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

Wall Street Zen lowered shares of 1stdibs.com (NASDAQ:DIBS) from a buy rating to a hold rating in a research note issued to investors on Monday,Wall Street Zen reports.

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

1stdibs.com Stock Up 0.2%

Shares of DIBS opened at $4.31 on Monday. The company has a market cap of $144.88 million, a price-to-earnings ratio of -19.59 and a beta of 0.72. 1stdibs.com has a twelve month low of $2.85 and a twelve month high of $6.62. The company has a 50 day moving average of $4.33 and a two-hundred day moving average of $4.59.

1stdibs.com (NASDAQ:DIBS) last released its quarterly 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. The business had revenue of $23.32 million for the quarter, compared to analyst estimates of $22.23 million. 1stdibs.com had a negative net margin of 8.54% and a negative return on equity of 8.97%. On average, sell-side analysts expect that 1stdibs.com will post -0.17 EPS for the current year.

Institutional Trading of 1stdibs.com

A number of institutional investors have recently bought and sold shares of the stock. Squarepoint Ops LLC acquired a new position in 1stdibs.com during the 2nd quarter valued at approximately $389,000. Public Employees Retirement System of Ohio acquired a new stake in shares of 1stdibs.com during the second quarter worth $55,000. Bank of New York Mellon Corp acquired a new stake in shares of 1stdibs.com during the second quarter worth $316,000. Kanen Wealth Management LLC lifted its stake in shares of 1stdibs.com by 75.8% during the first quarter. Kanen Wealth Management LLC now owns 2,068,723 shares of the company’s stock worth $11,378,000 after buying an additional 891,801 shares during the period. Finally, Arrowstreet Capital Limited Partnership grew its holdings in shares of 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 buying an additional 18,911 shares during the last quarter. 66.97% of the stock is currently owned by institutional investors and hedge funds.

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.