1stdibs.Com, Inc. (NASDAQ:DIBS) Given Average Rating of “Hold” by Brokerages

Shares of 1stdibs.Com, Inc. (NASDAQ:DIBS – Get Rating) have earned an average recommendation of “Hold” from the seven research firms that are covering the stock, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $22.33.

DIBS has been the subject of several recent analyst reports. Zacks Investment Research upgraded shares of 1stdibs.Com from a “sell” rating to a “hold” rating in a research note on Wednesday, April 6th. JMP Securities dropped their target price on shares of 1stdibs.Com from $20.00 to $18.00 and set a “market outperform” rating on the stock in a report on Wednesday, March 2nd. Finally, Raymond James lowered shares of 1stdibs.Com from an “outperform” rating to a “market perform” rating in a research report on Wednesday, March 2nd.

A number of hedge funds have recently bought and sold shares of DIBS. Assetmark Inc. acquired a new stake in shares of 1stdibs.Com during the 3rd quarter worth about $40,000. California State Teachers Retirement System bought a new stake in 1stdibs.Com during the third quarter worth about $45,000. American International Group Inc. acquired a new position in shares of 1stdibs.Com in the third quarter valued at approximately $46,000. New York State Common Retirement Fund bought a new stake in 1stdibs.Com in the fourth quarter valued at approximately $48,000. Finally, Wells Fargo & Company MN lifted its holdings in shares of 1stdibs.Com by 208.0% in the 4th quarter. Wells Fargo & Company MN now owns 5,079 shares of the company’s stock worth $64,000 after purchasing an additional 3,430 shares in the last quarter. 49.22% of the stock is owned by institutional investors.

Shares of DIBS stock traded up $0.09 on Thursday, hitting $7.65. The company’s stock had a trading volume of 4,171 shares, compared to its average volume of 368,457. 1stdibs.Com has a fifty-two week low of $6.49 and a fifty-two week high of $35.46. The firm’s fifty day moving average price is $9.09 and its 200-day moving average price is $11.64.

1stdibs.Com (NASDAQ:DIBS – Get Rating) last posted its earnings results on Tuesday, March 1st. The company reported ($0.21) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.17) by ($0.04). The business had revenue of $26.93 million for the quarter, compared to the consensus estimate of $26.96 million. The company’s revenue for the quarter was up 12.8% compared to the same quarter last year. As a group, analysts forecast that 1stdibs.Com will post -0.71 EPS for the current fiscal year.

1stdibs.Com Company Profile (Get Rating)

1stdibs.Com, Inc operates an online marketplace for vintage, antique, and contemporary furniture, home décor, jewelry, watches, art, and fashion products worldwide. The company offers online marketplace that enables commerce between sellers and buyers; and Design Manager, an online platform that provides software solution to interior designers.

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