Wall Street Zen cut shares of 1stdibs.com (NASDAQ:DIBS – Free Report) from a buy rating to a hold rating in a report issued on Saturday,Wall Street Zen reports.
Separately, Weiss Ratings raised 1stdibs.com from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, September 16th. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $7.00.
Read Our Latest Stock Report on 1stdibs.com
1stdibs.com Price Performance
1stdibs.com (NASDAQ:DIBS – Get Free Report) last announced its earnings results on Wednesday, August 5th. The company reported ($0.03) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.03. 1stdibs.com had a negative net margin of 8.54% and a negative return on equity of 8.97%. The business had revenue of $23.32 million during the quarter, compared to the consensus estimate of $22.23 million. On average, equities research analysts expect that 1stdibs.com will post -0.17 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of the company. Kanen Wealth Management LLC grew its holdings in shares of 1stdibs.com by 75.8% during the first quarter. Kanen Wealth Management LLC now owns 2,068,723 shares of the company’s stock valued at $11,378,000 after buying an additional 891,801 shares during the last quarter. Harspring Capital Management LLC raised its holdings in 1stdibs.com by 8.2% in the 4th quarter. Harspring Capital Management LLC now owns 660,000 shares of the company’s stock worth $3,953,000 after acquiring an additional 50,000 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its position in 1stdibs.com by 3.8% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 522,695 shares of the company’s stock valued at $2,875,000 after acquiring an additional 18,911 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in 1stdibs.com by 29.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 335,792 shares of the company’s stock valued at $1,847,000 after purchasing an additional 76,846 shares during the last quarter. Finally, 683 Capital Management LLC purchased a new stake in 1stdibs.com during the 4th quarter valued at $1,053,000. 66.97% of the stock is owned by hedge funds and other institutional investors.
1stdibs.com Company Profile
1stDibs.com, Inc operates a global online marketplace for luxury design products and other high-end goods. Its platform connects consumers, interior designers, architects, and trade professionals with a network of dealers, galleries, and sellers offering merchandise across categories such as furniture, home décor, jewelry, watches, art, and fashion.
The company provides digital tools that enable sellers to display and market their inventory while helping buyers discover, evaluate, and purchase distinctive and often vintage or collectible products.
See Also
- Five stocks we like better than 1stdibs.com
- Carnival and CarMax Pop on Strong Earnings, but Challenges Remain
- 3 Income Stocks Under $30 That Yield More Than the 10-Year Treasury Note
- 3 AI Winners, 3 Very Different Paths to Higher Margins
- Plexus Is Booming—But Can the Growth Story Last?
Receive News & Ratings for 1stdibs.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for 1stdibs.com and related companies with MarketBeat.com's FREE daily email newsletter.
