1stdibs.com (NASDAQ:DIBS) Stock Rating Upgraded by Wall Street Zen

1stdibs.com (NASDAQ:DIBS) was upgraded by investment analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued to investors on Sunday, Wall Street Zen reports.

Separately, Weiss Ratings lowered shares of 1stdibs.com from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, October 2nd. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, 1stdibs.com currently has a consensus rating of “Hold” and an average price target of $7.00.

1stdibs.com Trading Down 2.9%

Shares of NASDAQ:DIBS opened at $3.67 on Friday. The firm has a market capitalization of $123.39 million, a PE ratio of -16.68 and a beta of 0.72. 1stdibs.com has a 1-year low of $2.55 and a 1-year high of $6.62. The business’s 50 day moving average is $4.41 and its 200-day moving average is $4.65.

1stdibs.com (NASDAQ:DIBS) last issued its earnings results on Wednesday, August 5th. The company reported ($0.03) EPS for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.03. The business had revenue of $23.32 million during the quarter, compared to analyst estimates of $22.23 million. 1stdibs.com had a negative return on equity of 8.97% and a negative net margin of 8.54%. On average, sell-side analysts predict that 1stdibs.com will post -0.17 EPS for the current year.

Institutional Investors Weigh In On 1stdibs.com

A number of institutional investors have recently added to or reduced their stakes in DIBS. Squarepoint Ops LLC acquired a new position in shares of 1stdibs.com in the 2nd quarter worth approximately $389,000. Public Employees Retirement System of Ohio acquired a new stake in 1stdibs.com in the 2nd quarter valued at $55,000. Bank of New York Mellon Corp acquired a new stake in 1stdibs.com in the 2nd quarter valued at $316,000. Kanen Wealth Management LLC grew its position in 1stdibs.com by 75.8% in the first quarter. Kanen Wealth Management LLC now owns 2,068,723 shares of the company’s stock valued at $11,378,000 after acquiring an additional 891,801 shares during the period. Finally, Arrowstreet Capital Limited Partnership grew its position in 1stdibs.com by 3.8% in the first 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 during the period. 66.97% of the stock is owned by institutional investors and hedge funds.

About 1stdibs.com

1stDibs.com, Inc operates a curated online marketplace for luxury and design-focused goods. The platform connects consumers, interior designers, architects and trade professionals with independent dealers, galleries and other sellers offering distinctive products across categories including furniture, home décor, jewelry, watches, fashion, art and collectibles.

The company’s marketplace is designed to support the discovery and purchase of vintage, antique, contemporary and custom items.