1stdibs.Com’s (DIBS) Sell (D-) Rating Reiterated at Weiss Ratings

Weiss Ratings reaffirmed their sell (d-) rating on shares of 1stdibs.Com (NASDAQ:DIBS) in a research report released on Saturday,Weiss Ratings reports.

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

1stdibs.Com Stock Up 0.8 %

NASDAQ DIBS opened at $3.63 on Friday. 1stdibs.Com has a 12-month low of $3.37 and a 12-month high of $6.30. The firm’s 50 day moving average is $3.72 and its 200-day moving average is $4.20. The company has a market capitalization of $132.53 million, a PE ratio of -8.64 and a beta of 0.94.

1stdibs.Com (NASDAQ:DIBS) last issued its quarterly earnings results 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 for 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 period last year, the firm earned ($0.08) earnings per share. As a group, sell-side analysts expect that 1stdibs.Com will post -0.52 EPS for the current year.

Insider Activity

In related news, insider Matthew Rubinger sold 12,002 shares of the stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $3.94, for a total value of $47,287.88. Following the sale, the insider now owns 12,477 shares in the company, valued at approximately $49,159.38. This represents a 49.03 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 20.28% of the company’s stock.

Hedge Funds Weigh In On 1stdibs.Com

Several institutional investors and hedge funds have recently modified their holdings of DIBS. Harspring Capital Management LLC bought a new stake in shares of 1stdibs.Com during the 2nd quarter worth about $1,080,000. Renaissance Technologies LLC lifted its position in 1stdibs.Com by 74.6% during the second quarter. Renaissance Technologies LLC now owns 536,000 shares of the company’s stock worth $2,407,000 after acquiring an additional 229,000 shares during the last quarter. Joel Isaacson & Co. LLC boosted its holdings in shares of 1stdibs.Com by 24.0% during the third quarter. Joel Isaacson & Co. LLC now owns 869,612 shares of the company’s stock worth $3,835,000 after acquiring an additional 168,226 shares during the period. Geode Capital Management LLC grew its position in shares of 1stdibs.Com by 16.8% in the third quarter. Geode Capital Management LLC now owns 664,078 shares of the company’s stock valued at $2,929,000 after purchasing an additional 95,292 shares during the last quarter. Finally, Bank of New York Mellon Corp bought a new position in shares of 1stdibs.Com during the second quarter worth approximately $333,000. 66.97% of the stock is currently owned by institutional investors and hedge funds.

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.