1stdibs.Com’s (DIBS) Sell (E+) Rating Reiterated at Weiss Ratings

Weiss Ratings restated their sell (e+) rating on shares of 1stdibs.Com (NASDAQ:DIBS) in a research report report published on Saturday morning,Weiss Ratings reports.

Separately, JMP Securities reaffirmed a “market perform” rating on shares of 1stdibs.Com in a research report on Monday, December 16th.

1stdibs.Com Trading Up 2.8 %

1stdibs.Com stock opened at $4.00 on Friday. 1stdibs.Com has a 12 month low of $3.37 and a 12 month high of $6.30. The stock has a fifty day simple moving average of $3.68 and a two-hundred day simple moving average of $4.14. The firm has a market cap of $146.04 million, a price-to-earnings ratio of -9.52 and a beta of 0.96.

1stdibs.Com (NASDAQ:DIBS) last released its quarterly earnings data on Friday, November 8th. The company reported ($0.15) EPS for the quarter, missing the consensus estimate of ($0.13) by ($0.02). The business had revenue of $21.19 million during the quarter, compared to the consensus estimate of $21.61 million. 1stdibs.Com had a negative return on equity of 13.55% and a negative net margin of 18.94%. During the same quarter in the previous year, the business posted ($0.08) earnings per share. On average, equities research analysts forecast that 1stdibs.Com will post -0.52 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Matthew Rubinger sold 12,002 shares of 1stdibs.Com stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $3.94, for a total transaction of $47,287.88. Following the transaction, the insider now owns 12,477 shares in the company, valued at $49,159.38. This trade represents a 49.03 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 20.28% of the stock is currently owned by insiders.

Hedge Funds Weigh In On 1stdibs.Com

Institutional investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. increased its position in 1stdibs.Com by 151.6% in the third quarter. JPMorgan Chase & Co. now owns 106,407 shares of the company’s stock worth $469,000 after buying an additional 64,107 shares in the last quarter. Garden State Investment Advisory Services LLC bought a new position in shares of 1stdibs.Com during the 3rd quarter valued at approximately $93,000. Barclays PLC increased its holdings in 1stdibs.Com by 286.6% in the 3rd quarter. Barclays PLC now owns 34,182 shares of the company’s stock worth $150,000 after acquiring an additional 25,341 shares in the last quarter. Geode Capital Management LLC raised its stake in 1stdibs.Com by 16.8% during the 3rd quarter. Geode Capital Management LLC now owns 664,078 shares of the company’s stock worth $2,929,000 after acquiring an additional 95,292 shares during the period. Finally, State Street Corp increased its stake in shares of 1stdibs.Com by 2.1% in the third quarter. State Street Corp now owns 294,330 shares of the company’s stock worth $1,298,000 after purchasing an additional 5,985 shares in the last quarter. 66.97% of the stock is owned by institutional investors.

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.