.67. The company's stock had a trading volume of 68,681 shares, compared to its average volume of 117,928. 1stdibs.com has a 52-week low of $2.30 and a 52-week high of $5.00. The company has a market cap of $95.28 million, a price-to-earnings ratio of -4.85 and a beta of 1.07. The firm's 50-day moving average is $2.72 and its two-hundred day moving average is $2.98.

1stdibs.com (NASDAQ:DIBS - Get Free Report) last announced its quarterly earnings data on Wednesday, May 14th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.13) by ($0.01). 1stdibs.com had a negative net margin of 22.69% and a negative return on equity of 19.49%. The business had revenue of $22.55 million during the quarter, compared to analysts' expectations of $22.28 million. On average, equities research analysts anticipate that 1stdibs.com will post -0.52 EPS for the current year.

Institutional Investors Weigh In On 1stdibs.com

Institutional investors and hedge funds have recently modified their holdings of the stock. J. Goldman & Co LP purchased a new position in shares of 1stdibs.com during the 4th quarter worth approximately $2,076,000. Landscape Capital Management L.L.C. purchased a new position in 1stdibs.com during the fourth quarter valued at $1,007,000. FIL Ltd boosted its holdings in shares of 1stdibs.com by 11.9% during the 4th quarter. FIL Ltd now owns 1,450,000 shares of the company's stock valued at $5,133,000 after buying an additional 154,423 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new stake in shares of 1stdibs.com during the 2nd quarter valued at $254,000. Finally, Dimensional Fund Advisors LP grew its position in shares of 1stdibs.com by 29.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 354,293 shares of the company's stock worth $1,254,000 after buying an additional 80,693 shares during the period. 66.97% of the stock is owned by hedge funds and other institutional investors.

About 1stdibs.com

1stdibs.Com, Inc operates an online marketplace for luxury design products worldwide. Its marketplace connects customers with sellers and makers of vintage, antique, and contemporary furniture; and home décor, jewelry, watches, art, and fashion products. The company was incorporated in 2000 and is headquartered in New York, New York.