1stdibs.com (NASDAQ:DIBS) Upgraded to “Buy” 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 Saturday morning,Wall Street Zen reports.

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

1stdibs.com Stock Down 3.1%

Shares of DIBS stock opened at $4.04 on Friday. 1stdibs.com has a 12 month low of $2.50 and a 12 month high of $6.62. The firm has a market cap of $135.82 million, a PE ratio of -18.36 and a beta of 0.80. The stock has a 50 day moving average of $4.55 and a 200-day moving average of $4.83.

1stdibs.com (NASDAQ:DIBS) last posted its quarterly earnings results on Wednesday, August 5th. The company reported ($0.03) earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $23.32 million for the quarter, compared to analyst estimates of $22.23 million. As a group, equities analysts predict that 1stdibs.com will post -0.17 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DIBS. Kanen Wealth Management LLC raised its holdings 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 worth $11,378,000 after buying an additional 891,801 shares in the last quarter. Harspring Capital Management LLC grew its position in 1stdibs.com by 8.2% in the fourth quarter. Harspring Capital Management LLC now owns 660,000 shares of the company’s stock valued at $3,953,000 after acquiring an additional 50,000 shares during the period. Arrowstreet Capital Limited Partnership raised its stake in 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 acquiring an additional 18,911 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in 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 acquiring an additional 76,846 shares in the last quarter. Finally, 683 Capital Management LLC bought a new position in shares of 1stdibs.com during the fourth quarter valued at $1,053,000. Institutional investors own 66.97% of the company’s stock.

1stdibs.com Company Profile

1stDibs.com, Inc operates a global online marketplace for luxury design products and other high-end goods. Its platform connects consumers, interior designers, architects, and trade professionals with a network of dealers, galleries, and sellers offering merchandise across categories such as furniture, home décor, jewelry, watches, art, and fashion.

The company provides digital tools that enable sellers to display and market their inventory while helping buyers discover, evaluate, and purchase distinctive and often vintage or collectible products.