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

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

Separately, Weiss Ratings lowered shares of 1stdibs.com from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday, October 2nd. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $7.00.

1stdibs.com Stock Up 1.2%

1stdibs.com stock opened at $4.30 on Monday. The business has a 50-day simple moving average of $4.34 and a two-hundred day simple moving average of $4.60. The company has a market cap of $144.57 million, a P/E ratio of -19.55 and a beta of 0.72. 1stdibs.com has a 52-week low of $2.74 and a 52-week high of $6.62.

1stdibs.com (NASDAQ:DIBS) last released its quarterly earnings results on Wednesday, August 5th. The company reported ($0.03) EPS for the quarter, beating the consensus estimate of ($0.06) by $0.03. The firm had revenue of $23.32 million during the quarter, compared to analyst estimates of $22.23 million. 1stdibs.com had a negative net margin of 8.54% and a negative return on equity of 8.97%. Research analysts anticipate that 1stdibs.com will post -0.17 EPS for the current fiscal year.

Hedge Funds Weigh In On 1stdibs.com

Several institutional investors and hedge funds have recently bought and sold shares of DIBS. Squarepoint Ops LLC bought a new position in shares of 1stdibs.com in the second quarter worth about $389,000. Public Employees Retirement System of Ohio bought a new position in shares of 1stdibs.com during the 2nd quarter valued at approximately $55,000. Bank of New York Mellon Corp bought a new position in shares of 1stdibs.com during the 2nd quarter valued at approximately $316,000. Kanen Wealth Management LLC grew its stake in shares of 1stdibs.com by 75.8% during the 1st quarter. Kanen Wealth Management LLC now owns 2,068,723 shares of the company’s stock valued at $11,378,000 after acquiring an additional 891,801 shares during the period. Finally, Arrowstreet Capital Limited Partnership increased its holdings in 1stdibs.com by 3.8% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 522,695 shares of the company’s stock worth $2,875,000 after acquiring an additional 18,911 shares in the last quarter. 66.97% of the stock is currently owned by hedge funds and other institutional investors.

1stdibs.com Company Profile

1stDibs.com, Inc operates a curated online marketplace for luxury and design-focused goods. The platform connects consumers, interior designers, architects and trade professionals with independent dealers, galleries and other sellers offering distinctive products across categories including furniture, home décor, jewelry, watches, fashion, art and collectibles.

The company’s marketplace is designed to support the discovery and purchase of vintage, antique, contemporary and custom items.