1stdibs.com (NASDAQ:DIBS) Downgraded by Wall Street Zen to Hold

Wall Street Zen cut shares of 1stdibs.com (NASDAQ:DIBS) from a buy rating to a hold rating in a research note issued to investors on Monday,Wall Street Zen reports.

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

1stdibs.com Stock Performance

Shares of NASDAQ DIBS opened at $4.25 on Monday. The company has a market cap of $142.88 million, a P/E ratio of -19.32 and a beta of 0.72. The firm’s fifty day moving average is $4.34 and its two-hundred day moving average is $4.60. 1stdibs.com has a 52-week low of $2.74 and a 52-week high of $6.62.

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

Hedge Funds Weigh In On 1stdibs.com

Institutional investors have recently bought and sold shares of the business. Public Employees Retirement System of Ohio increased its holdings in shares of 1stdibs.com by 62.7% in the 1st quarter. Public Employees Retirement System of Ohio now owns 9,085 shares of the company’s stock worth $50,000 after buying an additional 3,500 shares during the last quarter. R Squared Ltd bought a new position in shares of 1stdibs.com in the 1st quarter valued at about $69,000. Ritholtz Wealth Management lifted its holdings in shares of 1stdibs.com by 36.4% in the 1st quarter. Ritholtz Wealth Management now owns 33,936 shares of the company’s stock valued at $187,000 after acquiring an additional 9,056 shares during the last quarter. Bank of New York Mellon Corp bought a new position in shares of 1stdibs.com in the 2nd quarter valued at about $316,000. Finally, Squarepoint Ops LLC purchased a new position in 1stdibs.com in the second quarter worth about $389,000. Institutional investors own 66.97% of the company’s stock.

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.