1stdibs.com (NASDAQ:DIBS) Stock Price Crosses Above 200-Day Moving Average – Time to Sell?

1stdibs.com, Inc. (NASDAQ:DIBS) passed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $4.85 and traded as high as $4.95. 1stdibs.com shares last traded at $4.94, with a volume of 105,541 shares.

Wall Street Analyst Weigh In

DIBS has been the subject of a number of research analyst reports. Weiss Ratings upgraded shares of 1stdibs.com from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, October 21st. Wall Street Zen downgraded shares of 1stdibs.com from a “buy” rating to a “hold” rating in a research note on Monday, October 19th. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, 1stdibs.com currently has an average rating of “Hold” and an average target price of $7.00.

1stdibs.com Stock Performance

The firm has a market capitalization of $166.08 million, a PE ratio of -22.45 and a beta of 0.72. The company has a fifty day simple moving average of $4.30 and a two-hundred day simple moving average of $4.85.

1stdibs.com (NASDAQ:DIBS) last announced 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 for the quarter, compared to analyst estimates of $22.23 million. 1stdibs.com had a negative return on equity of 8.97% and a negative net margin of 8.54%. On average, equities analysts anticipate that 1stdibs.com, Inc. will post -0.17 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Kanen Wealth Management LLC lifted its position 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 purchasing an additional 891,801 shares during the period. Arrowstreet Capital Limited Partnership raised its stake 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 buying an additional 18,911 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings 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 buying an additional 76,846 shares during the period. Squarepoint Ops LLC bought a new stake in 1stdibs.com during the 2nd quarter valued at $389,000. Finally, Bank of New York Mellon Corp purchased a new position in shares of 1stdibs.com in the 2nd quarter valued at $316,000. Hedge funds and other institutional investors own 66.97% of the company’s stock.

About 1stdibs.com

1stDibs.com, Inc operates a global online marketplace for luxury goods, connecting consumers with professional dealers, galleries, designers, and makers. The platform focuses on high-end and distinctive products across categories including furniture, home décor, jewelry, watches, fashion, art, and collectibles.

The company provides product discovery and transaction services through its website and digital platforms. Its offerings are intended to support the buying and selling of unique, design-oriented merchandise, with services that may include seller tools, customer support, authentication or verification processes for selected categories, and arrangements related to payments and shipping.

1stDibs was founded in 2000 and initially developed as an online destination for antiques and design merchandise.