Wall Street Zen Upgrades 1stdibs.com (NASDAQ:DIBS) to Buy

1stdibs.com (NASDAQ:DIBS) was upgraded by research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued on Saturday.

Several other analysts have also commented on DIBS. Northland Securities upgraded shares of 1stdibs.com from a “market perform” rating to an “outperform” rating and set a $7.00 price target on the stock in a research report on Tuesday, March 3rd. Weiss Ratings restated a “sell (d-)” rating on shares of 1stdibs.com in a report on Monday, December 29th. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $7.00.

1stdibs.com Trading Down 2.4%

Shares of 1stdibs.com stock opened at $5.60 on Friday. The company has a 50-day moving average of $5.61 and a two-hundred day moving average of $4.52. 1stdibs.com has a 12-month low of $2.30 and a 12-month high of $6.62. The stock has a market cap of $202.66 million, a PE ratio of -14.36 and a beta of 1.06.

1stdibs.com (NASDAQ:DIBS) last announced its quarterly earnings results on Friday, February 27th. The company reported ($0.03) EPS for the quarter, topping the consensus estimate of ($0.04) by $0.01. 1stdibs.com had a negative return on equity of 14.44% and a negative net margin of 15.25%.The business had revenue of $22.97 million for the quarter, compared to analyst estimates of $23.10 million. On average, sell-side analysts forecast that 1stdibs.com will post -0.52 EPS for the current fiscal year.

Institutional Investors Weigh In On 1stdibs.com

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Truffle Hound Capital LLC acquired a new position in shares of 1stdibs.com in the 2nd quarter worth $1,100,000. Y Intercept Hong Kong Ltd acquired a new stake in shares of 1stdibs.com during the second quarter worth $254,000. Catalyst Funds Management Pty Ltd purchased a new stake in shares of 1stdibs.com during the second quarter valued at $30,000. Joel Isaacson & Co. LLC boosted its position in shares of 1stdibs.com by 29.4% in the 3rd quarter. Joel Isaacson & Co. LLC now owns 695,379 shares of the company’s stock valued at $1,801,000 after purchasing an additional 158,169 shares during the period. Finally, Quadrature Capital Ltd acquired a new position in shares of 1stdibs.com in the 2nd quarter valued at $42,000. Institutional investors and hedge funds own 66.97% of the company’s stock.

1stdibs.com Company Profile

1stDibs.com is an online marketplace specializing in high-end furniture, fine art, jewelry, watches, fashion and decor. The platform curates offerings from independent dealers, galleries and luxury brands, enabling vetted sellers to reach discerning buyers around the world. Headquartered in New York with an additional office in Paris, 1stDibs has built a reputation for quality and authenticity through rigorous seller screening and detailed item vetting.

Launched in 2001 by founder Michael Bruno, the company has grown into a leading destination for both private collectors and interior design professionals.