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

Weiss Ratings restated their sell (e+) rating on shares of 1stdibs.Com (NASDAQ:DIBS) in a report released on Friday,Weiss Ratings reports.

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

1stdibs.Com Stock Performance

NASDAQ:DIBS opened at $3.48 on Friday. The stock has a fifty day moving average price of $3.77 and a two-hundred day moving average price of $4.08. The stock has a market capitalization of $123.20 million, a price-to-earnings ratio of -8.29 and a beta of 0.96. 1stdibs.Com has a 1 year low of $3.37 and a 1 year high of $6.30.

1stdibs.Com (NASDAQ:DIBS) last released its quarterly earnings data on Friday, February 28th. The company reported ($0.14) earnings per share (EPS) 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 firm had revenue of $22.77 million during the quarter, compared to analysts’ expectations of $21.57 million. On average, analysts predict that 1stdibs.Com will post -0.52 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in DIBS. Intech Investment Management LLC acquired a new stake in shares of 1stdibs.Com during the fourth quarter valued at $36,000. Wells Fargo & Company MN boosted its stake in shares of 1stdibs.Com by 26.0% during the fourth quarter. Wells Fargo & Company MN now owns 14,256 shares of the company’s stock valued at $50,000 after acquiring an additional 2,939 shares during the last quarter. Pitcairn Co. acquired a new stake in shares of 1stdibs.Com during the third quarter valued at $65,000. XTX Topco Ltd acquired a new stake in shares of 1stdibs.Com during the fourth quarter valued at $84,000. Finally, Garden State Investment Advisory Services LLC acquired a new stake in shares of 1stdibs.Com during the third quarter valued at $93,000. Hedge funds and other 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.