1stdibs.Com’s (DIBS) “Sell (E+)” Rating Reaffirmed at Weiss Ratings

Weiss Ratings reaffirmed their sell (e+) rating on shares of 1stdibs.Com (NASDAQ:DIBS) in a research note issued to investors on Saturday morning,Weiss Ratings reports.

1stdibs.Com Stock Performance

Shares of NASDAQ DIBS opened at $2.70 on Friday. 1stdibs.Com has a 52-week low of $2.30 and a 52-week high of $6.20. The firm has a market capitalization of $96.37 million, a price-to-earnings ratio of -6.43 and a beta of 1.03. The stock has a 50 day moving average price of $2.76 and a 200 day moving average price of $3.46.

1stdibs.Com (NASDAQ:DIBS) last issued its earnings results on Wednesday, May 14th. The company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($0.01). The firm had revenue of $22.55 million during the quarter, compared to analysts’ expectations of $22.28 million. 1stdibs.Com had a negative return on equity of 13.55% and a negative net margin of 18.94%. Analysts forecast that 1stdibs.Com will post -0.52 earnings per share for the current year.

Institutional Investors Weigh In On 1stdibs.Com

Several hedge funds have recently modified their holdings of DIBS. Two Sigma Advisers LP raised its stake in 1stdibs.Com by 2.0% in the fourth quarter. Two Sigma Advisers LP now owns 127,300 shares of the company’s stock worth $451,000 after buying an additional 2,500 shares in the last quarter. Wells Fargo & Company MN grew its stake in 1stdibs.Com by 26.0% in the fourth quarter. Wells Fargo & Company MN now owns 14,256 shares of the company’s stock valued at $50,000 after purchasing an additional 2,939 shares during the last quarter. Barclays PLC raised its holdings in 1stdibs.Com by 17.6% in the fourth quarter. Barclays PLC now owns 40,192 shares of the company’s stock worth $142,000 after purchasing an additional 6,010 shares in the last quarter. Bank of America Corp DE boosted its holdings in shares of 1stdibs.Com by 31.8% in the 4th quarter. Bank of America Corp DE now owns 26,614 shares of the company’s stock valued at $94,000 after buying an additional 6,424 shares in the last quarter. Finally, Intech Investment Management LLC purchased a new position in shares of 1stdibs.Com in the 4th quarter worth approximately $36,000. Hedge funds and other institutional investors own 66.97% of the company’s stock.

1stdibs.Com Company Profile

1stdibs.Com, Inc operates an online marketplace for luxury design products worldwide. Its marketplace connects customers with sellers and makers of vintage, antique, and contemporary furniture; and home décor, jewelry, watches, art, and fashion products. The company was incorporated in 2000 and is headquartered in New York, New York.