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

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

Other analysts have also issued research reports about the company. Northland Securities raised 1stdibs.com from a “market perform” rating to an “outperform” rating and set a $7.00 price objective on the stock in a report on Tuesday. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of 1stdibs.com in a research report on Monday, December 29th. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $7.00.

1stdibs.com Trading Down 2.4%

Shares of 1stdibs.com stock opened at $5.60 on Friday. The firm has a fifty day simple moving average of $5.61 and a 200-day simple moving average of $4.49. The stock has a market capitalization of $202.66 million, a price-to-earnings ratio of -14.36 and a beta of 1.06. 1stdibs.com has a 1-year low of $2.30 and a 1-year high of $6.62.

1stdibs.com (NASDAQ:DIBS) last released its earnings results on Friday, February 27th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.01. 1stdibs.com had a negative return on equity of 14.44% and a negative net margin of 15.25%.The firm had revenue of $22.97 million for the quarter, compared to analyst estimates of $23.10 million. As a group, research analysts predict that 1stdibs.com will post -0.52 earnings per share for the current year.

Insider Activity at 1stdibs.com

In related news, CEO David S. Rosenblatt sold 73,207 shares of the firm’s stock in a transaction 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 sale, the chief executive officer directly owned 1,976,786 shares of the company’s stock, valued at $11,781,644.56. This trade represents a 3.57% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Thomas J. Etergino sold 27,066 shares of 1stdibs.com stock in a transaction on Monday, December 8th. The shares were sold at an average price of $5.96, for a total value of $161,313.36. Following the completion of the transaction, the chief financial officer owned 266,885 shares of the company’s stock, valued at approximately $1,590,634.60. The trade was a 9.21% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 111,569 shares of company stock valued at $664,951 in the last three months. Corporate insiders own 19.60% of the company’s stock.

Hedge Funds Weigh In On 1stdibs.com

A number of large investors have recently modified their holdings of DIBS. Kanen Wealth Management LLC acquired a new stake in shares of 1stdibs.com in the fourth quarter valued at approximately $7,018,000. Joel Isaacson & Co. LLC grew its position in shares of 1stdibs.com by 53.5% during the 4th quarter. Joel Isaacson & Co. LLC now owns 1,067,746 shares of the company’s stock worth $6,396,000 after buying an additional 372,367 shares during the period. Harspring Capital Management LLC raised its stake in shares of 1stdibs.com by 8.2% during the fourth quarter. Harspring Capital Management LLC now owns 660,000 shares of the company’s stock worth $3,953,000 after buying an additional 50,000 shares during the last quarter. Truffle Hound Capital LLC lifted its holdings in 1stdibs.com by 50.0% in the third quarter. Truffle Hound Capital LLC now owns 600,000 shares of the company’s stock valued at $1,554,000 after buying an additional 200,000 shares during the period. Finally, Millennium Management LLC boosted its stake in 1stdibs.com by 28.7% in the fourth quarter. Millennium Management LLC now owns 311,153 shares of the company’s stock valued at $1,864,000 after acquiring an additional 69,412 shares during the last quarter. 66.97% of the stock is currently owned by institutional investors and hedge funds.

1stdibs.com Company Profile

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.