1stdibs.com (NASDAQ:DIBS) Lowered to Sell Rating by Wall Street Zen

1stdibs.com (NASDAQ:DIBS) was downgraded by investment analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a report issued on Sunday.

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of 1stdibs.com in a research report on Friday, June 27th.

1stdibs.com Price Performance

Shares of 1stdibs.com stock opened at $2.77 on Friday. The business has a 50-day moving average price of $2.66 and a 200 day moving average price of $3.08. 1stdibs.com has a fifty-two week low of $2.30 and a fifty-two week high of $5.00. The firm has a market cap of $98.83 million, a P/E ratio of -5.04 and a beta of 1.07.

1stdibs.com (NASDAQ:DIBS) last posted its quarterly earnings results on Wednesday, May 14th. The company reported ($0.14) EPS for the quarter, missing the consensus estimate of ($0.13) by ($0.01). 1stdibs.com had a negative net margin of 22.69% and a negative return on equity of 19.49%. The business had revenue of $22.55 million during the quarter, compared to analyst estimates of $22.28 million. As a group, equities research analysts anticipate that 1stdibs.com will post -0.52 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of DIBS. J. Goldman & Co LP acquired a new position in shares of 1stdibs.com in the fourth quarter worth about $2,076,000. Landscape Capital Management L.L.C. purchased a new stake in shares of 1stdibs.com in the 4th quarter valued at approximately $1,007,000. FIL Ltd boosted its stake in 1stdibs.com by 11.9% in the 4th quarter. FIL Ltd now owns 1,450,000 shares of the company’s stock worth $5,133,000 after purchasing an additional 154,423 shares during the period. Dimensional Fund Advisors LP grew its position in 1stdibs.com by 29.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 354,293 shares of the company’s stock worth $1,254,000 after purchasing an additional 80,693 shares in the last quarter. Finally, Beck Mack & Oliver LLC raised its stake in 1stdibs.com by 2.3% during the 4th quarter. Beck Mack & Oliver LLC now owns 3,289,310 shares of the company’s stock valued at $11,644,000 after purchasing an additional 73,991 shares during the period. Institutional investors own 66.97% of the company’s stock.

1stdibs.com Company Profile

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.