1stdibs.com (NASDAQ:DIBS) Rating Increased to Hold at Wall Street Zen

Wall Street Zen upgraded shares of 1stdibs.com (NASDAQ:DIBS - Free Report) 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 Down 0.7%

DIBS traded down $0.02 during trading on Friday, hitting $2.72. 119,617 shares of the company's stock were exchanged, compared to its average volume of 119,441. 1stdibs.com has a 1 year low of $2.30 and a 1 year high of $5.00. The stock has a 50 day moving average price of $2.64 and a 200 day moving average price of $3.10. The firm has a market cap of $97.05 million, a P/E ratio of -4.95 and a beta of 1.07.

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

Hedge Funds Weigh In On 1stdibs.com

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

1stdibs.com Company Profile

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.