Weiss Ratings reaffirmed their sell (e+) rating on shares of 1stdibs.Com (NASDAQ:DIBS - Free Report) in a research note published on Wednesday morning,Weiss Ratings reports.
Separately, Wall Street Zen lowered 1stdibs.Com from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd.
Read Our Latest Stock Analysis on 1stdibs.Com
1stdibs.Com Trading Down 1.4%
DIBS traded down $0.04 on Wednesday, hitting $2.83. 81,175 shares of the company's stock traded hands, compared to its average volume of 121,862. 1stdibs.Com has a one year low of $2.30 and a one year high of $5.67. The firm has a market cap of $100.99 million, a price-to-earnings ratio of -6.74 and a beta of 1.03. The company's 50 day simple moving average is $2.53 and its 200-day simple moving average is $3.23.
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 the consensus estimate of ($0.13) by ($0.01). The business 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 13.55% and a negative net margin of 18.94%. As a group, equities analysts anticipate that 1stdibs.Com will post -0.52 EPS for the current fiscal year.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Acadian Asset Management LLC boosted its stake in shares of 1stdibs.Com by 5.6% during the first quarter. Acadian Asset Management LLC now owns 286,063 shares of the company's stock valued at $867,000 after purchasing an additional 15,206 shares in the last quarter. Jane Street Group LLC bought a new stake in shares of 1stdibs.Com in the 1st quarter valued at about $45,000. Goldman Sachs Group Inc. raised its stake in shares of 1stdibs.Com by 60.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 118,051 shares of the company's stock worth $359,000 after acquiring an additional 44,541 shares in the last quarter. Beck Mack & Oliver LLC boosted its position in shares of 1stdibs.Com by 1.7% in the 1st quarter. Beck Mack & Oliver LLC now owns 3,344,426 shares of the company's stock worth $10,167,000 after purchasing an additional 55,116 shares in the last quarter. Finally, Kovitz Investment Group Partners LLC purchased a new position in 1stdibs.Com during the 1st quarter worth $42,000. 66.97% of the stock is currently owned by institutional investors.
About 1stdibs.Com
(
Get Free Report)
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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