1stdibs.com (NASDAQ:DIBS) Stock Rating Upgraded by Northland Securities

1stdibs.com (NASDAQ:DIBS) was upgraded by Northland Securities from a “market perform” rating to an “outperform” rating in a research note issued to investors on Tuesday, Marketbeat.com reports. The firm currently has a $7.00 price objective on the stock. Northland Securities’ price target indicates a potential upside of 22.81% from the stock’s current price.

A number of other research analysts have also weighed in on DIBS. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of 1stdibs.com in a research note on Monday, December 29th. Wall Street Zen cut 1stdibs.com from a “buy” rating to a “hold” rating in a report on Saturday, January 3rd. One research 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 currently has a consensus rating of “Hold” and a consensus price target of $7.00.

1stdibs.com Stock Performance

1stdibs.com stock opened at $5.70 on Tuesday. The stock has a market capitalization of $206.28 million, a P/E ratio of -14.62 and a beta of 1.06. The company’s fifty day moving average price is $5.62 and its 200 day moving average price is $4.47. 1stdibs.com has a 1 year low of $2.30 and a 1 year high of $6.62.

1stdibs.com (NASDAQ:DIBS) last posted its quarterly earnings data on Friday, February 27th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.04) by $0.01. 1stdibs.com had a negative net margin of 15.25% and a negative return on equity of 14.44%. The business had revenue of $22.97 million for the quarter, compared to the consensus estimate of $23.10 million. Sell-side analysts predict that 1stdibs.com will post -0.52 EPS for the current year.

Insider Activity

In related news, General Counsel Melanie F. Goins sold 11,296 shares of the stock in a transaction that occurred on Monday, December 8th. The stock was sold at an average price of $5.96, for a total value of $67,324.16. Following the completion of the sale, the general counsel owned 213,068 shares of the company’s stock, valued at approximately $1,269,885.28. This trade represents a 5.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO David S. Rosenblatt sold 73,207 shares of 1stdibs.com stock in a transaction that occurred on Monday, December 8th. The stock was sold at an average price of $5.96, for a total value of $436,313.72. Following the transaction, the chief executive officer owned 1,976,786 shares in the company, valued at approximately $11,781,644.56. The trade was a 3.57% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 111,569 shares of company stock worth $664,951 over the last ninety days. Corporate insiders own 19.60% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Kanen Wealth Management LLC acquired a new stake in 1stdibs.com during the fourth quarter worth about $7,018,000. Truffle Hound Capital LLC acquired a new position in 1stdibs.com in the 2nd quarter valued at about $1,100,000. Joel Isaacson & Co. LLC grew its stake in shares of 1stdibs.com by 53.5% in the 4th quarter. Joel Isaacson & Co. LLC now owns 1,067,746 shares of the company’s stock valued at $6,396,000 after buying an additional 372,367 shares during the period. Jane Street Group LLC increased its holdings in shares of 1stdibs.com by 391.9% during the 4th quarter. Jane Street Group LLC now owns 281,587 shares of the company’s stock worth $1,687,000 after buying an additional 224,341 shares during the last quarter. Finally, 683 Capital Management LLC acquired a new stake in shares of 1stdibs.com during the 4th quarter worth approximately $1,053,000. Institutional investors and hedge funds 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.