1stdibs.com (NASDAQ:DIBS) Rating Lowered to “Hold” at Wall Street Zen

1stdibs.com (NASDAQ:DIBS) was downgraded by stock analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report issued on Saturday.

A number of other equities research analysts also recently issued reports on the stock. Northland Capmk upgraded shares of 1stdibs.com to a “hold” rating in a report on Monday, December 29th. Northland Securities started coverage on shares of 1stdibs.com in a report on Monday, December 29th. They issued a “market perform” rating and a $7.00 price target on the stock. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of 1stdibs.com in a report on Monday, December 29th. Two equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce” and an average target price of $7.00.

1stdibs.com Trading Down 1.5%

1stdibs.com stock opened at $5.90 on Friday. The firm has a market capitalization of $216.00 million, a P/E ratio of -11.80 and a beta of 1.05. The stock has a fifty day moving average price of $5.25 and a 200 day moving average price of $3.62. 1stdibs.com has a 52 week low of $2.30 and a 52 week high of $6.62.

1stdibs.com (NASDAQ:DIBS) last issued its quarterly earnings results on Friday, November 7th. The company reported ($0.10) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.03. 1stdibs.com had a negative return on equity of 18.56% and a negative net margin of 19.94%.The firm had revenue of $21.97 million for the quarter, compared to analyst estimates of $21.51 million. As a group, equities analysts predict that 1stdibs.com will post -0.52 EPS for the current year.

Insider Transactions at 1stdibs.com

In related news, CEO David S. Rosenblatt sold 73,207 shares of the company’s stock in a transaction on Monday, December 8th. The shares were sold at an average price of $5.96, for a total transaction of $436,313.72. Following the completion of the sale, the chief executive officer directly owned 1,976,786 shares of the company’s stock, valued at approximately $11,781,644.56. This represents a 3.57% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Thomas J. Etergino sold 27,066 shares of the stock in a transaction on Monday, December 8th. The shares were sold at an average price of $5.96, for a total value of $161,313.36. Following the completion of the sale, the chief financial officer owned 266,885 shares of the company’s stock, valued at approximately $1,590,634.60. This represents a 9.21% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 706,640 shares of company stock valued at $3,693,863 over the last 90 days. Corporate insiders own 23.48% of the company’s stock.

Institutional Investors Weigh In On 1stdibs.com

Several institutional investors and hedge funds have recently modified their holdings of DIBS. Joel Isaacson & Co. LLC raised its holdings in shares of 1stdibs.com by 29.4% during the 3rd quarter. Joel Isaacson & Co. LLC now owns 695,379 shares of the company’s stock valued at $1,801,000 after buying an additional 158,169 shares during the period. Harspring Capital Management LLC grew its position in 1stdibs.com by 22.0% in the third quarter. Harspring Capital Management LLC now owns 610,000 shares of the company’s stock valued at $1,580,000 after acquiring an additional 110,000 shares in the last quarter. Truffle Hound Capital LLC raised its stake in shares of 1stdibs.com by 50.0% during the third quarter. Truffle Hound Capital LLC now owns 600,000 shares of the company’s stock valued at $1,554,000 after purchasing an additional 200,000 shares during the period. Acadian Asset Management LLC lifted its position in shares of 1stdibs.com by 5.6% during the first quarter. Acadian Asset Management LLC now owns 286,063 shares of the company’s stock worth $867,000 after purchasing an additional 15,206 shares in the last quarter. Finally, Topline Capital Management LLC lifted its position in shares of 1stdibs.com by 341.6% during the third quarter. Topline Capital Management LLC now owns 192,115 shares of the company’s stock worth $498,000 after purchasing an additional 148,611 shares in the last quarter. Hedge funds and other institutional investors own 66.97% of the company’s stock.

About 1stdibs.com

1stDibs.com is an online marketplace specializing in high-end furniture, fine art, jewelry, watches, fashion and decor. The platform curates offerings from independent dealers, galleries and luxury brands, enabling vetted sellers to reach discerning buyers around the world. Headquartered in New York with an additional office in Paris, 1stDibs has built a reputation for quality and authenticity through rigorous seller screening and detailed item vetting.

Launched in 2001 by founder Michael Bruno, the company has grown into a leading destination for both private collectors and interior design professionals.