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 report released on Thursday,Weiss Ratings reports.

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

1stdibs.com Stock Performance

Shares of 1stdibs.com stock opened at $2.57 on Thursday. The firm has a 50-day moving average of $2.74 and a 200-day moving average of $2.92. The stock has a market cap of $93.16 million, a PE ratio of -4.67 and a beta of 1.07. 1stdibs.com has a 52-week low of $2.30 and a 52-week high of $5.00.

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. 1stdibs.com had a negative net margin of 22.58% and a negative return on equity of 20.13%. The company had revenue of $22.14 million during the quarter, compared to analysts’ expectations of $22.19 million. Equities research analysts predict that 1stdibs.com will post -0.52 earnings per share for the current fiscal year.

Institutional Investors Weigh In On 1stdibs.com

Institutional investors and hedge funds have recently bought and sold shares of the company. Northern Trust Corp grew its position in 1stdibs.com by 8.9% in the fourth quarter. Northern Trust Corp now owns 253,583 shares of the company’s stock valued at $898,000 after acquiring an additional 20,805 shares during the last quarter. XTX Topco Ltd bought a new position in shares of 1stdibs.com in the fourth quarter worth about $84,000. Dimensional Fund Advisors LP lifted its holdings in shares of 1stdibs.com by 29.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 354,293 shares of the company’s stock worth $1,254,000 after acquiring an additional 80,693 shares during the last quarter. J. Goldman & Co LP bought a new position in shares of 1stdibs.com in the fourth quarter worth about $2,076,000. Finally, Marshall Wace LLP bought a new position in shares of 1stdibs.com in the fourth quarter worth about $234,000. Institutional investors own 66.97% of the company’s stock.

1stdibs.com Company Profile

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.