Weiss Ratings Reaffirms “Sell (D-)” Rating for 1stdibs.Com (NASDAQ:DIBS)

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

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

1stdibs.Com Stock Up 0.8 %

Shares of DIBS opened at $3.63 on Friday. The company has a 50 day moving average of $3.73 and a two-hundred day moving average of $4.21. 1stdibs.Com has a twelve month low of $3.37 and a twelve month high of $6.30. The company has a market cap of $132.53 million, a price-to-earnings ratio of -8.64 and a beta of 0.94.

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

Insider Transactions at 1stdibs.Com

In other news, insider Matthew Rubinger sold 12,002 shares of the firm’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $3.94, for a total value of $47,287.88. Following the completion of the transaction, the insider now directly owns 12,477 shares in the company, valued at $49,159.38. This trade represents a 49.03 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 20.28% of the company’s stock.

Hedge Funds Weigh In On 1stdibs.Com

Institutional investors have recently modified their holdings of the stock. American Century Companies Inc. acquired a new stake in 1stdibs.Com during the second quarter worth about $54,000. SG Americas Securities LLC purchased a new stake in 1stdibs.Com in the 3rd quarter worth approximately $56,000. Pitcairn Co. acquired a new stake in shares of 1stdibs.Com during the 3rd quarter worth approximately $65,000. Garden State Investment Advisory Services LLC purchased a new position in shares of 1stdibs.Com during the 3rd quarter valued at approximately $93,000. Finally, Rhumbline Advisers lifted its stake in shares of 1stdibs.Com by 6,785.5% in the 2nd quarter. Rhumbline Advisers now owns 25,201 shares of the company’s stock valued at $113,000 after purchasing an additional 24,835 shares during the period. Hedge funds and other institutional investors own 66.97% of the company’s stock.

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.