1stdibs.com’s (DIBS) Sell (E+) Rating Reaffirmed at Weiss Ratings

1stdibs.com (NASDAQ:DIBS)‘s stock had its “sell (e+)” rating reiterated by Weiss Ratings in a report released on Saturday,Weiss Ratings reports.

Separately, Wall Street Zen raised 1stdibs.com from a “sell” rating to a “hold” rating in a research report on Sunday, August 10th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

1stdibs.com Trading Down 0.7%

DIBS stock opened at $2.78 on Friday. The stock has a market cap of $100.78 million, a PE ratio of -5.05 and a beta of 1.07. 1stdibs.com has a 12 month low of $2.30 and a 12 month high of $4.85. The company has a 50-day moving average price of $2.71 and a 200 day moving average price of $2.73.

1stdibs.com (NASDAQ:DIBS) last announced its quarterly earnings data on Wednesday, August 6th. The company reported ($0.12) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.17) by $0.05. The business had revenue of $22.14 million during the quarter, compared to the consensus estimate of $22.19 million. 1stdibs.com had a negative net margin of 22.58% and a negative return on equity of 20.13%. Sell-side analysts forecast that 1stdibs.com will post -0.52 EPS for the current year.

Insiders Place Their Bets

In related news, CFO Thomas J. Etergino sold 19,391 shares of 1stdibs.com stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $2.80, for a total value of $54,294.80. Following the completion of the sale, the chief financial officer directly owned 240,937 shares in the company, valued at $674,623.60. The trade was a 7.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO David S. Rosenblatt sold 73,207 shares of the company’s stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $2.80, for a total transaction of $204,979.60. Following the completion of the sale, the chief executive officer directly owned 1,845,898 shares of the company’s stock, valued at approximately $5,168,514.40. This trade represents a 3.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 102,342 shares of company stock worth $286,558. 23.48% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On 1stdibs.com

Several large investors have recently modified their holdings of the business. Two Sigma Advisers LP lifted its position in shares of 1stdibs.com by 2.0% in the 4th quarter. Two Sigma Advisers LP now owns 127,300 shares of the company’s stock worth $451,000 after purchasing an additional 2,500 shares during the period. Bank of America Corp DE raised its stake in 1stdibs.com by 31.8% in the fourth quarter. Bank of America Corp DE now owns 26,614 shares of the company’s stock worth $94,000 after buying an additional 6,424 shares in the last quarter. Marshall Wace LLP raised its stake in 1stdibs.com by 59.8% in the second quarter. Marshall Wace LLP now owns 19,153 shares of the company’s stock worth $53,000 after buying an additional 7,168 shares in the last quarter. Jump Financial LLC purchased a new stake in 1stdibs.com during the second quarter worth $30,000. Finally, Catalyst Funds Management Pty Ltd bought a new stake in 1stdibs.com during the 2nd quarter valued at $30,000. 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.