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

Wall Street Zen downgraded shares of 1stdibs.com (NASDAQ:DIBS) from a buy rating to a hold rating in a research report report published on Saturday morning,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 note on Thursday, August 27th. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, 1stdibs.com has an average rating of “Hold” and an average target price of $7.00.

1stdibs.com Trading Down 0.8%

1stdibs.com stock opened at $4.81 on Friday. 1stdibs.com has a 12 month low of $2.50 and a 12 month high of $6.62. The stock has a fifty day simple moving average of $4.64 and a two-hundred day simple moving average of $4.89. The firm has a market cap of $161.69 million, a price-to-earnings ratio of -21.86 and a beta of 0.80.

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

Hedge Funds Weigh In On 1stdibs.com

Institutional investors and hedge funds have recently modified their holdings of the company. Public Employees Retirement System of Ohio bought a new stake in shares of 1stdibs.com in the second quarter worth $55,000. Bank of New York Mellon Corp bought a new position in 1stdibs.com in the second quarter valued at about $316,000. Kanen Wealth Management LLC boosted its position in 1stdibs.com by 75.8% in the first quarter. Kanen Wealth Management LLC now owns 2,068,723 shares of the company’s stock worth $11,378,000 after purchasing an additional 891,801 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its position 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 during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in 1stdibs.com by 29.7% in the first 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 last quarter. 66.97% of the stock is currently owned by hedge funds and other institutional investors.

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.