1stdibs.com (NASDAQ:DIBS) Stock Rating Raised to “Buy” 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 report report published on Sunday,Wall Street Zen reports.

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

1stdibs.com Stock Performance

1stdibs.com stock opened at $3.78 on Friday. The stock has a fifty day moving average of $4.42 and a two-hundred day moving average of $4.66. The company has a market capitalization of $127.08 million, a price-to-earnings ratio of -17.18 and a beta of 0.72. 1stdibs.com has a fifty-two week low of $2.53 and a fifty-two week high of $6.62.

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

Institutional Trading of 1stdibs.com

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Kanen Wealth Management LLC increased its stake in 1stdibs.com by 75.8% in the first quarter. Kanen Wealth Management LLC now owns 2,068,723 shares of the company’s stock valued at $11,378,000 after purchasing an additional 891,801 shares during the last quarter. Harspring Capital Management LLC lifted its position in 1stdibs.com by 8.2% during the fourth quarter. Harspring Capital Management LLC now owns 660,000 shares of the company’s stock worth $3,953,000 after buying an additional 50,000 shares during the period. Arrowstreet Capital Limited Partnership lifted its position in 1stdibs.com by 3.8% during the first quarter. Arrowstreet Capital Limited Partnership now owns 522,695 shares of the company’s stock worth $2,875,000 after buying an additional 18,911 shares during the period. Dimensional Fund Advisors LP boosted its stake in 1stdibs.com by 29.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 335,792 shares of the company’s stock worth $1,847,000 after buying an additional 76,846 shares during the last quarter. Finally, 683 Capital Management LLC acquired a new stake in 1stdibs.com in the 4th quarter worth about $1,053,000. 66.97% of the stock is owned by hedge funds and other institutional investors.

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.