1stdibs.com (NASDAQ:DIBS) Stock Rating Upgraded by Wall Street Zen

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

Separately, Weiss Ratings upgraded 1stdibs.com from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $7.00.

1stdibs.com Price Performance

Shares of NASDAQ DIBS opened at $4.04 on Friday. The business’s 50 day moving average is $4.55 and its two-hundred day moving average is $4.82. The company has a market cap of $135.82 million, a P/E ratio of -18.36 and a beta of 0.80. 1stdibs.com has a 12 month low of $2.50 and a 12 month high of $6.62.

1stdibs.com (NASDAQ:DIBS) last posted its quarterly earnings data on Wednesday, August 5th. The company reported ($0.03) earnings per share for the quarter, beating the consensus estimate of ($0.06) by $0.03. The company had revenue of $23.32 million during the quarter, compared to analysts’ expectations 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 expect that 1stdibs.com will post -0.17 earnings per share for the current fiscal year.

Hedge Funds Weigh In On 1stdibs.com

A number of hedge funds and other institutional investors have recently made changes to their positions in DIBS. Larson Financial Group LLC increased its stake in 1stdibs.com by 2,596.0% in the fourth quarter. Larson Financial Group LLC now owns 8,088 shares of the company’s stock valued at $48,000 after acquiring an additional 7,788 shares during the period. Public Employees Retirement System of Ohio boosted its holdings in 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 acquired a new position in shares of 1stdibs.com in the 1st quarter worth approximately $69,000. Ritholtz Wealth Management lifted its position in shares of 1stdibs.com by 36.4% during the 1st quarter. Ritholtz Wealth Management now owns 33,936 shares of the company’s stock worth $187,000 after buying an additional 9,056 shares during the period. Finally, Bank of New York Mellon Corp acquired a new stake in 1stdibs.com in the 2nd quarter valued at $316,000. 66.97% of the stock is owned by 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.