1stdibs.com (NASDAQ:DIBS) Lowered to “Hold” Rating by Wall Street Zen

Wall Street Zen cut shares of 1stdibs.com (NASDAQ:DIBS) from a buy rating to a hold rating in a research note issued to investors on Saturday morning.

A number of other analysts also recently weighed in on DIBS. Northland Capmk upgraded 1stdibs.com to a “hold” rating in a report on Monday, December 29th. Northland Securities began coverage on 1stdibs.com in a research report on Monday, December 29th. They issued a “market perform” rating and a $7.00 price target on the stock. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of 1stdibs.com in a research report on Monday, December 29th. Two investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce” and an average price target of $7.00.

1stdibs.com Price Performance

1stdibs.com stock opened at $5.90 on Friday. The business has a 50 day moving average of $5.25 and a 200-day moving average of $3.61. The company has a market capitalization of $216.00 million, a P/E ratio of -11.80 and a beta of 1.05. 1stdibs.com has a 1 year low of $2.30 and a 1 year high of $6.62.

1stdibs.com (NASDAQ:DIBS) last posted its earnings results on Friday, November 7th. The company reported ($0.10) EPS for the quarter, topping the consensus estimate of ($0.13) by $0.03. 1stdibs.com had a negative net margin of 19.94% and a negative return on equity of 18.56%. The business had revenue of $21.97 million for the quarter, compared to the consensus estimate of $21.51 million. Equities analysts anticipate that 1stdibs.com will post -0.52 EPS for the current year.

Insider Activity at 1stdibs.com

In other 1stdibs.com news, General Counsel Melanie F. Goins sold 11,296 shares of the stock in a transaction that occurred on Monday, December 8th. The stock was sold at an average price of $5.96, for a total transaction of $67,324.16. Following the transaction, the general counsel directly owned 213,068 shares in the company, valued at approximately $1,269,885.28. This represents a 5.03% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Thomas J. Etergino sold 27,066 shares of the firm’s stock in a transaction that occurred on Monday, December 8th. The stock was sold at an average price of $5.96, for a total transaction of $161,313.36. Following the sale, the chief financial officer directly owned 266,885 shares of the company’s stock, valued at approximately $1,590,634.60. This trade represents a 9.21% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 706,640 shares of company stock worth $3,693,863 in the last 90 days. Corporate insiders own 19.60% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. JPMorgan Chase & Co. grew its stake in 1stdibs.com by 59.1% in the third quarter. JPMorgan Chase & Co. now owns 10,395 shares of the company’s stock valued at $27,000 after acquiring an additional 3,862 shares during the period. Jacobs Levy Equity Management Inc. grew its position in 1stdibs.com by 21.5% during the third quarter. Jacobs Levy Equity Management Inc. now owns 40,328 shares of the company’s stock valued at $104,000 after buying an additional 7,132 shares during the period. Elevation Point Wealth Partners LLC purchased a new stake in 1stdibs.com during the third quarter worth about $34,000. Bank of America Corp DE raised its position in 1stdibs.com by 43.5% in the third quarter. Bank of America Corp DE now owns 13,216 shares of the company’s stock worth $34,000 after acquiring an additional 4,006 shares during the period. Finally, Two Sigma Investments LP raised its position in 1stdibs.com by 4.0% in the third quarter. Two Sigma Investments LP now owns 112,460 shares of the company’s stock worth $291,000 after acquiring an additional 4,296 shares during the period. 66.97% of the stock is owned by institutional investors.

1stdibs.com Company Profile

1stDibs.com is an online marketplace specializing in high-end furniture, fine art, jewelry, watches, fashion and decor. The platform curates offerings from independent dealers, galleries and luxury brands, enabling vetted sellers to reach discerning buyers around the world. Headquartered in New York with an additional office in Paris, 1stDibs has built a reputation for quality and authenticity through rigorous seller screening and detailed item vetting.

Launched in 2001 by founder Michael Bruno, the company has grown into a leading destination for both private collectors and interior design professionals.