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 research report report published on Saturday morning.

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

1stdibs.com Price Performance

Shares of 1stdibs.com stock traded up $0.07 on Friday, hitting $2.70. 27,377 shares of the company's stock traded hands, compared to its average volume of 116,678. 1stdibs.com has a one year low of $2.30 and a one year high of $5.00. The company has a fifty day moving average of $2.72 and a two-hundred day moving average of $2.97. The company has a market capitalization of $96.34 million, a price-to-earnings ratio of -4.89 and a beta of 1.07.

1stdibs.com (NASDAQ:DIBS - Get Free Report) last posted its earnings results on Wednesday, August 6th. The company reported ($0.12) earnings per share for the quarter, beating analysts' consensus estimates of ($0.17) by $0.05. 1stdibs.com had a negative return on equity of 19.49% and a negative net margin of 22.69%. Equities research analysts anticipate that 1stdibs.com will post -0.52 earnings per share for the current year.

Institutional Investors Weigh In On 1stdibs.com

Several hedge funds have recently modified their holdings of DIBS. Kovitz Investment Group Partners LLC purchased a new position in 1stdibs.com in the 1st quarter valued at approximately $42,000. Jane Street Group LLC purchased a new stake in 1stdibs.com in the 1st quarter valued at $45,000. Wells Fargo & Company MN boosted its position in shares of 1stdibs.com by 26.0% during the 4th quarter. Wells Fargo & Company MN now owns 14,256 shares of the company's stock valued at $50,000 after acquiring an additional 2,939 shares during the last quarter. Virtu Financial LLC purchased a new position in 1stdibs.com in the 1st quarter worth approximately $63,000. Finally, XTX Topco Ltd purchased a new position in 1stdibs.com in the 4th quarter worth approximately $84,000. 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.