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

1stdibs.com (NASDAQ:DIBS)‘s stock had its “sell (e+)” rating reissued by research analysts at Weiss Ratings in a research note issued on Thursday,Weiss Ratings reports.

Separately, Wall Street Zen upgraded shares of 1stdibs.com from a “sell” rating to a “hold” rating in a research note on Sunday, August 10th.

1stdibs.com Stock Performance

Shares of DIBS opened at $2.63 on Thursday. 1stdibs.com has a one year low of $2.30 and a one year high of $5.00. The stock has a 50-day moving average price of $2.74 and a 200 day moving average price of $2.93. The company has a market capitalization of $95.34 million, a P/E ratio of -4.78 and a beta of 1.07.

1stdibs.com (NASDAQ:DIBS) last announced its earnings results on Wednesday, August 6th. The company reported ($0.12) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.17) by $0.05. The company had revenue of $22.14 million for the quarter, compared to analyst estimates of $22.19 million. 1stdibs.com had a negative return on equity of 20.13% and a negative net margin of 22.58%. As a group, equities research analysts forecast that 1stdibs.com will post -0.52 earnings per share for the current fiscal year.

Hedge Funds Weigh In On 1stdibs.com

Large investors have recently modified their holdings of the stock. Two Sigma Advisers LP grew its stake in 1stdibs.com by 2.0% in the fourth quarter. Two Sigma Advisers LP now owns 127,300 shares of the company’s stock worth $451,000 after purchasing an additional 2,500 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in 1stdibs.com by 26.0% during the 4th quarter. Wells Fargo & Company MN now owns 14,256 shares of the company’s stock worth $50,000 after buying an additional 2,939 shares during the last quarter. Barclays PLC lifted its holdings in 1stdibs.com by 17.6% during the 4th quarter. Barclays PLC now owns 40,192 shares of the company’s stock worth $142,000 after buying an additional 6,010 shares during the last quarter. Bank of America Corp DE grew its position in shares of 1stdibs.com by 31.8% in the 4th quarter. Bank of America Corp DE now owns 26,614 shares of the company’s stock worth $94,000 after acquiring an additional 6,424 shares in the last quarter. Finally, Marshall Wace LLP increased its holdings in shares of 1stdibs.com by 59.8% in the 2nd quarter. Marshall Wace LLP now owns 19,153 shares of the company’s stock valued at $53,000 after acquiring an additional 7,168 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.