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 research report sent to investors on Saturday.

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of 1stdibs.com in a research note on Wednesday, June 24th. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $7.00.

1stdibs.com Stock Down 10.2%

Shares of 1stdibs.com stock opened at $4.56 on Friday. 1stdibs.com has a 12-month low of $2.50 and a 12-month high of $6.62. The stock has a market capitalization of $153.31 million, a P/E ratio of -20.73 and a beta of 0.80. The company has a 50-day simple moving average of $4.49 and a 200 day simple moving average of $5.00.

1stdibs.com (NASDAQ:DIBS) last released its quarterly earnings results on Wednesday, August 5th. The company reported ($0.03) EPS for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.03. The firm had revenue of $23.32 million for 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%. On average, equities analysts anticipate that 1stdibs.com will post -0.17 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Bank of New York Mellon Corp bought a new stake in 1stdibs.com during the 2nd quarter worth about $316,000. Kanen Wealth Management LLC raised its stake in shares of 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 acquiring an additional 891,801 shares during the last quarter. Public Employees Retirement System of Ohio raised its stake in shares of 1stdibs.com by 62.7% in the first quarter. Public Employees Retirement System of Ohio now owns 9,085 shares of the company’s stock worth $50,000 after acquiring an additional 3,500 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its position in shares of 1stdibs.com by 3.8% during 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. Finally, Dimensional Fund Advisors LP lifted its position in shares of 1stdibs.com by 29.7% during 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 in the last quarter. 66.97% of the stock is owned by 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.