Wall Street Zen Upgrades 1stdibs.com (NASDAQ:DIBS) to Hold

1stdibs.com (NASDAQ:DIBS - Get Free Report) was upgraded by Wall Street Zen from a "sell" rating to a "hold" rating in a report issued on Saturday.

Separately, Weiss Ratings reaffirmed a "sell (e+)" rating on shares of 1stdibs.com in a research report on Friday, June 27th.

1stdibs.com Trading Up 3.6%

DIBS opened at $2.85 on Friday. The firm has a market cap of $101.69 million, a price-to-earnings ratio of -5.18 and a beta of 1.07. 1stdibs.com has a 12 month low of $2.30 and a 12 month high of $5.00. The stock has a fifty day moving average price of $2.63 and a 200-day moving average price of $3.11.

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

Hedge Funds Weigh In On 1stdibs.com

Several hedge funds have recently modified their holdings of DIBS. J. Goldman & Co LP acquired a new position in shares of 1stdibs.com in the 4th quarter valued at $2,076,000. Landscape Capital Management L.L.C. purchased a new stake in 1stdibs.com during the 4th quarter valued at about $1,007,000. FIL Ltd grew its stake in 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 purchasing an additional 154,423 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of 1stdibs.com by 29.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 354,293 shares of the company's stock valued at $1,254,000 after purchasing an additional 80,693 shares during the period. Finally, Beck Mack & Oliver LLC increased its holdings in shares of 1stdibs.com by 2.3% in the fourth quarter. Beck Mack & Oliver LLC now owns 3,289,310 shares of the company's stock valued at $11,644,000 after purchasing an additional 73,991 shares during the period. Institutional investors and hedge funds own 66.97% of the company's stock.

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.

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