Weiss Ratings Reaffirms “Sell (E+)” Rating for 1stdibs.com (NASDAQ:DIBS)

1stdibs.com (NASDAQ:DIBS)‘s stock had its “sell (e+)” rating reissued by investment analysts at Weiss Ratings in a research report issued to clients and investors on Saturday,Weiss Ratings reports.

Separately, Wall Street Zen upgraded shares of 1stdibs.com from a “sell” rating to a “hold” rating in a research note on Sunday, August 10th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, 1stdibs.com presently has an average rating of “Hold”.

1stdibs.com Price Performance

1stdibs.com stock opened at $2.78 on Friday. The stock’s 50 day moving average price is $2.71 and its 200 day moving average price is $2.73. 1stdibs.com has a 1-year low of $2.30 and a 1-year high of $4.85. The company has a market cap of $100.78 million, a PE ratio of -5.05 and a beta of 1.07.

1stdibs.com (NASDAQ:DIBS) last released its earnings results on Wednesday, August 6th. The company reported ($0.12) EPS for the quarter, beating analysts’ consensus estimates of ($0.17) by $0.05. The company had revenue of $22.14 million during the quarter, compared to the consensus estimate of $22.19 million. 1stdibs.com had a negative return on equity of 20.13% and a negative net margin of 22.58%. On average, equities research analysts anticipate that 1stdibs.com will post -0.52 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO David S. Rosenblatt sold 73,207 shares of the stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $2.80, for a total value of $204,979.60. Following the sale, the chief executive officer directly owned 1,845,898 shares of the company’s stock, valued at approximately $5,168,514.40. This represents a 3.81% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, General Counsel Melanie F. Goins sold 9,744 shares of the firm’s stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $2.80, for a total transaction of $27,283.20. Following the transaction, the general counsel owned 191,170 shares of the company’s stock, valued at $535,276. This trade represents a 4.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 102,342 shares of company stock worth $286,558 in the last three months. Corporate insiders own 23.48% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of DIBS. Truffle Hound Capital LLC acquired a new stake in 1stdibs.com during the 2nd quarter valued at $1,100,000. Y Intercept Hong Kong Ltd purchased a new stake in shares of 1stdibs.com in the second quarter valued at $254,000. Jane Street Group LLC boosted its stake in shares of 1stdibs.com by 380.8% during the second quarter. Jane Street Group LLC now owns 71,375 shares of the company’s stock valued at $196,000 after acquiring an additional 56,530 shares during the last quarter. Beck Mack & Oliver LLC increased its position in 1stdibs.com by 1.7% during the 1st quarter. Beck Mack & Oliver LLC now owns 3,344,426 shares of the company’s stock worth $10,167,000 after purchasing an additional 55,116 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in 1stdibs.com by 60.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 118,051 shares of the company’s stock valued at $359,000 after purchasing an additional 44,541 shares during the last quarter. 66.97% of the stock is currently owned by institutional investors and hedge funds.

About 1stdibs.com

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.