Weiss Ratings Reiterates “Sell (E+)” Rating for 1stdibs.Com (NASDAQ:DIBS)

1stdibs.Com (NASDAQ:DIBS)‘s stock had its “sell (e+)” rating reiterated by analysts at Weiss Ratings in a research report issued to clients and investors on Tuesday,Weiss Ratings reports.

Separately, JMP Securities reissued a “market perform” rating on shares of 1stdibs.Com in a report on Monday, December 16th.

1stdibs.Com Trading Down 6.2 %

DIBS opened at $2.42 on Tuesday. The company has a market cap of $86.38 million, a PE ratio of -5.76 and a beta of 1.01. 1stdibs.Com has a 12 month low of $2.39 and a 12 month high of $6.20. The company has a 50 day moving average of $3.47 and a 200 day moving average of $3.79.

1stdibs.Com (NASDAQ:DIBS) last issued its quarterly earnings data on Friday, February 28th. The company reported ($0.14) EPS for the quarter, topping the consensus estimate of ($0.17) by $0.03. The company had revenue of $22.77 million during the quarter, compared to analyst estimates of $21.57 million. 1stdibs.Com had a negative return on equity of 13.55% and a negative net margin of 18.94%. Research analysts forecast that 1stdibs.Com will post -0.52 earnings per share for the current fiscal year.

Hedge Funds Weigh In On 1stdibs.Com

Hedge funds have recently made changes to their positions in the business. Intech Investment Management LLC bought a new stake in 1stdibs.Com in the fourth quarter valued at $36,000. Wells Fargo & Company MN lifted its position in shares of 1stdibs.Com by 26.0% in the 4th quarter. Wells Fargo & Company MN now owns 14,256 shares of the company’s stock worth $50,000 after purchasing an additional 2,939 shares during the period. XTX Topco Ltd bought a new stake in shares of 1stdibs.Com during the 4th quarter valued at about $84,000. Garden State Investment Advisory Services LLC purchased a new position in shares of 1stdibs.Com during the third quarter valued at about $93,000. Finally, Bank of America Corp DE increased its position in shares of 1stdibs.Com by 31.8% during the fourth quarter. Bank of America Corp DE now owns 26,614 shares of the company’s stock valued at $94,000 after buying an additional 6,424 shares during the period. 66.97% of the stock is owned by hedge funds and other institutional investors.

About 1stdibs.Com

1stdibs.Com, Inc operates an online marketplace for luxury design products worldwide. Its marketplace connects customers with sellers and makers of vintage, antique, and contemporary furniture; and home décor, jewelry, watches, art, and fashion products. The company was incorporated in 2000 and is headquartered in New York, New York.