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

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

Separately, Weiss Ratings raised shares of 1stdibs.com from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, September 16th. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $7.00.

1stdibs.com Stock Performance

Shares of DIBS opened at $4.02 on Friday. The stock’s 50 day moving average is $4.44 and its two-hundred day moving average is $4.72. 1stdibs.com has a twelve month low of $2.53 and a twelve month high of $6.62. The firm has a market capitalization of $135.15 million, a PE ratio of -18.27 and a beta of 0.72.

1stdibs.com (NASDAQ:DIBS) last issued its earnings results on Wednesday, August 5th. The company reported ($0.03) earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.03. 1stdibs.com had a negative net margin of 8.54% and a negative return on equity of 8.97%. The company had revenue of $23.32 million for the quarter, compared to analyst estimates of $22.23 million. On average, sell-side analysts predict that 1stdibs.com will post -0.17 EPS for the current year.

Hedge Funds Weigh In On 1stdibs.com

Several hedge funds and other institutional investors have recently bought and sold shares of DIBS. Kanen Wealth Management LLC raised its stake in shares of 1stdibs.com by 75.8% in the 1st quarter. Kanen Wealth Management LLC now owns 2,068,723 shares of the company’s stock valued at $11,378,000 after purchasing an additional 891,801 shares in the last quarter. Harspring Capital Management LLC grew its stake in 1stdibs.com by 8.2% in the fourth quarter. Harspring Capital Management LLC now owns 660,000 shares of the company’s stock worth $3,953,000 after purchasing an additional 50,000 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its stake in 1stdibs.com by 3.8% in the first quarter. Arrowstreet Capital Limited Partnership now owns 522,695 shares of the company’s stock worth $2,875,000 after purchasing an additional 18,911 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in 1stdibs.com by 29.7% in the first quarter. Dimensional Fund Advisors LP now owns 335,792 shares of the company’s stock valued at $1,847,000 after buying an additional 76,846 shares during the last quarter. Finally, 683 Capital Management LLC bought a new stake in 1stdibs.com in the fourth quarter valued at about $1,053,000. 66.97% of the stock is owned by institutional investors and hedge funds.

1stdibs.com Company Profile

1stDibs.com, Inc operates a global online marketplace for luxury design products and other high-end goods. Its platform connects consumers, interior designers, architects, and trade professionals with a network of dealers, galleries, and sellers offering merchandise across categories such as furniture, home décor, jewelry, watches, art, and fashion.

The company provides digital tools that enable sellers to display and market their inventory while helping buyers discover, evaluate, and purchase distinctive and often vintage or collectible products.