Northland Capmk Upgrades 1stdibs.com (NASDAQ:DIBS) to Hold

1stdibs.com (NASDAQ:DIBS) was upgraded by stock analysts at Northland Capmk to a “hold” rating in a research note issued to investors on Monday,Zacks.com reports.

Several other research firms also recently commented on DIBS. Wall Street Zen raised shares of 1stdibs.com from a “hold” rating to a “buy” rating in a report on Saturday, December 6th. Weiss Ratings restated a “sell (d-)” rating on shares of 1stdibs.com in a research report on Monday, December 22nd. Finally, Northland Securities initiated coverage on shares of 1stdibs.com in a report on Monday. They issued a “market perform” rating and a $7.00 price target on the stock. Two equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce” and an average target price of $7.00.

1stdibs.com Stock Down 0.3%

Shares of DIBS stock opened at $5.99 on Monday. The firm has a market cap of $219.29 million, a price-to-earnings ratio of -11.98 and a beta of 1.06. 1stdibs.com has a 52-week low of $2.30 and a 52-week high of $6.62. The company’s 50 day moving average is $5.07 and its 200 day moving average is $3.55.

1stdibs.com (NASDAQ:DIBS) last posted its earnings results on Friday, November 7th. The company reported ($0.10) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.13) by $0.03. 1stdibs.com had a negative return on equity of 18.56% and a negative net margin of 19.94%.The company had revenue of $21.97 million for the quarter, compared to analyst estimates of $21.51 million. Analysts anticipate that 1stdibs.com will post -0.52 EPS for the current fiscal year.

Insider Activity

In other 1stdibs.com news, CEO David S. Rosenblatt sold 73,207 shares of the stock in a transaction that occurred on Monday, December 8th. The stock was sold at an average price of $5.96, for a total transaction of $436,313.72. Following the completion of the transaction, the chief executive officer owned 1,976,786 shares of the company’s stock, valued at $11,781,644.56. This represents a 3.57% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Thomas J. Etergino sold 27,066 shares of 1stdibs.com stock in a transaction that occurred on Monday, December 8th. The stock was sold at an average price of $5.96, for a total value of $161,313.36. Following the completion of the sale, the chief financial officer directly owned 266,885 shares in the company, valued at $1,590,634.60. This represents a 9.21% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 706,640 shares of company stock worth $3,693,863 over the last 90 days. 23.48% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On 1stdibs.com

Institutional investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE increased its position in shares of 1stdibs.com by 31.8% during the fourth quarter. Bank of America Corp DE now owns 26,614 shares of the company’s stock valued at $94,000 after acquiring an additional 6,424 shares during the last quarter. Nuveen LLC acquired a new position in 1stdibs.com during the first quarter worth $103,000. Goldman Sachs Group Inc. lifted its stake in 1stdibs.com by 60.6% during the first quarter. Goldman Sachs Group Inc. now owns 118,051 shares of the company’s stock worth $359,000 after purchasing an additional 44,541 shares in the last quarter. Jane Street Group LLC purchased a new position in shares of 1stdibs.com during the first quarter worth $45,000. Finally, Acadian Asset Management LLC grew its stake in shares of 1stdibs.com by 5.6% in the first quarter. Acadian Asset Management LLC now owns 286,063 shares of the company’s stock valued at $867,000 after buying an additional 15,206 shares in the last quarter. Hedge funds and other institutional investors own 66.97% of the company’s stock.

About 1stdibs.com

1stDibs.com is an online marketplace specializing in high-end furniture, fine art, jewelry, watches, fashion and decor. The platform curates offerings from independent dealers, galleries and luxury brands, enabling vetted sellers to reach discerning buyers around the world. Headquartered in New York with an additional office in Paris, 1stDibs has built a reputation for quality and authenticity through rigorous seller screening and detailed item vetting.

Launched in 2001 by founder Michael Bruno, the company has grown into a leading destination for both private collectors and interior design professionals.