1stdibs.Com (NASDAQ:DIBS) Rating Increased to Hold at Zacks Investment Research

1stdibs.Com (NASDAQ:DIBSGet Rating) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Monday, 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 analysts also recently commented on DIBS. JMP Securities dropped their price target on shares of 1stdibs.Com from $20.00 to $18.00 and set a “market outperform” rating on the stock in a research report on Wednesday, March 2nd. Raymond James downgraded shares of 1stdibs.Com from an “outperform” rating to a “market perform” rating in a research report on Wednesday, March 2nd. Finally, Barclays dropped their price target on shares of 1stdibs.Com from $21.00 to $10.00 in a research report on Thursday, May 12th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $19.00.

1stdibs.Com stock traded up $0.17 during midday trading on Monday, reaching $5.37. 142,440 shares of the stock traded hands, compared to its average volume of 284,888. The firm has a fifty day moving average price of $7.53 and a two-hundred day moving average price of $10.03. The firm has a market cap of $204.42 million and a price-to-earnings ratio of -5.42. 1stdibs.Com has a fifty-two week low of $4.77 and a fifty-two week high of $35.46.

1stdibs.Com (NASDAQ:DIBSGet Rating) last posted its earnings results on Wednesday, May 11th. The company reported ($0.17) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.01. 1stdibs.Com had a negative net margin of 24.25% and a negative return on equity of 15.64%. On average, research analysts expect that 1stdibs.Com will post -0.81 EPS for the current year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Philosophy Capital Management LLC bought a new stake in shares of 1stdibs.Com in the 1st quarter worth approximately $6,801,000. Potrero Capital Research LLC raised its holdings in shares of 1stdibs.Com by 3.6% in the 1st quarter. Potrero Capital Research LLC now owns 273,323 shares of the company’s stock worth $2,184,000 after purchasing an additional 9,603 shares in the last quarter. Quantbot Technologies LP bought a new stake in shares of 1stdibs.Com in the 1st quarter worth approximately $103,000. California State Teachers Retirement System raised its holdings in shares of 1stdibs.Com by 114.1% in the 1st quarter. California State Teachers Retirement System now owns 8,703 shares of the company’s stock worth $70,000 after purchasing an additional 4,638 shares in the last quarter. Finally, Goldman Sachs Group Inc. acquired a new stake in shares of 1stdibs.Com during the first quarter valued at approximately $89,000. Institutional investors and hedge funds own 51.51% 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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Analyst Recommendations for 1stdibs.Com (NASDAQ:DIBS)

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