1stdibs.com (NASDAQ:DIBS) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of 1stdibs.com (NASDAQ:DIBS) from a hold rating to a buy rating in a research note released on Saturday,Wall Street Zen reports.

Separately, Weiss Ratings raised 1stdibs.com from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, September 16th. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, 1stdibs.com has an average rating of “Hold” and a consensus price target of $7.00.

1stdibs.com Stock Performance

Shares of DIBS opened at $4.07 on Friday. The stock has a market cap of $136.83 million, a PE ratio of -18.50 and a beta of 0.80. 1stdibs.com has a fifty-two week low of $2.50 and a fifty-two week high of $6.62. The firm’s 50-day simple moving average is $4.53 and its two-hundred day simple moving average is $4.81.

1stdibs.com (NASDAQ:DIBS) last released its earnings results on Wednesday, August 5th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.03. 1stdibs.com had a negative net margin of 8.54% and a negative return on equity of 8.97%. The firm had revenue of $23.32 million during the quarter, compared to analyst estimates of $22.23 million. Equities research analysts predict that 1stdibs.com will post -0.17 EPS for the current year.

Hedge Funds Weigh In On 1stdibs.com

A number of hedge funds have recently added to or reduced their stakes in the company. Larson Financial Group LLC boosted its stake in 1stdibs.com by 2,596.0% during the 4th quarter. Larson Financial Group LLC now owns 8,088 shares of the company’s stock valued at $48,000 after purchasing an additional 7,788 shares during the last quarter. Public Employees Retirement System of Ohio lifted its holdings in shares of 1stdibs.com by 62.7% during the first quarter. Public Employees Retirement System of Ohio now owns 9,085 shares of the company’s stock valued at $50,000 after purchasing an additional 3,500 shares in the last quarter. R Squared Ltd bought a new position in shares of 1stdibs.com during the first quarter valued at $69,000. Ritholtz Wealth Management boosted its position in shares of 1stdibs.com by 36.4% during the first quarter. Ritholtz Wealth Management now owns 33,936 shares of the company’s stock valued at $187,000 after buying an additional 9,056 shares during the last quarter. Finally, Bank of New York Mellon Corp purchased a new stake in shares of 1stdibs.com during the second quarter valued at $316,000. 66.97% of the stock is currently owned by hedge funds and other institutional investors.

1stdibs.com Company Profile

1stDibs.com, Inc operates a global online marketplace for luxury design products and other high-end goods. Its platform connects consumers, interior designers, architects, and trade professionals with a network of dealers, galleries, and sellers offering merchandise across categories such as furniture, home décor, jewelry, watches, art, and fashion.

The company provides digital tools that enable sellers to display and market their inventory while helping buyers discover, evaluate, and purchase distinctive and often vintage or collectible products.