1stdibs.com (NASDAQ:DIBS) Stock Rating Lowered by Wall Street Zen

1stdibs.com (NASDAQ:DIBS) was downgraded by Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued on Saturday, Wall Street Zen reports.

Separately, Weiss Ratings cut shares of 1stdibs.com from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Thursday, August 27th. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $7.00.

1stdibs.com Price Performance

Shares of 1stdibs.com stock opened at $4.81 on Friday. 1stdibs.com has a 52 week low of $2.50 and a 52 week high of $6.62. The business’s fifty day simple moving average is $4.64 and its 200-day simple moving average is $4.89. The firm has a market cap of $161.71 million, a PE ratio of -21.86 and a beta of 0.80.

1stdibs.com (NASDAQ:DIBS) last issued its quarterly earnings data on Wednesday, August 5th. The company reported ($0.03) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.03. The firm had revenue of $23.32 million during the quarter, compared to the consensus estimate of $22.23 million. 1stdibs.com had a negative return on equity of 8.97% and a negative net margin of 8.54%. As a group, equities analysts expect that 1stdibs.com will post -0.17 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Public Employees Retirement System of Ohio grew its stake in shares of 1stdibs.com by 62.7% in the first quarter. Public Employees Retirement System of Ohio now owns 9,085 shares of the company’s stock worth $50,000 after acquiring an additional 3,500 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of 1stdibs.com by 59.1% during the third quarter. JPMorgan Chase & Co. now owns 10,395 shares of the company’s stock worth $27,000 after acquiring an additional 3,862 shares during the period. Bank of America Corp DE raised its stake in shares of 1stdibs.com by 43.5% in the third quarter. Bank of America Corp DE now owns 13,216 shares of the company’s stock valued at $34,000 after acquiring an additional 4,006 shares in the last quarter. Two Sigma Investments LP raised its stake in shares of 1stdibs.com by 4.0% in the third quarter. Two Sigma Investments LP now owns 112,460 shares of the company’s stock valued at $291,000 after acquiring an additional 4,296 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. boosted its holdings in 1stdibs.com by 21.5% in the third quarter. Jacobs Levy Equity Management Inc. now owns 40,328 shares of the company’s stock valued at $104,000 after purchasing an additional 7,132 shares during the period. Institutional investors and hedge funds own 66.97% of the company’s stock.

About 1stdibs.com

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.