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

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

1stdibs.Com Price Performance

DIBS opened at $2.70 on Friday. 1stdibs.Com has a 12 month low of $2.30 and a 12 month high of $6.20. The business has a 50-day moving average of $2.76 and a two-hundred day moving average of $3.46. The stock has a market capitalization of $96.37 million, a price-to-earnings ratio of -6.43 and a beta of 1.03.

1stdibs.Com (NASDAQ:DIBS) last issued 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). The company had revenue of $22.55 million for the quarter, compared to analyst estimates of $22.28 million. 1stdibs.Com had a negative return on equity of 13.55% and a negative net margin of 18.94%. Equities research analysts anticipate that 1stdibs.Com will post -0.52 earnings per share for the current year.

Hedge Funds Weigh In On 1stdibs.Com

A number of large investors have recently modified their holdings of DIBS. Barclays PLC increased its position in 1stdibs.Com by 286.6% during the 3rd quarter. Barclays PLC now owns 34,182 shares of the company’s stock worth $150,000 after purchasing an additional 25,341 shares in the last quarter. Landscape Capital Management L.L.C. acquired a new stake in 1stdibs.Com in the 4th quarter valued at $1,007,000. FIL Ltd raised its position in 1stdibs.Com by 11.9% in the fourth quarter. FIL Ltd now owns 1,450,000 shares of the company’s stock valued at $5,133,000 after purchasing an additional 154,423 shares during the period. JPMorgan Chase & Co. boosted its position in shares of 1stdibs.Com by 151.6% in the third quarter. JPMorgan Chase & Co. now owns 106,407 shares of the company’s stock worth $469,000 after buying an additional 64,107 shares during the period. Finally, XTX Topco Ltd purchased a new position in 1stdibs.Com in the 4th quarter worth approximately $84,000. 66.97% of the stock is currently 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.