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

1stdibs.Com (NASDAQ:DIBS)‘s stock had its “sell (e+)” rating reiterated by equities research analysts at Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

Separately, Wall Street Zen lowered shares of 1stdibs.Com from a “hold” rating to a “sell” rating in a report on Thursday, May 22nd.

1stdibs.Com Stock Performance

Shares of NASDAQ:DIBS opened at $2.87 on Wednesday. The firm has a market cap of $102.41 million, a PE ratio of -6.83 and a beta of 1.03. The firm’s fifty day moving average is $2.53 and its 200-day moving average is $3.23. 1stdibs.Com has a 52 week low of $2.30 and a 52 week high of $5.67.

1stdibs.Com (NASDAQ:DIBS) last issued its quarterly earnings results on Wednesday, May 14th. The company reported ($0.14) EPS for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.01). The business 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%. Sell-side analysts forecast that 1stdibs.Com will post -0.52 EPS for the current year.

Hedge Funds Weigh In On 1stdibs.Com

Hedge funds and other institutional investors have recently bought and sold shares of the company. Intech Investment Management LLC acquired a new position in 1stdibs.Com in the fourth quarter valued at $36,000. Kovitz Investment Group Partners LLC acquired a new position in 1stdibs.Com in the first quarter valued at $42,000. Jane Street Group LLC bought a new stake in 1stdibs.Com in the first quarter valued at $45,000. Wells Fargo & Company MN increased its stake in 1stdibs.Com by 26.0% in the fourth quarter. Wells Fargo & Company MN now owns 14,256 shares of the company’s stock valued at $50,000 after purchasing an additional 2,939 shares in the last quarter. Finally, Virtu Financial LLC bought a new stake in 1stdibs.Com in the first quarter valued at $63,000. Institutional investors and hedge funds 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.