1stdibs.com (NASDAQ:DIBS) Upgraded at Wall Street Zen

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

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

1stdibs.com Stock Up 3.5%

NASDAQ:DIBS opened at $3.80 on Friday. The company has a market capitalization of $127.76 million, a PE ratio of -17.27 and a beta of 0.72. 1stdibs.com has a 52-week low of $2.55 and a 52-week high of $6.62. The stock has a fifty day simple moving average of $4.40 and a 200-day simple moving average of $4.64.

1stdibs.com (NASDAQ:DIBS) last issued its quarterly earnings data on Wednesday, August 5th. The company reported ($0.03) EPS for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $23.32 million for the quarter, compared to analysts’ expectations of $22.23 million. As a group, equities analysts anticipate that 1stdibs.com will post -0.17 earnings per share for the current year.

Institutional Trading of 1stdibs.com

Several institutional investors and hedge funds have recently made changes to their positions in 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 acquiring an additional 891,801 shares during the period. 683 Capital Management LLC acquired a new position in shares of 1stdibs.com during the 4th quarter valued at $1,053,000. Squarepoint Ops LLC purchased a new stake in 1stdibs.com during the 2nd quarter worth $389,000. Dimensional Fund Advisors LP boosted its position in 1stdibs.com by 29.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 335,792 shares of the company’s stock worth $1,847,000 after purchasing an additional 76,846 shares during the period. Finally, Bank of New York Mellon Corp purchased a new stake in 1stdibs.com during the 2nd quarter worth $316,000. 66.97% of the stock is currently owned by hedge funds and other institutional investors.

About 1stdibs.com

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.