Weiss Ratings Reiterates Sell (E+) Rating for 1stdibs.com (NASDAQ:DIBS)

1stdibs.com (NASDAQ:DIBS)‘s stock had its “sell (e+)” rating reissued by equities researchers at Weiss Ratings in a research note issued to investors on Friday,Weiss Ratings reports.

Separately, Wall Street Zen cut 1stdibs.com from a “hold” rating to a “sell” rating in a report on Thursday, May 22nd.

1stdibs.com Trading Down 0.7%

DIBS stock opened at $2.81 on Friday. The stock has a 50-day moving average price of $2.60 and a two-hundred day moving average price of $3.14. The stock has a market cap of $100.26 million, a PE ratio of -5.11 and a beta of 1.03. 1stdibs.com has a 1 year low of $2.30 and a 1 year high of $5.00.

1stdibs.com (NASDAQ:DIBS) last released its earnings results 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 for the quarter, compared to the consensus estimate of $22.28 million. 1stdibs.com had a negative return on equity of 19.49% and a negative net margin of 22.69%. On average, analysts forecast that 1stdibs.com will post -0.52 earnings per share for the current fiscal year.

Hedge Funds Weigh In On 1stdibs.com

A number of hedge funds and other institutional investors have recently bought and sold shares of DIBS. Intech Investment Management LLC acquired a new stake in 1stdibs.com during the fourth quarter worth approximately $36,000. Kovitz Investment Group Partners LLC acquired a new stake in shares of 1stdibs.com in the first quarter valued at approximately $42,000. Wells Fargo & Company MN raised its position in shares of 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. Jane Street Group LLC acquired a new stake in shares of 1stdibs.com in the first quarter valued at approximately $45,000. Finally, Virtu Financial LLC acquired a new stake in shares of 1stdibs.com in the first quarter valued at approximately $63,000. Institutional investors 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.