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

Wall Street Zen upgraded shares of 1stdibs.com (NASDAQ:DIBS) from a hold rating to a buy rating in a report published on Saturday.

Several other research firms have also recently weighed in on DIBS. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of 1stdibs.com in a research report on Monday, December 29th. Northland Securities raised shares of 1stdibs.com from a “market perform” rating to an “outperform” rating and set a $7.00 target price on the stock in a report on Tuesday, March 3rd. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, 1stdibs.com currently has a consensus rating of “Hold” and an average target price of $7.00.

1stdibs.com Price Performance

1stdibs.com stock opened at $5.60 on Friday. The firm has a market cap of $202.66 million, a PE ratio of -14.36 and a beta of 1.06. The stock’s fifty day moving average price is $5.61 and its two-hundred day moving average price is $4.51. 1stdibs.com has a one year low of $2.30 and a one year high of $6.62.

1stdibs.com (NASDAQ:DIBS) last released its earnings results on Friday, February 27th. The company reported ($0.03) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.01. 1stdibs.com had a negative return on equity of 14.44% and a negative net margin of 15.25%.The firm had revenue of $22.97 million during the quarter, compared to the consensus estimate of $23.10 million. Sell-side analysts expect that 1stdibs.com will post -0.52 earnings per share for the current fiscal year.

Insider Buying and Selling at 1stdibs.com

In other 1stdibs.com news, CEO David S. Rosenblatt sold 73,207 shares of the firm’s stock in a transaction on Monday, December 8th. The stock was sold at an average price of $5.96, for a total value of $436,313.72. Following the sale, the chief executive officer owned 1,976,786 shares of the company’s stock, valued at approximately $11,781,644.56. This trade represents a 3.57% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Thomas J. Etergino sold 27,066 shares of 1stdibs.com stock in a transaction on Monday, December 8th. The shares were sold at an average price of $5.96, for a total value of $161,313.36. Following the completion of the transaction, the chief financial officer owned 266,885 shares in the company, valued at approximately $1,590,634.60. The trade was a 9.21% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 111,569 shares of company stock valued at $664,951. 19.60% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On 1stdibs.com

A number of hedge funds and other institutional investors have recently bought and sold shares of DIBS. FNY Investment Advisers LLC acquired a new position in 1stdibs.com during the 4th quarter worth about $29,000. Larson Financial Group LLC increased its stake in shares of 1stdibs.com by 2,596.0% in the fourth quarter. Larson Financial Group LLC now owns 8,088 shares of the company’s stock valued at $48,000 after buying an additional 7,788 shares during the period. JPMorgan Chase & Co. raised 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 last quarter. Susquehanna Portfolio Strategies LLC bought a new position in shares of 1stdibs.com during the fourth quarter worth about $64,000. Finally, Jump Financial LLC acquired a new position in shares of 1stdibs.com in the second quarter worth approximately $30,000. 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.