Weiss Ratings Reaffirms “Sell (E+)” Rating for 1stdibs.Com (NASDAQ:DIBS)

1stdibs.Com (NASDAQ:DIBS)‘s stock had its “sell (e+)” rating reissued by investment analysts at Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

Separately, Wall Street Zen lowered shares of 1stdibs.Com from a “hold” rating to a “sell” rating in a research report on Thursday, May 22nd.

1stdibs.Com Price Performance

Shares of NASDAQ:DIBS opened at $2.87 on Wednesday. The company’s 50 day simple moving average is $2.53 and its 200 day simple moving average is $3.23. The stock has a market capitalization of $102.41 million, a price-to-earnings ratio of -6.83 and a beta of 1.03. 1stdibs.Com has a 1 year low of $2.30 and a 1 year high of $5.67.

1stdibs.Com (NASDAQ:DIBS) last announced its quarterly earnings data on Wednesday, May 14th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.01). The firm had revenue of $22.55 million during the quarter, compared to the consensus estimate of $22.28 million. 1stdibs.Com had a negative net margin of 18.94% and a negative return on equity of 13.55%. As a group, analysts anticipate that 1stdibs.Com will post -0.52 EPS for the current fiscal year.

Institutional Trading of 1stdibs.Com

Hedge funds have recently added to or reduced their stakes in the stock. Intech Investment Management LLC acquired a new stake in 1stdibs.Com in the fourth quarter valued at approximately $36,000. Kovitz Investment Group Partners LLC acquired a new stake in 1stdibs.Com in the first quarter valued at approximately $42,000. Jane Street Group LLC acquired a new stake in 1stdibs.Com in the first quarter valued at approximately $45,000. Wells Fargo & Company MN boosted its position in 1stdibs.Com by 26.0% in the fourth quarter. Wells Fargo & Company MN now owns 14,256 shares of the company’s stock valued at $50,000 after buying an additional 2,939 shares in the last quarter. Finally, Virtu Financial LLC acquired a new position in shares of 1stdibs.Com during the first quarter worth $63,000. Institutional investors and hedge funds own 66.97% of the company’s stock.

About 1stdibs.Com

1stdibs.Com, Inc operates an online marketplace for luxury design products worldwide. Its marketplace connects customers with sellers and makers of vintage, antique, and contemporary furniture; and home décor, jewelry, watches, art, and fashion products. The company was incorporated in 2000 and is headquartered in New York, New York.