1stdibs.com (NASDAQ:DIBS) Raised to “Buy” at Wall Street Zen

1stdibs.com (NASDAQ:DIBS) was upgraded by equities researchers at Wall Street Zen from a “hold” rating to a “buy” rating in a report issued on Saturday.

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of 1stdibs.com in a report on Monday. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce”.

1stdibs.com Stock Down 1.8%

NASDAQ:DIBS opened at $6.08 on Friday. The firm has a market capitalization of $222.59 million, a P/E ratio of -12.16 and a beta of 1.06. The company has a fifty day moving average of $3.95 and a 200 day moving average of $3.14. 1stdibs.com has a 52 week low of $2.30 and a 52 week high of $6.62.

1stdibs.com (NASDAQ:DIBS) last issued its quarterly earnings data on Friday, November 7th. The company reported ($0.10) EPS for the quarter, beating the consensus estimate of ($0.13) by $0.03. The firm had revenue of $21.97 million during the quarter, compared to the consensus estimate of $21.51 million. 1stdibs.com had a negative net margin of 19.94% and a negative return on equity of 18.56%. As a group, analysts anticipate that 1stdibs.com will post -0.52 EPS for the current year.

Insider Buying and Selling

In related news, General Counsel Melanie F. Goins sold 9,744 shares of the firm’s stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $2.80, for a total transaction of $27,283.20. Following the completion of the sale, the general counsel owned 191,170 shares of the company’s stock, valued at $535,276. This trade represents a 4.85% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO David S. Rosenblatt sold 595,071 shares of the business’s stock in a transaction that occurred on Monday, November 24th. The stock was sold at an average price of $5.09, for a total transaction of $3,028,911.39. Following the completion of the transaction, the chief executive officer owned 1,917,493 shares of the company’s stock, valued at approximately $9,760,039.37. The trade was a 23.68% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 697,413 shares of company stock worth $3,315,469 in the last quarter. Corporate insiders own 19.60% of the company’s stock.

Institutional Trading of 1stdibs.com

Large investors have recently made changes to their positions in the stock. Truffle Hound Capital LLC bought a new stake in shares of 1stdibs.com during the 2nd quarter valued at $1,100,000. Joel Isaacson & Co. LLC grew its holdings in 1stdibs.com by 29.4% during the third quarter. Joel Isaacson & Co. LLC now owns 695,379 shares of the company’s stock valued at $1,801,000 after purchasing an additional 158,169 shares during the period. Topline Capital Management LLC increased its position in 1stdibs.com by 341.6% in the third quarter. Topline Capital Management LLC now owns 192,115 shares of the company’s stock worth $498,000 after buying an additional 148,611 shares in the last quarter. Harspring Capital Management LLC raised its stake in shares of 1stdibs.com by 22.0% in the third quarter. Harspring Capital Management LLC now owns 610,000 shares of the company’s stock worth $1,580,000 after buying an additional 110,000 shares during the period. Finally, Y Intercept Hong Kong Ltd purchased a new position in shares of 1stdibs.com during the 2nd quarter valued at about $254,000. 66.97% of the stock is currently owned by institutional investors.

1stdibs.com Company Profile

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.