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

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

Separately, Weiss Ratings cut 1stdibs.com from a “sell (d-)” rating to a “sell (e+)” rating in a report on Thursday, August 27th. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $7.00.

1stdibs.com Stock Performance

NASDAQ DIBS opened at $4.81 on Friday. 1stdibs.com has a 52-week low of $2.50 and a 52-week high of $6.62. The company has a market capitalization of $161.71 million, a P/E ratio of -21.86 and a beta of 0.80. The company has a fifty day moving average of $4.63 and a 200-day moving average of $4.88.

1stdibs.com (NASDAQ:DIBS) last announced its earnings results on Wednesday, August 5th. The company reported ($0.03) earnings per share (EPS) for the quarter, topping 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 company had revenue of $23.32 million during the quarter, compared to analyst estimates of $22.23 million. As a group, analysts forecast that 1stdibs.com will post -0.17 EPS for the current fiscal year.

Institutional Trading of 1stdibs.com

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio purchased a new stake in shares of 1stdibs.com during the second quarter valued at approximately $55,000. Bank of New York Mellon Corp purchased a new position in shares of 1stdibs.com in the second quarter worth $316,000. Kanen Wealth Management LLC raised its holdings 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 valued at $11,378,000 after buying an additional 891,801 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in 1stdibs.com by 3.8% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 522,695 shares of the company’s stock valued at $2,875,000 after buying an additional 18,911 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in 1stdibs.com by 29.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 335,792 shares of the company’s stock valued at $1,847,000 after buying an additional 76,846 shares during the period. 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.