1stdibs.Com (NASDAQ:DIBS) Lowered to Sell at Zacks Investment Research

Zacks Investment Research lowered shares of 1stdibs.Com (NASDAQ:DIBSGet Rating) from a hold rating to a sell rating in a research note released on Friday morning, Zacks.com reports.

According to Zacks, “1stdibs.com Inc. provides an online marketplace for connecting design with coveted sellers and makers of vintage, antique, and contemporary furniture, home décor, art, jewelry, watches and fashion. 1stdibs.com Inc. is based in NEW YORK. “

A number of other research firms have also recently weighed in on DIBS. Raymond James cut shares of 1stdibs.Com from an outperform rating to a market perform rating in a report on Wednesday, March 2nd. JMP Securities cut their price objective on shares of 1stdibs.Com from $20.00 to $18.00 and set a market outperform rating for the company in a report on Wednesday, March 2nd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat, 1stdibs.Com has an average rating of Hold and an average target price of $21.75.

NASDAQ DIBS opened at $7.85 on Friday. The firm’s 50 day moving average price is $8.95 and its 200-day moving average price is $11.51. 1stdibs.Com has a 52-week low of $6.49 and a 52-week high of $35.46.

1stdibs.Com (NASDAQ:DIBSGet Rating) last announced 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. 1stdibs.Com’s quarterly revenue was up 12.8% compared to the same quarter last year. On average, equities analysts predict that 1stdibs.Com will post -0.71 earnings per share for the current year.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Assetmark Inc. acquired a new stake in shares of 1stdibs.Com in the third quarter valued at about $40,000. California State Teachers Retirement System acquired a new stake in shares of 1stdibs.Com in the third quarter valued at about $45,000. American International Group Inc. acquired a new stake in shares of 1stdibs.Com in the third quarter valued at about $46,000. New York State Common Retirement Fund acquired a new stake in shares of 1stdibs.Com in the fourth quarter valued at about $48,000. Finally, Wells Fargo & Company MN grew its position in shares of 1stdibs.Com by 208.0% in the fourth quarter. Wells Fargo & Company MN now owns 5,079 shares of the company’s stock valued at $64,000 after purchasing an additional 3,430 shares during the period. Institutional investors and hedge funds own 49.22% of the company’s stock.

About 1stdibs.Com (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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