1stdibs.com (NASDAQ:DIBS) Downgraded 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 report sent to investors on Saturday.

DIBS has been the topic of several other research reports. Northland Securities raised 1stdibs.com from a “market perform” rating to an “outperform” rating and set a $7.00 price target on the stock in a research note on Tuesday, March 3rd. Weiss Ratings reissued a “sell (d-)” rating on shares of 1stdibs.com in a research note on Friday, March 27th. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $7.00.

1stdibs.com Price Performance

Shares of NASDAQ:DIBS opened at $4.74 on Friday. The business’s 50 day simple moving average is $5.50 and its 200-day simple moving average is $5.27. The firm has a market capitalization of $172.44 million, a price-to-earnings ratio of -12.15 and a beta of 0.77. 1stdibs.com has a 12 month low of $2.35 and a 12 month high of $6.62.

1stdibs.com (NASDAQ:DIBS) last announced its quarterly earnings results on Friday, February 27th. The company reported ($0.03) EPS for the quarter, topping the consensus estimate of ($0.04) by $0.01. The business had revenue of $22.97 million for the quarter, compared to analyst estimates of $23.10 million. 1stdibs.com had a negative return on equity of 14.44% and a negative net margin of 15.25%. On average, equities analysts anticipate that 1stdibs.com will post -0.2 earnings per share for the current year.

Insider Transactions at 1stdibs.com

In related news, General Counsel Melanie F. Goins sold 12,248 shares of the company’s stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $5.50, for a total value of $67,364.00. Following the sale, the general counsel owned 224,270 shares of the company’s stock, valued at approximately $1,233,485. This represents a 5.18% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last 90 days, insiders sold 15,000 shares of company stock valued at $82,553. 24.21% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On 1stdibs.com

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. JPMorgan Chase & Co. lifted its stake in 1stdibs.com by 59.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 10,395 shares of the company’s stock valued at $27,000 after buying an additional 3,862 shares in the last quarter. Bank of America Corp DE lifted its stake in 1stdibs.com by 43.5% in the 3rd quarter. Bank of America Corp DE now owns 13,216 shares of the company’s stock valued at $34,000 after buying an additional 4,006 shares in the last quarter. Two Sigma Investments LP lifted its stake in 1stdibs.com by 4.0% in the 3rd quarter. Two Sigma Investments LP now owns 112,460 shares of the company’s stock valued at $291,000 after buying an additional 4,296 shares in the last quarter. FNY Investment Advisers LLC purchased a new stake in 1stdibs.com in the 4th quarter valued at approximately $29,000. Finally, Jacobs Levy Equity Management Inc. lifted its stake in 1stdibs.com by 21.5% in the 3rd 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 in the last quarter. Hedge funds and other institutional investors own 66.97% of the company’s stock.

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.