1stdibs.com (NASDAQ:DIBS) Cut to Sell at Wall Street Zen

Wall Street Zen lowered shares of 1stdibs.com (NASDAQ:DIBS) from a hold rating to a sell rating in a research report sent to investors on Saturday.

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of 1stdibs.com in a research report on Tuesday, July 29th.

1stdibs.com Trading Up 1.5%

NASDAQ DIBS opened at $2.67 on Friday. 1stdibs.com has a 1-year low of $2.30 and a 1-year high of $5.00. The stock has a 50-day moving average of $2.72 and a 200-day moving average of $2.98. The firm has a market cap of $95.27 million, a PE ratio of -4.85 and a beta of 1.07.

1stdibs.com (NASDAQ:DIBS) last released its quarterly earnings results on Wednesday, May 14th. The company reported ($0.14) EPS for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.01). The business had revenue of $22.55 million for the quarter, compared to the consensus estimate of $22.28 million. 1stdibs.com had a negative net margin of 22.69% and a negative return on equity of 19.49%. As a group, equities research analysts forecast that 1stdibs.com will post -0.52 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in DIBS. Kovitz Investment Group Partners LLC bought a new position in shares of 1stdibs.com in the 1st quarter worth approximately $42,000. Jane Street Group LLC bought a new position in shares of 1stdibs.com in the 1st quarter worth approximately $45,000. Wells Fargo & Company MN grew its stake in shares of 1stdibs.com by 26.0% in the 4th quarter. Wells Fargo & Company MN now owns 14,256 shares of the company’s stock worth $50,000 after buying an additional 2,939 shares during the last quarter. Virtu Financial LLC purchased a new stake in shares of 1stdibs.com in the 1st quarter worth approximately $63,000. Finally, XTX Topco Ltd purchased a new stake in shares of 1stdibs.com in the 4th quarter worth approximately $84,000. 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.