1stdibs.Com (NASDAQ:DIBS) Receives “Sell (E+)” Rating from Weiss Ratings

1stdibs.Com (NASDAQ:DIBS)‘s stock had its “sell (e+)” rating reaffirmed by stock analysts at Weiss Ratings in a research note issued to investors on Saturday,Weiss Ratings reports.

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

1stdibs.Com Stock Performance

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

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 company had revenue of $21.19 million for the quarter, compared to analyst estimates 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 company posted ($0.08) EPS. As a group, sell-side analysts forecast that 1stdibs.Com will post -0.52 EPS for the current fiscal year.

Insider Activity at 1stdibs.Com

In other 1stdibs.Com news, insider Matthew Rubinger sold 12,002 shares of the stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $3.94, for a total value of $47,287.88. Following the completion of the sale, the insider now directly owns 12,477 shares of the company’s stock, valued at $49,159.38. This represents a 49.03 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 20.28% of the company’s stock.

Hedge Funds Weigh In On 1stdibs.Com

A number of hedge funds have recently made changes to their positions in the business. JPMorgan Chase & Co. grew its holdings in shares of 1stdibs.Com by 151.6% during the third quarter. JPMorgan Chase & Co. now owns 106,407 shares of the company’s stock worth $469,000 after purchasing an additional 64,107 shares during the last quarter. Garden State Investment Advisory Services LLC acquired a new stake in shares of 1stdibs.Com during the third quarter worth about $93,000. Barclays PLC lifted its position in 1stdibs.Com by 286.6% in the 3rd quarter. Barclays PLC now owns 34,182 shares of the company’s stock valued at $150,000 after acquiring an additional 25,341 shares in the last quarter. Geode Capital Management LLC boosted its position 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 last quarter. Finally, State Street Corp grew its holdings in shares of 1stdibs.Com by 2.1% in the 3rd quarter. State Street Corp now owns 294,330 shares of the company’s stock valued at $1,298,000 after acquiring an additional 5,985 shares in the last quarter. Institutional investors and hedge funds own 66.97% of the company’s stock.

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.