1stdibs.Com (NASDAQ:DIBS) Receives Sell (D-) Rating from Weiss Ratings

Weiss Ratings restated their sell (d-) rating on shares of 1stdibs.Com (NASDAQ:DIBS) 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 Price Performance

Shares of DIBS stock traded up $0.03 during midday trading on Friday, reaching $3.63. 109,609 shares of the company traded hands, compared to its average volume of 100,659. The firm has a market cap of $132.53 million, a PE ratio of -8.64 and a beta of 0.94. The firm’s 50 day simple moving average is $3.73 and its two-hundred day simple moving average is $4.21. 1stdibs.Com has a 1-year low of $3.37 and a 1-year high of $6.30.

1stdibs.Com (NASDAQ:DIBS) last posted its earnings results on Friday, November 8th. The company reported ($0.15) EPS 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 firm had revenue of $21.19 million for the quarter, compared to analysts’ expectations of $21.61 million. During the same quarter in the previous year, the firm posted ($0.08) earnings per share. As a group, research analysts anticipate that 1stdibs.Com will post -0.52 earnings per share for the current fiscal year.

Insider Transactions at 1stdibs.Com

In other 1stdibs.Com news, insider Matthew Rubinger sold 12,002 shares of the firm’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $3.94, for a total transaction of $47,287.88. Following the sale, the insider now directly owns 12,477 shares of the company’s stock, valued at $49,159.38. This trade represents a 49.03 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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 the company. Joel Isaacson & Co. LLC raised its holdings in 1stdibs.Com by 24.0% in the 3rd quarter. Joel Isaacson & Co. LLC now owns 869,612 shares of the company’s stock valued at $3,835,000 after acquiring an additional 168,226 shares during the last quarter. Portolan Capital Management LLC increased its stake in 1stdibs.Com by 7.1% in the third quarter. Portolan Capital Management LLC now owns 707,652 shares of the company’s stock valued at $3,121,000 after purchasing an additional 46,699 shares during the last quarter. Geode Capital Management LLC lifted its position in 1stdibs.Com by 16.8% during the third quarter. Geode Capital Management LLC now owns 664,078 shares of the company’s stock worth $2,929,000 after buying an additional 95,292 shares during the period. Renaissance Technologies LLC boosted its stake in 1stdibs.Com by 74.6% in the 2nd quarter. Renaissance Technologies LLC now owns 536,000 shares of the company’s stock worth $2,407,000 after buying an additional 229,000 shares during the last quarter. Finally, Harspring Capital Management LLC increased its stake in shares of 1stdibs.Com by 83.2% during the 3rd quarter. Harspring Capital Management LLC now owns 440,377 shares of the company’s stock valued at $1,942,000 after acquiring an additional 199,951 shares during the last quarter. Hedge funds and other institutional investors 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.