1stdibs.com (NASDAQ:DIBS) Raised to “Buy” at Wall Street Zen

1stdibs.com (NASDAQ:DIBS) was upgraded by investment analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday.

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of 1stdibs.com in a report on Wednesday, June 24th. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $7.00.

1stdibs.com Stock Performance

DIBS stock opened at $5.08 on Friday. 1stdibs.com has a 1-year low of $2.50 and a 1-year high of $6.62. The business’s 50 day moving average is $4.48 and its 200-day moving average is $5.01. The firm has a market cap of $170.79 million, a P/E ratio of -23.09 and a beta of 0.80.

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

Insider Activity

In other 1stdibs.com news, CEO David S. Rosenblatt purchased 47,500 shares of the stock in a transaction dated Tuesday, May 12th. The stock was bought at an average price of $4.51 per share, for a total transaction of $214,225.00. Following the transaction, the chief executive officer directly owned 712,802 shares in the company, valued at $3,214,737.02. This represents a 7.14% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 24.21% of the company’s stock.

Institutional Investors Weigh In On 1stdibs.com

Institutional investors and hedge funds have recently modified their holdings of the business. Bank of New York Mellon Corp bought a new stake in 1stdibs.com in the second quarter valued at about $316,000. Kanen Wealth Management LLC boosted its stake in 1stdibs.com by 75.8% during the 1st quarter. Kanen Wealth Management LLC now owns 2,068,723 shares of the company’s stock worth $11,378,000 after acquiring an additional 891,801 shares during the last quarter. Public Employees Retirement System of Ohio boosted its stake in 1stdibs.com by 62.7% during the 1st quarter. Public Employees Retirement System of Ohio now owns 9,085 shares of the company’s stock worth $50,000 after acquiring an additional 3,500 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in 1stdibs.com by 3.8% during the first quarter. Arrowstreet Capital Limited Partnership now owns 522,695 shares of the company’s stock valued at $2,875,000 after purchasing an additional 18,911 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in 1stdibs.com by 29.7% during the first quarter. Dimensional Fund Advisors LP now owns 335,792 shares of the company’s stock valued at $1,847,000 after purchasing an additional 76,846 shares during the period. 66.97% of the stock is owned by institutional investors.

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.