1stdibs.Com (NASDAQ:DIBS) Receives “Sell (D-)” Rating from Weiss Ratings

Weiss Ratings reaffirmed their sell (d-) rating on shares of 1stdibs.Com (NASDAQ:DIBS) in a research report sent to investors on Saturday,Weiss Ratings reports.

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

1stdibs.Com Trading Down 2.3 %

NASDAQ:DIBS opened at $2.96 on Friday. The company has a market capitalization of $104.79 million, a P/E ratio of -7.05 and a beta of 0.96. 1stdibs.Com has a 12 month low of $2.82 and a 12 month high of $6.25. The business’s 50-day moving average is $3.67 and its 200 day moving average is $3.96.

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

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of DIBS. Pitcairn Co. bought a new position in shares of 1stdibs.Com during the third quarter valued at approximately $65,000. Garden State Investment Advisory Services LLC bought a new position in shares of 1stdibs.Com during the third quarter valued at approximately $93,000. Harspring Capital Management LLC grew its stake in shares of 1stdibs.Com by 83.2% during the third quarter. Harspring Capital Management LLC now owns 440,377 shares of the company’s stock valued at $1,942,000 after buying an additional 199,951 shares during the last quarter. Portolan Capital Management LLC grew its stake in shares of 1stdibs.Com by 7.1% during the third quarter. Portolan Capital Management LLC now owns 707,652 shares of the company’s stock valued at $3,121,000 after buying an additional 46,699 shares during the last quarter. Finally, State Street Corp grew its stake in shares of 1stdibs.Com by 2.1% during the third quarter. State Street Corp now owns 294,330 shares of the company’s stock valued at $1,298,000 after buying an additional 5,985 shares during the last quarter. Institutional investors own 66.97% of the company’s stock.

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.